BlastPoint's Banking Scorecard

The Farmers & Merchants Bank

$100M-$1B Specialty: Commercial WI FDIC cert 15779

Berlin, WI

2 branches across WI

2664 banks in the $100M-$1B peer group nationally 113 in WI

The Farmers & Merchants Bank has 1 strength but faces 6 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

+ Efficiency Ratio 13.44% below tier average

Key Concerns

Areas that may need attention

- Cost Spiral: Bottom 20.6% in tier
- Margin Compression: Bottom 27.5% in tier
- Delinquency Rate 1.93% above tier average
- Non-Interest-Bearing Deposit Share 13.22% below tier average
- Nonperforming Asset Ratio 1.51% above tier average
- Net Interest Margin 0.59% below tier average

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Core Metrics

As of 2026-Q1

Metric	Current	vs Tier	Tier Avg	State Avg (WI)	National Avg	Tier Percentile
Total Assets ?	$949.0M +1.5% YoY -0.5% QoQ	+$562.9M	$386.1M +0.5% YoY	$1.1B +10.1% YoY	$6.2B +9.1% YoY	Top 1.6% in tier
Total Loans ?	$722.2M -0.8% YoY -1.4% QoQ	+$466.5M	$255.7M +1.1% YoY	$816.7M +9.9% YoY	$3.2B +10.8% YoY	Top 1.8% in tier
Total Deposits ?	$822.6M +0.4% YoY -0.5% QoQ	+$494.6M	$328.0M +0.1% YoY	$905.4M +9.0% YoY	$4.8B +8.2% YoY	Top 1.7% in tier
Return on Assets ?	1.19% -15.4% YoY -1.5% QoQ	-0.08%	1.27% +12.9% YoY	1.50% +15.4% YoY	1.23% +13.4% YoY	49%
Net Interest Margin ?	3.34% +3.6% YoY +2.3% QoQ	-0.59%	3.93% +6.0% YoY	3.77% +9.2% YoY	3.89% +5.7% YoY	24%
Efficiency Ratio ?	51.84% +19.0% YoY -2.9% QoQ	-13.44%	65.29% -4.5% YoY	64.74% -4.5% YoY	66.95% -4.1% YoY	81%
Delinquency Rate ?	2.82% +154.9% YoY +1.6% QoQ	+1.93%	0.89% +18.8% YoY	0.87% +31.3% YoY	0.95% +18.8% YoY	Bottom 6.6% in tier
Loan-to-Deposit Ratio ?	87.79% -1.2% YoY -1.0% QoQ	+11.16%	76.64% +0.8% YoY	86.53% +1.6% YoY	76.70% +0.9% YoY	29%
Non-Interest-Bearing Deposit Share ?	8.80% +24.2% YoY +7.0% QoQ	-13.22%	22.02% -1.0% YoY	18.27% -0.8% YoY	22.01% -1.2% YoY	Bottom 8.4% in tier
Nonperforming Asset Ratio ?	2.15% +149.1% YoY +0.6% QoQ	+1.51%	0.64% +19.7% YoY	0.63% +35.0% YoY	0.67% +19.3% YoY	Bottom 5.7% in tier
Tier 1 Capital Ratio ?	12.54% +8.4% YoY +1.8% QoQ	-3.29%	15.83% +1.5% YoY	14.74% +0.5% YoY	17.06% +0.8% YoY	42%
Non-Interest Income / Assets ?	0.05% -14.7% YoY -89.4% QoQ	-0.23%	0.28% +9.3% YoY	1.15% +12.5% YoY	0.32% +4.1% YoY	20%

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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 (0)

No matched strength signatures this quarter

Concerns (2)

Cost Spiral

risk

#27 of 126 • Bottom 20.6% in tier

Historically lean operator (efficiency < 75%) now seeing 5+ point efficiency ratio increase YoY despite strong profitability. Efficiency advantage eroding.

Why this signature

Efficiency Ratio: 51.84%

(Tier: 65.29%, National: 66.95%)

better than tier avg

126 of 126 Community banks match · 176 nationally

↑ Growing +82 banks QoQ

Margin Compression

decline

#85 of 305 • Bottom 27.5% in tier

Profitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.

Why this signature

Return on Assets: 1.19%

(Tier: 1.27%, National: 1.23%)

worse than tier avg

305 of 305 Community banks match · 407 nationally

↑ Growing +94 banks QoQ

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 2664 peers in $100M-$1B

Top Strengths (4 metrics)

Total Assets

size

Value: $949.00M

Peer Median: $386.08M

#44 of 2664 Top 1.6% in $100M-$1B

Total Deposits

size

Value: $822.61M

Peer Median: $327.97M

#46 of 2664 Top 1.7% in $100M-$1B

Total Loans

size

Value: $722.20M

Peer Median: $255.72M

#50 of 2664 Top 1.8% in $100M-$1B

517

Efficiency Ratio

profitability

Value: 51.84%

Peer Median: 65.29%

#517 of 2664 Top 19.4% in $100M-$1B

Top Weaknesses (5 metrics)

2514

Nonperforming Asset Ratio

credit_quality

Value: 2.15%

Peer Median: 0.64%

#2514 of 2664 Bottom 5.7% in $100M-$1B

2479

Delinquency Rate

credit_quality

Value: 2.82%

Peer Median: 0.89%

#2479 of 2654 Bottom 6.6% in $100M-$1B

2440

Non-Interest-Bearing Deposit Share

funding

Value: 8.80%

Peer Median: 22.02%

#2440 of 2664 Bottom 8.4% in $100M-$1B

2134

Non-Interest Income / Assets

revenue_mix

Value: 0.05%

Peer Median: 0.28%

#2134 of 2664 Bottom 19.9% in $100M-$1B

2037

Net Interest Margin

profitability

Value: 3.34%

Peer Median: 3.93%

#2037 of 2664 Bottom 23.6% in $100M-$1B