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Farmers & Merchants State Bank
Waterloo, WI · FDIC Certificate #13242 · Chartered 01/0
Total assets
$245.59M
Total deposits
$183.04M
Total equity
$26.70M
Net loans
$211.84M
Branches (offices)
3
Net income (YTD)
$1.12M
Rank: #2,738 of 4,213 U.S. banks by assets · #112 of 153 in Wisconsin. Assets changed 3.5% and deposits 3.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.92% |
| Return on equity | 8.57% |
| Net interest margin (YTD) | 3.48% |
| Equity to assets | 10.87% |
| Tier 1 leverage ratio | 11.13% |
| Uninsured deposits (share of deposits) | 15.1% |
| Noncurrent loans (share of loans) | 0.00% |
| Net charge-offs (share of loans) | -0.01% |
| Loans to deposits | 115.7% |
| Real estate loans (share of loans) | 100.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $211.79M | 100.0% | |
| Commercial & industrial | $826.00K | 0.4% | |
| Consumer / individual | $650.00K | 0.3% | |
| Construction & development | $9.71M | 4.6% | |
| Agricultural | $197.00K | 0.1% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $223.86M | $180.16M | $1.00M | $21.88M |
| Jun 2023 | $237.59M | $166.66M | $801.00K | $22.31M |
| Jun 2024 | $234.40M | $171.08M | $682.00K | $24.08M |
| Jun 2025 | $237.38M | $176.36M | $743.00K | $25.43M |
| Jun 2026 | $245.59M | $183.04M | $1.12M | $26.70M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Wisconsin | $183.04M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $183.04M.
Similar-sized banks
First Federal Savings And Loan Association ($246.03M) · Mi Bank ($245.50M)
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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