Farmers&Mechanics FSB
Bloomfield, Indiana · FDIC Cert #28478
This is the FDIC profile for Farmers&Mechanics FSB, an FDIC-insured bank (Certificate #28478) with $126M in total assets and $108M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Bloomfield, Indiana, the bank maintains a Tier 1 capital ratio of 13.76% (Well-Capitalized) and a nonperforming loan ratio of 2.51%. BankHealthData assigns a composite Health Grade of B (72/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Farmers&Mechanics FSB (FDIC cert 28478) is a community bank — $126M in total assets, $108M in deposits, serving the Bloomfield, Indiana area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 13.76% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is elevated: non-performing loan ratio of 2.51% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is very high: 43.0% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is negative: ROA of -1.45% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Farmers&Mechanics FSB carries a composite BankHealth grade of B (72/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Farmers&Mechanics FSB
- Total Assets
- $126M
- Total Deposits
- $108M
- Tier 1 Capital Ratio
- 13.76%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 2.51%
- Liquidity Ratio
- 43.03%
- Return on Assets
- -1.45%
- Headquarters
- Bloomfield, Indiana
- FDIC Certificate
- #28478
- Health Grade
- B (72/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Farmers&Mechanics FSB files quarterly Call Reports with the FDIC under Certificate #28478. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Farmers&Mechanics FSB holds a Tier 1 capital ratio of 13.76%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Farmers&Mechanics FSB has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Farmers&Mechanics FSB shows strong financial health indicators. With $126M in assets and a Health Score of 72/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Farmers&Mechanics FSB Compares
Farmers&Mechanics FSB’s Health Score of 72 is 8 points below the Indiana state average of 80 across 73 FDIC-insured banks. Its 13.76% Tier 1 capital ratio is 0.2 points below the US banking industry average near 14%. The 2.51% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -1.45% is below the national ROA benchmark of ~1.1%. Among 1249 similarly-sized banks, the average Health Score is 82, meaning this bank ranks below its size cohort. Site-wide, Farmers&Mechanics FSB is 8 points below the portfolio average of 80.
Frequently Asked Questions
Farmers&Mechanics FSB has a Bank Health Score of B (72/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 13.76%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Farmers&Mechanics FSB's Tier 1 capital ratio of 13.76% and nonperforming loan ratio of 2.51% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Farmers&Mechanics FSB is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #28478). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Farmers&Mechanics FSB holds $126M in total assets and $108M in total deposits. It is headquartered in Bloomfield, Indiana (FDIC Certificate #28478).
Farmers&Mechanics FSB's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #28478 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Farmers&Mechanics FSB has a Tier 1 capital ratio of 13.76%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 2.51%, and the return on assets is -1.45%.
Yes. Farmers&Mechanics FSB is FDIC-insured (Certificate #28478). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Farmers&Mechanics FSB's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.