Farmers & Merchants Bank & Trust

221 Jefferson Street
Burlington, IA 52601

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13737
Date Established 1916
Assets $0.19 billion
Loans $0.13 billion
Deposits $0.16 billion
Capital $0.02 billion

Farmers & Merchants Bank & Trust is an FDIC insured institution located in Burlington, IA. It was founded in 1916 and has approximately $0.19 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of Farmers & Merchants Bank & Trust'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 & Merchants Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Iowa, Farmers & Merchants Bank & Trust has a significantly higher percent of 1-4 Family Residential 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 45.11
Multifamily
Mortgages
0.38
Credit Card Loans 0.00
Consumer Auto Loans 1.98
Small Business Loans 11.14
Construction and Development Loans 3.27
Commercial Real Estate 16.61
Commercial and Industrial Loans 12.03
Farm Loans 10.16

Deposit Rates - June 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
3 Mo CD
0.14% $500 - Learn MoreShow Less
6 Mo CD
0.19% $500 - Learn MoreShow Less
Special: 11 Mo CD
2.07% $500 - Learn MoreShow Less
12 Mo CD
0.21% $500 - Learn MoreShow Less
Special: 17 Mo CD
2.27% $500 - Learn MoreShow Less
18 Mo CD
0.25% $500 - Learn MoreShow Less
24 Mo CD
0.28% $500 - Learn MoreShow Less
30 Mo CD
0.32% $500 - Learn MoreShow Less
36 Mo CD
0.37% $500 - Learn MoreShow Less
48 Mo CD
0.50% $500 - Learn MoreShow Less
60 Mo CD
0.62% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.21% $500 - Learn MoreShow Less
Special: 11 Mo FIRA
2.07% $500 - Learn MoreShow Less
Special: 17 Mo FIRA
2.27% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
10.47% $1 $1,000 Learn MoreShow Less
Int Ckg
1.51% $1,001 - Learn MoreShow Less

Loan Rates - June 16, 2019

Your Current Location: Virginia, VA 20146

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

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

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

Branches

Farmers & Merchants Bank & Trust 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 & Merchants Bank & Trust Locations


Financial Details

Farmers & Merchants Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers & Merchants Bank & Trust. 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 & Trust U.S. Bank Average
12.41% 6.97%

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 December 31, 2018, Farmers & Merchants Bank & Trust had $2,291,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,119,000 in equity and $1,341,000 in loans loss reserves. That gives it a Texas Ratio of 12.41%.

Return on Equity
Farmers & Merchants Bank & Trust U.S. Bank Average
2.05% 8.80%

Farmers & Merchants Bank & Trust has a Return on Equity of 2.05% versus the BestCashCow average of 8.80%. 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 & Trust U.S. Bank Average
9.11% 12.29%

Farmers & Merchants Bank & Trust has a Capitalization of 9.11% versus the BestCashCow average of 12.29. 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 & Trust Balance Sheet Analysis

As of December 31, 2018, Farmers & Merchants Bank & Trust had assets of $187,868,000, loans of $131,942,000, and deposits of $162,794,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.13 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 $0.01 billion
     Total Assets $0.17 billion
LIABILITIES
Total deposits $0.16 billion
      Interest-bearing deposits $0.13 billion
      Deposits held in domestic offices $0.16 billion
      % insured (estimated) 86.59%
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 $0.17 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Farmers & Merchants Bank & Trust

Branches and Savings

Is Farmers & Merchants Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #13737.

Why does Farmers & Merchants Bank & Trust 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 & Trust CD rates not competitive?

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

Is Farmers & Merchants Bank & Trust a commercial bank?

Yes

Where are Farmers & Merchants Bank & Trust locations?

See branch locations nearby.

Is Farmers & Merchants Bank & Trust open on Saturdays?

Is Farmers & Merchants Bank & Trust open on Sundays?

What time does Farmers & Merchants Bank & Trust open?

What time does Farmers & Merchants Bank & Trust close?

Are Farmers & Merchants Bank & Trust ATMs Open 24/7?

Do Farmers & Merchants Bank & Trust ATMs accept cash deposits?

Can Farmers & Merchants Bank & Trust customers use other ATMs?

Do Farmers & Merchants Bank & Trust branches have notaries?

Will Farmers & Merchants Bank & Trust notarize my document?

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

Will the Farmers & Merchants Bank & Trust branch print checks?

Do Farmers & Merchants Bank & Trust checks expire?

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

Can Farmers & Merchants Bank & Trust close my account?

Does Farmers & Merchants Bank & Trust Report to credit bureaus?

Does Farmers & Merchants Bank & Trust Use Equifax?

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

What is Farmers & Merchants Bank & Trust's SWIFT code?

Products

Does Farmers & Merchants Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers & Merchants Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Farmers & Merchants Bank & Trust offer student loans?

Will Farmers & Merchants Bank & Trust cash a check?

Will Farmers & Merchants Bank & Trust redeem a savings bond?

Does Farmers & Merchants Bank & Trust cash savings bonds?

Will Farmers & Merchants Bank & Trust cash money orders?

Can Farmers & Merchants Bank & Trust issue a money order?

Does Farmers & Merchants Bank & Trust do currency exchange?

Background on The Bank

Who owns Farmers & Merchants Bank & Trust?

How long has Farmers & Merchants Bank & Trust been around?

Can Farmers & Merchants Bank & Trust transfer to other banks?

Does Farmers & Merchants Bank & Trust have quick pay?

Does Farmers & Merchants Bank & Trust accept rolled coins?

Will Farmers & Merchants Bank & Trust accept loose change?

Where is Farmers & Merchants Bank & Trust headquarters?

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