Farmers & Merchants Bank of Central California


Farmers & Merchants Bank of Central California is an FDIC insured institution headquartered at 121 W Pine St, Lodi, CA 95240.
It was founded in 1916 and has approximately $5 billion in assets. Customers can open an account at one of its 34 branches.

Deposit Rates - April 29, 2024

SAVINGS RATES APY MIN
Savings
0.03% $2,500 Compare
MM RATES APY MIN
Money Market
0.04% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.06% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1331
Date Established 1916
Assets $ 5.31 billion
Loans $ 3.58 billion
Deposits $ 4.67 billion
Capital $ 561.21 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 413.03 million
Interest-bearing balances $ 338.38 million
Total securities $ 999.44 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.58 billion
Loan loss allowance $ 74.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.87 million
Goodwill and other intangibles $ 13.42 million
All other assets $ 235.31 million
     Total Assets $ 4.75 billion

LIABILITIES
Total deposits $ 4.67 billion
      Interest-bearing deposits $ 3.19 billion
      Deposits held in domestic offices $ 4.67 billion
      % insured (estimated) 52.01%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 84.09 millionn
      Total Liabilities $ 4.75 billion
      Shareholders’ Equity $ 561.21 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 253.00 million
Total Interest Expense $ 36.95 million
Net interest income $ 216.05 million
Provision for loan and lease losses $ 9.41 million
Total non interest income $ 23.25 million
Total non interest expense $ 102.14 million
Pre-tax Net Operating Income $ 48.18 million

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Branches

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Farmers & Merchants Bank of Central California Locations