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Farmers-Merchants Bank of Illinois

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Farmers-Merchants Bank of Illinois Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Farmers-Merchants Bank of Illinois 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 17, 2026

You can compare Farmers-Merchants Bank of Illinois rates to other rates in our database, including 12-month CD rates currently at 3.00%, 6-month CD rates at 3.79% and 3-month CD rates at 3.54%. Savings rates are at 0.16% and money market rates are at 1.40%. Mortgage rates on 30-year fixed loans are around 6.12%. All these rates can be compared to Farmers-Merchants Bank of Illinois rates. MonitorBankRates evaluates the financial stability of Farmers-Merchants Bank of Illinois with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 0.99%. Rates were last updated on 04/17/2026.

Farmers-Merchants Bank of Illinois 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 Bank of Illinois? Share your experience about Farmers-Merchants Bank of Illinois by leaving a review below, or read customer reviews before you decide to use Farmers-Merchants Bank of Illinois.

Overall Health & Safety Grade

A+

Exceptional Health Score: 100/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

0.99%

Excellent Lower than avg

Farmers-Merchants Bank of Illinois

101 W Main St
Joy, IL 61260

https://www.fmbankil.com

Current Rate Availability

We do not have Farmers-Merchants Bank of Illinois rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Farmers-Merchants Bank of Illinois 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 Bank of Illinois 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 Bank of Illinois's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Farmers-Merchants Bank of Illinois

Bank Holding Company MERCHANTS BCORP

Address 101 W Main St, Joy, IL 61260 · Mercer

Website https://www.fmbankil.com

FDIC Certificate # 11329

Established 01/01/1921

FDIC Insurance Date 01/01/1934

Domestic Offices 4

Total Branches 0

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 100/100

5.0

Exceptional Out of 5.0 Stars

0.99%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.5770%

Return on Equity (ROE) 12.3900%

Non-Performing Loans (NPL) 0.16%

Total Assets $286,687,000

Total Deposits $236,436,000

Equity Capital $48,122,000

Net Income $5,737,000

Headquarters Joy

Total Offices 4

Source: FDIC | Last Updated 12/31/2023

Customer Reviews

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Frequently Asked Questions About Farmers-Merchants Bank of Illinois

Is Farmers-Merchants Bank of Illinois a safe place to deposit money?

Yes, Farmers-Merchants Bank of Illinois is considered a safe financial institution. With a Texas Ratio of 0.98514734096445%, the institution's financial health is rated as excellent. 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-Merchants Bank of Illinois operate?

Farmers-Merchants Bank of Illinois currently maintains approximately multiple 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 Bank of Illinois 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 Bank of Illinois provides members with tools to manage their accounts and build a solid financial history.

Does Farmers-Merchants Bank of Illinois offer online and mobile banking?

Most modern institutions like Farmers-Merchants Bank of Illinois 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.fmbankil.com.