Bank Safety Analysis
Is Farmers and Merchants State Bank of Alpha Safe? Alpha, Minnesota
Based on its Q3 2026 call report, Farmers and Merchants State Bank of Alpha meets the community bank leverage ratio test for well capitalized, its Texas ratio is 46.73%, and its deposits are FDIC insured up to $250,000 per depositor.
BankRegReports is independent of Farmers and Merchants State Bank of Alpha and never asks for online banking logins or passwords.
Short answer: is Farmers and Merchants State Bank of Alpha safe?
On its Q3 2026 call report, Farmers and Merchants State Bank of Alpha's Community Bank Leverage Ratio is 10.69%, above the 8% threshold that makes a community bank well capitalized.
- CET1 ratio (Q3 2026): not reported (community bank leverage ratio filer)
- Community Bank Leverage Ratio (Q3 2026): 10.69%
- Texas ratio (Q3 2026): 46.73%
- Noncurrent loans ratio (Q3 2026): 8.54%
Farmers and Merchants State Bank of Alpha is an FDIC-insured commercial bank (FDIC Certificate #10571). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Source: the FFIEC call report Farmers and Merchants State Bank of Alpha (FDIC Certificate #10571) filed for the quarter ended September 30, 2026. BankRegReports computes every ratio on this page from that filing.
Context: largest US bank failures.
Get an email when Farmers and Merchants State Bank of Alpha files its next quarter, so you can check this answer again. Free account, no card.
Farmers and Merchants State Bank of Alpha is outside the pass range on 1 of 5 safety dimensions: asset quality. Capital and leverage are above their regulatory minimums. The failed band is a BankRegReports band, not a supervisory threshold. 1 risk screen is flagged: nonperforming loan ratio.
The standout move of Q3 2026 was in nonperforming loan ratio (nonaccrual plus 90+ days past due): 4.40 percentage points higher than in Q2 2026, at 8.54%. Farmers and Merchants State Bank of Alpha ranks 100th of 221 Minnesota banks on leverage ratio, in the upper half at 10.69% (Q3 2026). The median for banks in the < $100M asset tier is 12.88% on leverage ratio. Farmers and Merchants State Bank of Alpha sits 2.19 points lower, at 10.69% (Q3 2026).
From Q4 2023 to Q3 2026, Farmers and Merchants State Bank of Alpha's Texas ratio ranged between 0.81% (Q4 2025) and 46.73% (Q3 2026). Between Q3 2025 and Q3 2026, Farmers and Merchants State Bank of Alpha's nonperforming loan ratio (nonaccrual plus 90+ days past due) rose from 0.16% to 8.54%, Texas ratio rose from 0.81% to 46.73% and return on assets fell from 0.52% to -0.36%.
Of the 221 banks headquartered in Minnesota, Farmers and Merchants State Bank of Alpha is the 203rd largest by total assets at Q3 2026. Against the 567 banks with under $100M in assets for Q3 2026, Farmers and Merchants State Bank of Alpha's community bank leverage ratio of 10.69% is below the 12.88% median, nonperforming loans ratio of 8.54% is above the 0.36% median, Texas ratio of 46.73% is above the 1.89% median, and efficiency ratio of 76.78% is above the 69.32% median.
Data as of · sourced from FFIEC call reports. How we update
An exploratory screening score that ranks relative failure risk across filers. It is not a calibrated probability, not a credit rating, and not a CAMELS rating.
Farmers and Merchants State Bank of Alpha's 12-month failure risk score is 0.11 out of 100, on the model's 1-year horizon. The score covers every FDIC-insured bank in the latest run, but the model was trained on community and regional banks and its accuracy above roughly $10 billion in assets is not established, so a low score is not evidence of safety. How the failure model was trained and tested.
How does Farmers and Merchants State Bank of Alpha score on capital, credit and costs?
Peer cohort: Under $100M (568 banks) · Industry averages as of Q3 2026.
Median of the 567 banks with under $100M in assets, Q3 2026: 12.88%.
Median of the 567 banks with under $100M in assets, Q3 2026: 12.88%.
Median of the 567 banks with under $100M in assets, Q3 2026: 0.36%.
Median of the 567 banks with under $100M in assets, Q3 2026: 1.89%.
Median of the 567 banks with under $100M in assets, Q3 2026: 69.32%.
Does Farmers and Merchants State Bank of Alpha trip any risk screens?
Latest filing (Q3 2026), passing screens included.
| Screen | Value | Result |
|---|---|---|
| CET1 capital ratio supervisory threshold | — | Not reported |
| Texas ratio BankRegReports band | 46.73% | Within range |
| Nonperforming loan ratio BankRegReports band | 8.54% | Flagged |
| Uninsured deposit share BankRegReports band | — | Not reported |
| Loan-to-deposit ratio BankRegReports band | 69.83% | Within range |
| Commercial real estate to capital supervisory threshold | 77.26% | Within range |
| Held-to-maturity unrealized loss to equity BankRegReports band | 0.00% | Within range |
Texas Ratio: last 12 quarters
| Quarter | Texas Ratio (%) |
|---|---|
| Q3 2026 | 46.73% |
| Q2 2026 | 22.57% |
| Q1 2026 | 12.16% |
| Q4 2025 | 0.81% |
| Q3 2025 | 0.81% |
| Q2 2025 | 4.65% |
| Q1 2025 | 4.37% |
| Q4 2024 | 9.18% |
| Q3 2024 | 34.21% |
| Q2 2024 | 8.56% |
| Q1 2024 | 4.73% |
| Q4 2023 | 4.42% |
How have Farmers and Merchants State Bank of Alpha's safety ratios changed?
| Quarter end | Total assets | Leverage (CBLR) | NPL ratio | Texas ratio | Efficiency |
|---|---|---|---|---|---|
| Sep 30, 2026 | $48.8M | 10.69% | 8.54% | 46.73% | 76.78% |
| Jun 30, 2026 | $47.4M | 11.15% | 4.15% | 22.57% | 71.27% |
| Mar 31, 2026 | $48.3M | 10.71% | 2.15% | 12.16% | 78.84% |
| Dec 31, 2025 | $47.7M | 11.12% | 0.15% | 0.81% | 93.36% |
| Sep 30, 2025 | $43.7M | 11.61% | 0.16% | 0.81% | 76.35% |
| Jun 30, 2025 | $46.1M | 11.46% | 0.25% | 4.65% | 77.32% |
| Mar 31, 2025 | $44.8M | 11.52% | 0.19% | 4.37% | 73.66% |
| Dec 31, 2024 | $42.7M | 11.58% | 1.03% | 9.18% | 87.37% |
Banks with a similar risk profile
4 banks in the same asset tier with the same overall verdict.
Frequently asked
Is Farmers and Merchants State Bank of Alpha FDIC insured?
Yes. Farmers and Merchants State Bank of Alpha is an FDIC-insured commercial bank (FDIC Certificate #10571). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Is Farmers and Merchants State Bank of Alpha well capitalized?
On its Q3 2026 call report, Farmers and Merchants State Bank of Alpha's Community Bank Leverage Ratio is 10.69%, above the 8% threshold that makes a community bank well capitalized. The threshold comes from Prompt Corrective Action, which its primary federal regulator, the FDIC, applies.
What are Farmers and Merchants State Bank of Alpha's key safety ratios?
For Q3 2026, Farmers and Merchants State Bank of Alpha reports leverage 10.69%, Texas ratio 46.73%, noncurrent loans 8.54%. Its Texas ratio compares with the 1.89% median for the 567 banks with under $100M in assets.
What happens to my deposits if Farmers and Merchants State Bank of Alpha fails?
For Q3 2026, Farmers and Merchants State Bank of Alpha reported $42.8M in total deposits. If it failed, the FDIC would pay insured deposits up to $250,000 per depositor.
Add this badge to your website
Free to use and updated each quarter. It states no rating or capital category.
Where does this data come from?
Not investment advice. See the full Farmers and Merchants State Bank of Alpha profile.
How we score this
Farmers and Merchants State Bank of Alpha elects the community bank leverage ratio, so it reports no risk-based capital ratios. Under Prompt Corrective Action (12 CFR 324.403) and that framework it is well capitalized above 8% from July 1, 2026 (9% before), with a grace band one point below. Banks that do not elect it are graded on the CET1 ratio and the Tier 1 and total capital ratios.
Farmers and Merchants State Bank of Alpha fails or is near these bands: Nonperforming Loans (NPL) Ratio, pass < 1.5% and fail > 3.0%; Efficiency Ratio, pass ≤ 75% (lower is better) and fail ≥ 90%. Every ratio's definition, bands and risk screen.
Not a credit rating. Methodology.
Regulator records: FDIC BankFind (cert 10571) · FFIEC NIC profile (RSSD 388753)
Explore: Full Farmers and Merchants State Bank of Alpha profile · Other banks in MN · Metric glossary · How the call report works
Ratio definitions: loan to deposit ratio, net interest margin, efficiency ratio, CET1 ratio, tier 1 capital and PPNR.