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The Farmers & Merchants Bank

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

Berlin, WI

2 branches across WI

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 110 in WI.
  • Deposits -5.7% year over year ($784.7M on the books).
  • Delinquency rate 1.98%.
  • Return on assets 1.23%.
  • Efficiency ratio 50.65% vs a 64.48% peer average.
  • Loan-to-deposit ratio 93.10% 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 110 in WI
View $100M-$1B leaderboard (WI) →

The Farmers & Merchants Bank has 1 strength but faces 8 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 13.83% below tier average

Key Concerns

Areas that may need attention

  • - Liquidity Strain: Bottom 9.3% in tier
  • - Cost Spiral: Bottom 14.5% in tier
  • - Deposit Outflow: Bottom 21.5% in tier
  • - Capital Constraint: Bottom 27.1% in tier
  • - Margin Compression: Bottom 27.4% in tier
  • - Flatlined Growth: Bottom 45.8% in tier
  • - Non-Interest-Bearing Deposit Share 13.70% below tier average
  • - Nonperforming Asset Ratio 1.25% above tier average
Get updates when The Farmers & Merchants Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Total Assets ? $949.4M
-0.3% YoY +0.0% QoQ
+$562.8M $386.6M
+1.2% YoY
$1.2B
+13.5% YoY
$6.3B
+7.7% YoY
Top 1.7% in tier
Total Loans ? $730.5M
-0.2% YoY +1.1% QoQ
+$472.1M $258.3M
+1.7% YoY
$860.4M
+13.3% YoY
$3.2B
+9.4% YoY
Top 1.5% in tier
Total Deposits ? $784.7M
-5.7% YoY -4.6% QoQ
+$457.9M $326.7M
+0.7% YoY
$935.5M
+13.1% YoY
$4.9B
+7.3% YoY
Top 2.9% in tier
Return on Assets ? 1.23%
-14.8% YoY +3.7% QoQ
-0.09% 1.32%
+10.8% YoY
1.56%
+18.6% YoY
1.30%
+12.1% YoY
49%
Net Interest Margin ? 3.42%
+4.7% YoY +2.3% QoQ
-0.57% 3.99%
+5.0% YoY
3.83%
+8.5% YoY
3.95%
+4.9% YoY
24%
Efficiency Ratio ? 50.65%
+14.8% YoY -2.3% QoQ
-13.83% 64.48%
-3.2% YoY
62.90%
-5.1% YoY
70.05%
+2.5% YoY
82%
Delinquency Rate ? 1.98%
+39.6% YoY -29.7% QoQ
+1.06% 0.92%
+15.7% YoY
0.85%
+12.5% YoY
0.98%
+16.3% YoY
Bottom 13.0% in tier
Loan-to-Deposit Ratio ? 93.10%
+5.9% YoY +6.0% QoQ
+15.14% 77.95%
+1.0% YoY
87.22%
+0.9% YoY
79.03%
+2.3% YoY
20%
Non-Interest-Bearing Deposit Share ? 8.33%
+1.3% YoY -5.3% QoQ
-13.70% 22.03%
-0.6% YoY
18.65%
-1.9% YoY
21.98%
-0.6% YoY
Bottom 7.6% in tier
Nonperforming Asset Ratio ? 1.92%
+76.1% YoY -10.4% QoQ
+1.25% 0.67%
+16.4% YoY
0.63%
+16.4% YoY
0.69%
+15.8% YoY
Bottom 8.0% in tier
Tier 1 Capital Ratio ? 12.76%
+7.2% YoY +1.7% QoQ
-3.15% 15.91%
+1.4% YoY
15.02%
+1.5% YoY
17.09%
+0.8% YoY
45%
Non-Interest Income / Assets ? 0.10%
-26.3% YoY +92.5% QoQ
-0.47% 0.57%
+7.6% YoY
2.21%
+12.7% YoY
0.66%
+5.2% YoY
18%

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 (WI) National Avg Tier Percentile
Noninterest-Bearing 8.3%
+0.1pp YoY
-0.5pp QoQ
 -13.8pp 22.1% 18.9% 22.2% 7%
Brokered Deposits 51.3%
-5.3pp YoY
0.0pp QoQ
 +43.4pp 7.9% 9.2% 8.5% 99%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
C&I 19.6%
-1.9pp YoY
-1.1pp QoQ
 +8.0pp 11.6% 10.5% 12.5% 87%
CRE 52.7%
+2.4pp YoY
+2.6pp QoQ
 +13.2pp 39.5% 46.4% 41.4% 75%
1-4 Family 22.3%
+0.1pp YoY
-1.3pp QoQ
 -10.4pp 32.6% 32.3% 31.3% 35%
Consumer 1.0%
0.0pp YoY
0.0pp QoQ
 -3.2pp 4.1% 2.6% 5.0% 27%

Capital

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
CET1 Ratio 12.8%
+0.9pp YoY
+0.2pp QoQ
 -6.1pp 18.8% 15.5% 19.7% 24%
Leverage Ratio 10.0%
+0.8pp YoY
+0.2pp QoQ
 -2.1pp 12.2% 12.6% 12.6% 32%
Total Capital Ratio 14.0%
+0.9pp YoY
+0.2pp QoQ
 -5.9pp 19.9% 16.6% 20.8% 26%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Full-Time Employees 71
+13 (+22.4%) YoY
+8 (+12.7%) QoQ
 +12 58 134 482 72%
Assets per Employee ($) $13.4M
-18.6% YoY
-11.2% QoQ
 +$5.9M $7.5M $8.2M $8.8M 95%
Branch Count 2
0 YoY
0 QoQ
 -3 4 9 18 11%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
Past Due 90+ Days n/a n/a 0.3% 0.4% 0.4% n/a
Nonaccrual 2.0%
+0.6pp YoY
-0.8pp QoQ
 +1.0pp 0.9% 0.9% 1.0% 87%
Allowance Coverage 0.72x
-10.6% YoY
+46.1% QoQ
 -23.44x 24.15x 56.89x 20.23x 18%
Net Charge-off Rate (YTD) 0.3%
0.0pp YoY
+0.1pp QoQ
 +0.1pp 0.1% 0.0% 0.2% 89%

Profitability

Metric Current vs Tier Tier Avg State Avg (WI) National Avg Tier Percentile
ROE 14.2%
-5.0pp YoY
+0.1pp QoQ
 +2.0pp 12.2% 11.8% 11.6% 64%
Cost of Funds (YTD) 2.9%
-0.1pp YoY
0.0pp QoQ
 +1.2pp 1.7% 1.8% 1.7% 96%
Net Income ($, YTD) $5.9M
-13.9% YoY
— QoQ
 +$3.3M $2.6M $7.9M $40.4M 91%

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 (6)

Liquidity Strain

risk
#65 of 691 • Bottom 9.3% in tier

Loan-to-deposit ratio above 90% - loan demand outpacing deposits. Bumping against liquidity limits, funding solutions needed.

Why this signature
Loan-to-Deposit Ratio: 93.10%
(Tier: 77.95%, National: 79.03%)
worse than tier avg
691 of 691 Community banks match · 1092 nationally
→ Stable +81 banks QoQ

Cost Spiral

risk
#21 of 138 • Bottom 14.5% 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: 50.65%
(Tier: 64.48%, National: 70.05%)
better than tier avg
138 of 138 Community banks match · 184 nationally
→ Stable +9 banks QoQ | QoQ rank improving

Deposit Outflow

decline
#116 of 535 • Bottom 21.5% in tier

Deposits down 0.5%+ YoY. Funding base eroding - rate competition or franchise weakness.

535 of 535 Community banks match · 686 nationally
→ Stable +31 banks QoQ

Capital Constraint

risk
#30 of 107 • Bottom 27.1% in tier

Strong balance sheet under pressure - deposits leaving while lending capacity maxed. Need funding solutions before hitting regulatory limits.

Why this signature
Loan-to-Deposit Ratio: 93.10%
(Tier: 77.95%, National: 79.03%)
worse than tier avg
Tier 1 Capital Ratio: 12.76%
(Tier: 15.91%, National: 17.09%)
worse than tier avg
107 of 107 Community banks match · 143 nationally
→ Stable -5 banks QoQ

Margin Compression

decline
#85 of 307 • Bottom 27.4% 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: 1.23%
(Tier: 1.32%, National: 1.30%)
worse than tier avg
307 of 307 Community banks match · 413 nationally
→ Stable +8 banks QoQ

Flatlined Growth

risk
#243 of 529 • Bottom 45.8% in tier

Asset growth stalled (-2% to +2% YoY) despite healthy profitability (>0.25% ROA). Suggests untapped opportunity or strategic drift worth investigating.

Why this signature
Return on Assets: 1.23%
(Tier: 1.32%, National: 1.30%)
worse than tier avg
529 of 529 Community banks match · 719 nationally
→ Stable +34 banks QoQ | QoQ rank improving

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 2643 peers in $100M-$1B

Top Strengths (4 metrics)

41
Total Loans
size
Value: $730.48M
Peer Median: $258.35M
#41 of 2643 Top 1.5% in $100M-$1B
46
Total Assets
size
Value: $949.40M
Peer Median: $386.57M
#46 of 2643 Top 1.7% in $100M-$1B
78
Total Deposits
size
Value: $784.65M
Peer Median: $326.73M
#78 of 2643 Top 2.9% in $100M-$1B
476
Efficiency Ratio
profitability
Value: 50.65%
Peer Median: 64.48%
#476 of 2643 Top 18.0% in $100M-$1B

Top Weaknesses (6 metrics)

2442
Non-Interest-Bearing Deposit Share
funding
Value: 8.33%
Peer Median: 22.03%
#2442 of 2643 Bottom 7.6% in $100M-$1B
2433
Nonperforming Asset Ratio
credit_quality
Value: 1.92%
Peer Median: 0.67%
#2433 of 2643 Bottom 8.0% in $100M-$1B
2292
Delinquency Rate
credit_quality
Value: 1.98%
Peer Median: 0.92%
#2292 of 2633 Bottom 13.0% in $100M-$1B
2173
Non-Interest Income / Assets
revenue_mix
Value: 0.10%
Peer Median: 0.57%
#2173 of 2643 Bottom 17.8% in $100M-$1B
2114
Loan-to-Deposit Ratio
liquidity
Value: 93.10%
Peer Median: 77.95%
#2114 of 2643 Bottom 20.1% in $100M-$1B
2011
Net Interest Margin
profitability
Value: 3.42%
Peer Median: 3.99%
#2011 of 2643 Bottom 24.0% in $100M-$1B
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