The Farmers & Merchants Bank

320 Main St
Waterloo, AL 35677

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1745
Date Established 1914
Assets $0.08 billion
Loans $0.01 billion
Deposits $0.07 billion
Capital $0.02 billion

The Farmers & Merchants Bank is an FDIC insured institution located in Waterloo, AL. It was founded in 1914 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

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.

Bank Loan Profile?

The top three loan types in The Farmers & Merchants Bank’s loan portfolio are Commercial and Industrial Loans, Farm Loans, and Commercial Real Estate.

Compared to other banks in Alabama, The Farmers & Merchants Bank has a significantly higher percent of Commercial and Industrial Loans, Farm 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 2.79
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.67
Small Business Loans 0.00
Construction and Development Loans 8.01
Commercial Real Estate 11.42
Commercial and Industrial Loans 30.65
Farm Loans 14.06

Deposit Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.25% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.00% $100 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.25% $2,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.15% $1,500 - Learn MoreShow Less

Loan Rates - July 20, 2018

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.325% 4.250% 0.50 $2,354 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.459% 4.375% 0.00 $2,500 $1,249 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
License#: MC-2462
4.701% 4.625% 0.38 $2,225 $1,286 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.740% $291.47 Learn More

Note to The Farmers & Merchants Bank
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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:
Ashburn,Virginia


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
6.65% 7.92%

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 March 31, 2018, The Farmers & Merchants Bank had $1,113,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $16,382,000 in equity and $347,000 in loans loss reserves. That gives it a Texas Ratio of 6.65%.

Return on Equity
The Farmers & Merchants Bank U.S. Bank Average
7.78% 9.35%

The Farmers & Merchants Bank has a Return on Equity of 7.78% versus the BestCashCow average of 9.35%. 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
19.55% 12.01%

The Farmers & Merchants Bank has a Capitalization of 19.55% versus the BestCashCow average of 12.01. 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, 2018, The Farmers & Merchants Bank had assets of $83,811,000, loans of $7,453,000, and deposits of $67,078,000. 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 $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.01 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 $0.00 billion
     Total Assets $0.07 billion
LIABILITIES
Total deposits $0.07 billion
      Interest-bearing deposits $0.05 billion
      Deposits held in domestic offices $0.07 billion
      % insured (estimated) 72.96%
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 $0.07 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

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

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 #1745.

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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