Bank Safety Analysis
Is Farmers and Merchants Bank of South Carolina Safe?
Farmers and Merchants Bank of South Carolina meets regulatory minimums but is on the watch band for 1 of 5 safety dimensions. Analysis based on the Q3 2026 call report.
Compared with Q2 2026, return on assets fell 0.30 percentage points in Q3 2026 to 1.26%, the biggest move on this page. Farmers and Merchants Bank of South Carolina has the highest CET1 ratio of the 30 banks headquartered in South Carolina, 42.74% as of Q3 2026. Farmers and Merchants Bank of South Carolina's CET1 ratio of 42.74% is well above the 15.07% median for banks in the $100M-1B asset tier, a gap of 27.67 points (Q3 2026); the peer median is as of Q2 2026. From Q4 2023 to Q3 2026, Farmers and Merchants Bank of South Carolina's CET1 ratio ranged between 37.27% (Q4 2024) and 42.74% (Q3 2026) and its Texas ratio ranged between 1.84% (Q4 2023) and 5.05% (Q3 2026). Compared with Q3 2025, Farmers and Merchants Bank of South Carolina's CET1 ratio from 39.54% to 42.74%, noncurrent loans to total loans from 1.15% to 2.49%, Texas ratio from 2.49% to 5.05%, return on assets from 1.32% to 1.26% in Q3 2026.
Data as of · sourced from FFIEC call reports. How we update
A relative risk score, not a calibrated probability: it ranks this bank against every other filer. Model AUC 0.988 (v20261005_114304). Trained on credit-driven community-bank failures, it carries little signal for interest-rate or deposit-flight risk, and its accuracy above roughly $10B in assets is not established, so a low score is not evidence of safety. See the methodology. This is not investment advice or a credit rating.
Scorecard by dimension
Peer cohort: banks with $100M to $1B in assets (2,672 banks) · Industry averages as of Q2 2026.
CET1 of 42.74% sits comfortably above the 6.5% well-capitalized threshold under Prompt Corrective Action and the 7.0% level required once the capital conservation buffer is included.
Tier 1 leverage of 17.78% is above the 5% well-capitalized threshold.
Nonperforming loans at 2.49% are elevated; merits closer attention.
Texas Ratio of 5.1% is well below the 100% historical failure threshold.
Efficiency ratio of 60.3% reflects competitive operating costs (lower is better).
Risk screens
Latest filing (Q3 2026), passing screens included.
| Screen | Value | Trigger | Result |
|---|---|---|---|
| CET1 capital ratio supervisory threshold | 42.74% | Flags below 7% | Within range |
| Texas ratio BankRegReports band | 5.05% | Watch at 50%, concern at 100% | Within range |
| Non-performing loan ratio BankRegReports band | 2.49% | Flags at 3% or above | Within range |
| Uninsured deposit share BankRegReports band | — | Watch at 50%, concern at 70% | Not reported |
| Loan-to-deposit ratio BankRegReports band | 32.47% | Flags at 100% or above | Within range |
| Commercial real estate to capital supervisory threshold | 80.10% | Watch at 200%, concern at 300% | Within range |
| Held-to-maturity unrealized loss to equity BankRegReports band | 0.00% | Watch at 10%, concern at 25% | Within range |
Capital ratio: last 12 quarters
| Quarter | CET1 (%) |
|---|---|
| Q3 2026 | 42.74% |
| Q2 2026 | 42.67% |
| Q1 2026 | 41.84% |
| Q4 2025 | 40.41% |
| Q3 2025 | 39.54% |
| Q2 2025 | 39.20% |
| Q1 2025 | 38.11% |
| Q4 2024 | 37.27% |
| Q3 2024 | 38.44% |
| Q2 2024 | 38.79% |
| Q1 2024 | 38.01% |
| Q4 2023 | 38.71% |
Texas Ratio: last 12 quarters
| Quarter | Texas Ratio (%) |
|---|---|
| Q3 2026 | 5.05% |
| Q2 2026 | 4.96% |
| Q1 2026 | 4.87% |
| Q4 2025 | 4.90% |
| Q3 2025 | 2.49% |
| Q2 2025 | 2.80% |
| Q1 2025 | 2.81% |
| Q4 2024 | 2.82% |
| Q3 2024 | 2.47% |
| Q2 2024 | 2.42% |
| Q1 2024 | 2.31% |
| Q4 2023 | 1.84% |
Farmers and Merchants Bank of South Carolina by quarter
| Quarter end | CET1 | Noncurrent loans | Texas ratio | ROA |
|---|---|---|---|---|
| Sep 30, 2026 | 42.74% | 2.49% | 5.05% | 1.26% |
| Jun 30, 2026 | 42.67% | 2.52% | 4.96% | 1.55% |
| Mar 31, 2026 | 41.84% | 2.42% | 4.87% | 1.69% |
| Dec 31, 2025 | 40.41% | 2.38% | 4.90% | 1.38% |
| Sep 30, 2025 | 39.54% | 1.15% | 2.49% | 1.32% |
| Jun 30, 2025 | 39.20% | 1.23% | 2.80% | 1.57% |
| Mar 31, 2025 | 38.11% | 1.21% | 2.81% | 1.66% |
| Dec 31, 2024 | 37.27% | 1.12% | 2.82% | 1.37% |
| Sep 30, 2024 | 38.44% | 1.03% | 2.47% | 1.52% |
| Jun 30, 2024 | 38.79% | 1.01% | 2.42% | 1.41% |
| Mar 31, 2024 | 38.01% | 0.91% | 2.31% | 1.89% |
| Dec 31, 2023 | 38.71% | 0.76% | 1.84% | 1.35% |
Banks with a similar risk profile
4 banks in the same asset tier with the same overall verdict.
Frequently asked
Is Farmers and Merchants Bank of South Carolina FDIC insured?
Yes. Farmers and Merchants Bank of South Carolina is an FDIC-insured commercial bank (FDIC Certificate #1660). Customer deposits are protected up to the standard FDIC insurance limit of $250,000 per depositor, per ownership category.
Is Farmers and Merchants Bank of South Carolina well capitalized?
Yes. Farmers and Merchants Bank of South Carolina reports a CET1 Ratio of 42.74%, comfortably above the regulatory well-capitalized threshold that its primary federal regulator, the FDIC, applies under Prompt Corrective Action.
What is Farmers and Merchants Bank of South Carolina's nonperforming loan ratio?
As of the most recent call report, Farmers and Merchants Bank of South Carolina's nonperforming loan ratio is 2.49%. Nonperforming loans at 2.49% are elevated; merits closer attention.
What is Farmers and Merchants Bank of South Carolina's Texas Ratio?
Farmers and Merchants Bank of South Carolina's Texas Ratio is 5.05%. It compares nonperforming assets with tangible equity plus reserves; above 100% has historically signaled elevated failure risk.
How safe is my money at any FDIC-insured bank?
FDIC insurance covers up to $250,000 per depositor, per insured bank, per ownership category. If an insured bank fails, the FDIC typically pays insured depositors within one business day.
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Methodology & disclaimer
Based on the latest FFIEC call report. Model output is an estimate, not a credit rating, and this page is not investment advice. FDIC insurance covers deposits up to $250,000 per depositor per ownership category at any FDIC-insured bank, whatever its safety profile. See the methodology and full profile.