Farmers and Merchants Bank (Maryland)
fmb1919.bankWhat Do They Do?
Runs a commercial and consumer bank offering deposit accounts, loans and transaction services to local consumers, businesses and agricultural customers.
10-K for FY2025, filed Mar 26, 2026The Bank is a Maryland commercial bank chartered on October 24, 1919 that is engaged in a general commercial and retail banking business.…View ↗
The Bank has been doing business in Maryland since 1919 and is engaged in both the commercial and consumer banking business. At December…View ↗
The Bank provides a wide range of personal banking services designed to meet the needs of local consumers. Among the deposit services…View ↗
The Bank grants available credit for residential mortgages (including Federal Housing Administration and Veterans Affairs loans)…View ↗
The Bank also is engaged in financing commerce and industry by providing credit and deposit services for small to medium size businesses…View ↗
How Do They Make Money?
Loans, investments and deposits at other banks provide banking revenue. Deposit customers also pay fees for overdrafts, monthly account services and transactions; overdraft fees arise when an overdraft occurs, monthly fees cover the service period, and other transaction fees are tied to services rendered.
10-K for FY2025, filed Mar 26, 2026The Company’s reportable segment is determined by the President, who is designated the chief operating decision maker, based upon…View ↗
Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for overdraft, monthly service fees, and other…View ↗
Other Service Charges and Fees: The Company earns fees from its customers for transaction-based services. Services include, safe deposit…View ↗
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10-K for FY2025, filed Mar 26, 2026
FY2025 revenue by product or service (Service charges on deposit accounts) ↗
$42.4M
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10-K for FY2025, filed Mar 26, 2026
$42.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Deposit Account
Mix
10-K for FY2025, filed Mar 26, 2026 |
61%
FY2022: 72%
|
Deposit Account, FY2025
$693K Sources
|
Mix |
|
Financial Service, Other
Usage-based
10-K for FY2025, filed Mar 26, 2026 |
39%
FY2022: 28%
|
Financial Service, Other, FY2025
$450K Sources
|
Usage-based |
Who Are Their Customers?
Local consumers, small and medium-sized businesses, and agricultural customers use the bank’s branches and online and mobile banking.
10-K for FY2025, filed Mar 26, 2026The Bank’s general market area runs along the Route 30, Route 795, Route 140, and Route 26 corridors south from Owings Mills and north to…View ↗
The Bank’s main office is located in Upperco, Maryland, and it has six additional full service branches located in the Maryland communities…View ↗
As a convenience to its customers, the Bank offers drive through automated teller machines (“ATMs”) at the Upperco, Hampstead…View ↗
The Bank provides a wide range of personal banking services designed to meet the needs of local consumers. Among the deposit services…View ↗
The Bank also is engaged in financing commerce and industry by providing credit and deposit services for small to medium size businesses…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 13 cents into free cash flow.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
Growing. Revenue grew 65% in 4 years, from $25.7M in FY2021 to $42.4M in FY2025, about 13% a year.
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