Farmers & Merchants Bank
Headquarters
41 S 1st St
Miamisburg, OH 45342
See all branch locations →
ACH 042213389
Phone 937-866-2455
2024 Overview
General Bank Information
Farmers & Merchants Bank is an FDIC insured institution located in Miamisburg, OH. It was founded in 1923 and has approximately $0.33 billion in assets. Customers can open an account at one of its 4 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 9462 |
| Date Established | 1923 |
| Assets | $ 334.54 million |
| Loans | $ 240.60 million |
| Deposits | $ 280.98 million |
| Capital | $ 27.45 million |
For a more detailed analysis of Farmers & Merchants Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.25% | $50,000 | - |
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|
| Super Saver Savings
|
3.82% | $100,000 | - |
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|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 3 Mo CD
|
0.50% | $1,000 | - |
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|
| 6 Mo CD
|
4.06% | $1,000 | - |
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|
| 12 Mo CD
|
4.06% | $1,000 | - |
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|
| Jumbo CDs ($100,000+)
|
5.09% | $100,000 | - |
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|
| 18 Mo CD
|
3.80% | $1,000 | - |
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|
| 24 Mo CD
|
3.80% | $1,000 | - |
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|
| 36 Mo CD
|
3.80% | $1,000 | - |
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|
| 48 Mo CD
|
3.80% | $1,000 | - |
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|
| 60 Mo CD
|
3.80% | $1,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.25% | $10,000 | - | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Farmers & Merchants Bank
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% |
6.375% 0.75 points $4,000 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.868% |
6.750% 1.00 points $3,884 fees |
$2,076 | Learn More |
NMLS ID: 1907 |
7.181% |
7.125% 0.63 points $1,802 fees |
$2,156 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Farmers & Merchants Bank
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Branches
Farmers & Merchants Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Farmers & Merchants Bank Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 68.01 | A | View Lobby Hours | |
| 71.76 | B | View Lobby Hours | |
| 77.60 | C | View Lobby Hours |
Climate Policy and Initiatives
Farmers & Merchants Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Farmers & Merchants Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Farmers & Merchants Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Farmers & Merchants Bank | U.S. Bank Average |
|---|---|
| 0.18% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Farmers & Merchants Bank had $57,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $27,454,000 in equity and $3,471,000 in loans loss reserves. That gives it a Texas Ratio of 0.18%.
Return on Equity
| Farmers & Merchants Bank | U.S. Bank Average |
|---|---|
| 16.12% | 10.46% |
Farmers & Merchants Bank has a Return on Equity of 16.12% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Farmers & Merchants Bank | U.S. Bank Average |
|---|---|
| 8.21% | 10.84% |
Farmers & Merchants Bank has a Capitalization of 8.21% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Farmers & Merchants Bank Balance Sheet Analysis
As of June 30, 2024, Farmers & Merchants Bank had assets of $334,538,000, loans of $240,601,000, and deposits of $280,975,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 2.99 million |
| Interest-bearing balances | $ 0.23 million |
| Total securities | $ 55.00 million |
| Federal funds sold and reverse repurchase | $ 23.75 million |
| Net loans and leases | $ 240.60 million |
| Loan loss allowance | $ 3.47 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 | $ 6.73 million |
| Total Assets | $ 307.08 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 280.98 million |
| Interest-bearing deposits | $ 185.13 million |
| Deposits held in domestic offices | $ 280.98 million |
| % insured (estimated) | 72.61% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 12.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.85 million |
| Total Liabilities | $ 307.08 million |
| Shareholders’ Equity | $ 27.45 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 8.47 million |
| Total Interest Expense | $ 2.60 million |
| Net interest income | $ 5.86 million |
| Provision for loan and lease losses | $ 0.09 million |
| Total non interest income | $ 0.59 million |
| Total non interest expense | $ 3.70 million |
| Pre-tax Net Operating Income | $ 1.81 million |
Bank Loan Profile?
The top three loan types in Farmers & Merchants Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.
Compared to other banks in Ohio, Farmers & Merchants Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 14.66 | ✓ | ||
| Multifamily Mortgages |
1.51 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.36 | ✓ | ||
| Small Business Loans | 24.75 | ✓ | ||
| Construction and Development Loans | 2.54 | ✓ | ||
| Commercial Real Estate | 43.77 | ✓ | ||
| Commercial and Industrial Loans | 7.53 | ✓ | ||
| Farm Loans | 1.14 | ✓ | ||
*Should any logos, images or public notes appear on this page,they do so courtesy of Farmers & Merchants Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
Customer Reviews for Farmers & Merchants Bank
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