Farmers and Merchants State Bank (Langdon, ND)
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Data as of · sourced from FFIEC call reports. How we update
Farmers and Merchants State Bank is an FDIC-insured commercial bank headquartered in Langdon, ND, established in 1974 (FDIC certificate 21728), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $143.1M, down 1.8% from Q2 2025, the 39th largest of 60 banks headquartered in North Dakota. It reports no CET1 ratio; its Tier 1 leverage ratio was 15.70% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 21728
- Headquarters
- Langdon, ND
- Established
- 1974
- Total assets, Q2 2026
- $143.1M
- Assets vs Q2 2025
- -1.8%
- Tier 1 leverage ratio, Q2 2026
- 15.70%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 091310602
- Latest call report
- Q2 2026, FFIEC 051 · Farmers and Merchants State Bank call report
- Holding company
- F & M BANCSHARES, INC.
- Asset rank in state
- 39th of 60 in North Dakota
Problem loans are rising at Farmers and Merchants State Bank. Based in Langdon, North Dakota, it had $143 million in assets at June 30, 2026, down 1.8% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.86% of loans from 0.06% a year earlier. It holds commercial real estate loans equal to only 19% of its capital, a small fraction of the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also funds 15.70% of its assets with Tier 1 capital, higher than about three-quarters of banks its size (median 10.99%).
Its $9.5 million commercial and industrial book is improving, with 5.41% past due or on nonaccrual, down from 8.53% a year earlier. Earnings jumped: net income for the quarter was $598,000, 44% above the same quarter a year earlier.
As of June 30, 2026, Farmers and Merchants State Bank reported a return on assets of 1.71%, a nonperforming-loan ratio of 1.86% and a Texas ratio of 6.97%. The figures come from its call report filed with the FFIEC.
Of the 60 banks headquartered in North Dakota, Farmers and Merchants State Bank is the 39th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 2.2% to $143.1M, loans rose 3.4% and deposits fell 3.6%. Farmland and other real estate loans made up 41.4% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 34.7%. The FDIC Summary of Deposits lists a single office for it, in Langdon, ND. On its Q2 2026 call report, Farmers and Merchants State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 816 3rd St, Langdon, ND 58249
- County
- Cavalier
- 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 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- August 12, 1974
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 13
- Domestic deposits
- $105.6M
- Allowance for credit losses
- $813K
- Net charge-offs (YTD)
- $0
- Average total assets
- $140.3M
- Average total loans
- $79.1M
- Average interest-bearing deposits
- $88.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 12, 1974
- FDIC Cert
- 21728
- Fed RSSD
- 677756
- Website
- http://www.fmbanklangdon.com →
- Parent Holding Company
- F & M BANCSHARES, INC. (RSSD 2622219)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Farmers and Merchants State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Farmers and Merchants State Bank's total assets ran between $139.3M (Q3 2023) and $150.3M (Q4 2025), 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
$143.1M total assets against $145.8M; $122.3M total liabilities against $127.2M.
$80.1M net loans and leases against $78.2M; $105.6M total deposits against $101.6M.
$57.1M securities against $60.1M; $1.7M cash and balances due against $2.6M.
$1.9M total interest income against $1.8M; $649K total interest expense against $746K.
$1.2M net interest income against $1.0M.
$38K total noninterest income against $35K; $624K total noninterest expense against $658K.
$42K provision for credit losses against $5K.
$598K net income against $416K.
1.71% return on assets against 1.14%; 3.91% net interest margin against 3.23%.
15.70% tier 1 leverage ratio against 14.23%.
Inside the full Farmers and Merchants State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers and Merchants State Bank rankings
Its closest position to the top of a national ranking is 435 of 3,606, for efficiency ratio; its furthest is 3,342 of 4,196, for total assets.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.46% (Q3 2024) to 1.71% (Q2 2026) and its net interest margin ran from 2.39% (Q3 2024) to 3.91% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.70% | 1.71% | 1.86% | 6.97% | 3.91% |
| Q1 2026 | 14.79% | 1.42% | 4.67% | 17.80% | 3.37% |
| Q4 2025 | 14.72% | 1.41% | 1.34% | 2.26% | 3.49% |
| Q3 2025 | 14.38% | 1.42% | 1.17% | 1.03% | 3.23% |
| Q2 2025 | 14.23% | 1.14% | 0.60% | 0.25% | 3.23% |
| Q1 2025 | 14.23% | 0.86% | 0.87% | 3.50% | 2.95% |
| Q4 2024 | 14.04% | 0.74% | 0.72% | 3.01% | 2.75% |
| Q3 2024 | 14.11% | 0.46% | 0.84% | 3.26% | 2.39% |
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 and Merchants State Bank (main office) | Langdon , ND | 58249 | $105.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in ND, rank 51 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 4 loans, $338K approved, $84K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (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 State Bank
What are Farmers and Merchants State Bank's total assets?
As of the Q2 2026 filing, Farmers and Merchants State Bank reported total assets of $143.1 million in its FFIEC call report.
Where is Farmers and Merchants State Bank headquartered?
It is headquartered in Langdon, ND, United States.
When was Farmers and Merchants State Bank founded?
It was established in 1974, per the FDIC institution directory.
Is Farmers and Merchants State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #21728). 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 State Bank?
Farmers and Merchants State Bank's primary federal regulator is the FDIC.
How many branches does Farmers and Merchants State Bank 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 Farmers and Merchants State Bank's Texas Ratio?
Its Texas Ratio is 6.97% 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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