Farmers & Merchants Savings Bank

101 E Main Street
Manchester, IA 52057

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9298
Date Established 1925
Assets $0.54 billion
Loans $0.45 billion
Deposits $0.45 billion
Capital $0.06 billion

Farmers & Merchants Savings Bank is an FDIC insured institution located in Manchester, IA. It was founded in 1925 and has approximately $0.54 billion in assets. Customers can open an account at one of its 11 branches.

For a more detailed analysis of Farmers & Merchants Savings Bank'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 Savings Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks in Iowa, Farmers & Merchants Savings Bank has a significantly higher percent of Credit Card Loans, Commercial and Industrial 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 9.67
Multifamily
Mortgages
0.67
Credit Card Loans 0.32
Consumer Auto Loans 0.23
Small Business Loans 9.14
Construction and Development Loans 3.77
Commercial Real Estate 19.85
Commercial and Industrial Loans 39.54
Farm Loans 13.41

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $1,000 - Learn MoreShow Less
3 Mo CD 10K
0.30% $10,000 $24,999 Learn MoreShow Less
3 Mo CD 100K
0.40% $50,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Special: 18 Mo FIRA
1.71% $10,000 - Learn MoreShow Less
Special: 36 Mo FIRA
1.41% $10,000 $24,999 Learn MoreShow Less
Special: 36 Mo FIRA
1.51% $25,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.26% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.10% $1 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.15% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

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

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
4.711% 4.625% 0.50 $2,510 $1,286 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.703% 4.625% 0.38 $2,265 $1,286 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.409% 4.375% 0.00 $1,104 $1,249 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

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

Branches

Farmers & Merchants Savings Bank 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 Savings Bank Locations

Financial Details

Farmers & Merchants Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers & Merchants Savings Bank. 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 Savings Bank U.S. Bank Average
5.88% 8.32%

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 September 30, 2017, Farmers & Merchants Savings Bank had $3,788,000 in non-current loans and $340,000 in owned real estate. To cover these potential losses it had $60,422,000 in equity and $9,769,000 in loans loss reserves. That gives it a Texas Ratio of 5.88%.

Return on Equity
Farmers & Merchants Savings Bank U.S. Bank Average
14.53% 8.84%

Farmers & Merchants Savings Bank has a Return on Equity of 14.53% versus the BestCashCow average of 8.84%. 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 Savings Bank U.S. Bank Average
11.21% 12.21%

Farmers & Merchants Savings Bank has a Capitalization of 11.21% versus the BestCashCow average of 12.21. 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 Savings Bank Balance Sheet Analysis

As of December 31, 2017, Farmers & Merchants Savings Bank had assets of $538,820,000, loans of $454,900,000, and deposits of $454,942,000. 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 $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.45 billion
Loan loss allowance $0.01 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 $0.48 billion
LIABILITIES
Total deposits $0.45 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.45 billion
      % insured (estimated) 72.99%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.48 billion
      Shareholders’ Equity $0.06 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 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 $0.01 billion

Frequently Asked Questions About Farmers & Merchants Savings Bank

Branches and Savings

Is Farmers & Merchants Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #9298.

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

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

Is Farmers & Merchants Savings Bank a commercial bank?

Yes

Where are Farmers & Merchants Savings Bank locations?

See branch locations nearby.

Is Farmers & Merchants Savings Bank open on Saturdays?

Is Farmers & Merchants Savings Bank open on Sundays?

What time does Farmers & Merchants Savings Bank open?

What time does Farmers & Merchants Savings Bank close?

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

Do Farmers & Merchants Savings Bank ATMs accept cash deposits?

Can Farmers & Merchants Savings Bank customers use other ATMs?

Do Farmers & Merchants Savings Bank branches have notaries?

Will Farmers & Merchants Savings Bank notarize my document?

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

Will the Farmers & Merchants Savings Bank branch print checks?

Do Farmers & Merchants Savings Bank checks expire?

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

Can Farmers & Merchants Savings Bank close my account?

Does Farmers & Merchants Savings Bank Report to credit bureaus?

Does Farmers & Merchants Savings Bank Use Equifax?

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

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

Products

Does Farmers & Merchants Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers & Merchants Savings Bank offer personal loans?

Compare personal loan rates here.

Does Farmers & Merchants Savings Bank offer student loans?

Will Farmers & Merchants Savings Bank cash a check?

Will Farmers & Merchants Savings Bank redeem a savings bond?

Does Farmers & Merchants Savings Bank cash savings bonds?

Will Farmers & Merchants Savings Bank cash money orders?

Can Farmers & Merchants Savings Bank issue a money order?

Does Farmers & Merchants Savings Bank do currency exchange?

Background on The Bank

Who owns Farmers & Merchants Savings Bank?

How long has Farmers & Merchants Savings Bank been around?

Can Farmers & Merchants Savings Bank transfer to other banks?

Does Farmers & Merchants Savings Bank have quick pay?

Does Farmers & Merchants Savings Bank accept rolled coins?

Will Farmers & Merchants Savings Bank accept loose change?

Where is Farmers & Merchants Savings Bank headquarters?

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