Farmers & Merchants Bank of Craig County


Farmers & Merchants Bank of Craig County is an FDIC insured institution headquartered at 189 Main St, New Castle, VA 24127.
It was founded in 1917 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - March 29, 2026





Overview 2026

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9986
Date Established 1917
Assets $ 90.66 million
Loans $ 57.28 million
Deposits $ 74.90 million
Capital $ 15.37 million

Summary Balance Sheet as of September 30, 2025

ASSETS
Cash & Balances due from depository institutions $ 2.82 million
Interest-bearing balances $ 0.78 million
Total securities $ 28.06 million
Federal funds sold and reverse repurchase $ 0.19 million
Net loans and leases $ 57.28 million
Loan loss allowance $ 0.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles N.A.
All other assets $ 0.49 million
     Total Assets $ 75.29 million

LIABILITIES
Total deposits $ 74.90 million
      Interest-bearing deposits $ 54.59 million
      Deposits held in domestic offices $ 74.90 million
      % insured (estimated)" 91.80%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.17 millionn
      Total Liabilities $ 75.29 million
      Shareholders’ Equity $ 15.37 million

Summary Income Statement as of September 30, 2025

INCOME AND EXPENSES
Total Interest Income $ 2.98 million
Total Interest Expense $ 0.79 million
Net interest income $ 2.19 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.14 million
Total non interest expense $ 1.47 million
Pre-tax Net Operating Income $ 0.36 million

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Farmers & Merchants Bank of Craig County Locations