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: 3.50%

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Farmers and Merchants Bank Lafayette, AL

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Farmers and Merchants Bank Lafayette, AL Rates & Review October 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 and Verified: October 7, 2026

Farmers and Merchants Bank Lafayette, AL's top rate as of October 7, 2026 is 3.75% APY on its 6-Month CD, according to rates verified by MonitorBankRates. Other Farmers and Merchants Bank Lafayette, AL CD rates include 12-Month CD at 3.50%. MonitorBankRates evaluates the financial stability of Farmers and Merchants Bank Lafayette, AL with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.69%. Rates last updated and verified on 10/07/2026.

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.

Verified Healthy Q2 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.69%

Excellent Lower than avg

Health Trend

Improving 12 quarters

Full history ›

Farmers and Merchants Bank

2 1st St Ne
Lafayette, AL 36862

https://www.fmlafayette.com

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Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends.

Farmers and Merchants Bank Lafayette, AL CD Rates

Product	Rate	APY	Term
6 Month CD	-	3.75%	6 Month
Min Deposit $500 Details Minimum deposit of $500 with a maximum of $1,000,000. The Annual Percentage Yield (APY) of 3.75% is effective and accurate as of October 2, 2026. 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 10/07/2026 Rate History 1 change since Sep 8, 2026 · 3.50% → 3.75% ▲ 0.25 pts · high 3.75% / low 3.50% Oct 7, 20263.75%▲ from 3.50% Sep 8, 20263.50%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.69%
12 Month CD	-	3.50%	12 Month
Min Deposit $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 October 2, 2026. 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 10/07/2026 Rate History 1 change since Sep 8, 2026 · 3.35% → 3.50% ▲ 0.15 pts · high 3.50% / low 3.35% Oct 7, 20263.50%▲ from 3.35% Sep 8, 20263.35%first recorded Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 5.69%

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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Financial Health History

Farmers and Merchants Bank Lafayette, AL’s Texas Ratio fell from 21.71% in Q3 2023 to 5.69% in Q2 2026, so its financial health has improved over the past 12 quarters. Over the same period its Star Rating moved from 1.0 to 5.0 and its Health Grade from F to A+. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$308M	5.69%	5.0	A+
March 31, 2026	$306M	6.72%	4.7	A
December 31, 2025	$305M	6.23%	4.8	A
September 30, 2025	$297M	5.24%	4.8	A
June 30, 2025	$290M	6.64%	4.0	B
March 31, 2025	$284M	5.93%	3.8	B
December 31, 2024	$286M	7.04%	3.0	C
September 30, 2024	$276M	5.56%	4.9	A
June 30, 2024	$272M	7.53%	3.4	B-
March 31, 2024	$273M	8.40%	3.1	C
December 31, 2023	$275M	7.38%	3.2	C+
September 30, 2023	$264M	21.71%	1.0	F

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

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 19340130

FDIC Insurance Date 19340213

Domestic Offices 3

Total Branches 3

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 97/100

5.0

Exceptional Out of 5.0 Stars

5.69%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.0780%

Return on Equity (ROE) 15.6000%

Non-Performing Loans (NPL) 0.41%

Total Assets $307,637,000

Total Deposits $276,852,000

Equity Capital $22,016,000

Net Income $1,649,000

Headquarters Lafayette

Total Branches and Offices 3

Source: FDIC | Last Updated 06/30/2026

Q2 2026 MBR Health & Safety Badge

Farmers and Merchants Bank Lafayette, AL earned the Verified Healthy badge

Display this badge on your website to show visitors your Q2 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Frequently Asked Questions About Farmers and Merchants Bank Lafayette, AL

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.