Advertisement
Farmers & Merchants Bank
Granite Quarry, NC · FDIC Certificate #2036 · Chartered 01/0
Total assets
$998.75M
Total deposits
$842.55M
Total equity
$149.42M
Net loans
$530.69M
Branches (offices)
12
Net income (YTD)
$12.52M
Rank: #1,046 of 4,213 U.S. banks by assets · #15 of 38 in North Carolina. Assets changed 7.3% and deposits 6.6% over the year to June 30, 2026.
Advertisement
Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.55% |
| Return on equity | 17.09% |
| Net interest margin (YTD) | 5.09% |
| Equity to assets | 14.96% |
| Tier 1 leverage ratio | 15.25% |
| Uninsured deposits (share of deposits) | 27.7% |
| Noncurrent loans (share of loans) | 0.79% |
| Net charge-offs (share of loans) | -0.28% |
| Loans to deposits | 63.0% |
| Real estate loans (share of loans) | 99.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $525.28M | 99.0% | |
| Commercial & industrial | $13.66M | 2.6% | |
| Consumer / individual | $2.21M | 0.4% | |
| Construction & development | $165.60M | 31.2% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.00B | $907.13M | $4.93M | $86.87M |
| Jun 2023 | $950.69M | $840.96M | $12.76M | $102.18M |
| Jun 2024 | $895.17M | $768.23M | $10.61M | $118.92M |
| Jun 2025 | $931.06M | $790.41M | $10.18M | $132.97M |
| Jun 2026 | $998.75M | $842.55M | $12.52M | $149.42M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| North Carolina | $842.55M | 12 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $842.55M.
Similar-sized banks
Vision Bank ($999.61M) · Hcn Bank ($998.43M)
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.
Advertisement