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Farmers & Merchants Savings Bank
Manchester, IA · FDIC Certificate #9298 · Chartered 07/2
Total assets
$616.83M
Total deposits
$516.04M
Total equity
$75.04M
Net loans
$451.55M
Branches (offices)
7
Net income (YTD)
$3.44M
Rank: #1,529 of 4,213 U.S. banks by assets · #48 of 225 in Iowa. Assets changed 3.8% and deposits 0.4% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.14% |
| Return on equity | 9.04% |
| Net interest margin (YTD) | 4.47% |
| Equity to assets | 12.17% |
| Tier 1 leverage ratio | 12.41% |
| Uninsured deposits (share of deposits) | 39.1% |
| Noncurrent loans (share of loans) | 1.70% |
| Net charge-offs (share of loans) | -0.01% |
| Loans to deposits | 87.5% |
| Real estate loans (share of loans) | 46.1% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $208.39M | 46.1% | |
| Commercial & industrial | $199.76M | 44.2% | |
| Consumer / individual | $2.00M | 0.4% | |
| Construction & development | $31.87M | 7.1% | |
| Agricultural | $42.51M | 9.4% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $603.25M | $530.25M | $3.31M | $69.90M |
| Jun 2023 | $577.54M | $500.08M | $5.94M | $73.66M |
| Jun 2024 | $584.43M | $500.75M | $2.42M | $69.45M |
| Jun 2025 | $594.46M | $514.22M | $3.89M | $76.12M |
| Jun 2026 | $616.83M | $516.04M | $3.44M | $75.04M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $394.52M | 5 |
| Minnesota | $121.53M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $516.04M.
Similar-sized banks
The Bank ($617.26M) · Crossroads Bank ($616.12M)
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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