Banks | Farmers & Merchants Bank of Colby

Farmers & Merchants Bank of Colby


Farmers & Merchants Bank of Colby is an FDIC insured institution headquartered at 240 W 4th St, Colby, KS 67701.
It was founded in 1998 and has approximately $1 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - May 3, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.45% $10,000 Compare
12 Mo CD
0.45% $100,000 Compare
18 Mo CD
0.55% $10,000 Compare
18 Mo CD
0.55% $100,000 Compare
24 Mo CD
0.60% $10,000 Compare
24 Mo CD
0.60% $100,000 Compare
36 Mo CD
0.70% $10,000 Compare
36 Mo CD
0.70% $100,000 Compare
48 Mo CD
0.75% $10,000 Compare
48 Mo CD
0.75% $100,000 Compare
60 Mo CD
0.80% $10,000 Compare
60 Mo CD
0.80% $100,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34719
Date Established 1998
Assets $ 511.72 million
Loans $ 341.76 million
Deposits $ 390.16 million
Capital $ 55.95 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 8.86 million
Interest-bearing balances $ 1.60 million
Total securities $ 98.63 million
Federal funds sold and reverse repurchase $ 20.47 million
Net loans and leases $ 341.76 million
Loan loss allowance $ 2.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles $ 6.88 million
All other assets $ 16.08 million
     Total Assets $ 455.77 million

LIABILITIES
Total deposits $ 390.16 million
      Interest-bearing deposits $ 347.22 million
      Deposits held in domestic offices $ 390.16 million
      % insured (estimated) 74.35%
Federal funds purchased and repurchase agreements $ 16.21 million
Trading liabilities N.A.
Other borrowed funds $ 34.53 million
Subordinated debt N.A.
All other liabilities $ 1.43 millionn
      Total Liabilities $ 455.77 million
      Shareholders’ Equity $ 55.95 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 25.18 million
Total Interest Expense $ 10.04 million
Net interest income $ 15.14 million
Provision for loan and lease losses $ 0.60 million
Total non interest income $ 0.93 million
Total non interest expense $ 8.66 million
Pre-tax Net Operating Income $ 4.55 million

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