Mechanics and Farmers Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
1.05%	Reward Checking	Dash Checking 1.96% - National Average
0.75%	5-year CD	60 Month Plus CD 3.00% - Barclays 60 Month Online CD
0.15%	1-year CD	12 - 17 Month CD 2.30% - Ally Bank High Yield 12-Month CD

View all Mechanics and Farmers Bank rates »

Overview / Commentary

www.mfbonline.com

919-687-7803

116 West Parrish Street
Durham, NC 27702

Mechanics and Farmers Bank (M&F Bank) is an independent bank committed to meeting the financial services needs of the communities they serve. Their motivated and dedicated employees will provide quality service to all customers, promoting personal and community development while continuing its tradition of serving those who historically have been underserved

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Health

C+

Data as of Q1 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Mechanics and Farmers Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	12266
Year Established	1908
Employees	65
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-1.12%
Return on Equity - YTD	-15.02%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$254.6MM$267.7MM
Loans	Q1 2018vs Q1 2017	$157.1MM$153.8MM
Deposits	Q1 2018vs Q1 2017	$232.3MM$241.3MM
Equity Capital	Q1 2018vs Q1 2017	$18.1MM$21.8MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$1.9MM$2.4MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$1.7MM$1.8MM
Real Estate Owned	Q1 2018vs Q1 2017	$0$0

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mechanics and Farmers Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.09%^*	$10k^*	-	Health Savings Account
OTHER TIERS: 0.05% → $100 - $2,500 \| 0.07% → $2,500 - $10k
0.02%	$100	-	Savings Account

Mechanics and Farmers Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$500k^*	-	Public Funds Money Market
OTHER TIERS: 0.05% → $2,500 - $50k \| 0.10% → $50k - $500k
0.09%^*	$25k^*	-	Money Market Investment
OTHER TIERS: 0.04% → $2,500 - $10k \| 0.05% → $10k - $25k

Mechanics and Farmers Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%^*	-	$10k	Dash Checking
OTHER TIERS: 0.25% → $10k+
0.10%	$1k	-	Commercial N.O.W. Accounts
0.10%	$1k	-	Public Funds Commercial N.O.W. Accounts
0.05%	$1k	-	Prestige Checking Account
0.04%^*	$10k^*	-	Interest Checking Accounts
OTHER TIERS: 0.01% → $1k - $2,500 \| 0.02% → $2,500 - $10k

Mechanics and Farmers Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$10k^*	-	60 Month Plus CD
OTHER TIERS: 0.50% → $1k - $10k
0.65%^*	$10k^*	-	48 - 59 Month CD
OTHER TIERS: 0.40% → $1k - $10k
0.50%^*	$10k^*	-	36 - 47 Month CD
OTHER TIERS: 0.30% → $1k - $10k
0.25%^*	$50k^*	-	24 - 35 Month CD
OTHER TIERS: 0.10% → $1k - $10k \| 0.20% → $10k - $50k
0.15%^*	$10k^*	-	12 - 17 Month CD
OTHER TIERS: 0.10% → $1k - $10k
0.15%^*	$10k^*	-	18 - 23 Month CD
OTHER TIERS: 0.10% → $1k - $10k
0.13%^*	$100k^*	-	270 - 364 Day CD
OTHER TIERS: 0.10% → $1k - $50k \| 0.12% → $50k - $100k
0.12%^*	$100k^*	-	180 - 269 Day CD
OTHER TIERS: 0.05% → $1k - $10k \| 0.10% → $10k - $50k \| 0.11% → $50k - $100k
0.08%^*	$100k^*	-	90 - 179 Day CD
OTHER TIERS: 0.03% → $1k - $10k \| 0.06% → $10k - $50k \| 0.07% → $50k - $100k
0.03%^*	$10k^*	-	7 - 31 Day CD
OTHER TIERS: 0.02% → $1k - $10k
0.03%^*	$10k^*	-	32 - 89 Day CD
OTHER TIERS: 0.02% → $1k - $10k

Mechanics and Farmers Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.05%	$1k	-	24 Month IRA Special
0.75%^*	$10k^*	-	60 Month Plus IRA
OTHER TIERS: 0.50% → $1k - $10k
0.65%^*	$10k^*	-	48 - 59 Month IRA
OTHER TIERS: 0.40% → $1k - $10k
0.50%^*	$10k^*	-	36 - 47 Month IRA
OTHER TIERS: 0.30% → $1k - $10k
0.25%^*	$50k^*	-	24 - 35 Month IRA
OTHER TIERS: 0.10% → $1k - $10k \| 0.20% → $10k - $50k
0.25%	$1k	-	18 Month Variable IRA Special
0.15%^*	$10k^*	-	12 - 17 Month IRA
OTHER TIERS: 0.10% → $1k - $10k
0.15%^*	$10k^*	-	18 - 23 Month IRA
OTHER TIERS: 0.10% → $1k - $10k
0.13%^*	$100k^*	-	270 - 364 Day IRA
OTHER TIERS: 0.10% → $1k - $50k \| 0.12% → $50k - $100k
0.12%^*	$100k^*	-	180 - 269 Day IRA
OTHER TIERS: 0.05% → $1k - $10k \| 0.10% → $10k - $50k \| 0.11% → $50k - $100k
0.08%^*	$100k^*	-	90 - 179 Day IRA
OTHER TIERS: 0.03% → $1k - $10k \| 0.06% → $10k - $50k \| 0.07% → $50k - $100k
0.03%^*	$10k^*	-	7 - 31 Day IRA
OTHER TIERS: 0.02% → $1k - $10k
0.03%^*	$10k^*	-	32 - 89 Day IRA
OTHER TIERS: 0.02% → $1k - $10k

Locations

Mechanics and Farmers Bank Locations
100 South Murrow Boulevard Branch	100 South Murrow Boulevard	Greensboro, NC 27401
Charlotte Branch	101 Beatties Ford Road	Charlotte, NC 28208
Mechanics & Farmers Bank	116 West Parrish Street	Durham, NC 27702
Raleigh Branch	13 East Hargett Street	Raleigh, NC 27601
Rock Quarry Road Branch	1824 Rock Quarry Road	Raleigh, NC 27610
Chapel Hill Blvd Branch	2705 Chapel Hill Blvd	Durham, NC 27707
Winston-Salem Branch	770 M.l. King Blvd.	Winston Salem, NC 27101

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