What are the current interest rates at Farmers and Merchants Bank Lafayette, AL?

Current rates for Farmers and Merchants Bank Lafayette, AL include: 12-Month CD: 3.35%

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Farmers and Merchants Bank Lafayette, AL Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Farmers and Merchants Bank Lafayette, AL provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 22, 2026

Farmers and Merchants Bank Lafayette, AL's 6-Month CD rates are at 3.50%, 12-Month CD rates are at 3.35%. MonitorBankRates evaluates the financial stability of Farmers and Merchants Bank Lafayette, AL with a 5.0 Star Rating, an B+ Overall Health Grade, and a Texas Ratio of 21.71%. Rates were last updated on 04/22/2026.

Farmers and Merchants Bank Lafayette, AL money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Farmers and Merchants Bank Lafayette, AL? Share your experience about Farmers and Merchants Bank Lafayette, AL by leaving a review below, or read customer reviews before you decide to use Farmers and Merchants Bank Lafayette, AL.

Overall Health & Safety Grade

B+

Good Health Score: 89/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

21.71%

Good Higher than avg

Farmers and Merchants Bank Lafayette, AL

2 1st St Ne
Lafayette, AL 36862

https://www.fmlafayette.com

Farmers and Merchants Bank Lafayette, AL CD Rates

Product	Rate	APY
6 Month CD	-	3.50%
Min Balance $500 Details Minimum deposit of $500 with a maximum of $1,000,000. The Annual Percentage Yield (APY) of 3.50% is effective and accurate as of December 22, 2025. Early withdrawal penalties may be imposed, and the fee could reduce principal. If the CD is fully or partially redeemed prior to original maturity date, a penalty equivalent to 1 month interest may be applied. Offer may be withdrawn or modified without prior notice. Fees could reduce earnings. See a Customer Service Representative for complete terms and conditions. Last Updated 04/22/2026 Institution Ratings 4.4 Star Rating B Health Grade ◈ Texas Ratio: 21.71%
12 Month CD	-	3.35%
Min Balance $500 Details Minimum deposit of $500 with a maximum of $1,000,000. The Annual Percentage Yield (APY) of 3.35% is effective and accurate as of December 22, 2025. Early withdrawal penalties may be imposed, and the fee could reduce principal. If the CD is fully or partially redeemed prior to original maturity date, a penalty equivalent to 1 month interest may be applied. Offer may be withdrawn or modified without prior notice. Fees could reduce earnings. See a Customer Service Representative for complete terms and conditions. Last Updated 04/22/2026 Institution Ratings 4.4 Star Rating B Health Grade ◈ Texas Ratio: 21.71%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Farmers and Merchants Bank Lafayette, AL is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Farmers and Merchants Bank Lafayette, AL rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Farmers and Merchants Bank Lafayette, AL's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Farmers and Merchants Bank Lafayette, AL

Bank Holding Company FARMERS&MERCHANTS BANCSHARES

Address 2 1st St Ne, Lafayette, AL 36862 · Chambers

Website https://www.fmlafayette.com

FDIC Certificate # 13887

Established 01/30/1934

FDIC Insurance Date 02/13/1934

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

B+

Overall Health Grade Score: 89/100

5.0

Exceptional Out of 5.0 Stars

21.71%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.0366%

Return on Equity (ROE) 25.0400%

Non-Performing Loans (NPL) 0.58%

Total Assets $304,556,000

Total Deposits $275,572,000

Equity Capital $20,809,000

Net Income $3,004,000

Headquarters Lafayette

Total Offices 3

Source: FDIC | Last Updated 12/31/2025

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Frequently Asked Questions About Farmers and Merchants Bank Lafayette, AL

Is Farmers and Merchants Bank Lafayette, AL a safe place to deposit money?

Yes, Farmers and Merchants Bank Lafayette, AL is considered a safe financial institution. With a Texas Ratio of 21.707375478927%, the institution's financial health is rated as stable. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Farmers and Merchants Bank Lafayette, AL operate?

Farmers and Merchants Bank Lafayette, AL currently maintains approximately 3 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Farmers and Merchants Bank Lafayette, AL does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Farmers and Merchants Bank Lafayette, AL provides members with tools to manage their accounts and build a solid financial history.

Does Farmers and Merchants Bank Lafayette, AL offer online and mobile banking?

Most modern institutions like Farmers and Merchants Bank Lafayette, AL provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.fmlafayette.com.