Farmers and Merchants Bank of Ashland

Headquarters

1501 Silver Street
Ashland, NE 68003
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.70% →
1-Year CD 0.35% 0.71% →
2-Year CD 0.80% 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Farmers and Merchants Bank of Ashland is an FDIC insured institution located in Ashland, NE. It was founded in 1883 and has approximately $0.1 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 5377
Date Established 1883
Assets $ 98.28 million
Loans $ 61.60 million
Deposits $ 79.10 million
Capital $ 9.45 million
 

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

Deposit Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.95% $10,000 $14,999 Learn More
30 Mo CD
0.95% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - January 26, 2021

Your Current Location: Connecticut, CT 06828

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

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 2021

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Payment
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NMLS ID: 1168
2.571% 2.500% 1.00 $2,345 $988 Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.576% 2.500% 1.00 $2,500 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
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Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Farmers and Merchants Bank of Ashland
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmers and Merchants Bank of Ashland 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 of Ashland Locations


Financial Details

Farmers and Merchants Bank of Ashland Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and Merchants Bank of Ashland. 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 of Ashland U.S. Bank Average
0% 6.14%

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 September 30, 2020, Farmers and Merchants Bank of Ashland had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,446,000 in equity and $670,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Farmers and Merchants Bank of Ashland U.S. Bank Average
9.3% 9.23%

Farmers and Merchants Bank of Ashland has a Return on Equity of 9.3% versus the BestCashCow average of 9.23%. 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 of Ashland U.S. Bank Average
9.61% 12.07%

Farmers and Merchants Bank of Ashland has a Capitalization of 9.61% versus the BestCashCow average of 12.07. 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 of Ashland Balance Sheet Analysis

As of September 30, 2020, Farmers and Merchants Bank of Ashland had assets of $98,276,000, loans of $61,599,000, and deposits of $79,104,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 10.71 million
Interest-bearing balances $ 8.70 million
Total securities $ 10.51 million
Federal funds sold and reverse repurchase $ 10.17 million
Net loans and leases $ 61.60 million
Loan loss allowance $ 0.67 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 $ 4.50 million
     Total Assets $ 88.83 million
LIABILITIES
Total deposits $ 79.10 million
      Interest-bearing deposits $ 56.43 million
      Deposits held in domestic offices $ 79.10 million
      % insured (estimated) 82.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.00 million
Subordinated debt N.A.
All other liabilities $ 1.73 million
      Total Liabilities $ 88.83 million
      Shareholders’ Equity $ 9.45 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.80 million
Total Interest Expense $ 0.17 million
Net interest income $ 2.63 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.24 million
Total non interest expense $ 2.02 million
Pre-tax Net Operating Income $ 0.80 million

Bank Loan Profile?

The top three loan types in Farmers and Merchants Bank of Ashland’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Nebraska, Farmers and Merchants Bank of Ashland has a significantly higher percent of 1-4 Family Residential Loans, Small Business 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 35.76
Multifamily
Mortgages
2.95
Credit Card Loans 0.46
Consumer Auto Loans 0.72
Small Business Loans 5.59
Construction and Development Loans 5.26
Commercial Real Estate 7.98
Commercial and Industrial Loans 8.40
Farm Loans 18.36

Frequently Asked Questions About Farmers And Merchants Bank Of Ashland

Branches and Savings

Is Farmers And Merchants Bank Of Ashland FDIC insured?

Yes. It is covered under FDIC Certificate #5377.

Why does Farmers And Merchants Bank Of Ashland 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 Of Ashland CD rates not competitive?

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

Is Farmers And Merchants Bank Of Ashland a commercial bank?

Yes

Where are Farmers And Merchants Bank Of Ashland locations?

See branch locations nearby.

Is Farmers And Merchants Bank Of Ashland open on Saturdays?

Is Farmers And Merchants Bank Of Ashland open on Sundays?

What time does Farmers And Merchants Bank Of Ashland open?

What time does Farmers And Merchants Bank Of Ashland close?

Are Farmers And Merchants Bank Of Ashland ATMs Open 24/7?

Do Farmers And Merchants Bank Of Ashland ATMs accept cash deposits?

Can Farmers And Merchants Bank Of Ashland customers use other ATMs?

Do Farmers And Merchants Bank Of Ashland branches have notaries?

Will Farmers And Merchants Bank Of Ashland notarize my document?

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

Will the Farmers And Merchants Bank Of Ashland branch print checks?

Do Farmers And Merchants Bank Of Ashland checks expire?

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

Can Farmers And Merchants Bank Of Ashland close my account?

Does Farmers And Merchants Bank Of Ashland Report to credit bureaus?

Does Farmers And Merchants Bank Of Ashland Use Equifax?

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

What is Farmers And Merchants Bank Of Ashland's SWIFT code?

Products

Does Farmers And Merchants Bank Of Ashland offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers And Merchants Bank Of Ashland offer personal loans?

Compare personal loan rates here.

Does Farmers And Merchants Bank Of Ashland offer student loans?

Will Farmers And Merchants Bank Of Ashland cash a check?

Will Farmers And Merchants Bank Of Ashland redeem a savings bond?

Does Farmers And Merchants Bank Of Ashland cash savings bonds?

Will Farmers And Merchants Bank Of Ashland cash money orders?

Can Farmers And Merchants Bank Of Ashland issue a money order?

Does Farmers And Merchants Bank Of Ashland do currency exchange?

Background on The Bank

Who owns Farmers And Merchants Bank Of Ashland?

How long has Farmers And Merchants Bank Of Ashland been around?

Can Farmers And Merchants Bank Of Ashland transfer to other banks?

Does Farmers And Merchants Bank Of Ashland have quick pay?

Does Farmers And Merchants Bank Of Ashland accept rolled coins?

Will Farmers And Merchants Bank Of Ashland accept loose change?

Where is Farmers And Merchants Bank Of Ashland headquarters?

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