BlastPoint's Banking Scorecard

Farmers and Merchants State Bank

$100M-$1B Specialty: Agricultural IA FDIC cert 15610

Winterset, IA

5 branches across IA

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 167 in IA.
Deposits +5.0% year over year ($241.1M on the books).
Delinquency rate 0.00%.
Return on assets 1.20%.
Efficiency ratio 57.36% vs a 64.48% peer average.
Loan-to-deposit ratio 68.22% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 167 in IA

View $100M-$1B leaderboard (IA) →

Farmers and Merchants State Bank has 3 strengths but faces 2 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.

Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

+ Credit Quality Leader: Top 31.0% in tier
+ Nonperforming Asset Ratio 0.67% below tier average
+ Efficiency Ratio 7.12% below tier average

Key Concerns

Areas that may need attention

- ROA 0.13% below tier average
- Net Interest Margin 0.34% below tier average

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Core Metrics

As of 2026-Q2

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
Total Assets ?	$271.7M +5.0% YoY +2.4% QoQ	-$114.8M	$386.6M +1.2% YoY	$566.2M +5.8% YoY	$6.3B +7.7% YoY	41%
Total Loans ?	$164.5M +4.8% YoY +2.2% QoQ	-$93.9M	$258.3M +1.7% YoY	$385.0M +5.4% YoY	$3.2B +9.4% YoY	39%
Total Deposits ?	$241.1M +5.0% YoY +2.3% QoQ	-$85.7M	$326.7M +0.7% YoY	$472.4M +6.3% YoY	$4.9B +7.3% YoY	43%
Return on Assets ?	1.20% -3.6% YoY +6.7% QoQ	-0.13%	1.32% +10.8% YoY	1.58% +39.1% YoY	1.30% +12.1% YoY	47%
Net Interest Margin ?	3.65% +5.2% YoY +0.5% QoQ	-0.34%	3.99% +5.0% YoY	3.58% +9.0% YoY	3.95% +4.9% YoY	34%
Efficiency Ratio ?	57.36% +3.7% YoY -6.0% QoQ	-7.12%	64.48% -3.2% YoY	57.74% -6.0% YoY	70.05% +2.5% YoY	65%
Delinquency Rate ?	0.00%	-0.92%	0.92% +15.7% YoY	0.99% +12.8% YoY	0.98% +16.3% YoY	Top 0.1% in tier
Loan-to-Deposit Ratio ?	68.22% -0.2% YoY -0.1% QoQ	-9.73%	77.95% +1.0% YoY	80.39% +2.7% YoY	79.03% +2.3% YoY	72%
Non-Interest-Bearing Deposit Share ?	25.54% -5.8% YoY -9.5% QoQ	+3.51%	22.03% -0.6% YoY	17.72% +0.8% YoY	21.98% -0.6% YoY	68%
Nonperforming Asset Ratio ?	0.00%	-0.67%	0.67% +16.4% YoY	0.63% +7.9% YoY	0.69% +15.8% YoY	Top 0.1% in tier
Tier 1 Capital Ratio ?	16.13% +3.0% YoY +2.3% QoQ	+0.22%	15.91% +1.4% YoY	14.69% +3.0% YoY	17.09% +0.8% YoY	73%
Non-Interest Income / Assets ?	0.16% -4.1% YoY +123.2% QoQ	-0.41%	0.57% +7.6% YoY	0.24% +5.5% YoY	0.66% +5.2% YoY	37%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
Noninterest-Bearing	25.5% -1.6pp YoY -2.7pp QoQ	+3.4pp	22.1%	17.8%	22.2%	68%
Brokered Deposits	n/a	n/a	7.9%	6.0%	8.5%	n/a

Loan Composition

% of total loans & leases

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
C&I	6.4% 0.0pp YoY +0.3pp QoQ	-5.2pp	11.6%	12.8%	12.5%	28%
CRE	11.1% -0.3pp YoY -0.2pp QoQ	-28.5pp	39.5%	28.3%	41.4%	6%
1-4 Family	24.1% -0.7pp YoY -0.1pp QoQ	-8.5pp	32.6%	23.0%	31.3%	39%
Consumer	4.6% -0.4pp YoY -0.1pp QoQ	+0.5pp	4.1%	2.9%	5.0%	75%

Capital

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
CET1 Ratio	16.1% +0.5pp YoY +0.4pp QoQ	-2.7pp	18.8%	15.4%	19.7%	58%
Leverage Ratio	10.7% +0.6pp YoY +0.3pp QoQ	-1.5pp	12.2%	12.4%	12.6%	44%
Total Capital Ratio	17.0% +0.5pp YoY +0.4pp QoQ	-2.9pp	19.9%	16.5%	20.8%	57%

Efficiency & Staffing

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
Full-Time Employees	32 +1 (+3.2%) YoY +2 (+6.7%) QoQ	-27	58	64	482	30%
Assets per Employee ($)	$8.5M +1.8% YoY -4.0% QoQ	+$974K	$7.5M	$8.9M	$8.8M	74%
Branch Count	5 +1 (+25.0%) YoY +1 (+25.0%) QoQ	0	4	5	18	55%

Asset Quality

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
Past Due 90+ Days	n/a	n/a	0.3%	0.4%	0.4%	n/a
Nonaccrual	n/a	n/a	0.9%	1.0%	1.0%	n/a
Allowance Coverage	n/a	n/a	24.15x	18.97x	20.23x	n/a
Net Charge-off Rate (YTD)	0.0% 0.0pp YoY 0.0pp QoQ	-0.1pp	0.1%	0.1%	0.2%	57%

Profitability

Metric	Current	vs Tier	Tier Avg	State Avg (IA)	National Avg	Tier Percentile
ROE	12.2% -1.4pp YoY +0.7pp QoQ	0.0pp	12.2%	12.8%	11.6%	51%
Cost of Funds (YTD)	1.4% -0.1pp YoY 0.0pp QoQ	-0.3pp	1.7%	1.8%	1.7%	30%
Net Income ($, YTD)	$1.6M -0.2% YoY — QoQ	-$951K	$2.6M	$4.0M	$40.4M	44%

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$250B+

12 performance metrics with tier, state, and national benchmarks

Signature behaviors (strengths & concerns)

Metric and signature rankings across 4,287 FDIC-insured banks

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Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).

Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Credit Quality Leader

growth

#205 of 659 • Top 31.0% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why this signature

Delinquency Rate: 0.00%

(Tier: 0.92%, National: 0.98%)

better than tier avg

659 of 659 Community banks match · 920 nationally

→ Stable +1 banks QoQ | QoQ rank improving

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).

Concerns are metrics in the bottom 25% (25th percentile or lower).

Compare against:

Comparing against 2643 peers in $100M-$1B

Top Strengths (2 metrics)

Delinquency Rate

credit_quality

Value: 0.00%

Peer Median: 0.92%

#1 of 2633 Top 0.1% in $100M-$1B

Nonperforming Asset Ratio

credit_quality

Value: 0.00%

Peer Median: 0.67%

#1 of 2643 Top 0.1% in $100M-$1B

Top Weaknesses (0 metrics)

No weakness rankings available