Banks | Farmers & Merchants Bank of North Dakota

Farmers & Merchants Bank of North Dakota


Farmers & Merchants Bank of North Dakota is an FDIC insured institution headquartered at 101 Main St N, Tolna, ND 58380.
It was founded in 1917 and has approximately $0 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - April 02, 2025

SAVINGS RATES APY MIN
Savings
0.05% $1 Compare
CD RATES APY MIN
6 Mo CD
0.40% $2,500 Compare
12 Mo CD
0.60% $1,000 Compare
18 Mo CD
0.70% $1,000 Compare
24 Mo CD
0.75% $1,000 Compare
36 Mo CD
0.85% $1,000 Compare
48 Mo CD
1.00% $1,000 Compare
60 Mo CD
1.20% $1,000 Compare
MM RATES APY MIN
Money Market
0.05% $1 Compare
Money Market
0.20% $10,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.10% $1
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8640
Date Established 1917
Assets $ 109.29 million
Loans $ 57.12 million
Deposits $ 97.82 million
Capital $ 11.05 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 10.12 million
Interest-bearing balances $ 3.70 million
Total securities $ 34.97 million
Federal funds sold and reverse repurchase $ 2.00 million
Net loans and leases $ 57.12 million
Loan loss allowance $ 0.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.47 million
All other assets $ 2.35 million
     Total Assets $ 98.24 million

LIABILITIES
Total deposits $ 97.82 million
      Interest-bearing deposits $ 74.75 million
      Deposits held in domestic offices $ 97.82 million
      % insured (estimated)" 87.41%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.09 millionn
      Total Liabilities $ 98.24 million
      Shareholders’ Equity $ 11.05 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 3.65 million
Total Interest Expense $ 1.20 million
Net interest income $ 2.46 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.19 million
Total non interest expense $ 1.95 million
Pre-tax Net Operating Income $ 0.23 million

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