Farmers & Merchants Bank of Hutsonville


Farmers & Merchants Bank of Hutsonville is an FDIC insured institution headquartered at 108 S Main St, Hutsonville, IL 62433.
It was founded in 1920 and has approximately $0 billion in assets. Customers can open an account at one of its 1 branches.

Deposit Rates - May 3, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.20% $10,000 Compare
6 Mo CD
0.20% $100,000 Compare
12 Mo CD
0.35% $10,000 Compare
12 Mo CD
0.35% $100,000 Compare
18 Mo CD
0.35% $10,000 Compare
18 Mo CD
0.35% $100,000 Compare
24 Mo CD
0.50% $10,000 Compare
24 Mo CD
0.50% $100,000 Compare
30 Mo CD
0.50% $10,000 Compare
30 Mo CD
0.50% $100,000 Compare
36 Mo CD
0.80% $10,000 Compare
36 Mo CD
0.80% $100,000 Compare
48 Mo CD
0.90% $10,000 Compare
48 Mo CD
0.90% $100,000 Compare
60 Mo CD
1.11% $10,000 Compare
60 Mo CD
1.11% $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 # 10469
Date Established 1920
Assets $ 51.93 million
Loans $ 34.38 million
Deposits $ 43.12 million
Capital $ 8.77 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 8.30 million
Interest-bearing balances $ 6.81 million
Total securities $ 5.90 million
Federal funds sold and reverse repurchase $ 0.87 million
Net loans and leases $ 34.38 million
Loan loss allowance $ 0.10 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.34 million
     Total Assets $ 43.16 million

LIABILITIES
Total deposits $ 43.12 million
      Interest-bearing deposits $ 37.11 million
      Deposits held in domestic offices $ 43.12 million
      % insured (estimated) 86.83%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.04 millionn
      Total Liabilities $ 43.16 million
      Shareholders’ Equity $ 8.77 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 2.10 million
Total Interest Expense $ 0.54 million
Net interest income $ 1.57 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.09 million
Total non interest expense $ 1.08 million
Pre-tax Net Operating Income $ 0.27 million

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Farmers & Merchants Bank of Hutsonville Locations