Farmers and Merchants State Bank of Appleton
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Data as of · sourced from FFIEC call reports. How we update
Farmers and Merchants State Bank of Appleton is an FDIC-insured commercial bank headquartered in Appleton, MN, supervised by the FDIC, with $62.0M in total assets at Q2 2026, up 4.4% from Q2 2025, the 196th largest of 221 banks headquartered in Minnesota. It was established in 1915 and holds FDIC certificate 8845. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.99% 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
- 8845
- Headquarters
- Appleton, MN
- Established
- 1915
- Total assets, Q2 2026
- $62.0M
- Assets vs Q2 2025
- +4.4%
- Tier 1 leverage ratio, Q2 2026
- 12.99%
- Domestic offices
- 1 · Farmers and Merchants State Bank of Appleton branches FDIC institution directory, current count
- Routing number
- 091211963
- Safety and soundness
- Is Farmers and Merchants State Bank of Appleton safe?
- Latest call report
- Q2 2026, FFIEC 051 · Farmers and Merchants State Bank of Appleton Q3 2026 call report, filed October 13, 2026 (preliminary)
- Holding company
- MPS INVESTMENT COMPANY
- Asset rank in state
- 196th of 221 in Minnesota
Problem loans are rising at Farmers and Merchants State Bank of Appleton. Based in Appleton, Minnesota, it had $62 million in assets at June 30, 2026, up 4.4% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.89% of loans from 1.57% a year earlier. It earns about $3.28 a year on every $100 of assets, about triple the median of $1.04 for the 533 banks with less than $100 million in assets. It also spends about 32 cents to bring in each dollar of revenue, about half the median of 69 cents for banks its size.
Net income for the quarter rose 25% from a year earlier, to $508,000. Over the same year, loans shrank 0.9% and deposits grew 4.7%. Credit is the area to watch: it carries problem assets equal to 10.5% of the capital and reserves that would absorb them, 5.4 times the median of 1.9% for banks its size.
As of June 30, 2026, Farmers and Merchants State Bank of Appleton reported a return on assets of 3.28%, a nonperforming-loan ratio of 1.89% and a Texas ratio of 10.50%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Farmers and Merchants State Bank of Appleton is the 196th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.3% to $62.0M, loans rose 3.5% and deposits rose 0.9%. The largest part of its loan book on June 30, 2026 was farmland and other real estate loans, at 42.7% of total loans, ahead of agricultural production loans at 34.7%. The FDIC Summary of Deposits lists a single office for it, in Appleton, MN. Judged on its Q2 2026 call report, Farmers and Merchants State Bank of Appleton meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 239 N Miles St, Appleton, MN 56208
- County
- Swift
- 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
- February 20, 1915
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 8
- Domestic deposits
- $53.8M
- Allowance for credit losses
- $1.2M
- Net charge-offs (YTD)
- $8K
- Average total assets
- $61.9M
- Average total loans
- $50.5M
- Average interest-bearing deposits
- $34.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8845
- Fed RSSD
- 269759
- Website
- www.farmers-merchants.com →
- Parent Holding Company
- MPS INVESTMENT COMPANY (RSSD 1121984)
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 of Appleton 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 of Appleton's total assets ran between $59.4M (Q2 2025) and $65.7M (Q4 2023), 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
$62.0M total assets against $59.4M; $53.9M total liabilities against $51.9M.
$50.0M net loans and leases against $50.5M; $53.8M total deposits against $51.4M.
$3.2M securities against $3.7M; $5.2M cash and balances due against $1.2M.
$902K total interest income against $901K; $182K total interest expense against $194K.
$720K net interest income against $707K.
$35K total noninterest income against $35K; $247K total noninterest expense against $309K.
$0 provision for credit losses against $25K.
$508K net income against $408K.
3.28% return on assets against 2.76%; 4.93% net interest margin against 5.13%.
12.99% tier 1 leverage ratio against 12.73%.
Inside the full Farmers and Merchants State Bank of Appleton terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 2.17% (Q4 2024) to 3.96% (Q4 2025) and its net interest margin ran from 4.31% (Q3 2024) to 5.19% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.99% | 3.28% | 1.89% | 10.50% | 4.93% |
| Q1 2026 | 12.66% | 3.22% | 1.83% | 10.20% | 5.00% |
| Q4 2025 | 13.60% | 3.96% | 1.90% | 10.48% | 5.19% |
| Q3 2025 | 13.15% | 2.92% | 1.54% | 13.69% | 5.12% |
| Q2 2025 | 12.73% | 2.76% | 1.57% | 14.41% | 5.13% |
| Q1 2025 | 11.86% | 2.79% | 1.69% | 15.31% | 4.96% |
| Q4 2024 | 12.46% | 2.17% | 1.67% | 14.77% | 4.78% |
| Q3 2024 | 11.82% | 2.51% | 1.80% | 15.48% | 4.31% |
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 of Appleton (main office) | Appleton , MN | 56208 | $53.8M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 239 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2007 (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 of Appleton
What are Farmers and Merchants State Bank of Appleton's total assets?
As of the Q2 2026 filing, Farmers and Merchants State Bank of Appleton reported total assets of $62.0 million in its FFIEC call report.
Where is Farmers and Merchants State Bank of Appleton headquartered?
It is headquartered in Appleton, MN, United States.
When was Farmers and Merchants State Bank of Appleton founded?
It was established in 1915, per the FDIC institution directory.
Is Farmers and Merchants State Bank of Appleton FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8845). 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 of Appleton?
Farmers and Merchants State Bank of Appleton's primary federal regulator is the FDIC.
How many branches does Farmers and Merchants State Bank of Appleton 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 of Appleton's Texas Ratio?
Its Texas Ratio is 10.50% 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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