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Farmers & Merchants Bank

$1B-$10B Specialty: Commercial VA FDIC cert 8668

Designations: ✓ Community bank

Timberville, VA

16 branches across VA

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 885 banks in the $1B-$10B peer group nationwide — 1 of 23 in VA.
  • Deposits +5.3% year over year ($1.3B on the books).
  • Delinquency rate 0.43%.
  • Return on assets 1.24%.
  • Efficiency ratio 58.18% vs a 59.73% peer average.
  • Loan-to-deposit ratio 72.61% vs a 85.04% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

885 banks in the $1B-$10B peer group nationally 23 in VA
View $1B-$10B leaderboard (VA) →

Farmers & Merchants 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

  • + Revenue Diversifier: Top 44.1% in tier
  • + Efficiency Ratio 1.55% below tier average
  • + Delinquency Rate 0.44% below tier average

Key Concerns

Areas that may need attention

  • - ROA 0.15% below tier average
  • - Net Interest Margin 0.14% below tier average
Get updates when Farmers & Merchants Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (VA) National Avg Tier Percentile
Total Assets ? $1.4B
+6.5% YoY -0.8% QoQ
-$1.4B $2.8B
-0.6% YoY
$17.9B
+3.0% YoY
$6.3B
+7.7% YoY
29%
Total Loans ? $919.8M
+9.1% YoY +3.0% QoQ
-$1.0B $2.0B
-0.3% YoY
$10.9B
+3.1% YoY
$3.2B
+9.4% YoY
27%
Total Deposits ? $1.3B
+5.3% YoY -1.3% QoQ
-$1.1B $2.3B
-0.5% YoY
$14.1B
+3.2% YoY
$4.9B
+7.3% YoY
35%
Return on Assets ? 1.24%
+54.7% YoY +31.7% QoQ
-0.15% 1.39%
+17.0% YoY
1.34%
+70.7% YoY
1.30%
+12.1% YoY
48%
Net Interest Margin ? 3.73%
+11.4% YoY +3.8% QoQ
-0.14% 3.87%
+6.2% YoY
3.88%
+6.6% YoY
3.95%
+4.9% YoY
52%
Efficiency Ratio ? 58.18%
-17.7% YoY -17.8% QoQ
-1.55% 59.73%
-12.6% YoY
62.24%
-10.7% YoY
70.05%
+2.5% YoY
53%
Delinquency Rate ? 0.43%
-52.8% YoY -21.0% QoQ
-0.44% 0.87%
+11.7% YoY
0.72%
+0.1% YoY
0.98%
+16.3% YoY
58%
Loan-to-Deposit Ratio ? 72.61%
+3.6% YoY +4.4% QoQ
-12.43% 85.04%
-0.1% YoY
80.15%
+0.8% YoY
79.03%
+2.3% YoY
81%
Non-Interest-Bearing Deposit Share ? 23.94%
+1.4% YoY +2.9% QoQ
+2.67% 21.27%
-1.5% YoY
26.19%
+3.5% YoY
21.98%
-0.6% YoY
68%
Nonperforming Asset Ratio ? 0.28%
-51.6% YoY -17.9% QoQ
-0.39% 0.67%
+11.7% YoY
0.52%
-0.4% YoY
0.69%
+15.8% YoY
64%
Tier 1 Capital Ratio ? 13.50%
+6.1% YoY +2.4% QoQ
-1.34% 14.84%
-0.4% YoY
16.58%
+3.9% YoY
17.09%
+0.8% YoY
57%
Non-Interest Income / Assets ? 0.72%
+97.9% YoY +322.1% QoQ
+0.19% 0.53%
+2.5% YoY
0.52%
+72.6% YoY
0.66%
+5.2% YoY
Top 10.6% 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 (VA) National Avg Tier Percentile
Noninterest-Bearing 23.9%
+0.3pp YoY
+0.7pp QoQ
 +2.6pp 21.4% 26.2% 22.2% 68%
Brokered Deposits n/a n/a 9.5% 8.5% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (VA) National Avg Tier Percentile
C&I 6.6%
-0.4pp YoY
-0.1pp QoQ
 -7.4pp 14.0% 11.0% 12.5% 26%
CRE 33.2%
+0.6pp YoY
-0.5pp QoQ
 -16.8pp 50.0% 46.9% 41.4% 14%
1-4 Family 36.0%
+1.7pp YoY
+0.7pp QoQ
 +9.6pp 26.4% 32.6% 31.3% 77%
Consumer 8.6%
-3.6pp YoY
-0.6pp QoQ
 +3.8pp 4.7% 8.0% 5.0% 87%

Capital

Metric Current vs Tier Tier Avg State Avg (VA) National Avg Tier Percentile
CET1 Ratio 13.5%
+0.8pp YoY
+0.3pp QoQ
 -2.1pp 15.6% 17.2% 19.7% 50%
Leverage Ratio 9.1%
+0.4pp YoY
+0.3pp QoQ
 -2.2pp 11.3% 12.2% 12.6% 14%
Total Capital Ratio 14.4%
+0.7pp YoY
+0.3pp QoQ
 -2.3pp 16.7% 18.3% 20.8% 46%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (VA) National Avg Tier Percentile
Full-Time Employees 184
+23 (+14.3%) YoY
+5 (+2.8%) QoQ
 -130 313 1,956 482 35%
Assets per Employee ($) $7.6M
-6.8% YoY
-3.5% QoQ
 -$2.9M $10.5M $9.9M $8.8M 33%
Branch Count 16
+1 (+6.7%) YoY
+1 (+6.7%) QoQ
 -4 20 28 18 53%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (VA) National Avg Tier Percentile
Past Due 90+ Days 0.0%
0.0pp YoY
0.0pp QoQ
 -0.1pp 0.2% 0.2% 0.4% 48%
Nonaccrual 0.4%
-0.5pp YoY
-0.1pp QoQ
 -0.4pp 0.8% 0.7% 1.0% 40%
Allowance Coverage 2.05x
+88.7% YoY
+25.6% QoQ
 -16.66x 18.71x 9.47x 20.23x 50%
Net Charge-off Rate (YTD) 0.1%
-0.1pp YoY
0.0pp QoQ
 -0.2pp 0.3% 0.2% 0.2% 61%

Profitability

Metric Current vs Tier Tier Avg State Avg (VA) National Avg Tier Percentile
ROE 15.5%
+4.1pp YoY
+3.5pp QoQ
 +2.9pp 12.6% 12.0% 11.6% 76%
Cost of Funds (YTD) 1.8%
-0.4pp YoY
0.0pp QoQ
 -0.1pp 1.9% 1.7% 1.7% 41%
Net Income ($, YTD) $8.6M
+64.7% YoY
— QoQ
 -$10.6M $19.2M $137.1M $40.4M 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)

Revenue Diversifier

growth
#99 of 222 • Top 44.1% 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: 0.72%
(Tier: 0.53%, National: 0.66%)
better than tier avg
Return on Assets: 1.24%
(Tier: 1.39%, National: 1.30%)
but worse than tier avg
222 of 222 Mid-Market banks match · 923 nationally
→ Stable

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 885 peers in $1B-$10B

Top Strengths (2 metrics)

95
Non-Interest Income / Assets
revenue_mix
Value: 0.72%
Peer Median: 0.53%
#95 of 885 Top 10.6% in $1B-$10B
172
Loan-to-Deposit Ratio
liquidity
Value: 72.61%
Peer Median: 85.04%
#172 of 885 Top 19.3% in $1B-$10B

Top Weaknesses (0 metrics)

No weakness rankings available
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