Banks | The Farmers & Merchants Bank

The Farmers & Merchants Bank


The Farmers & Merchants Bank is an FDIC insured institution headquartered at 320 Main St, Waterloo, AL 35677.
It was founded in 1914 and has approximately $0 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - April 18, 2024

SAVINGS RATES APY MIN
Savings
0.50% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
24 Mo CD
0.60% $10,000 Compare
24 Mo CD
0.60% $100,000 Compare
36 Mo CD
0.60% $10,000 Compare
36 Mo CD
0.60% $100,000 Compare
48 Mo CD
1.25% $10,000 Compare
48 Mo CD
1.25% $100,000 Compare
60 Mo CD
1.51% $10,000 Compare
60 Mo CD
1.51% $100,000 Compare
MM RATES APY MIN
Money Market
0.25% $2,500 Compare
Money Market
0.25% $10,000 Compare
Money Market
0.25% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.15% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1745
Date Established 1914
Assets $ 108.82 million
Loans $ 4.79 million
Deposits $ 98.36 million
Capital $ 9.89 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 4.62 million
Interest-bearing balances $ 2.95 million
Total securities $ 88.87 million
Federal funds sold and reverse repurchase $ 6.58 million
Net loans and leases $ 4.79 million
Loan loss allowance $ 0.17 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 $ 3.53 million
     Total Assets $ 98.92 million

LIABILITIES
Total deposits $ 98.36 million
      Interest-bearing deposits $ 75.58 million
      Deposits held in domestic offices $ 98.36 million
      % insured (estimated) 63.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.31 millionn
      Total Liabilities $ 98.92 million
      Shareholders’ Equity $ 9.89 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 3.11 million
Total Interest Expense $ 1.85 million
Net interest income $ 1.27 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.15 million
Total non interest expense $ 1.17 million
Pre-tax Net Operating Income $ 0.64 million

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