Farmers and Merchants Bank (Milligan, 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 Milligan, NE, established in 1903 (FDIC certificate 14275), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $215.4M, up 14.7% from Q2 2025, the 77th largest of 138 banks headquartered in Nebraska. Its CET1 capital ratio was 13.84% 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
- 14275
- Headquarters
- Milligan, NE
- Established
- 1903
- Total assets, Q2 2026
- $215.4M
- Assets vs Q2 2025
- +14.7%
- CET1 ratio, Q2 2026
- 13.84%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 104908082
- Latest call report
- Q2 2026, FFIEC 051 · Farmers and Merchants Bank call report
- Holding company
- FM GROUP, INC.
- Asset rank in state
- 77th of 138 in Nebraska
Farmers and Merchants Bank runs leaner than most banks of its size. Based in Milligan, Nebraska, it had $215 million in assets at June 30, 2026, up 14.7% from a year earlier. It spends about 38 cents to bring in each dollar of revenue, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). On the other hand, it pays an average of 3.29% on its deposits and borrowings, about double the median of 1.80% for banks its size.
Earnings jumped: net income for the quarter was $997,000, 49% above the same quarter a year earlier. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.09% of loans from 0.68%. Its margin is thin by comparison: it keeps 3.30 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Farmers and Merchants Bank reported a CET1 capital ratio of 13.84%, a return on assets of 1.87%, a nonperforming-loan ratio of 0.19% and a Texas ratio of 0.66%. The figures come from its call report filed with the FFIEC.
Farmers and Merchants Bank ranks as the 77th largest of the 138 banks based in Nebraska, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.7% to $215.4M, loans rose 0.7% and deposits rose 2.5%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 39.4% of total loans, ahead of agricultural production loans at 35.3%. Its 2 offices in the FDIC Summary of Deposits are in Milligan, NE and Cawker City, KS; its Milligan office books 77% of its branch deposits. On its Q2 2026 call report, Farmers and Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 501 Main St, Milligan, NE 68406
- County
- Fillmore
- 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
- —
- Call Report form
- FFIEC 051
- Established
- June 10, 1903
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $165.1M
- Allowance for credit losses
- $1.9M
- Net charge-offs (YTD)
- $3K
- Average total assets
- $213.3M
- Average total loans
- $178.9M
- Average interest-bearing deposits
- $149.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 24, 1934
- FDIC Cert
- 14275
- Fed RSSD
- 516154
- SEC CIK
- 1675141 → filed by FM GROUP, INC.
- Website
- www.fmbmilligan.com →
- Parent Holding Company
- FM GROUP, INC. (RSSD 2230249)
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 $149.5M (Q3 2023) and a high of $215.4M (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
$215.4M total assets against $187.8M; $191.7M total liabilities against $166.1M.
$176.9M net loans and leases against $150.4M; $165.1M total deposits against $139.5M.
$72K securities against $74K; $32.5M cash and balances due against $31.7M.
$3.3M total interest income against $2.8M; $1.6M total interest expense against $1.3M.
$1.7M net interest income against $1.5M.
$51K total noninterest income against $21K; $713K total noninterest expense against $755K.
$75K provision for credit losses against $75K.
$997K net income against $670K.
1.87% return on assets against 1.48%; 3.30% net interest margin against 3.36%.
13.84% CET1 capital ratio against 14.89%; 11.08% tier 1 leverage ratio against 11.84%.
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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Farmers and Merchants Bank rankings
Its closest position to the top of a national ranking is 148 of 3,606, for efficiency ratio; its furthest is 2,876 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.47% (Q1 2025) to 1.87% (Q2 2026) and its net interest margin ran from 3.27% (Q1 2025) to 3.74% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.84% | 1.87% | 0.19% | 0.66% | 3.30% |
| Q1 2026 | 14.12% | 1.69% | 0.57% | 3.20% | 3.29% |
| Q4 2025 | 13.43% | 1.78% | 0.64% | 3.91% | 3.57% |
| Q3 2025 | 13.84% | 1.84% | 0.68% | 4.06% | 3.57% |
| Q2 2025 | 14.89% | 1.48% | 1.14% | 4.48% | 3.36% |
| Q1 2025 | 15.84% | 1.47% | 0.53% | 0.33% | 3.27% |
| Q4 2024 | 15.07% | 1.58% | 0.56% | 0.37% | 3.54% |
| Q3 2024 | 15.02% | 1.81% | 0.37% | 0.25% | 3.74% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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) | Milligan , NE | 68406 | $127.6M |
| Cawker City Branch | Cawker City , KS | 67430 | $37.5M |
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 |
|---|---|---|---|
| October 12, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 12, 2016 | Structure Change | Acquired The Farmers & Merchants State Bank of Cawker City Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in NE, rank 101 of 160 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $192K approved, $192K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2002 (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 $215.4 million in its FFIEC call report.
Where is Farmers and Merchants Bank headquartered?
It is headquartered in Milligan, NE, United States.
When was Farmers and Merchants Bank founded?
It was established in 1903, per the FDIC institution directory.
Is Farmers and Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #14275). 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 13.84% 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 2 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 0.66% 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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