Farmers and Merchants Bank (Laotto, IN)
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Data as of · sourced from FFIEC call reports. How we update
Farmers and Merchants Bank is an FDIC-insured commercial bank headquartered in Laotto, IN, established in 1914 (FDIC certificate 13801), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $306.1M, up 3.4% from Q2 2025, the 61st largest of 87 banks headquartered in Indiana. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.05% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 13801
- Headquarters
- Laotto, IN
- Established
- 1914
- Total assets, Q2 2026
- $306.1M
- Assets vs Q2 2025
- +3.4%
- Tier 1 leverage ratio, Q2 2026
- 9.05%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 074910692
- Latest call report
- Q2 2026, FFIEC 051 · Farmers and Merchants Bank call report
- Holding company
- FM FINCORP
- Asset rank in state
- 61st of 87 in Indiana
Farmers and Merchants Bank, based in Laotto, Indiana, reported $306 million in assets at June 30, 2026, up 3.4% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 2.6%). It also grew its loan book 17.6% over the year, about triple the median of 5.5% for banks its size.
Earnings jumped: net income for the quarter was $1.2 million, 47% above the same quarter a year earlier. Over the same year, loans grew 17.6% and deposits grew 2.2%. Where it has less room is capital: it funds 9.05% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
As of June 30, 2026, Farmers and Merchants Bank reported a return on assets of 1.58%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Farmers and Merchants Bank ranks as the 61st largest of the 87 banks based in Indiana, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 2.7% to $306.1M, loans rose 7.4% and deposits fell 3.1%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 38.4% of total loans, ahead of non-owner-occupied commercial real estate loans at 26.6%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in IN; its Huntertown office books 40% of its branch deposits. By the capital ratios in its Q2 2026 call report, Farmers and Merchants Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 6464 Merchants Dr, Laotto, IN 46763
- County
- Dekalb
- Metro Area
- Kendallville, IN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- October 29, 1914
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 28
- Domestic deposits
- $279.5M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $6K
- Average total assets
- $305.6M
- Average total loans
- $196.8M
- Average interest-bearing deposits
- $234.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 31, 1934
- FDIC Cert
- 13801
- Fed RSSD
- 372640
- Website
- www.fmfbank.com →
- Parent Holding Company
- FM FINCORP (RSSD 1135196)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Farmers and Merchants Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Farmers and Merchants Bank's total assets ran between $235.2M (Q3 2023) and $314.5M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$306.1M total assets against $295.9M; $281.5M total liabilities against $275.3M.
$203.8M net loans and leases against $173.4M; $279.5M total deposits against $273.6M.
$52.4M securities against $60.4M; $38.7M cash and balances due against $51.5M.
$3.7M total interest income against $3.3M; $1.2M total interest expense against $1.3M.
$2.5M net interest income against $2.0M.
$229K total noninterest income against $237K; $1.5M total noninterest expense against $1.3M.
$60K provision for credit losses against $94K.
$1.2M net income against $823K.
1.58% return on assets against 1.15%; 3.42% net interest margin against 2.86%.
9.05% tier 1 leverage ratio against 8.81%.
Inside the full Farmers and Merchants Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Farmers and Merchants Bank rankings
Its closest position to the top of a national ranking is 1,099 of 3,606, for efficiency ratio; its furthest is 3,469 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.10% (Q1 2025) to 1.58% (Q2 2026) and its net interest margin ran from 2.80% (Q1 2025) to 3.42% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.05% | 1.58% | 0.00% | 0.00% | 3.42% |
| Q1 2026 | 8.98% | 1.46% | 0.02% | 0.18% | 3.33% |
| Q4 2025 | 8.65% | 1.37% | 0.00% | 0.00% | 3.17% |
| Q3 2025 | 8.65% | 1.26% | 0.00% | 0.00% | 3.00% |
| Q2 2025 | 8.81% | 1.15% | 0.31% | 2.46% | 2.86% |
| Q1 2025 | 9.41% | 1.10% | 0.08% | 0.62% | 2.80% |
| Q4 2024 | 9.51% | 1.23% | 0.00% | 0.00% | 2.93% |
| Q3 2024 | 9.42% | 1.17% | 0.00% | 0.04% | 2.81% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Huntertown Branch | Huntertown , IN | 46748 | $112.2M |
| Churubusco Branch | Churubusco , IN | 46723 | $76.3M |
| Farmers and Merchants Bank (main office) | Laotto , IN | 46763 | $61.4M |
| Farmers & Merchants Bank Branch | Kendallville , IN | 46755 | $29.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IN, rank 81 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $195K approved, $195K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Farmers and Merchants Bank
What are Farmers and Merchants Bank's total assets?
As of the Q2 2026 filing, Farmers and Merchants Bank reported total assets of $306.1 million in its FFIEC call report.
Where is Farmers and Merchants Bank headquartered?
It is headquartered in Laotto, IN, United States.
When was Farmers and Merchants Bank founded?
It was established in 1914, per the FDIC institution directory.
Is Farmers and Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13801). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Farmers and Merchants Bank?
Farmers and Merchants Bank's primary federal regulator is the FDIC.
How many branches does Farmers and Merchants Bank operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Farmers and Merchants Bank's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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