Farmers and Merchants Bank (Milford, NE)
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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 Milford, NE, established in 1949 (FDIC certificate 16810), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.05B, up 8.4% from Q2 2025, the 20th largest of 138 banks headquartered in Nebraska. Its CET1 capital ratio was 21.26% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 16810
- Headquarters
- Milford, NE
- Established
- 1949
- Total assets, Q2 2026
- $1.05B
- Assets vs Q2 2025
- +8.4%
- CET1 ratio, Q2 2026
- 21.26%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 104903362
- Latest call report
- Q2 2026, FFIEC 051 · Farmers and Merchants Bank Q3 2026 call report, filed October 15, 2026 (preliminary)
- Holding company
- COUNTRY BANK SHARES, INC.
- Asset rank in state
- 20th of 138 in Nebraska
Farmers and Merchants Bank, based in Milford, Nebraska, reported $1.1 billion in assets at June 30, 2026, up 8.4% from a year earlier. It keeps 2.17 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). On the other hand, it holds common equity equal to 21.26% of its risk-weighted assets, higher than about 9 in 10 banks its size (median 13.52%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $72 million equal 66% of Tier 1 capital, down from 85% a year earlier. Loans and deposits moved in opposite directions: over the year loans fell 1.4% and deposits rose 7.0%. Profitability lags: it earns about $0.91 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.29).
As of June 30, 2026, Farmers and Merchants Bank reported a CET1 capital ratio of 21.26%, a return on assets of 0.91%, 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.
By total assets at Q2 2026, Farmers and Merchants Bank is the 20th largest of the 138 banks headquartered in Nebraska. Between Q1 2026 and Q2 2026, its total assets rose 1.3% to $1.05B, loans rose 1.3% and deposits rose 0.9%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 48.8% of total loans, ahead of agricultural production loans at 18.1%. Its 12 offices in the FDIC Summary of Deposits are in 12 cities in NE; its Milford office books 69% of its branch deposits. By the capital ratios in its Q2 2026 call report, Farmers and Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 617 1st St, Milford, NE 68405
- County
- Seward
- Metro Area
- Lincoln, NE
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 10, Kansas City
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 5, 1949
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 60
- Domestic deposits
- $885.6M
- Allowance for credit losses
- $966K
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $1.04B
- Average total loans
- $233.2M
- Average interest-bearing deposits
- $820.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- July 5, 1949
- FDIC Cert
- 16810
- Fed RSSD
- 455552
- SEC CIK
- 1594956 → filed by COUNTRY BANK SHARES, INC.
- Website
- www.bankfmb.com →
- Parent Holding Company
- COUNTRY BANK SHARES, INC. (RSSD 1416831)
Profitability
Q2 annualizedCapital & Liquidity
Balance 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. How we compute these figures
Quarterly trends
Farmers and Merchants Bank's total assets moved between a low of $840.0M (Q3 2023) and a high of $1.05B (Q2 2026) from Q3 2023 to Q2 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
$1.05B total assets against $972.5M; $966.6M total liabilities against $904.1M.
$231.8M net loans and leases against $235.2M; $885.6M total deposits against $827.4M.
$693.6M securities against $618.7M; $32.6M cash and balances due against $30.2M.
$10.8M total interest income against $10.7M; $5.4M total interest expense against $5.5M.
$5.3M net interest income against $5.2M.
$448K total noninterest income against $926K; $3.1M total noninterest expense against $3.4M.
No provision recorded in the last 12 quarters.
$2.4M net income against $2.4M.
0.91% return on assets against 1.00%; 2.17% net interest margin against 2.24%.
21.26% CET1 capital ratio against 22.13%; 10.64% tier 1 leverage ratio against 10.73%.
Inside the full Farmers and Merchants Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers and Merchants Bank rankings
Its closest position to the top of a national ranking is 277 of 2,134, for CET1 ratio; its furthest is 3,370 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.56% (Q3 2024) to 1.00% (Q2 2025) and its net interest margin ran from 2.10% (Q3 2024) to 2.41% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 21.26% | 0.91% | 0.00% | 0.00% | 2.17% |
| Q1 2026 | 23.60% | 0.88% | 0.00% | 0.00% | 2.19% |
| Q4 2025 | 22.19% | 0.73% | 0.00% | 0.00% | 2.41% |
| Q3 2025 | 21.59% | 0.88% | 0.03% | 0.11% | 2.14% |
| Q2 2025 | 22.13% | 1.00% | 0.00% | 0.00% | 2.24% |
| Q1 2025 | 20.28% | 0.92% | 0.00% | 0.00% | 2.30% |
| Q4 2024 | 21.24% | 0.90% | 0.00% | 0.00% | 2.38% |
| Q3 2024 | 20.82% | 0.56% | 0.08% | 0.31% | 2.10% |
Swipe the table sideways to see every column.
Branch Network
View all 12 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 |
|---|---|---|---|
| Farmers and Merchants Bank (main office) | Milford , NE | 68405 | $614.0M |
| Kearney Branch | Kearney , NE | 68847 | $53.8M |
| Weeping Water Branch | Weeping Water , NE | 68463 | $34.7M |
| Wilber Branch | Wilber , NE | 68465 | $32.7M |
| Superior Branch | Superior , NE | 68978 | $29.6M |
| Ericson State Bank Branch | Ericson , NE | 68637 | $28.7M |
| Lawrence Branch | Lawrence , NE | 68957 | $27.1M |
| Jansen Branch | Jansen , NE | 68377 | $20.4M |
| Palmyra Branch | Palmyra , NE | 68418 | $18.0M |
| Beaver Crossing Branch | Beaver Crossing , NE | 68313 | $14.9M |
| Panama Branch | Panama , NE | 68419 | $6.7M |
| Firth Branch | Firth , NE | 68358 | $5.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 15, 2020 | Structure Change | Acquired Ericson State Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| February 14, 2020 | Merger | Participated in FDIC Assisted Merger | FDIC |
| February 19, 2008 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 16, 2008 | Structure Change | Acquired Kearney State Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 9, 1998 | Structure Change | Acquired Security National Bank of Superior Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 8, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 26, 1995 | Structure Change | Acquired The Bank of Wilber Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 26, 1995 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 8, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 8, 1992 | Structure Change | Acquired Nebraska State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 20, 1992 | Structure Change | Acquired Home State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 19, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 14, 1984 | Structure Change | Charter Discontinued (Merger or Purchase & Assumption) | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 13 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in NE, rank 21 of 160 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 34 applications, 25 loans originated, $4.4M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $194K approved, $194K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 $1.05 billion in its FFIEC call report.
Where is Farmers and Merchants Bank headquartered?
It is headquartered in Milford, NE, United States.
When was Farmers and Merchants Bank founded?
It was established in 1949, per the FDIC institution directory.
Is Farmers and Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #16810). 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.
What is Farmers and Merchants Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 21.26% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Farmers and Merchants Bank operate?
It operates 12 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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