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Farmers & Merchants State Bank


Farmers & Merchants State Bank is an FDIC insured institution headquartered at 210 W Madison St, Waterloo, WI 53594.
It was founded in 1897 and has approximately $0 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - April 22, 2025

SAVINGS RATES APY MIN
Savings
0.07% $2,500 Compare
CD RATES APY MIN
12 Mo CD
0.30% $10,000 Compare
12 Mo CD
0.30% $100,000 Compare
Special: 16 Mo CD
0.65% $500 Compare
18 Mo CD
0.35% $10,000 Compare
18 Mo CD
0.35% $100,000 Compare
Special: 24 Mo CD
0.75% $5,000 Compare
24 Mo CD
0.60% $10,000 Compare
24 Mo CD
0.60% $100,000 Compare
Special: 36 Mo CD
0.95% $5,000 Compare
36 Mo CD
0.75% $10,000 Compare
36 Mo CD
0.75% $100,000 Compare
Special: 48 Mo CD
0.95% $5,000 Compare
Special: 60 Mo CD
0.95% $5,000 Compare
60 Mo CD
1.00% $10,000 Compare
60 Mo CD
1.00% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.10% $25,000 Compare
FIXED IRA RATES APY MIN
Special: 16 Mo FIRA
0.65% $500
Special: 24 Mo FIRA
0.75% $5,000
Special: 36 Mo FIRA
0.95% $5,000
Special: 48 Mo FIRA
0.95% $5,000
Special: 60 Mo FIRA
0.95% $5,000
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13242
Date Established 1897
Assets $ 240.28 million
Loans $ 197.89 million
Deposits $ 176.45 million
Capital $ 24.33 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 9.43 million
Interest-bearing balances $ 7.62 million
Total securities $ 18.08 million
Federal funds sold and reverse repurchase $ 5.28 million
Net loans and leases $ 197.89 million
Loan loss allowance $ 2.33 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 $ 3.52 million
     Total Assets $ 215.95 million

LIABILITIES
Total deposits $ 176.45 million
      Interest-bearing deposits $ 140.60 million
      Deposits held in domestic offices $ 176.45 million
      % insured (estimated)" 85.59%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 19.96 million
Subordinated debt N.A.
All other liabilities $ 1.86 millionn
      Total Liabilities $ 215.95 million
      Shareholders’ Equity $ 24.33 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 11.08 million
Total Interest Expense $ 4.85 million
Net interest income $ 6.24 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.34 million
Total non interest expense $ 5.69 million
Pre-tax Net Operating Income $ 1.37 million

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