The Farmers & Merchants State Bank

What sets The Farmers & Merchants State Bank apart

How large is The Farmers & Merchants State Bank?

The balance sheet of The Farmers & Merchants State Bank at Q2 2026: assets $3.5 bn, deposits $2.9 bn, net loans $2.7 bn (loans equal to 93.26% of deposits). Securities make up 12.6% of total assets at The Farmers & Merchants State Bank. Since Q1 2016, when The Farmers & Merchants State Bank held $989.1 mn, its assets grew 252.9%. In the year to Q2 2026, deposits at The Farmers & Merchants State Bank rose 5.9% while its total assets rose 4.6%. At Q2 2026, The Farmers & Merchants State Bank employed 477 full-time equivalent staff across 41 offices, about $7.3 mn of assets per employee and $70.1 mn of deposits per office.

How much funding at The Farmers & Merchants State Bank is uninsured?

At The Farmers & Merchants State Bank, uninsured deposits (above the FDIC limit) made up 11.09% of domestic deposits at Q2 2026 (-0.80 pp on a year earlier); The Farmers & Merchants State Bank ranks 466th of 500 on this measure. In dollars, The Farmers & Merchants State Bank estimated $318.7 mn of uninsured deposits.

Key facts, Q2 2026

US rank of The Farmers & Merchants State Bank: 1 = highest unless marked 1 = lowest.

The CET1 ratio of The Farmers & Merchants State Bank stood at 11.84% in Q2 2026, +0.45 pp year on year. Low and high at The Farmers & Merchants State Bank since Q1 2016: 10.77% (Q4 2023) to 14.26% (Q4 2021). Equity capital of The Farmers & Merchants State Bank at Q2 2026: $400.8 mn, or 11.5% of total assets. The Farmers & Merchants State Bank also reported a total capital ratio of 12.91% for Q2 2026, and a tier 1 leverage ratio of 9.44%.

The available-for-sale portfolio of The Farmers & Merchants State Bank showed an unrealized loss of $17.6 mn at Q2 2026; the loss narrowed by $6.6 mn over the year.

For the year to Q2 2026, The Farmers & Merchants State Bank earned a return on equity of 11.22%; return on assets: 1.28%. Net interest margin at The Farmers & Merchants State Bank: 3.54%, +0.31 pp in a year. The Farmers & Merchants State Bank net income: $22.2 mn, up 42.1% year on year. The efficiency ratio of The Farmers & Merchants State Bank was 55.51%: about 56 cents cost per revenue dollar, against 48 cents at the median peer.

At Q2 2026, noncurrent loans were 0.27% of total loans at The Farmers & Merchants State Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at The Farmers & Merchants State Bank: $2.7 bn, up 2.8% in a year.

The peer group of The Farmers & Merchants State Bank is the 6 banks nearest to it by total assets at Q2 2026: 3 larger and 3 smaller. Of the peers, 4 share the charter type of The Farmers & Merchants State Bank (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Ohio. Against them, The Farmers & Merchants State Bank shows CET1 ratio 11.84% against a peer median of 14.27%, return on equity 11.22% against a peer median of 14.38% and uninsured deposit share 11.09% against a peer median of 34.90%.

The FDIC history of The Farmers & Merchants State Bank, oldest first; figures before and after each event are not like for like.

1. 1 January 2019. Absorbed Bank of Geneva (FDIC certificate 5775).
2. 30 April 2021. Absorbed Ossian State Bank (FDIC certificate 1837).
3. 1 October 2021. Absorbed Perpetual Federal Savings Bank of Urbana (FDIC certificate 28934).
4. 1 October 2022. Absorbed Peoples Federal Savings and Loan Association (FDIC certificate 29703).

Large one-quarter moves at The Farmers & Merchants State Bank

• Total assets at The Farmers & Merchants State Bank changed by +33.1% in the quarter to 2019-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Bank of Geneva.