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Mechanics and Farmers Bank


Overview / Commentary
www.mfbonline.com
919-687-7803
2634 Durham Chapel Hill Boulevard
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
A

Data as of Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12266
Year Established1908
Employees70
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.03%
Return on Equity - YTD0.41%
Annual Interest Income$5.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$291.3MM$262.3MM
LoansQ2 2020vs Q2 2019$184.0MM$173.0MM
DepositsQ2 2020vs Q2 2019$263.6MM$236.0MM
Equity CapitalQ2 2020vs Q2 2019$22.8MM$20.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.7MM$2.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.0MM$964.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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 Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*-$10kDash Checking
OTHER TIERS: 0.25% → $10k+
Locations


Mechanics and Farmers Bank Locations
100 South Murrow Boulevard Branch100 South Murrow BoulevardGreensboro, NC 27401
Charlotte Branch101 Beatties Ford RoadCharlotte, NC 28216
Mechanics & Farmers Bank116 West Parrish StreetDurham, NC 27701
Raleigh Branch13 East Hargett StreetRaleigh, NC 27601
Rock Quarry Road Branch1824 Rock Quarry RoadRaleigh, NC 27610
Chapel Hill Blvd Branch2705 Chapel Hill BlvdDurham, NC 27707
Winston-Salem Branch770 M.l. King Blvd.Winston Salem, NC 27101

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.