The Farmers Bank of Appomattox

Overview / Commentary

www.thefarmersbankva.com

434-352-7171

223 Main Street
Appomattox, VA 24522

The Farmers Bank of Appomattox is headquartered in Appomattox and is the 52^nd largest bank in the state of Virginia. It is also the 2,603^rd largest bank in the nation. It was established in 1918 and as of June of 2020, it had grown to 69 employees at 5 locations. The Farmers Bank of Appomattox has an A+ health rating.

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Health

A+

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	6813
Year Established	1918
Employees	69
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.95%
Return on Equity - YTD	6.91%
Annual Interest Income	$4.7MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$258.1MM$232.9MM
Loans	Q2 2020vs Q2 2019	$165.6MM$155.2MM
Deposits	Q2 2020vs Q2 2019	$219.6MM$196.5MM
Equity Capital	Q2 2020vs Q2 2019	$34.9MM$32.7MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$1.1MM$1.0MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$984.00K$984.00K
Real Estate Owned	Q2 2020vs Q2 2019	$148.00K$276.00K

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.

The Farmers Bank of Appomattox Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$100	-	IRA Savings Variable
0.10%	$10	-	Statement Savings

The Farmers Bank of Appomattox Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $50k

The Farmers Bank of Appomattox Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$250k^*	-	Century Checking
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $50k \| 0.15% → $50k - $250k
0.20%^*	$100k^*	-	Century Business Checking
OTHER TIERS: 0.05% → $1k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k
0.15%^*	$50k^*	-	Club Checking Accounts
OTHER TIERS: 0.05% → $500 - $10k \| 0.10% → $10k - $50k
0.05%	-	-	NOW Sterling Checking
0.05%	-	-	NOW Sterling Business Checking

The Farmers Bank of Appomattox CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$100k	-	5 Year Jumbo CD
0.65%	$1k	-	5 Year CD
0.60%	$100k	-	3 Year Jumbo CD
0.50%	$100k	-	2 Year Jumbo CD
0.45%	$1k	-	3 Year CD
0.40%	$100k	-	1 Year Jumbo CD
0.35%	$1k	-	2 Year CD
0.35%	$10k	-	18 Month Club Certificate Special
0.30%	$1k	-	18 Month CD
0.30%	$1k	-	15 Month CD
0.25%	$1k	-	1 Year CD
0.20%	$1k	-	6 Month CD
0.15%	$5k	-	12 Month No Penalty CD Special

The Farmers Bank of Appomattox IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.80%	$100k	-	5 Year Jumbo IRA
0.65%	$1k	-	5 Year Fixed Rate IRA

Locations

The Farmers Bank of Appomattox Locations
Concord Branch	10272 Village Highway	Concord, VA 24538
Farmville/Longwood Plaza Branch	1508 South Main Street	Farmville, VA 23901
Dillwyn Branch	16086 North James Madison Hwy	Dillwyn, VA 23936
Triangle Plaza Branch	169 Old Courthouse Road	Appomattox, VA 24522
The Farmers Bank Of Appomattox	223 Main Street	Appomattox, VA 24522

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