Farmers and Merchants Bank of South Carolina

8624 Old State Street
Holly Hill, SC 29059

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1660
Date Established 1912
Assets $0.33 billion
Loans $0.10 billion
Deposits $0.28 billion
Capital $0.04 billion

Farmers and Merchants Bank of South Carolina is an FDIC insured institution located in Holly Hill, SC. It was founded in 1912 and has approximately $0.33 billion in assets. Customers can open an account at one of its 8 branches.

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

Bank Loan Profile?

The top three loan types in Farmers and Merchants Bank of South Carolina’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in South Carolina, Farmers and Merchants Bank of South Carolina has a significantly higher percent of Farm 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 31.58
Multifamily
Mortgages
0.15
Credit Card Loans 0.00
Consumer Auto Loans 1.74
Small Business Loans 0.00
Construction and Development Loans 12.48
Commercial Real Estate 33.54
Commercial and Industrial Loans 6.41
Farm Loans 2.98

Deposit Rates - August 15, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $500 - Learn MoreShow Less
6 Mo CD 10K
0.10% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.35% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.35% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.25% $2,500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $1 - Learn MoreShow Less

Loan Rates - August 15, 2018

Your Current Location: Virginia, VA 20146

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

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

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Payment
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NMLS ID: 409132
4.375% 4.375% 0.00 $62 $1,249 Learn More
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NMLS ID: 1067
4.317% 4.250% 0.00 $1,995 $1,230 Learn More
HomeDirect Mortgage
NMLS ID: 420821
4.520% 4.500% 0.25 $680 $1,267 Learn More
Ally Bank
NMLS ID: 181005
4.548% 4.500% 0.25 $1,509 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.740% $291.47 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to Farmers and Merchants Bank of South Carolina
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Branches

Farmers and Merchants Bank of South Carolina 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:
Ashburn,Virginia


Farmers and Merchants Bank of South Carolina Locations

Financial Details

Farmers and Merchants Bank of South Carolina Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and Merchants Bank of South Carolina. 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 South Carolina U.S. Bank Average
10.69% 7.92%

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 March 31, 2018, Farmers and Merchants Bank of South Carolina had $3,672,000 in non-current loans and $971,000 in owned real estate. To cover these potential losses it had $41,853,000 in equity and $1,579,000 in loans loss reserves. That gives it a Texas Ratio of 10.69%.

Return on Equity
Farmers and Merchants Bank of South Carolina U.S. Bank Average
7.63% 9.35%

Farmers and Merchants Bank of South Carolina has a Return on Equity of 7.63% versus the BestCashCow average of 9.35%. 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 South Carolina U.S. Bank Average
12.8% 12.01%

Farmers and Merchants Bank of South Carolina has a Capitalization of 12.8% versus the BestCashCow average of 12.01. 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 South Carolina Balance Sheet Analysis

As of March 31, 2018, Farmers and Merchants Bank of South Carolina had assets of $327,066,000, loans of $95,250,000, and deposits of $283,900,000. 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

ASSETS
Cash & Balances due from depository institutions $0.14 billion
Interest-bearing balances $0.12 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.10 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 $0.29 billion
LIABILITIES
Total deposits $0.28 billion
      Interest-bearing deposits $0.18 billion
      Deposits held in domestic offices $0.28 billion
      % insured (estimated) 67.47%
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 $0.29 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

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

Frequently Asked Questions About Farmers And Merchants Bank Of South Carolina

Branches and Savings

Is Farmers And Merchants Bank Of South Carolina FDIC insured?

Yes. It is covered under FDIC Certificate #1660.

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

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

Is Farmers And Merchants Bank Of South Carolina a commercial bank?

Yes

Where are Farmers And Merchants Bank Of South Carolina locations?

See branch locations nearby.

Is Farmers And Merchants Bank Of South Carolina open on Saturdays?

Is Farmers And Merchants Bank Of South Carolina open on Sundays?

What time does Farmers And Merchants Bank Of South Carolina open?

What time does Farmers And Merchants Bank Of South Carolina close?

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

Do Farmers And Merchants Bank Of South Carolina ATMs accept cash deposits?

Can Farmers And Merchants Bank Of South Carolina customers use other ATMs?

Do Farmers And Merchants Bank Of South Carolina branches have notaries?

Will Farmers And Merchants Bank Of South Carolina notarize my document?

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

Will the Farmers And Merchants Bank Of South Carolina branch print checks?

Do Farmers And Merchants Bank Of South Carolina checks expire?

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

Can Farmers And Merchants Bank Of South Carolina close my account?

Does Farmers And Merchants Bank Of South Carolina Report to credit bureaus?

Does Farmers And Merchants Bank Of South Carolina Use Equifax?

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

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

Products

Does Farmers And Merchants Bank Of South Carolina offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers And Merchants Bank Of South Carolina offer personal loans?

Compare personal loan rates here.

Does Farmers And Merchants Bank Of South Carolina offer student loans?

Will Farmers And Merchants Bank Of South Carolina cash a check?

Will Farmers And Merchants Bank Of South Carolina redeem a savings bond?

Does Farmers And Merchants Bank Of South Carolina cash savings bonds?

Will Farmers And Merchants Bank Of South Carolina cash money orders?

Can Farmers And Merchants Bank Of South Carolina issue a money order?

Does Farmers And Merchants Bank Of South Carolina do currency exchange?

Background on The Bank

Who owns Farmers And Merchants Bank Of South Carolina?

How long has Farmers And Merchants Bank Of South Carolina been around?

Can Farmers And Merchants Bank Of South Carolina transfer to other banks?

Does Farmers And Merchants Bank Of South Carolina have quick pay?

Does Farmers And Merchants Bank Of South Carolina accept rolled coins?

Will Farmers And Merchants Bank Of South Carolina accept loose change?

Where is Farmers And Merchants Bank Of South Carolina headquarters?

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