Farmers&Mechanics FSB
Bloomfield, Indiana · FDIC Cert #28478
Farmers&Mechanics FSB is an FDIC-insured bank (Certificate #28478) with $126M in total assets and $108M in total deposits as of the Q2 2024 Call Report. 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). 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 improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. 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
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 2 points above the Indiana state average of 70 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 68, meaning this bank ranks above its size cohort. Site-wide, Farmers&Mechanics FSB is 2 points above the portfolio average of 70.
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 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.