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Farmers And Merchants State Bank
Winterset, IA · FDIC Certificate #15610 · Chartered 08/1
Total assets
$271.74M
Total deposits
$241.08M
Total equity
$26.86M
Net loans
$164.47M
Branches (offices)
5
Net income (YTD)
$1.60M
Rank: #2,601 of 4,213 U.S. banks by assets · #116 of 225 in Iowa. Assets changed 5.0% and deposits 5.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.20% |
| Return on equity | 12.19% |
| Net interest margin (YTD) | 3.65% |
| Equity to assets | 9.89% |
| Tier 1 leverage ratio | 10.68% |
| Uninsured deposits (share of deposits) | 26.3% |
| Noncurrent loans (share of loans) | 0.00% |
| Net charge-offs (share of loans) | 0.03% |
| Loans to deposits | 68.2% |
| Real estate loans (share of loans) | 65.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $108.28M | 65.8% | |
| Commercial & industrial | $10.45M | 6.4% | |
| Consumer / individual | $7.59M | 4.6% | |
| Construction & development | $6.24M | 3.8% | |
| Agricultural | $39.07M | 23.8% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $231.32M | $206.77M | $1.12M | $18.81M |
| Jun 2023 | $226.99M | $200.65M | $1.44M | $19.39M |
| Jun 2024 | $235.60M | $209.56M | $1.35M | $21.51M |
| Jun 2025 | $258.70M | $229.61M | $1.61M | $24.61M |
| Jun 2026 | $271.74M | $241.08M | $1.60M | $26.86M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $241.08M | 5 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $241.08M.
Similar-sized banks
Citizens Bank And Trust Company Of Grainger County ($273.21M) · Cherokee State Bank ($271.11M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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