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Mechanics & Farmers Bank

Mechanics & Farmers Bank is an FDIC insured institution headquartered at 116 W Parrish St, Durham, NC 27701.
It was founded in 1908 and has approximately $0 billion in assets. Customers can open an account at one of its 8 branches.

Deposit Rates - August 24, 2026

SAVINGS RATES	APY	MIN
Savings	0.01%	$2,500	Compare

CD RATES	APY	MIN
6 Mo CD	0.05%	$10,000	Compare
6 Mo CD	0.10%	$100,000	Compare
12 Mo CD	0.07%	$10,000	Compare
12 Mo CD	0.10%	$100,000	Compare
18 Mo CD	0.10%	$10,000	Compare
18 Mo CD	0.15%	$100,000	Compare
24 Mo CD	0.20%	$10,000	Compare
24 Mo CD	0.20%	$100,000	Compare
30 Mo CD	0.20%	$10,000	Compare
30 Mo CD	0.20%	$100,000	Compare
36 Mo CD	0.30%	$10,000	Compare
36 Mo CD	0.30%	$100,000	Compare
48 Mo CD	0.30%	$10,000	Compare
48 Mo CD	0.30%	$100,000	Compare
60 Mo CD	0.30%	$10,000	Compare
60 Mo CD	0.35%	$100,000	Compare

MM RATES	APY	MIN
Money Market	0.01%	$2,500	Compare
Money Market	0.02%	$10,000	Compare
Money Market	0.03%	$25,000	Compare

INT CHECKING RATES	APY	MIN
Int Ckg	0.01%	$2,500

Overview 2026

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 12266
Date Established	1908
Assets	$ 479.54 million
Loans	$ 274.53 million
Deposits	$ 405.48 million
Capital	$ 68.19 million

Summary Balance Sheet as of December 31, 2025

ASSETS
Cash & Balances due from depository institutions	$ 16.21 million
Interest-bearing balances	$ 14.02 million
Total securities	$ 163.92 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 274.53 million
Loan loss allowance	$ 4.53 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 0.08 million
All other assets	$ 17.07 million
Total Assets	$ 411.35 million

LIABILITIES
Total deposits	$ 405.48 million
Interest-bearing deposits	$ 313.61 million
Deposits held in domestic offices	$ 405.48 million
% insured (estimated)"	69.71%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	$ 0.11 million
Subordinated debt	N.A.
All other liabilities	$ 4.48 millionn
Total Liabilities	$ 411.35 million
Shareholders’ Equity	$ 68.19 million

Summary Income Statement as of December 31, 2025

INCOME AND EXPENSES
Total Interest Income	$ 25.40 million
Total Interest Expense	$ 5.62 million
Net interest income	$ 19.78 million
Provision for loan and lease losses	$ 1.20 million
Total non interest income	$ 3.06 million
Total non interest expense	$ 17.14 million
Pre-tax Net Operating Income	$ 2.41 million

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