The Farmers & Merchants Bank
Headquarters
708 S Main St
Stuttgart, AR 72160
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2024 Overview
General Bank Information
The Farmers & Merchants Bank is an FDIC insured institution located in Stuttgart, AR. It was founded in 1945 and has approximately $1.85 billion in assets. Customers can open an account at one of its 19 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 16216 |
| Date Established | 1945 |
| Assets | $ 1,852.13 million |
| Loans | $ 1,259.53 million |
| Deposits | $ 1,469.90 million |
| Capital | $ 193.98 million |
For a more detailed analysis of The Farmers & Merchants Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
9.27% | 8.52% | $3,154.36 | |
| 30 Year Fixed Conforming See Amortization Table |
9.27% | 7.43% | $2,221.29 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
9.27% | 8.52% | $3,154.36 | |
| 30 Year Fixed Conforming See Amortization Table |
9.27% | 7.43% | $2,221.29 | |
Compare with 6.863% APR and 6.750% 30-Year Fixed RATE from Mutual of Omaha Mortgage, Inc.
See All Mortgage Rates |
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Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.
Branches
The 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
The Farmers & Merchants Bank Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 545.51 | A | View Lobby Hours | |
| 566.96 | B | View Lobby Hours | |
| 578.83 | C | View Lobby Hours | |
| 589.71 | D | View Lobby Hours | |
| 590.02 | E | View Lobby Hours | |
| 590.29 | F | View Lobby Hours | |
| 590.80 | G | View Lobby Hours | |
| 595.53 | H | View Lobby Hours | |
| 595.53 | I | View Lobby Hours | |
| 613.48 | J | View Lobby Hours | |
| 633.47 | K | View Lobby Hours | |
| 639.92 | L | View Lobby Hours | |
| 647.98 | M | View Lobby Hours | |
| 650.19 | N | View Lobby Hours | |
| 650.66 | O | View Lobby Hours | |
| 651.59 | P | View Lobby Hours | |
| 653.86 | Q | View Lobby Hours | |
| 655.17 | R | View Lobby Hours | |
| 660.62 | S | View Lobby Hours |
Climate Policy and Initiatives
The 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
The Farmers & Merchants Bank Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of The 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
| The Farmers & Merchants Bank | U.S. Bank Average |
|---|---|
| 3.34% | 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, The Farmers & Merchants Bank had $6,068,000 in non-current loans and $913,000 in owned real estate. To cover these potential losses it had $193,982,000 in equity and $15,013,000 in loans loss reserves. That gives it a Texas Ratio of 3.34%.
Return on Equity
| The Farmers & Merchants Bank | U.S. Bank Average |
|---|---|
| 7.56% | 10.46% |
The Farmers & Merchants Bank has a Return on Equity of 7.56% 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
| The Farmers & Merchants Bank | U.S. Bank Average |
|---|---|
| 10.47% | 10.84% |
The Farmers & Merchants Bank has a Capitalization of 10.47% 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.
The Farmers & Merchants Bank Balance Sheet Analysis
As of June 30, 2024, The Farmers & Merchants Bank had assets of $1,852,126,000, loans of $1,259,528,000, and deposits of $1,469,903,000. 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 | $ 38.23 million |
| Interest-bearing balances | $ 8.04 million |
| Total securities | $ 349.45 million |
| Federal funds sold and reverse repurchase | $ 31.23 million |
| Net loans and leases | $ 1,259.53 million |
| Loan loss allowance | $ 15.01 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.91 million |
| Goodwill and other intangibles | $ 52.18 million |
| All other assets | $ 82.46 million |
| Total Assets | $ 1,658.14 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,469.90 million |
| Interest-bearing deposits | $ 1,098.90 million |
| Deposits held in domestic offices | $ 1,469.90 million |
| % insured (estimated) | 72.19% |
| Federal funds purchased and repurchase agreements | $ 5.14 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 3.88 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 11.57 million |
| Total Liabilities | $ 1,658.14 million |
| Shareholders’ Equity | $ 193.98 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 42.89 million |
| Total Interest Expense | $ 18.04 million |
| Net interest income | $ 24.85 million |
| Provision for loan and lease losses | $ 0.32 million |
| Total non interest income | $ 6.83 million |
| Total non interest expense | $ 23.11 million |
| Pre-tax Net Operating Income | $ 8.88 million |
Bank Loan Profile?
The top three loan types in The Farmers & Merchants Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks, The Farmers & Merchants Bank’s loan portfolio does not show any specific loan specialty.
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 | 18.79 | ✓ | ||
| Multifamily Mortgages |
1.07 | ✓ | ||
| Credit Card Loans | 0.24 | ✓ | ||
| Consumer Auto Loans | 0.48 | ✓ | ||
| Small Business Loans | 7.79 | ✓ | ||
| Construction and Development Loans | 6.96 | ✓ | ||
| Commercial Real Estate | 28.01 | ✓ | ||
| Commercial and Industrial Loans | 10.48 | ✓ | ||
| Farm Loans | 9.74 | ✓ | ||
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