Banks | The Farmers & Merchants State Bank

The Farmers & Merchants State Bank


The Farmers & Merchants State Bank is an FDIC insured institution headquartered at 307 N Defiance St, Archbold, OH 43502.
It was founded in 1897 and has approximately $3 billion in assets. Customers can open an account at one of its 25 branches.

Deposit Rates - December 4, 2024

SAVINGS RATES APY MIN
Savings
0.03% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.07% $10,000 Compare
6 Mo CD
0.17% $100,000 Compare
12 Mo CD
0.21% $10,000 Compare
12 Mo CD
0.33% $100,000 Compare
18 Mo CD
0.26% $10,000 Compare
18 Mo CD
0.36% $100,000 Compare
24 Mo CD
0.29% $10,000 Compare
24 Mo CD
0.39% $100,000 Compare
30 Mo CD
0.31% $10,000 Compare
30 Mo CD
0.39% $100,000 Compare
36 Mo CD
0.41% $10,000 Compare
36 Mo CD
0.51% $100,000 Compare
48 Mo CD
0.61% $10,000 Compare
48 Mo CD
0.69% $100,000 Compare
60 Mo CD
1.11% $10,000 Compare
60 Mo CD
1.17% $100,000 Compare
FIXED IRA RATES APY MIN
Special: 20 Mo FIRA
1.01% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5969
Date Established 1897
Assets $ 3.31 billion
Loans $ 2.54 billion
Deposits $ 2.65 billion
Capital $ 345.43 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 191.65 million
Interest-bearing balances $ 153.10 million
Total securities $ 361.35 million
Federal funds sold and reverse repurchase $ 1.28 million
Net loans and leases $ 2.54 billion
Loan loss allowance $ 25.27 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 98.52 million
All other assets $ 62.34 million
     Total Assets $ 2.97 billion

LIABILITIES
Total deposits $ 2.65 billion
      Interest-bearing deposits $ 2.16 billion
      Deposits held in domestic offices $ 2.65 billion
      % insured (estimated) 89.56%
Federal funds purchased and repurchase agreements $ 27.22 million
Trading liabilities N.A.
Other borrowed funds $ 42.64 million
Subordinated debt N.A.
All other liabilities $ 17.66 millionn
      Total Liabilities $ 2.97 billion
      Shareholders’ Equity $ 345.43 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 79.70 million
Total Interest Expense $ 37.76 million
Net interest income $ 41.94 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 7.32 million
Total non interest expense $ 33.94 million
Pre-tax Net Operating Income $ 21.27 million

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