Farmers & Merchants Bank & Trust


Farmers & Merchants Bank & Trust is an FDIC insured institution headquartered at 221 Jefferson St, Burlington, IA 52601.
It was founded in 1916 and has approximately $0 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - May 4, 2024

SAVINGS RATES APY MIN
Savings
0.10% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.19% $10,000 Compare
6 Mo CD
0.19% $100,000 Compare
12 Mo CD
0.21% $10,000 Compare
12 Mo CD
0.21% $100,000 Compare
18 Mo CD
0.25% $10,000 Compare
18 Mo CD
0.25% $100,000 Compare
24 Mo CD
0.28% $10,000 Compare
24 Mo CD
0.28% $100,000 Compare
30 Mo CD
0.32% $10,000 Compare
30 Mo CD
0.32% $100,000 Compare
36 Mo CD
0.37% $10,000 Compare
36 Mo CD
0.37% $100,000 Compare
48 Mo CD
0.50% $10,000 Compare
48 Mo CD
0.50% $100,000 Compare
60 Mo CD
0.62% $10,000 Compare
60 Mo CD
0.62% $100,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.10% $1
INT CHECKING RATES APY MIN
Int Ckg
0.25% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13737
Date Established 1916
Assets $ 233.59 million
Loans $ 120.51 million
Deposits $ 207.30 million
Capital $ 10.92 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 5.01 million
Interest-bearing balances $ 2.56 million
Total securities $ 88.38 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 120.51 million
Loan loss allowance $ 1.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.00 million
Goodwill and other intangibles N.A.
All other assets $ 15.24 million
     Total Assets $ 222.67 million

LIABILITIES
Total deposits $ 207.30 million
      Interest-bearing deposits $ 178.47 million
      Deposits held in domestic offices $ 207.30 million
      % insured (estimated) 78.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.20 millionn
      Total Liabilities $ 222.67 million
      Shareholders’ Equity $ 10.92 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 7.49 million
Total Interest Expense $ 2.04 million
Net interest income $ 5.45 million
Provision for loan and lease losses $ 0.07 million
Total non interest income $ 3.46 million
Total non interest expense $ 8.89 million
Pre-tax Net Operating Income $ 0.91 million

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Branches

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Farmers & Merchants Bank & Trust Locations