Farmers & Merchants Bank of Colby

Headquarters

240 West Fourth Street
Colby, KS 67701
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.45% 0.67% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.80% 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 & Merchants Bank of Colby is an FDIC insured institution located in Colby, KS. It was founded in 1998 and has approximately $0.3 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 34719
Date Established 1998
Assets $ 300.41 million
Loans $ 192.17 million
Deposits $ 215.64 million
Capital $ 38.23 million
 

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

Deposit Rates - April 18, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - April 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Farmers & Merchants Bank of Colby

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 (%) Points Fees Monthly
Payment
Learn More
Test Advertiser QA
NMLS ID:
2.432% 2.375% 0.75 $1,875 $972 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Test Advertiser QA
Test Advertiser QA
See Table
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
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

Note to Farmers & Merchants Bank of Colby
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Farmers & Merchants Bank of Colby 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 & Merchants Bank of Colby Locations


Financial Details

Farmers & Merchants Bank of Colby Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers & Merchants Bank of Colby. 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 & Merchants Bank of Colby U.S. Bank Average
0.27% 5.49%

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 December 31, 2020, Farmers & Merchants Bank of Colby had $110,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $38,232,000 in equity and $2,486,000 in loans loss reserves. That gives it a Texas Ratio of 0.27%.

Return on Equity
Farmers & Merchants Bank of Colby U.S. Bank Average
11.52% 9.24%

Farmers & Merchants Bank of Colby has a Return on Equity of 11.52% versus the BestCashCow average of 9.24%. 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 & Merchants Bank of Colby U.S. Bank Average
12.73% 11.96%

Farmers & Merchants Bank of Colby has a Capitalization of 12.73% versus the BestCashCow average of 11.96. 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 & Merchants Bank of Colby Balance Sheet Analysis

As of December 31, 2020, Farmers & Merchants Bank of Colby had assets of $300,408,000, loans of $192,165,000, and deposits of $215,641,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 27.15 million
Interest-bearing balances $ 22.26 million
Total securities $ 68.83 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 192.17 million
Loan loss allowance $ 2.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.47 million
All other assets $ 11.30 million
     Total Assets $ 262.18 million
LIABILITIES
Total deposits $ 215.64 million
      Interest-bearing deposits $ 187.39 million
      Deposits held in domestic offices $ 215.64 million
      % insured (estimated) 79.94%
Federal funds purchased and repurchase agreements $ 15.75 million
Trading liabilities N.A.
Other borrowed funds $ 29.56 million
Subordinated debt N.A.
All other liabilities $ 1.23 million
      Total Liabilities $ 262.18 million
      Shareholders’ Equity $ 38.23 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 12.14 million
Total Interest Expense $ 2.37 million
Net interest income $ 9.77 million
Provision for loan and lease losses $ 1.35 million
Total non interest income $ 0.63 million
Total non interest expense $ 3.96 million
Pre-tax Net Operating Income $ 5.08 million

Bank Loan Profile?

The top three loan types in Farmers & Merchants Bank of Colby’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Farmers & Merchants Bank of Colby’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 1.77
Multifamily
Mortgages
0.07
Credit Card Loans 0.00
Consumer Auto Loans 0.32
Small Business Loans 5.96
Construction and Development Loans 5.34
Commercial Real Estate 20.16
Commercial and Industrial Loans 15.80
Farm Loans 20.36

Frequently Asked Questions About Farmers & Merchants Bank Of Colby

Branches and Savings

Is Farmers & Merchants Bank Of Colby FDIC insured?

Yes. It is covered under FDIC Certificate #34719.

Why does Farmers & Merchants Bank Of Colby pay such low interest on savings accounts?

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

Why are Farmers & Merchants Bank Of Colby CD rates not competitive?

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

Is Farmers & Merchants Bank Of Colby a commercial bank?

Yes

Where are Farmers & Merchants Bank Of Colby locations?

See branch locations nearby.

Is Farmers & Merchants Bank Of Colby open on Saturdays?

Is Farmers & Merchants Bank Of Colby open on Sundays?

What time does Farmers & Merchants Bank Of Colby open?

What time does Farmers & Merchants Bank Of Colby close?

Are Farmers & Merchants Bank Of Colby ATMs Open 24/7?

Do Farmers & Merchants Bank Of Colby ATMs accept cash deposits?

Can Farmers & Merchants Bank Of Colby customers use other ATMs?

Do Farmers & Merchants Bank Of Colby branches have notaries?

Will Farmers & Merchants Bank Of Colby notarize my document?

What address for Farmers & Merchants Bank Of Colby should I put for incoming ACH transfers?

Will the Farmers & Merchants Bank Of Colby branch print checks?

Do Farmers & Merchants Bank Of Colby checks expire?

Does Farmers & Merchants Bank Of Colby require US citizenship to open account?

Can Farmers & Merchants Bank Of Colby close my account?

Does Farmers & Merchants Bank Of Colby Report to credit bureaus?

Does Farmers & Merchants Bank Of Colby Use Equifax?

What is Farmers & Merchants Bank Of Colby's ACH Routing Number?

What is Farmers & Merchants Bank Of Colby's SWIFT code?

Products

Does Farmers & Merchants Bank Of Colby offer mortgages?

Compare mortgage rates here.

Does Farmers & Merchants Bank Of Colby offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers & Merchants Bank Of Colby offer personal loans?

Compare personal loan rates here.

Does Farmers & Merchants Bank Of Colby offer student loans?

Will Farmers & Merchants Bank Of Colby cash a check?

Will Farmers & Merchants Bank Of Colby redeem a savings bond?

Does Farmers & Merchants Bank Of Colby cash savings bonds?

Will Farmers & Merchants Bank Of Colby cash money orders?

Can Farmers & Merchants Bank Of Colby issue a money order?

Does Farmers & Merchants Bank Of Colby do currency exchange?

Background on The Bank

Who owns Farmers & Merchants Bank Of Colby?

How long has Farmers & Merchants Bank Of Colby been around?

Can Farmers & Merchants Bank Of Colby transfer to other banks?

Does Farmers & Merchants Bank Of Colby have quick pay?

Does Farmers & Merchants Bank Of Colby accept rolled coins?

Will Farmers & Merchants Bank Of Colby accept loose change?

Where is Farmers & Merchants Bank Of Colby headquarters?

Customer Reviews for Farmers & Merchants Bank of Colby

There are currently no comments for Farmers & Merchants Bank of Colby. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →