Farmers & Merchants State Bank of Wayne

Headquarters

321 Main
Wayne, NE 68787
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 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 State Bank of Wayne is an FDIC insured institution located in Wayne, NE. It was founded in 1990 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 33235
Date Established 1990
Assets $ 39.29 million
Loans $ 26.51 million
Deposits $ 33.52 million
Capital $ 3.65 million
 

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

Deposit Rates - January 24, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 24, 2021

Your Current Location: Connecticut, CT 06828

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

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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
3.243% 3.125% 1.00 $3,750 $1,071 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Farmers & Merchants State Bank of Wayne
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Branches

Farmers & Merchants State Bank of Wayne 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 State Bank of Wayne Locations


Financial Details

Farmers & Merchants State Bank of Wayne Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers & Merchants State Bank of Wayne. 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 State Bank of Wayne U.S. Bank Average
6.5% 6.14%

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 September 30, 2020, Farmers & Merchants State Bank of Wayne had $268,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,645,000 in equity and $478,000 in loans loss reserves. That gives it a Texas Ratio of 6.5%.

Return on Equity
Farmers & Merchants State Bank of Wayne U.S. Bank Average
12.86% 9.23%

Farmers & Merchants State Bank of Wayne has a Return on Equity of 12.86% versus the BestCashCow average of 9.23%. 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 State Bank of Wayne U.S. Bank Average
9.28% 12.07%

Farmers & Merchants State Bank of Wayne has a Capitalization of 9.28% versus the BestCashCow average of 12.07. 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 State Bank of Wayne Balance Sheet Analysis

As of November 30, -0001, Farmers & Merchants State Bank of Wayne had assets of $41,390,000, loans of $26,512,000, and deposits of $33,524,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 26.51 million
Loan loss allowance $ 0.48 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 33.52 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 39.29 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Farmers & Merchants State Bank of Wayne’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Farmers & Merchants State Bank of Wayne’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Farmers & Merchants State Bank Of Wayne

Branches and Savings

Is Farmers & Merchants State Bank Of Wayne FDIC insured?

Yes. It is covered under FDIC Certificate #33235.

Why does Farmers & Merchants State Bank Of Wayne 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 State Bank Of Wayne CD rates not competitive?

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

Is Farmers & Merchants State Bank Of Wayne a commercial bank?

Yes

Where are Farmers & Merchants State Bank Of Wayne locations?

See branch locations nearby.

Is Farmers & Merchants State Bank Of Wayne open on Saturdays?

Is Farmers & Merchants State Bank Of Wayne open on Sundays?

What time does Farmers & Merchants State Bank Of Wayne open?

What time does Farmers & Merchants State Bank Of Wayne close?

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

Do Farmers & Merchants State Bank Of Wayne ATMs accept cash deposits?

Can Farmers & Merchants State Bank Of Wayne customers use other ATMs?

Do Farmers & Merchants State Bank Of Wayne branches have notaries?

Will Farmers & Merchants State Bank Of Wayne notarize my document?

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

Will the Farmers & Merchants State Bank Of Wayne branch print checks?

Do Farmers & Merchants State Bank Of Wayne checks expire?

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

Can Farmers & Merchants State Bank Of Wayne close my account?

Does Farmers & Merchants State Bank Of Wayne Report to credit bureaus?

Does Farmers & Merchants State Bank Of Wayne Use Equifax?

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

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

Products

Does Farmers & Merchants State Bank Of Wayne offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Farmers & Merchants State Bank Of Wayne offer personal loans?

Compare personal loan rates here.

Does Farmers & Merchants State Bank Of Wayne offer student loans?

Will Farmers & Merchants State Bank Of Wayne cash a check?

Will Farmers & Merchants State Bank Of Wayne redeem a savings bond?

Does Farmers & Merchants State Bank Of Wayne cash savings bonds?

Will Farmers & Merchants State Bank Of Wayne cash money orders?

Can Farmers & Merchants State Bank Of Wayne issue a money order?

Does Farmers & Merchants State Bank Of Wayne do currency exchange?

Background on The Bank

Who owns Farmers & Merchants State Bank Of Wayne?

How long has Farmers & Merchants State Bank Of Wayne been around?

Can Farmers & Merchants State Bank Of Wayne transfer to other banks?

Does Farmers & Merchants State Bank Of Wayne have quick pay?

Does Farmers & Merchants State Bank Of Wayne accept rolled coins?

Will Farmers & Merchants State Bank Of Wayne accept loose change?

Where is Farmers & Merchants State Bank Of Wayne headquarters?

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