Farmers and Merchants State Bank: Vital Signs
Data as of · Call Report Schedules RC, RC-N, RC-R and RI How we update
The headline measure from each supervisory category on one page: capital adequacy, asset quality, earnings and liquidity, the same four corners a CAMELS examiner works through.
Reserve coverage of non-performing loans climbed 355.09 percentage points in Q2 2026, from 206.91% to 562.00%. It was the largest change from Q1 2026 among the key lines here. Within South Dakota, Farmers and Merchants State Bank is 9th of 56 on return on assets, 2.38% as of Q2 2026, above the middle of the field. Farmers and Merchants State Bank's return on assets of 2.38% is well above the 1.25% median for banks in the $100M-1B asset tier, a gap of 1.12 points (Q2 2026).
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| CET1 capital ratio | 11.73% |
| Tier 1 risk-based capital ratio | 11.73% |
| Total risk-based capital ratio | 12.96% |
| Tier 1 leverage ratio | 11.02% |
| Equity capital to assets | 10.31% |
| Tangible equity to tangible assets | 10.31% |
Asset quality
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to loans | 0.24% |
| Non-performing assets ratio | 0.19% |
| Net charge-off ratio | 0.03% |
| Texas ratio | 5.50% |
| Allowance for credit losses to loans | 1.33% |
| Reserve coverage of non-performing loans | 562.00% |
Earnings
| Line item | Q2 2026 |
|---|---|
| Return on assets | 2.38% |
| Return on equity | 22.62% |
| Net interest margin | 5.04% |
| Efficiency ratio | 37.35% |
| Yield on earning assets | 7.19% |
| Cost of funds | 2.36% |
Liquidity and funding
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 107.89% |
| Core deposits to total deposits | 80.38% |
| Brokered deposits to total deposits | 9.78% |
| Deposits to assets | 76.08% |
| Securities to assets | 11.80% |
Vital Signs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Vital Signs by quarter
| Quarter | CET1 | Tier 1 RBC | Total RBC | Tier 1 leverage | ROA |
|---|---|---|---|---|---|
| Q3 2023 | 13.09% | 13.09% | 14.35% | 10.93% | 1.24% |
| Q4 2023 | 12.35% | 12.35% | 13.60% | 10.75% | 2.68% |
| Q1 2024 | 12.85% | 12.85% | 14.10% | 10.52% | 1.53% |
| Q2 2024 | 12.80% | 12.80% | 14.05% | 11.17% | 2.73% |
| Q3 2024 | 13.07% | 13.07% | 14.32% | 11.02% | 2.76% |
| Q4 2024 | 12.48% | 12.48% | 13.73% | 10.76% | 2.97% |
| Q1 2025 | 12.83% | 12.83% | 14.08% | 11.07% | 2.73% |
| Q2 2025 | 13.24% | 13.24% | 14.49% | 11.55% | 2.86% |
| Q3 2025 | 13.01% | 13.01% | 14.26% | 11.69% | 3.02% |
| Q4 2025 | 11.30% | 11.30% | 12.44% | 10.48% | 2.17% |
| Q1 2026 | 12.00% | 12.00% | 13.20% | 10.45% | 2.57% |
| Q2 2026 | 11.73% | 11.73% | 12.96% | 11.02% | 2.38% |
Farmers and Merchants State Bank vital signs, all the way back
Vital Signs back to 2001 · peer percentiles on every line item · Excel export
Unlock Farmers and Merchants State Bank, freeSource: Call Report Schedules RC, RC-N, RC-R and RI, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Farmers and Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 501) · FFIEC NIC profile (RSSD 601153)