The Farmers and Merchants Bank (Boswell, IN)
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Data as of · sourced from FFIEC call reports. How we update
The Farmers and Merchants Bank is an FDIC-insured commercial bank headquartered in Boswell, IN, established in 1903 (FDIC certificate 1843), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $213.4M, up 3.4% from Q2 2025, the 69th largest of 87 banks headquartered in Indiana. Its CET1 capital ratio was 12.87% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1843
- Headquarters
- Boswell, IN
- Established
- 1903
- Total assets, Q2 2026
- $213.4M
- Assets vs Q2 2025
- +3.4%
- CET1 ratio, Q2 2026
- 12.87%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 074906211
- Latest call report
- Q2 2026, FFIEC 041 · The Farmers and Merchants Bank Q3 2026 call report, filed October 26, 2026 (preliminary)
- Holding company
- FARMERS AND MERCHANTS BANCORP, THE
- Asset rank in state
- 69th of 87 in Indiana
The Farmers and Merchants Bank, based in Boswell, Indiana, reported $213 million in assets at June 30, 2026, up 3.4% from a year earlier. It carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it funds 9.12% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.99%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $2.2 million equal 11% of Tier 1 capital, down from 19% a year earlier. Profitability lags: it earns about $0.86 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.28).
As of June 30, 2026, The Farmers and Merchants Bank reported a CET1 capital ratio of 12.87%, a return on assets of 0.86%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.09%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Farmers and Merchants Bank is the 69th largest of the 87 banks headquartered in Indiana. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.1% to $213.4M, loans rose 0.7% and deposits fell 0.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 25.7% of total loans, ahead of agricultural production loans at 19.3%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in IN; its Boswell office books 52% of its branch deposits. By the capital ratios in its Q2 2026 call report, The Farmers and Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 302 S Old Us Highway 41, Boswell, IN 47921
- County
- Benton
- Metro Area
- Lafayette-West Lafayette, 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
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- April 23, 1903
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 27
- Domestic deposits
- $194.0M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $212.1M
- Average total loans
- $141.2M
- Average interest-bearing deposits
- $159.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1843
- Fed RSSD
- 629746
- Website
- www.fmbank.org →
- Parent Holding Company
- FARMERS AND MERCHANTS BANCORP, THE (RSSD 1135507)
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
The Farmers and Merchants Bank's total assets moved between a low of $196.3M (Q1 2024) and a high of $215.8M (Q1 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
$213.4M total assets against $206.4M; $195.4M total liabilities against $190.4M.
$140.5M net loans and leases against $134.4M; $194.0M total deposits against $188.0M.
$46.9M securities against $54.3M; $19.3M cash and balances due against $10.7M.
$2.5M total interest income against $2.3M; $670K total interest expense against $714K.
$1.8M net interest income against $1.6M.
$167K total noninterest income against $381K; $1.4M total noninterest expense against $1.3M.
$17K provision for credit losses against $57K.
$457K net income against $494K.
0.86% return on assets against 0.95%; 3.64% net interest margin against 3.32%.
12.87% CET1 capital ratio against 12.39%; 9.12% tier 1 leverage ratio against 8.68%.
Inside the full The Farmers and Merchants Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Farmers and Merchants Bank rankings
Its closest position to the top of a national ranking is 1,448 of 2,134, for CET1 ratio; its furthest is 3,249 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.35% (Q4 2024) to 0.95% (Q2 2025) and its net interest margin ran from 2.80% (Q3 2024) to 3.64% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.87% | 0.86% | 0.01% | 0.09% | 3.64% |
| Q1 2026 | 12.74% | 0.74% | 0.01% | 0.07% | 3.48% |
| Q4 2025 | 12.56% | 0.60% | 0.01% | 0.07% | 3.37% |
| Q3 2025 | 12.54% | 0.85% | 0.01% | 0.08% | 3.45% |
| Q2 2025 | 12.39% | 0.95% | 0.01% | 0.09% | 3.32% |
| Q1 2025 | 12.20% | 0.37% | 0.00% | 3.34% | 2.83% |
| Q4 2024 | 12.14% | 0.35% | 0.00% | 3.48% | 2.80% |
| Q3 2024 | 12.55% | 0.41% | 0.00% | 3.35% | 2.80% |
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 |
|---|---|---|---|
| The Farmers and Merchants Bank | Boswell , IN | 47921 | $100.5M |
| Williamsport Branch | Williamsport , IN | 47993 | $35.8M |
| Otterbein Branch | Otterbein , IN | 47970 | $35.6M |
| West Lafayette in Branch | West Lafayette , IN | 47906 | $22.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IN, rank 92 of 129 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 38 applications, 32 loans originated, $8.1M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Enforcement actions, 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
What are The Farmers and Merchants Bank's total assets?
As of the Q2 2026 filing, The Farmers and Merchants Bank reported total assets of $213.4 million in its FFIEC call report.
Where is The Farmers and Merchants Bank headquartered?
It is headquartered in Boswell, IN, United States.
When was The Farmers and Merchants Bank founded?
It was established in 1903, per the FDIC institution directory.
Is The Farmers and Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1843). 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?
The Farmers and Merchants Bank's primary federal regulator is the FDIC.
What is The Farmers and Merchants Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.87% in its Q2 2026 call report, above regulatory requirements.
How many branches does The 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 The Farmers and Merchants Bank's Texas Ratio?
Its Texas Ratio is 0.09% 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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