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Farmers & Merchants Bank

$100M-$1B Specialty: Commercial NC FDIC cert 2036

Granite Quarry, NC

12 branches across NC

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 17 in NC.
  • Deposits +6.6% year over year ($842.6M on the books).
  • Delinquency rate 0.80%.
  • Return on assets 2.55%.
  • Efficiency ratio 47.88% vs a 64.48% peer average.
  • Loan-to-deposit ratio 62.99% 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 17 in NC
View $100M-$1B leaderboard (NC) →

Farmers & Merchants Bank has 5 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

  • + Revenue Diversifier: Top 15.6% in tier
  • + Profitability Leader: Top 18.3% in tier
  • + Deposit Franchise: Top 42.8% in tier
  • + Efficiency Ratio 16.60% below tier average
  • + Delinquency Rate 0.11% below tier average

Key Concerns

Areas that may need attention

  • - Liquidity Overhang: Bottom 35.7% in tier
  • - Credit Risk Growth: Bottom 37.2% in tier
Get updates when Farmers & Merchants Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (NC) National Avg Tier Percentile
Total Assets ? $998.8M
+7.3% YoY +1.3% QoQ
+$612.2M $386.6M
+1.2% YoY
$92.1B
+0.4% YoY
$6.3B
+7.7% YoY
Top 0.1% in tier
Total Loans ? $530.7M
+2.2% YoY +2.8% QoQ
+$272.3M $258.3M
+1.7% YoY
$45.3B
+5.8% YoY
$3.2B
+9.4% YoY
Top 9.1% in tier
Total Deposits ? $842.6M
+6.6% YoY +1.4% QoQ
+$515.8M $326.7M
+0.7% YoY
$72.9B
+1.1% YoY
$4.9B
+7.3% YoY
Top 0.8% in tier
Return on Assets ? 2.55%
+14.7% YoY +2.8% QoQ
+1.22% 1.32%
+10.8% YoY
1.06%
+26.4% YoY
1.30%
+12.1% YoY
Top 4.4% in tier
Net Interest Margin ? 5.09%
-2.2% YoY +1.7% QoQ
+1.10% 3.99%
+5.0% YoY
3.48%
+5.1% YoY
3.95%
+4.9% YoY
Top 7.0% in tier
Efficiency Ratio ? 47.88%
-8.6% YoY -0.6% QoQ
-16.60% 64.48%
-3.2% YoY
69.25%
-8.2% YoY
70.05%
+2.5% YoY
Top 12.8% in tier
Delinquency Rate ? 0.80%
+303.5% YoY +18.2% QoQ
-0.11% 0.92%
+15.7% YoY
0.62%
+17.0% YoY
0.98%
+16.3% YoY
34%
Loan-to-Deposit Ratio ? 62.99%
-4.1% YoY +1.4% QoQ
-14.97% 77.95%
+1.0% YoY
80.66%
+1.6% YoY
79.03%
+2.3% YoY
79%
Non-Interest-Bearing Deposit Share ? 32.98%
-3.3% YoY +4.6% QoQ
+10.95% 22.03%
-0.6% YoY
18.90%
+1.9% YoY
21.98%
-0.6% YoY
Top 12.6% in tier
Nonperforming Asset Ratio ? 0.43%
+74.5% YoY +19.9% QoQ
-0.24% 0.67%
+16.4% YoY
0.44%
+14.6% YoY
0.69%
+15.8% YoY
43%
Tier 1 Capital Ratio ? 25.46%
+7.7% YoY -0.0% QoQ
+9.55% 15.91%
+1.4% YoY
20.01%
+3.4% YoY
17.09%
+0.8% YoY
Top 6.5% in tier
Non-Interest Income / Assets ? 0.54%
+13.2% YoY +84.8% QoQ
-0.03% 0.57%
+7.6% YoY
0.43%
+2.6% YoY
0.66%
+5.2% YoY
Top 8.4% in tier

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 (NC) National Avg Tier Percentile
Noninterest-Bearing 33.0%
-1.1pp YoY
+1.4pp QoQ
 +10.8pp 22.1% 21.8% 22.2% 87%
Brokered Deposits n/a n/a 7.9% 7.7% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (NC) National Avg Tier Percentile
C&I 2.6%
-0.5pp YoY
-0.2pp QoQ
 -9.0pp 11.6% 10.5% 12.5% 8%
CRE 74.5%
-0.1pp YoY
+0.3pp QoQ
 +34.9pp 39.5% 46.3% 41.4% 95%
1-4 Family 24.3%
+0.6pp YoY
-0.2pp QoQ
 -8.3pp 32.6% 44.2% 31.3% 40%
Consumer 0.4%
0.0pp YoY
0.0pp QoQ
 -3.7pp 4.1% 1.6% 5.0% 14%

Capital

Metric Current vs Tier Tier Avg State Avg (NC) National Avg Tier Percentile
CET1 Ratio 25.5%
+1.8pp YoY
0.0pp QoQ
 +6.6pp 18.8% 22.8% 19.7% 90%
Leverage Ratio 15.3%
+0.8pp YoY
+0.1pp QoQ
 +3.1pp 12.2% 14.4% 12.6% 88%
Total Capital Ratio 26.7%
+1.8pp YoY
0.0pp QoQ
 +6.8pp 19.9% 23.8% 20.8% 90%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (NC) National Avg Tier Percentile
Full-Time Employees 123
-1 (-0.8%) YoY
-4 (-3.1%) QoQ
 +64 58 5,103 482 94%
Assets per Employee ($) $8.1M
+8.1% YoY
+4.6% QoQ
 +$602K $7.5M $9.4M $8.8M 69%
Branch Count 12
0 YoY
0 QoQ
 +7 4 170 18 95%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (NC) National Avg Tier Percentile
Past Due 90+ Days 0.2%
0.0pp YoY
+0.1pp QoQ
 -0.2pp 0.3% 0.1% 0.4% 61%
Nonaccrual 0.6%
+0.6pp YoY
0.0pp QoQ
 -0.3pp 0.9% 0.7% 1.0% 60%
Allowance Coverage 2.42x
-76.1% YoY
-17.5% QoQ
 -21.73x 24.15x 3.36x 20.23x 53%
Net Charge-off Rate (YTD) -0.3%
-0.2pp YoY
-0.1pp QoQ
 -0.4pp 0.1% 0.1% 0.2% 1%

Profitability

Metric Current vs Tier Tier Avg State Avg (NC) National Avg Tier Percentile
ROE 17.1%
+1.4pp YoY
+0.4pp QoQ
 +4.9pp 12.2% 8.7% 11.6% 78%
Cost of Funds (YTD) 0.7%
0.0pp YoY
0.0pp QoQ
 -1.0pp 1.7% 1.8% 1.7% 4%
Net Income ($, YTD) $12.5M
+23.0% YoY
— QoQ
 +$10.0M $2.6M $518.0M $40.4M 99%

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 (3)

Revenue Diversifier

growth
#104 of 661 • Top 15.6% in tier

Top-quartile non-interest income relative to assets. Revenue less dependent on spread - more resilient to rate cycles.

Why this signature
Noninterest Income / Assets: 0.54%
(Tier: 0.57%, National: 0.66%)
but worse than tier avg
Return on Assets: 2.55%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank declining

Profitability Leader

growth
#122 of 661 • Top 18.3% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 2.55%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank improving

Deposit Franchise

growth
#120 of 278 • Top 42.8% in tier

Top-quartile non-interest-bearing deposits AND top-quartile NIM. A premium deposit franchise translating into above-peer spread.

Why this signature
Noninterest-Bearing Deposit Share: 32.98%
(Tier: 22.03%, National: 21.98%)
better than tier avg
Net Interest Margin: 5.09%
(Tier: 3.99%, National: 3.95%)
better than tier avg
278 of 278 Community banks match · 368 nationally
→ Stable -1 banks QoQ | QoQ rank improving

Concerns (2)

Liquidity Overhang

risk
#266 of 742 • Bottom 35.7% in tier

Exceptional capital position (Tier 1 >= 16%, top quartile). Strong fundamentals - opportunity to deploy capital more productively.

Why this signature
Tier 1 Capital Ratio: 25.46%
(Tier: 15.91%, National: 17.09%)
better than tier avg
Loan-to-Deposit Ratio: 62.99%
(Tier: 77.95%, National: 79.03%)
better than tier avg
742 of 742 Community banks match · 940 nationally
→ Stable +7 banks QoQ

Credit Risk Growth

risk
#349 of 936 • Bottom 37.2% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

936 of 936 Community banks match · 1401 nationally
→ Stable -58 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).
Comparing against 2643 peers in $100M-$1B

Top Strengths (10 metrics)

2
Total Assets
size
Value: $998.75M
Peer Median: $386.57M
#2 of 2643 Top 0.1% in $100M-$1B
22
Total Deposits
size
Value: $842.55M
Peer Median: $326.73M
#22 of 2643 Top 0.8% in $100M-$1B
116
Return on Assets
profitability
Value: 2.55%
Peer Median: 1.32%
#116 of 2643 Top 4.4% in $100M-$1B
172
Tier 1 Capital Ratio
capital
Value: 25.46%
Peer Median: 15.91%
#172 of 2643 Top 6.5% in $100M-$1B
185
Net Interest Margin
profitability
Value: 5.09%
Peer Median: 3.99%
#185 of 2643 Top 7.0% in $100M-$1B
222
Non-Interest Income / Assets
revenue_mix
Value: 0.54%
Peer Median: 0.57%
#222 of 2643 Top 8.4% in $100M-$1B
241
Total Loans
size
Value: $530.69M
Peer Median: $258.35M
#241 of 2643 Top 9.1% in $100M-$1B
334
Non-Interest-Bearing Deposit Share
funding
Value: 32.98%
Peer Median: 22.03%
#334 of 2643 Top 12.6% in $100M-$1B
339
Efficiency Ratio
profitability
Value: 47.88%
Peer Median: 64.48%
#339 of 2643 Top 12.8% in $100M-$1B
554
Loan-to-Deposit Ratio
liquidity
Value: 62.99%
Peer Median: 77.95%
#554 of 2643 Top 20.9% in $100M-$1B

Top Weaknesses (0 metrics)

No weakness rankings available
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