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The Farmers & Merchants Bank


The Farmers & Merchants Bank is an FDIC insured institution headquartered at 123 W Huron St, Berlin, WI 54923.
It was founded in 1940 and has approximately $1 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - April 25, 2025

SAVINGS RATES APY MIN
SAV
0.45% $25,000 Compare
CD RATES APY MIN
6 Mo CD
0.50% $500 Compare
8 Mo CD
4.03% $5,000 Compare
12 Mo CD
2.00% $500 Compare
13 Mo CD
4.01% $5,000 Compare
18 Mo CD
1.75% $500 Compare
23 Mo CD
3.75% $5,000 Compare
24 Mo CD
1.50% $500 Compare
36 Mo CD
1.35% $500 Compare
39 Mo CD
3.00% $5,000 Compare
48 Mo CD
1.35% $500 Compare
59 Mo CD
2.75% $5,000 Compare
60 Mo CD
1.35% $500 Compare
MM RATES APY MIN
Money Market
1.00% $15,000 Compare
Money Market
2.53% $500,000 Compare
INT CHECKING RATES APY MIN
INTCK
0.20% $25,000

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15779
Date Established 1940
Assets $ 937.21 million
Loans $ 731.25 million
Deposits $ 796.80 million
Capital $ 70.44 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 26.71 million
Interest-bearing balances $ 23.13 million
Total securities $ 148.63 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 731.25 million
Loan loss allowance $ 8.02 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.89 million
All other assets $ 22.10 million
     Total Assets $ 866.76 million

LIABILITIES
Total deposits $ 796.80 million
      Interest-bearing deposits $ 739.99 million
      Deposits held in domestic offices $ 796.80 million
      % insured (estimated)" 94.45%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 95.00 million
Subordinated debt N.A.
All other liabilities $ 1.60 millionn
      Total Liabilities $ 866.76 million
      Shareholders’ Equity $ 70.44 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 53.09 million
Total Interest Expense $ 26.47 million
Net interest income $ 26.62 million
Provision for loan and lease losses $ 2.80 million
Total non interest income $ 2.01 million
Total non interest expense $ 14.84 million
Pre-tax Net Operating Income $ 5.53 million

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