The Farmers and Merchants National Bank of Nashville

Headquarters

120 West St. Louis Street
Nashville, IL 62263
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.30% 1.05% →
2-Year CD 0.40% 1.11% →
5-Year CD 0.80% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Farmers and Merchants National Bank of Nashville is an FDIC insured institution located in Nashville, IL. It was founded in 1906 and has approximately $0.19 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 3821
Date Established 1906
Assets $ 189.72 million
Loans $ 121.92 million
Deposits $ 166.91 million
Capital $ 22.51 million
 

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

Deposit Rates - August 7, 2020

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
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
Special: 4 Mo CD
0.30% $1,000 - Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
Special: 13 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
Special: 19 Mo CD
0.50% $1,000 - Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $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
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Farmers and Merchants National Bank of Nashville

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

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

Branches

The Farmers and Merchants National Bank of Nashville 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


The Farmers and Merchants National Bank of Nashville Locations


Financial Details

The Farmers and Merchants National Bank of Nashville Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers and Merchants National Bank of Nashville. 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
The Farmers and Merchants National Bank of Nashville U.S. Bank Average
2.69% 6.94%

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, 2020, The Farmers and Merchants National Bank of Nashville had $633,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $22,510,000 in equity and $1,056,000 in loans loss reserves. That gives it a Texas Ratio of 2.69%.

Return on Equity
The Farmers and Merchants National Bank of Nashville U.S. Bank Average
10.49% 7.80%

The Farmers and Merchants National Bank of Nashville has a Return on Equity of 10.49% versus the BestCashCow average of 7.80%. 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
The Farmers and Merchants National Bank of Nashville U.S. Bank Average
11.86% 12.68%

The Farmers and Merchants National Bank of Nashville has a Capitalization of 11.86% versus the BestCashCow average of 12.68. 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.

The Farmers and Merchants National Bank of Nashville Balance Sheet Analysis

As of March 31, 2020, The Farmers and Merchants National Bank of Nashville had assets of $189,722,000, loans of $121,920,000, and deposits of $166,911,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 15.70 million
Interest-bearing balances $ 11.80 million
Total securities $ 45.37 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 121.92 million
Loan loss allowance $ 1.06 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 $ 1.86 million
     Total Assets $ 167.21 million
LIABILITIES
Total deposits $ 166.91 million
      Interest-bearing deposits $ 135.59 million
      Deposits held in domestic offices $ 166.91 million
      % insured (estimated) 86.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.30 million
      Total Liabilities $ 167.21 million
      Shareholders’ Equity $ 22.51 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.83 million
Total Interest Expense $ 0.18 million
Net interest income $ 1.65 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.28 million
Total non interest expense $ 1.29 million
Pre-tax Net Operating Income $ 0.62 million

Bank Loan Profile?

The top three loan types in The Farmers and Merchants National Bank of Nashville’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks, The Farmers and Merchants National Bank of Nashville’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 24.78
Multifamily
Mortgages
6.06
Credit Card Loans 0.00
Consumer Auto Loans 0.31
Small Business Loans 0.00
Construction and Development Loans 5.09
Commercial Real Estate 16.07
Commercial and Industrial Loans 5.06
Farm Loans 7.62

Frequently Asked Questions About The Farmers And Merchants National Bank Of Nashville

Branches and Savings

Is The Farmers And Merchants National Bank Of Nashville FDIC insured?

Yes. It is covered under FDIC Certificate #3821.

Why does The Farmers And Merchants National Bank Of Nashville pay such low interest on savings accounts?

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

Why are The Farmers And Merchants National Bank Of Nashville CD rates not competitive?

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

Is The Farmers And Merchants National Bank Of Nashville a commercial bank?

Yes

Where are The Farmers And Merchants National Bank Of Nashville locations?

See branch locations nearby.

Is The Farmers And Merchants National Bank Of Nashville open on Saturdays?

Is The Farmers And Merchants National Bank Of Nashville open on Sundays?

What time does The Farmers And Merchants National Bank Of Nashville open?

What time does The Farmers And Merchants National Bank Of Nashville close?

Are The Farmers And Merchants National Bank Of Nashville ATMs Open 24/7?

Do The Farmers And Merchants National Bank Of Nashville ATMs accept cash deposits?

Can The Farmers And Merchants National Bank Of Nashville customers use other ATMs?

Do The Farmers And Merchants National Bank Of Nashville branches have notaries?

Will The Farmers And Merchants National Bank Of Nashville notarize my document?

What address for The Farmers And Merchants National Bank Of Nashville should I put for incoming ACH transfers?

Will the The Farmers And Merchants National Bank Of Nashville branch print checks?

Do The Farmers And Merchants National Bank Of Nashville checks expire?

Does The Farmers And Merchants National Bank Of Nashville require US citizenship to open account?

Can The Farmers And Merchants National Bank Of Nashville close my account?

Does The Farmers And Merchants National Bank Of Nashville Report to credit bureaus?

Does The Farmers And Merchants National Bank Of Nashville Use Equifax?

What is The Farmers And Merchants National Bank Of Nashville's ACH Routing Number?

What is The Farmers And Merchants National Bank Of Nashville's SWIFT code?

Products

Does The Farmers And Merchants National Bank Of Nashville offer mortgages?

Compare mortgage rates here.

Does The Farmers And Merchants National Bank Of Nashville offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Farmers And Merchants National Bank Of Nashville offer personal loans?

Compare personal loan rates here.

Does The Farmers And Merchants National Bank Of Nashville offer student loans?

Will The Farmers And Merchants National Bank Of Nashville cash a check?

Will The Farmers And Merchants National Bank Of Nashville redeem a savings bond?

Does The Farmers And Merchants National Bank Of Nashville cash savings bonds?

Will The Farmers And Merchants National Bank Of Nashville cash money orders?

Can The Farmers And Merchants National Bank Of Nashville issue a money order?

Does The Farmers And Merchants National Bank Of Nashville do currency exchange?

Background on The Bank

Who owns The Farmers And Merchants National Bank Of Nashville?

How long has The Farmers And Merchants National Bank Of Nashville been around?

Can The Farmers And Merchants National Bank Of Nashville transfer to other banks?

Does The Farmers And Merchants National Bank Of Nashville have quick pay?

Does The Farmers And Merchants National Bank Of Nashville accept rolled coins?

Will The Farmers And Merchants National Bank Of Nashville accept loose change?

Where is The Farmers And Merchants National Bank Of Nashville headquarters?

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