The Farmers and Merchants Bank of Craig County
The Farmers and Merchants Bank of Craig County is an FDIC-insured commercial bank headquartered in New Castle, VA, supervised by the Federal Reserve, with $92.3M in total assets at Q3 2026, up 1.8% from Q3 2025, the 53rd largest of 56 banks headquartered in Virginia. It was established in 1917 and holds FDIC certificate 9986. It reports no CET1 ratio; its Tier 1 leverage ratio was 17.52% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 9986
- Headquarters
- New Castle, VA
- Established
- 1917
- Total assets, Q3 2026
- $92.3M
- Assets vs Q3 2025
- +1.8%
- Tier 1 leverage ratio, Q3 2026
- 17.52%
- Domestic offices
- 1 branch
- Routing number
- 051405395
- Safety and soundness
- Is The Farmers and Merchants Bank of Craig County safe?
- Latest call report
- Q3 2026, FFIEC 051 · The Farmers and Merchants Bank of Craig County call report
- Asset rank in state
- 53rd of 56 in Virginia
The Farmers and Merchants Bank of Craig County runs leaner than most banks of its size. The New Castle, Virginia bank had $92 million in assets at September 30, 2026, up 1.8% from a year earlier. It spends about 52 cents to bring in each dollar of revenue, lower than about three-quarters of the 526 banks with less than $100 million in assets (median 68 cents). It also funds 17.52% of its assets with Tier 1 capital, higher than about three-quarters of banks its size (median 13.05%).
Earnings jumped: net income for the quarter was $354,000, 43% above the same quarter a year earlier. Over the same year, loans grew 9.3% and deposits grew 0.5%.
As of September 30, 2026, The Farmers and Merchants Bank of Craig County reported a return on assets of 1.53%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.21%. The figures come from its call report filed with the FFIEC.
By total assets at Q3 2026, The Farmers and Merchants Bank of Craig County is the 53rd largest of the 56 banks headquartered in Virginia. From Q2 2026 to Q3 2026, its total assets fell 0.7% to $92.3M, loans rose 3.5% and deposits fell 2.0%. 1-4 family residential loans made up 55.5% of its total loans on September 30, 2026, its largest category; next came farmland and other real estate loans at 10.6%. The FDIC Summary of Deposits lists a single office for it, in New Castle, VA. Judged on its Q3 2026 call report, The Farmers and Merchants Bank of Craig County meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 189 Main St, New Castle, VA 24127
- County
- Craig
- Metro Area
- Roanoke, VA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- May 2, 1917
- Domestic offices
- 1 branch
- Employees (FTE)
- 16
- Domestic deposits
- $75.3M
- Allowance for credit losses
- $764K
- Net charge-offs (YTD)
- $10K
- Average total assets
- $92.6M
- Average total loans
- $62.6M
- Average interest-bearing deposits
- $54.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9986
- Fed RSSD
- 804422
- Website
- www.fmbankcraig.com →
Profitability
Q3 annualizedBalance Sheet
Income Statement
Operating & Funding
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Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. As a community bank leverage ratio filer, The Farmers and Merchants Bank of Craig County reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q4 2023 to Q3 2026, The Farmers and Merchants Bank of Craig County's total assets ranged from $87.1M (Q3 2024) to $93.5M (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$92.3M total assets against $90.7M; $76.1M total liabilities against $75.3M.
$62.6M net loans and leases against $57.3M; $75.3M total deposits against $74.9M.
$25.4M securities against $28.1M; $2.0M cash and balances due against $3.0M.
$1.2M total interest income against $1.0M; $245K total interest expense against $270K.
$909K net interest income against $763K.
$54K total noninterest income against $51K; $501K total noninterest expense against $489K.
$23K provision for credit losses against $17K.
$354K net income against $248K.
1.53% return on assets against 1.09%; 4.05% net interest margin against 3.46%.
17.52% tier 1 leverage ratio against 16.81%.
Inside the full The Farmers and Merchants Bank of Craig County terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Farmers and Merchants Bank of Craig County rankings
Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from 0.91% (Q1 2025) to 1.53% (Q3 2026) and its net interest margin ran from 3.25% (Q4 2024) to 4.05% (Q3 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 17.52% | 1.53% | 0.00% | 0.21% | 4.05% |
| Q2 2026 | 16.87% | 1.36% | 0.00% | 0.22% | 3.83% |
| Q1 2026 | 16.68% | 1.25% | 0.00% | 0.22% | 3.64% |
| Q4 2025 | 16.98% | 1.02% | 0.00% | 0.22% | 3.61% |
| Q3 2025 | 16.81% | 1.09% | 0.00% | 0.22% | 3.46% |
| Q2 2025 | 16.83% | 1.00% | 0.00% | 0.23% | 3.38% |
| Q1 2025 | 16.83% | 0.91% | 0.00% | 0.23% | 3.26% |
| Q4 2024 | 16.95% | 1.20% | 0.06% | 0.22% | 3.25% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 & Merchants Bank of Craig County | New Castle , VA | 24127 | $76.8M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve)
- February 4, 2020, Federal Reserve: Civil Money Penalty: Farmers & Merchants Bank of Craig County
- Period: Most recent institution action February 4, 2020. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in VA, rank 90 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 64 applications, 57 loans originated, $9.9M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- SBA 7(a) lending, 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 The Farmers and Merchants Bank of Craig County
What are The Farmers and Merchants Bank of Craig County's total assets?
As of the Q3 2026 filing, The Farmers and Merchants Bank of Craig County reported total assets of $92.3 million in its FFIEC call report.
Where is The Farmers and Merchants Bank of Craig County headquartered?
It is headquartered in New Castle, VA, United States.
When was The Farmers and Merchants Bank of Craig County founded?
It was established in 1917, per the FDIC institution directory.
Is The Farmers and Merchants Bank of Craig County FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9986). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Farmers and Merchants Bank of Craig County?
The Farmers and Merchants Bank of Craig County's primary federal regulator is the Federal Reserve.
How many branches does The Farmers and Merchants Bank of Craig County operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Farmers and Merchants Bank of Craig County's Texas Ratio?
Its Texas Ratio is 0.21% in its Q3 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 nonperforming assets against the bank's capital and reserves.
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