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Farmers and Merchants State Bank

$100M-$1B Specialty: Agricultural ND FDIC cert 21728

Langdon, ND

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 34 in ND.
  • Deposits +3.9% year over year ($105.6M on the books).
  • Delinquency rate 1.88%.
  • Return on assets 1.54%.
  • Efficiency ratio 51.14% vs a 64.48% peer average.
  • Loan-to-deposit ratio 75.85% 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 34 in ND
View $100M-$1B leaderboard (ND) →

Farmers and Merchants State Bank has 2 strengths but faces 5 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

  • + ROA 0.22% above tier average
  • + Efficiency Ratio 13.34% below tier average

Key Concerns

Areas that may need attention

  • - Flatlined Growth: Bottom 48.8% in tier
  • - NIB Deposit Bleed: Bottom 73.5% in tier
  • - Non-Interest Income / Assets 0.51% below tier average
  • - Net Interest Margin 0.56% below tier average
  • - Delinquency Rate 0.96% above tier average
Get updates when Farmers and Merchants State Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (ND) National Avg Tier Percentile
Total Assets ? $143.1M
-1.8% YoY +2.2% QoQ
-$243.5M $386.6M
+1.2% YoY
$1.1B
+6.9% YoY
$6.3B
+7.7% YoY
Bottom 12.2% in tier
Total Loans ? $80.1M
+2.4% YoY +3.1% QoQ
-$178.2M $258.3M
+1.7% YoY
$805.2M
+6.2% YoY
$3.2B
+9.4% YoY
Bottom 10.4% in tier
Total Deposits ? $105.6M
+3.9% YoY -3.6% QoQ
-$221.1M $326.7M
+0.7% YoY
$922.2M
+5.0% YoY
$4.9B
+7.3% YoY
Bottom 7.3% in tier
Return on Assets ? 1.54%
+53.8% YoY +8.8% QoQ
+0.22% 1.32%
+10.8% YoY
1.44%
+8.8% YoY
1.30%
+12.1% YoY
67%
Net Interest Margin ? 3.43%
+18.5% YoY +2.2% QoQ
-0.56% 3.99%
+5.0% YoY
3.79%
+4.3% YoY
3.95%
+4.9% YoY
24%
Efficiency Ratio ? 51.14%
-20.6% YoY -2.3% QoQ
-13.34% 64.48%
-3.2% YoY
59.23%
-3.7% YoY
70.05%
+2.5% YoY
81%
Delinquency Rate ? 1.88%
+208.9% YoY -60.0% QoQ
+0.96% 0.92%
+15.7% YoY
0.86%
+16.6% YoY
0.98%
+16.3% YoY
Bottom 14.0% in tier
Loan-to-Deposit Ratio ? 75.85%
-1.5% YoY +7.0% QoQ
-2.11% 77.95%
+1.0% YoY
73.82%
-0.7% YoY
79.03%
+2.3% YoY
58%
Non-Interest-Bearing Deposit Share ? 16.78%
-13.9% YoY -10.8% QoQ
-5.25% 22.03%
-0.6% YoY
21.56%
+2.8% YoY
21.98%
-0.6% YoY
32%
Nonperforming Asset Ratio ? 1.05%
+222.3% YoY -59.6% QoQ
+0.38% 0.67%
+16.4% YoY
0.54%
+8.1% YoY
0.69%
+15.8% YoY
19%
Tier 1 Capital Ratio ? 15.70%
+10.3% YoY +6.2% QoQ
-0.21% 15.91%
+1.4% YoY
12.90%
+0.7% YoY
17.09%
+0.8% YoY
70%
Non-Interest Income / Assets ? 0.06%
+29.7% YoY +78.7% QoQ
-0.51% 0.57%
+7.6% YoY
0.22%
-1.4% YoY
0.66%
+5.2% YoY
Bottom 7.2% 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 (ND) National Avg Tier Percentile
Noninterest-Bearing 16.8%
-2.7pp YoY
-2.0pp QoQ
 -5.4pp 22.1% 21.6% 22.2% 31%
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 (ND) National Avg Tier Percentile
C&I 11.8%
+0.1pp YoY
+0.2pp QoQ
 +0.3pp 11.6% 12.9% 12.5% 62%
CRE 5.5%
-1.5pp YoY
-1.6pp QoQ
 -34.0pp 39.5% 29.0% 41.4% 1%
1-4 Family 1.5%
-0.2pp YoY
-0.1pp QoQ
 -31.1pp 32.6% 12.3% 31.3% 2%
Consumer 4.0%
-0.2pp YoY
0.0pp QoQ
 -0.1pp 4.1% 4.5% 5.0% 70%

Capital

Metric Current vs Tier Tier Avg State Avg (ND) National Avg Tier Percentile
CET1 Ratio n/a n/a 18.8% 15.3% 19.7% n/a
Leverage Ratio 15.7%
+1.5pp YoY
+0.9pp QoQ
 +3.5pp 12.2% 10.7% 12.6% 90%
Total Capital Ratio n/a n/a 19.9% 16.3% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (ND) National Avg Tier Percentile
Full-Time Employees 13
+1 (+8.3%) YoY
+1 (+8.3%) QoQ
 -46 58 138 482 2%
Assets per Employee ($) $11.0M
-9.4% YoY
-5.7% QoQ
 +$3.5M $7.5M $8.3M $8.8M 90%
Branch Count 1
0 YoY
0 QoQ
 -4 4 7 18 0%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (ND) National Avg Tier Percentile
Past Due 90+ Days 1.9%
+1.3pp YoY
-2.8pp QoQ
 +1.6pp 0.3% 0.5% 0.4% 97%
Nonaccrual n/a n/a 0.9% 0.7% 1.0% n/a
Allowance Coverage 0.54x
-59.0% YoY
+244.7% QoQ
 -23.61x 24.15x 73.79x 20.23x 11%
Net Charge-off Rate (YTD) n/a n/a 0.1% 0.1% 0.2% n/a

Profitability

Metric Current vs Tier Tier Avg State Avg (ND) National Avg Tier Percentile
ROE 10.8%
+2.8pp YoY
+0.8pp QoQ
 -1.4pp 12.2% 16.0% 11.6% 42%
Cost of Funds (YTD) 1.9%
-0.3pp YoY
0.0pp QoQ
 +0.2pp 1.7% 1.7% 1.7% 65%
Net Income ($, YTD) $1.1M
+53.5% YoY
— QoQ
 -$1.4M $2.6M $7.0M $40.4M 30%

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)

Flatlined Growth

risk
#259 of 529 • Bottom 48.8% 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: 1.54%
(Tier: 1.32%, National: 1.30%)
better than tier avg
529 of 529 Community banks match · 719 nationally
→ Stable +34 banks QoQ | QoQ rank declining

NIB Deposit Bleed

decline
#120 of 162 • Bottom 73.5% in tier

Non-interest-bearing deposit share dropped 2+ pp YoY and now below the tier median. Cheap funding leaving for higher-yield competitors.

Why this signature
Noninterest-Bearing Deposit Share: 16.78%
(Tier: 22.03%, National: 21.98%)
worse than tier avg
162 of 162 Community banks match · 211 nationally
↓ Shrinking -26 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 (1 metrics)

512
Efficiency Ratio
profitability
Value: 51.14%
Peer Median: 64.48%
#512 of 2643 Top 19.3% in $100M-$1B

Top Weaknesses (7 metrics)

2454
Non-Interest Income / Assets
revenue_mix
Value: 0.06%
Peer Median: 0.57%
#2454 of 2643 Bottom 7.2% in $100M-$1B
2452
Total Deposits
size
Value: $105.62M
Peer Median: $326.73M
#2452 of 2643 Bottom 7.3% in $100M-$1B
2369
Total Loans
size
Value: $80.11M
Peer Median: $258.35M
#2369 of 2643 Bottom 10.4% in $100M-$1B
2321
Total Assets
size
Value: $143.12M
Peer Median: $386.57M
#2321 of 2643 Bottom 12.2% in $100M-$1B
2265
Delinquency Rate
credit_quality
Value: 1.88%
Peer Median: 0.92%
#2265 of 2633 Bottom 14.0% in $100M-$1B
2139
Nonperforming Asset Ratio
credit_quality
Value: 1.05%
Peer Median: 0.67%
#2139 of 2643 Bottom 19.1% in $100M-$1B
2004
Net Interest Margin
profitability
Value: 3.43%
Peer Median: 3.99%
#2004 of 2643 Bottom 24.2% in $100M-$1B
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