Farmers & Merchants Savings Bank is an FDIC insured institution headquartered at
101 E Main St, Manchester, IA 52057.
It was founded in
1925 and has approximately $1 billion in
assets. Customers can open an account at one of its 11 branches.
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
Savings
|
0.20% | $2,500 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
0.45% | $10,000 | Compare |
|
6 Mo CD
|
0.55% | $100,000 | Compare |
|
12 Mo CD
|
0.55% | $10,000 | Compare |
|
12 Mo CD
|
0.75% | $100,000 | Compare |
|
Special: 18 Mo CD
|
0.50% | $10,000 | Compare |
|
18 Mo CD
|
0.55% | $10,000 | Compare |
|
Special: 18 Mo CD
|
0.55% | $50,000 | Compare |
|
Special: 18 Mo CD
|
0.60% | $100,000 | Compare |
|
18 Mo CD
|
0.75% | $100,000 | Compare |
|
24 Mo CD
|
0.70% | $10,000 | Compare |
|
24 Mo CD
|
0.90% | $100,000 | Compare |
|
30 Mo CD
|
0.70% | $10,000 | Compare |
|
30 Mo CD
|
0.90% | $100,000 | Compare |
|
Special: 36 Mo CD
|
1.41% | $10,000 | Compare |
|
36 Mo CD
|
0.80% | $10,000 | Compare |
|
Special: 36 Mo CD
|
1.51% | $25,000 | Compare |
|
36 Mo CD
|
1.00% | $100,000 | Compare |
|
48 Mo CD
|
1.05% | $10,000 | Compare |
|
48 Mo CD
|
1.26% | $100,000 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.10% | $2,500 | Compare |
|
Money Market
|
0.10% | $10,000 | Compare |
|
Money Market
|
0.10% | $25,000 | Compare |
| FIXED IRA RATES | APY | MIN |
|---|---|---|
|
Special: 18 Mo FIRA
|
0.50% | $10,000 |
|
Special: 18 Mo FIRA
|
0.55% | $50,000 |
|
Special: 18 Mo FIRA
|
0.60% | $100,000 |
|
Special: 36 Mo FIRA
|
1.41% | $10,000 |
|
Special: 36 Mo FIRA
|
1.51% | $25,000 |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
Int Ckg
|
0.15% | $2,500 |
|
7.490 %
|
$0 |
New American Funding, LLC NMLS ID: 6606 / Updated 2024-05-04 |
Cash-Out and Home Equity Options Available. | $0 |
| HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. | $0 |
AmeriSave Mortgage Corporation NMLS ID: 1168 / Updated 2024-05-04 |
Home Equity Lines, Refinance, & Second Mortgages | $0 |
Rocket Mortgage NMLS ID: 3030 |
7.451% |
$2,211
Fees & Points
$2,400 Total
0.750 Pts ($2,400) $0 Fees |
CrossCountry Mortgage NMLS ID: 3029 |
Fees & Points
Total
Pts ($0) $0 Fees |
FHAloans.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
MortgageResearch.com NMLS ID: Not a Lender |
Fees & Points
Total
Pts ($0) $0 Fees |
Neighbors Bank NMLS ID: 491986 |
Fees & Points
Total
Pts ($0) $0 Fees |
| FDIC Insured | Yes |
| FDIC Certificate | # 9298 |
| Date Established | 1925 |
| Assets | $ 597.08 million |
| Loans | $ 419.19 million |
| Deposits | $ 524.21 million |
| Capital | $ 68.66 million |
| ASSETS | |
| Cash & Balances due from depository institutions | $ 25.63 million |
| Interest-bearing balances | $ 3.67 million |
| Total securities | $ 131.83 million |
| Federal funds sold and reverse repurchase | $ 2.73 million |
| Net loans and leases | $ 419.19 million |
| Loan loss allowance | $ 6.68 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 1.50 million |
| All other assets | $ 10.34 million |
| Total Assets | $ 528.42 million |
| LIABILITIES | |
| Total deposits | $ 524.21 million |
| Interest-bearing deposits | $ 366.34 million |
| Deposits held in domestic offices | $ 524.21 million |
| % insured (estimated) | 65.02% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 3.10 millionn |
| Total Liabilities | $ 528.42 million |
| Shareholders’ Equity | $ 68.66 million |
| INCOME AND EXPENSES | |
| Total Interest Income | $ 27.90 million |
| Total Interest Expense | $ 7.79 million |
| Net interest income | $ 20.12 million |
| Provision for loan and lease losses | $ 1.33 million |
| Total non interest income | $ 2.62 million |
| Total non interest expense | $ 12.16 million |
| Pre-tax Net Operating Income | $ 3.43 million |
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