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Farmers and Merchants State Bank

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

Winterset, IA

5 branches across IA

2664 banks in the $100M-$1B peer group nationally 166 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 33.7% in tier
  • + Nonperforming Asset Ratio 0.64% below tier average
  • + Efficiency Ratio 4.26% below tier average

Key Concerns

Areas that may need attention

  • - ROA 0.15% below tier average
  • - Net Interest Margin 0.30% below tier average
Get updates when Farmers and Merchants State Bank releases new data →

Core Metrics

As of 2026-Q1

Metric Current vs Tier Tier Avg State Avg (IA) National Avg Tier Percentile
Total Assets ? $265.5M
+2.5% YoY -0.8% QoQ
-$120.6M $386.1M
+0.5% YoY
$560.1M
+4.8% YoY
$6.2B
+9.1% YoY
40%
Total Loans ? $161.0M
+5.8% YoY -1.4% QoQ
-$94.7M $255.7M
+1.1% YoY
$379.9M
+5.0% YoY
$3.2B
+10.8% YoY
39%
Total Deposits ? $235.7M
+2.1% YoY -1.0% QoQ
-$92.3M $328.0M
+0.1% YoY
$469.6M
+4.4% YoY
$4.8B
+8.2% YoY
42%
Return on Assets ? 1.12%
-7.6% YoY -9.5% QoQ
-0.15% 1.27%
+12.9% YoY
1.31%
+22.6% YoY
1.23%
+13.4% YoY
45%
Net Interest Margin ? 3.63%
+5.2% YoY +2.2% QoQ
-0.30% 3.93%
+6.0% YoY
3.52%
+10.3% YoY
3.89%
+5.7% YoY
37%
Efficiency Ratio ? 61.02%
+8.1% YoY +11.4% QoQ
-4.26% 65.29%
-4.5% YoY
58.40%
-7.6% YoY
66.95%
-4.1% YoY
57%
Delinquency Rate ? 0.00% -0.89% 0.89%
+18.8% YoY
0.92%
+14.5% YoY
0.95%
+18.8% YoY
Top 0.1% in tier
Loan-to-Deposit Ratio ? 68.31%
+3.7% YoY -0.4% QoQ
-8.33% 76.64%
+0.8% YoY
77.40%
+1.1% YoY
76.70%
+0.9% YoY
70%
Non-Interest-Bearing Deposit Share ? 28.23%
+7.0% YoY -5.8% QoQ
+6.21% 22.02%
-1.0% YoY
17.87%
+0.7% YoY
22.01%
-1.2% YoY
77%
Nonperforming Asset Ratio ? 0.00% -0.64% 0.64%
+19.7% YoY
0.58%
+11.7% YoY
0.67%
+19.3% YoY
Top 0.1% in tier
Tier 1 Capital Ratio ? 15.77%
+0.1% YoY +1.7% QoQ
-0.06% 15.83%
+1.5% YoY
14.34%
+1.8% YoY
17.06%
+0.8% YoY
71%
Non-Interest Income / Assets ? 0.07%
+1.4% YoY -77.2% QoQ
-0.21% 0.28%
+9.3% YoY
0.12%
+10.7% YoY
0.32%
+4.1% YoY
32%

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
#225 of 664 • Top 33.7% 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: 0.89%, National: 0.95%)
better than tier avg
664 of 664 Community banks match · 922 nationally
→ Stable +2 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).
Comparing against 2664 peers in $100M-$1B

Top Strengths (3 metrics)

1
Delinquency Rate
credit_quality
Value: 0.00%
Peer Median: 0.89%
#1 of 2654 Top 0.1% in $100M-$1B
1
Nonperforming Asset Ratio
credit_quality
Value: 0.00%
Peer Median: 0.64%
#1 of 2664 Top 0.1% in $100M-$1B
611
Non-Interest-Bearing Deposit Share
funding
Value: 28.23%
Peer Median: 22.02%
#611 of 2664 Top 22.9% in $100M-$1B

Top Weaknesses (0 metrics)

No weakness rankings available
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