Farmers and Merchants Bank

402 Main St
Axtell, NE 68924

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 17444
Date Established 1907
Assets $0.01 billion
Loans $0.00 billion
Deposits $0.01 billion
Capital $0.00 billion

Farmers and Merchants Bank is an FDIC insured institution located in Axtell, NE. It was founded in 1907 and has approximately $0.01 billion in assets.

For a more detailed analysis of Farmers and Merchants Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $5,000 - Learn MoreShow Less
6 Mo CD
0.15% $2,500 - Learn MoreShow Less
12 Mo CD
0.20% $2,500 - Learn MoreShow Less
24 Mo CD
0.30% $2,500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
Var IRA
1.00% $2,500 - Learn MoreShow Less

Loan Rates - October 14, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers and Merchants Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.643% 3.625% 0.25 $560 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Farmers and Merchants Bank
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Branches

Farmers and 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:
Fairfield,Connecticut


Farmers and Merchants Bank Locations


Financial Details

Farmers and Merchants Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and 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 and Merchants Bank U.S. Bank Average
0.23% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Farmers and Merchants Bank had $2,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $831,000 in equity and $36,000 in loans loss reserves. That gives it a Texas Ratio of 0.23%.

Return on Equity
Farmers and Merchants Bank U.S. Bank Average
1.29% 9.50%

Farmers and Merchants Bank has a Return on Equity of 1.29% versus the BestCashCow average of 9.50%. 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 and Merchants Bank U.S. Bank Average
9.36% 12.76%

Farmers and Merchants Bank has a Capitalization of 9.36% versus the BestCashCow average of 12.76. 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 and Merchants Bank Balance Sheet Analysis

As of June 30, 2019, Farmers and Merchants Bank had assets of $8,881,000, loans of $1,279,000, and deposits of $8,049,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.00 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.01 billion
LIABILITIES
Total deposits $0.01 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.01 billion
      % insured (estimated) 79.42%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.01 billion
      Shareholders’ Equity $0.00 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $-0.00 billion

Bank Loan Profile?

The top three loan types in Farmers and Merchants Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Consumer Auto Loans.

Compared to other banks in Nebraska, Farmers and Merchants Bank has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial Loans 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 2.50
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 12.35
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 27.68
Farm Loans 39.09

Frequently Asked Questions About Farmers And Merchants Bank

Branches and Savings

Is Farmers And Merchants Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17444.

Why does Farmers And Merchants Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Farmers And Merchants Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Farmers And Merchants Bank a commercial bank?

Yes

Where are Farmers And Merchants Bank locations?

See branch locations nearby.

Is Farmers And Merchants Bank open on Saturdays?

Is Farmers And Merchants Bank open on Sundays?

What time does Farmers And Merchants Bank open?

What time does Farmers And Merchants Bank close?

Are Farmers And Merchants Bank ATMs Open 24/7?

Do Farmers And Merchants Bank ATMs accept cash deposits?

Can Farmers And Merchants Bank customers use other ATMs?

Do Farmers And Merchants Bank branches have notaries?

Will Farmers And Merchants Bank notarize my document?

What address for Farmers And Merchants Bank should I put for incoming ACH transfers?

Will the Farmers And Merchants Bank branch print checks?

Do Farmers And Merchants Bank checks expire?

Does Farmers And Merchants Bank require US citizenship to open account?

Can Farmers And Merchants Bank close my account?

Does Farmers And Merchants Bank Report to credit bureaus?

Does Farmers And Merchants Bank Use Equifax?

What is Farmers And Merchants Bank's ACH Routing Number?

What is Farmers And Merchants Bank's SWIFT code?

Products

Does Farmers And Merchants Bank offer mortgages?

Compare mortgage rates here.

Does Farmers And Merchants Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers And Merchants Bank offer personal loans?

Compare personal loan rates here.

Does Farmers And Merchants Bank offer student loans?

Will Farmers And Merchants Bank cash a check?

Will Farmers And Merchants Bank redeem a savings bond?

Does Farmers And Merchants Bank cash savings bonds?

Will Farmers And Merchants Bank cash money orders?

Can Farmers And Merchants Bank issue a money order?

Does Farmers And Merchants Bank do currency exchange?

Background on The Bank

Who owns Farmers And Merchants Bank?

How long has Farmers And Merchants Bank been around?

Can Farmers And Merchants Bank transfer to other banks?

Does Farmers And Merchants Bank have quick pay?

Does Farmers And Merchants Bank accept rolled coins?

Will Farmers And Merchants Bank accept loose change?

Where is Farmers And Merchants Bank headquarters?

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