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Farmers & Merchants State Bank Rates & Review October 2026
Content reviewed by
Brian McKay
Brian McKay
Founder & Data Architect
Expertise
Automated Online Rate Data Aggregation
Location-Based Rate Tables
Bank & Credit Union Health Safety Ratings
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Finance Calculators
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
|✓Fact Checked|Rates Last Updated and Verified: October 12, 2026
Farmers & Merchants State Bank's top rates as of October 12, 2026 are 4.50% APY on its 25-Months 25-Month Certificate - 10% New Money, 5.00% APY on savings, 4.00% APY on money market accounts, and 4.25% APY on checking, according to rates verified by MonitorBankRates. Other Farmers & Merchants State Bank CD rates include 36-Months 36-Month Certificate - 10% New Money at 4.50%, 20-Months 20-Month Certificate - 10% New Money at 4.40%, and 25-Months 25-Month Certificate at 4.40%. MonitorBankRates evaluates the financial stability of Farmers & Merchants State Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.00%. Rates last updated and verified on 10/12/2026.
Farmers & Merchants State Bank 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 & Merchants State Bank? Share your experience about Farmers & Merchants State Bank by leaving a review below, or read customer reviews before you decide to use Farmers & Merchants State Bank.
Farmers & Merchants State Bank has earned an overall safety grade of A+ (Exceptional, Score: 100/100).
This proprietary letter grade is calculated by combining the institution's Star Rating with its Texas Ratio, providing a straightforward indicator of its financial stability and reliability.
Grades range from A+ (Exceptional) to F (High Risk) based on objective FDIC regulatory data.
MonitorBankRates Rating
?
5.0
ExceptionalOut of 5.0 Stars
MonitorBankRates Star Rating
Farmers & Merchants State Bank has earned a Star Rating of 5.0 out of 5 stars (Exceptional).
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
?
0.00%
PerfectLower than avg
Farmers & Merchants State Bank Texas Ratio
Farmers & Merchants State Bank's Texas Ratio is 0.00%, which is considered perfect and is lower than the national average of 5.85%.
A 0.00% ratio is the best possible score. Farmers & Merchants State Bank currently has zero non-performing assets or foreclosed properties on its books.
The Texas Ratio compares non-performing assets to tangible common equity and loan loss reserves. Lower is better.
1.26% to 0.00% over 12 quarters, improvingFull history
Star Rating 5.0 to 5.0, Health Grade A+ to A+
The Texas Ratio for this bank has improved and is now very strong since Q3 2023. Lower is healthier; the amber line is the 15% level required for the MBR Verified Healthy badge.
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 & Merchants State Bank CD Rates
Product
Rate
APY
Term
View More
25 Month Certificate - 10% New Money
4.50%
4.50%
25 months
Min Deposit$500
Min Balance$500
Details10 for 10 Special; Certificates only (No IRA or HSA); 10% of total CD amount must be funds from another financial institution; Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 12, 2026 · 4.50% APY
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
36 Month Certificate - 10% New Money
4.50%
4.50%
36 months
Min Deposit$500
Min Balance$500
Details10 for 10 Special; Certificates only (No IRA or HSA); 10% of total CD amount must be funds from another financial institution; Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 12, 2026 · 4.50% APY
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
20 Month Certificate - 10% New Money
4.39%
4.40%
20 months
Min Deposit$500
Min Balance$500
Details10 for 10 Special; Certificates only (No IRA or HSA); 10% of total CD amount must be funds from another financial institution; Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 12, 2026 · 4.40% APY
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
25 Month Certificate
4.40%
4.40%
25 months
Min Deposit$500
Min Balance$500
Details10 for 10 Special; Certificates only (No IRA or HSA); Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 4.40% APY · checked 3 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
36 Month Certificate
4.40%
4.40%
36 months
Min Deposit$500
Min Balance$500
Details10 for 10 Special; Certificates only (No IRA or HSA); Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 4.40% APY · checked 3 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
20 Month Certificate
4.29%
4.30%
20 months
Min Deposit$500
Min Balance$500
Details10 for 10 Special; Certificates only (No IRA or HSA); Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 4.30% APY · checked 3 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
13 Month Certificate
4.04%
4.05%
13 months
Min Deposit$500
Min Balance$500
DetailsSpecial; Certificates only (No IRA or HSA); Compounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 4.05% APY · checked 3 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
6 Month Certificate
3.96%
4.00%
6 months
Min Deposit$500
Min Balance$500
DetailsSpecial; Certificates & IRAs; Compounding: At Maturity
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 4.00% APY · checked 2 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
90 Day Option CD
3.80%
3.85%
90 days
Min Deposit$500
Min Balance$500
DetailsSpecial; Compounding: Quarterly; Can deposit or withdraw balance without penalty at each 90 day anniversary; $500 minimum balance must be maintained; aggregate deposits may not exceed $250,000; no institutional money
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 3.85% APY · checked 2 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
18 Month Certificate
3.49%
3.50%
18 months
Min Deposit$500
Min Balance$500
DetailsCompounding: Annually
Last Updated10/12/2026
Rate History
No change since Oct 4, 2026 · 3.50% APY · checked 2 times
No change since Oct 4, 2026 · 0.01% APY · checked 3 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Farmers & Merchants State Bank Home Equity & HELOC
Product
Rate
Points
APR
Term
View More
Home Equity Line of Credit Special - Home Equity
6.00%
0%
6.00%
DetailsIntro rate expires: 6 months; then Prime Rate as published in the Wall Street Journal + 0.000% (currently 7.000%), with a floor rate of 4.00%; Based on a $50,000 loan; 15 Year Draw Period
No change since Oct 4, 2026 · 0.52% APY · checked 3 times
Institution Ratings
5.0
Star Rating
A+
Health Grade
◈ Texas Ratio: 0.00%
Financial Health History
Farmers & Merchants State Bank’s Texas Ratio fell from 1.26% in Q3 2023 to 0.00% in Q2 2026, so its financial health has improved and is now very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold 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 Grade
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
$246M
0.00%
5.0
A+
March 31, 2026
$246M
0.00%
5.0
A+
December 31, 2025
$241M
0.00%
5.0
A+
September 30, 2025
$239M
0.00%
5.0
A+
June 30, 2025
$237M
0.00%
5.0
A+
March 31, 2025
$240M
0.13%
5.0
A+
December 31, 2024
$240M
0.00%
5.0
A+
September 30, 2024
$240M
0.00%
5.0
A+
June 30, 2024
$234M
1.21%
5.0
A+
March 31, 2024
$235M
1.20%
5.0
A+
December 31, 2023
$231M
1.21%
5.0
A+
September 30, 2023
$235M
1.26%
5.0
A+
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 & Merchants State Bank 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 & Merchants State Bank 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 & Merchants State Bank's official website for the most current offers and terms.
Bank Profile & Overview
Institution NameChartway Credit Union
Bank Holding CompanyMAUNESHA BANCSHARES INC
Address
210 W Madison St,
Waterloo, WI 53594 · Jefferson
Farmers & Merchants State Bank 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.
Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates, so there is no need to download or upload anything. Badges are re-tested every quarter; when a new quarter is published, come back to this page for the updated code.
Learn more about the MBR Health & Safety Badge program on our methodology page.
Customer Reviews
There are no reviews for Farmers & Merchants State Bank yet. Feel free to create one below.
Looking for more bank and credit union reviews?
Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Average Rating
☆☆☆☆☆
Total Reviews
0
Add Your Rating and Review for Farmers & Merchants State Bank
Frequently Asked Questions About Farmers & Merchants State Bank
How many branches does Farmers & Merchants State Bank operate?
Farmers & Merchants State Bank 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 & Merchants State Bank 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 & Merchants State Bank provides members with tools to manage their accounts and build a solid financial history.
Does Farmers & Merchants State Bank offer online and mobile banking?
Most modern institutions like Farmers & Merchants State Bank 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.FandMStBk.com.
Current Farmers & Merchants State Bank Rates
12-Month CD2.75%
18-Month CD3.50%
24-Month CD3.25%
36-Month CD4.40%
60-Month CD3.05%
Savings5.00%
MMA4.00%
Retrieved from our database of financial products. Rates subject to change.
Brian McKay
