Farmers and Merchants Trust Company of Chambersburg

Headquarters

20 South Main Street
Chambersburg, PA 17201
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.35% 0.75% →
2-Year CD 0.45% 0.75% →
5-Year CD 0.70% 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 Trust Company of Chambersburg is an FDIC insured institution located in Chambersburg, PA. It was founded in 1906 and has approximately $1.6 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 8405
Date Established 1906
Assets $ 1,597.39 million
Loans $ 989.50 million
Deposits $ 1,441.50 million
Capital $ 139.15 million
 

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

Deposit Rates - September 19, 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
0.07% $2,500 $2,999 Learn More
Money Market
0.07% $10,000 $14,999 Learn More
Money Market
0.07% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - September 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers and Merchants Trust Company of Chambersburg

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

Lender APR Rate (%) Monthly
Payment
Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.151% 3.125%
0.38 points
$828 fees
$1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Farmers and Merchants Trust Company of Chambersburg
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmers and Merchants Trust Company of Chambersburg 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 Trust Company of Chambersburg Locations


Financial Details

Farmers and Merchants Trust Company of Chambersburg Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and Merchants Trust Company of Chambersburg. 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 Trust Company of Chambersburg U.S. Bank Average
5.69% 5.29%

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 March 31, 2021, Farmers and Merchants Trust Company of Chambersburg had $8,836,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $139,148,000 in equity and $16,136,000 in loans loss reserves. That gives it a Texas Ratio of 5.69%.

Return on Equity
Farmers and Merchants Trust Company of Chambersburg U.S. Bank Average
15.02% 11.43%

Farmers and Merchants Trust Company of Chambersburg has a Return on Equity of 15.02% versus the BestCashCow average of 11.43%. 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 Trust Company of Chambersburg U.S. Bank Average
8.71% 11.51%

Farmers and Merchants Trust Company of Chambersburg has a Capitalization of 8.71% versus the BestCashCow average of 11.51. 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 Trust Company of Chambersburg Balance Sheet Analysis

As of March 31, 2021, Farmers and Merchants Trust Company of Chambersburg had assets of $1,597,394,000, loans of $989,496,000, and deposits of $1,441,500,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 118.62 million
Interest-bearing balances $ 101.50 million
Total securities $ 422.18 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 989.50 million
Loan loss allowance $ 16.14 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 9.02 million
All other assets $ 39.96 million
     Total Assets $ 1,458.25 million
LIABILITIES
Total deposits $ 1,441.50 million
      Interest-bearing deposits $ 1,131.03 million
      Deposits held in domestic offices $ 1,441.50 million
      % insured (estimated) 89.84%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.23 million
Subordinated debt N.A.
All other liabilities $ 11.52 million
      Total Liabilities $ 1,458.25 million
      Shareholders’ Equity $ 139.15 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 12.33 million
Total Interest Expense $ 0.49 million
Net interest income $ 11.84 million
Provision for loan and lease losses N.A.
Total non interest income $ 4.16 million
Total non interest expense $ 10.50 million
Pre-tax Net Operating Income $ 6.31 million

Bank Loan Profile?

The top three loan types in Farmers and Merchants Trust Company of Chambersburg’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Pennsylvania, Farmers and Merchants Trust Company of Chambersburg has a significantly higher percent of Construction and Development 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 20.48
Multifamily
Mortgages
1.76
Credit Card Loans 0.00
Consumer Auto Loans 0.28
Small Business Loans 0.00
Construction and Development Loans 10.14
Commercial Real Estate 37.47
Commercial and Industrial Loans 13.00
Farm Loans 0.45

Frequently Asked Questions About Farmers And Merchants Trust Company Of Chambersburg

Branches and Savings

Is Farmers And Merchants Trust Company Of Chambersburg FDIC insured?

Yes. It is covered under FDIC Certificate #8405.

Why does Farmers And Merchants Trust Company Of Chambersburg 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 Trust Company Of Chambersburg CD rates not competitive?

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

Is Farmers And Merchants Trust Company Of Chambersburg a commercial bank?

Yes

Where are Farmers And Merchants Trust Company Of Chambersburg locations?

See branch locations nearby.

Is Farmers And Merchants Trust Company Of Chambersburg open on Saturdays?

Is Farmers And Merchants Trust Company Of Chambersburg open on Sundays?

What time does Farmers And Merchants Trust Company Of Chambersburg open?

What time does Farmers And Merchants Trust Company Of Chambersburg close?

Are Farmers And Merchants Trust Company Of Chambersburg ATMs Open 24/7?

Do Farmers And Merchants Trust Company Of Chambersburg ATMs accept cash deposits?

Can Farmers And Merchants Trust Company Of Chambersburg customers use other ATMs?

Do Farmers And Merchants Trust Company Of Chambersburg branches have notaries?

Will Farmers And Merchants Trust Company Of Chambersburg notarize my document?

What address for Farmers And Merchants Trust Company Of Chambersburg should I put for incoming ACH transfers?

Will the Farmers And Merchants Trust Company Of Chambersburg branch print checks?

Do Farmers And Merchants Trust Company Of Chambersburg checks expire?

Does Farmers And Merchants Trust Company Of Chambersburg require US citizenship to open account?

Can Farmers And Merchants Trust Company Of Chambersburg close my account?

Does Farmers And Merchants Trust Company Of Chambersburg Report to credit bureaus?

Does Farmers And Merchants Trust Company Of Chambersburg Use Equifax?

What is Farmers And Merchants Trust Company Of Chambersburg's ACH Routing Number?

What is Farmers And Merchants Trust Company Of Chambersburg's SWIFT code?

Products

Does Farmers And Merchants Trust Company Of Chambersburg offer mortgages?

Compare mortgage rates here.

Does Farmers And Merchants Trust Company Of Chambersburg offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers And Merchants Trust Company Of Chambersburg offer personal loans?

Compare personal loan rates here.

Does Farmers And Merchants Trust Company Of Chambersburg offer student loans?

Will Farmers And Merchants Trust Company Of Chambersburg cash a check?

Will Farmers And Merchants Trust Company Of Chambersburg redeem a savings bond?

Does Farmers And Merchants Trust Company Of Chambersburg cash savings bonds?

Will Farmers And Merchants Trust Company Of Chambersburg cash money orders?

Can Farmers And Merchants Trust Company Of Chambersburg issue a money order?

Does Farmers And Merchants Trust Company Of Chambersburg do currency exchange?

Background on The Bank

Who owns Farmers And Merchants Trust Company Of Chambersburg?

How long has Farmers And Merchants Trust Company Of Chambersburg been around?

Can Farmers And Merchants Trust Company Of Chambersburg transfer to other banks?

Does Farmers And Merchants Trust Company Of Chambersburg have quick pay?

Does Farmers And Merchants Trust Company Of Chambersburg accept rolled coins?

Will Farmers And Merchants Trust Company Of Chambersburg accept loose change?

Where is Farmers And Merchants Trust Company Of Chambersburg headquarters?

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