Mechanics and Farmers Bank

Overview / Commentary

www.mfbonline.com

919-687-7811

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 2024

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Health Grade Components

Overall
FDIC Certificate #	12266
Year Established	1908
Employees	88
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.81%
Return on Equity - YTD	5.93%
Annual Interest Income	$11.3MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$450.6MM$419.5MM
Loans	Q2 2024vs Q2 2023	$272.5MM$255.4MM
Deposits	Q2 2024vs Q2 2023	$384.1MM$358.4MM
Equity Capital	Q2 2024vs Q2 2023	$60.2MM$55.8MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$3.8MM$2.9MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$901K$839K
Real Estate Owned	Q2 2024vs Q2 2023	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.00%^*	$0	$10k	Dash Checking
OTHER TIERS: 0.55% → $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 28216
Mechanics & Farmers Bank	116 W Parrish St	Durham, NC 27701
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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