The Farmers & Merchants Bank


The Farmers & Merchants Bank is an FDIC insured institution headquartered at 110 South Main Street, Dyer, TN 38330.
It was founded in 1895 and has approximately $0 billion in assets. Customers can open an account at one of its 5 branches.

Deposit Rates - April 24, 2024

SAVINGS RATES APY MIN
Savings
0.75% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.35% $10,000 Compare
6 Mo CD
0.35% $100,000 Compare
12 Mo CD
0.75% $10,000 Compare
12 Mo CD
0.75% $100,000 Compare
18 Mo CD
1.30% $10,000 Compare
18 Mo CD
1.30% $100,000 Compare
24 Mo CD
1.30% $10,000 Compare
24 Mo CD
1.30% $100,000 Compare
36 Mo CD
1.30% $10,000 Compare
36 Mo CD
1.30% $100,000 Compare
48 Mo CD
1.35% $10,000 Compare
48 Mo CD
1.35% $100,000 Compare
60 Mo CD
1.50% $10,000 Compare
60 Mo CD
1.50% $100,000 Compare
MM RATES APY MIN
Money Market
0.50% $2,500 Compare
Money Market
0.50% $10,000 Compare
Money Market
0.50% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1480
Date Established 1895
Assets $ 104.18 million
Loans $ 33.14 million
Deposits $ 90.12 million
Capital $ 9.54 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 4.67 million
Interest-bearing balances $ 2.15 million
Total securities $ 32.27 million
Federal funds sold and reverse repurchase $ 25.48 million
Net loans and leases $ 33.14 million
Loan loss allowance $ 0.19 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.43 million
Goodwill and other intangibles $ 0.32 million
All other assets $ 4.30 million
     Total Assets $ 94.64 million

LIABILITIES
Total deposits $ 90.12 million
      Interest-bearing deposits $ 80.98 million
      Deposits held in domestic offices $ 90.12 million
      % insured (estimated) 75.13%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.05 million
Subordinated debt N.A.
All other liabilities $ 1.47 millionn
      Total Liabilities $ 94.64 million
      Shareholders’ Equity $ 9.54 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 0.81 million
Total Interest Expense $ 0.15 million
Net interest income $ 0.66 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.14 million
Total non interest expense $ 0.78 million
Pre-tax Net Operating Income $ 0.03 million

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