The Farmers & Merchants Bank

Headquarters

708 South Main Street
Stuttgart, AR 72160
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.25% →
1-Year CD 0.55% 0.80% →
2-Year CD 0.65% 0.80% →
5-Year CD 0.95% 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

The Farmers & Merchants Bank is an FDIC insured institution located in Stuttgart, AR. It was founded in 1945 and has approximately $1.66 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 16216
Date Established 1945
Assets $ 1,657.42 million
Loans $ 980.14 million
Deposits $ 1,408.82 million
Capital $ 206.71 million
 

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

Deposit Rates - September 25, 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
0.15% $2,500 $2,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.50% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.75% $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 - September 25, 2021

Your Current Location: Connecticut, CT 06828

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

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 (%) Monthly
Payment
Learn More
Simplist Mortgage, LLC
NMLS ID: 1764611
License#: ML-1764611
2.736% 2.690%
0.63 points
$1,508 fees
$1,013 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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

Branches

The Farmers & Merchants 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:
Fairfield,Connecticut


The Farmers & Merchants Bank Locations


Financial Details

The Farmers & Merchants Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Farmers & Merchants 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
The Farmers & Merchants Bank U.S. Bank Average
2.15% 5.29%

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, 2021, The Farmers & Merchants Bank had $3,350,000 in non-current loans and $1,328,000 in owned real estate. To cover these potential losses it had $206,705,000 in equity and $11,220,000 in loans loss reserves. That gives it a Texas Ratio of 2.15%.

Return on Equity
The Farmers & Merchants Bank U.S. Bank Average
5.94% 11.43%

The Farmers & Merchants Bank has a Return on Equity of 5.94% versus the BestCashCow average of 11.43%. 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 & Merchants Bank U.S. Bank Average
12.47% 11.51%

The Farmers & Merchants Bank has a Capitalization of 12.47% versus the BestCashCow average of 11.51. 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 & Merchants Bank Balance Sheet Analysis

As of March 31, 2021, The Farmers & Merchants Bank had assets of $1,657,417,000, loans of $980,141,000, and deposits of $1,408,822,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 38.03 million
Interest-bearing balances $ 6.38 million
Total securities $ 367.61 million
Federal funds sold and reverse repurchase $ 107.64 million
Net loans and leases $ 980.14 million
Loan loss allowance $ 11.22 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.33 million
Goodwill and other intangibles $ 55.37 million
All other assets $ 72.10 million
     Total Assets $ 1,450.71 million
LIABILITIES
Total deposits $ 1,408.82 million
      Interest-bearing deposits $ 1,114.77 million
      Deposits held in domestic offices $ 1,408.82 million
      % insured (estimated) 81.04%
Federal funds purchased and repurchase agreements $ 19.14 million
Trading liabilities N.A.
Other borrowed funds $ 11.02 million
Subordinated debt N.A.
All other liabilities $ 11.73 million
      Total Liabilities $ 1,450.71 million
      Shareholders’ Equity $ 206.71 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 13.43 million
Total Interest Expense $ 1.18 million
Net interest income $ 12.25 million
Provision for loan and lease losses $ 0.68 million
Total non interest income $ 3.76 million
Total non interest expense $ 10.66 million
Pre-tax Net Operating Income $ 4.68 million

Bank Loan Profile?

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

Compared to other banks, The Farmers & Merchants Bank’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 25.46
Multifamily
Mortgages
2.13
Credit Card Loans 0.29
Consumer Auto Loans 0.58
Small Business Loans 0.00
Construction and Development Loans 12.09
Commercial Real Estate 28.89
Commercial and Industrial Loans 13.39
Farm Loans 7.86

Frequently Asked Questions About The Farmers & Merchants Bank

Branches and Savings

Is The Farmers & Merchants Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16216.

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

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

Is The Farmers & Merchants Bank a commercial bank?

Yes

Where are The Farmers & Merchants Bank locations?

See branch locations nearby.

Is The Farmers & Merchants Bank open on Saturdays?

Is The Farmers & Merchants Bank open on Sundays?

What time does The Farmers & Merchants Bank open?

What time does The Farmers & Merchants Bank close?

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

Do The Farmers & Merchants Bank ATMs accept cash deposits?

Can The Farmers & Merchants Bank customers use other ATMs?

Do The Farmers & Merchants Bank branches have notaries?

Will The Farmers & Merchants Bank notarize my document?

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

Will the The Farmers & Merchants Bank branch print checks?

Do The Farmers & Merchants Bank checks expire?

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

Can The Farmers & Merchants Bank close my account?

Does The Farmers & Merchants Bank Report to credit bureaus?

Does The Farmers & Merchants Bank Use Equifax?

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

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

Products

Does The Farmers & Merchants Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Farmers & Merchants Bank offer personal loans?

Compare personal loan rates here.

Does The Farmers & Merchants Bank offer student loans?

Will The Farmers & Merchants Bank cash a check?

Will The Farmers & Merchants Bank redeem a savings bond?

Does The Farmers & Merchants Bank cash savings bonds?

Will The Farmers & Merchants Bank cash money orders?

Can The Farmers & Merchants Bank issue a money order?

Does The Farmers & Merchants Bank do currency exchange?

Background on The Bank

Who owns The Farmers & Merchants Bank?

How long has The Farmers & Merchants Bank been around?

Can The Farmers & Merchants Bank transfer to other banks?

Does The Farmers & Merchants Bank have quick pay?

Does The Farmers & Merchants Bank accept rolled coins?

Will The Farmers & Merchants Bank accept loose change?

Where is The Farmers & Merchants Bank headquarters?

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