Farmers and Merchants State Bank of Pierz
Farmers and Merchants State Bank of Pierz is an FDIC-insured commercial bank headquartered in Pierz, MN, supervised by the FDIC, with $339.9M in total assets at Q3 2026, up 1.4% from Q3 2025, the 81st largest of 221 banks headquartered in Minnesota. It was established in 1908 and holds FDIC certificate 10165. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.29% at Q3 2026, above the 8% community bank leverage ratio requirement for being considered well capitalized.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10165
- Headquarters
- Pierz, MN
- Established
- 1908
- Total assets, Q3 2026
- $339.9M
- Assets vs Q3 2025
- +1.4%
- Tier 1 leverage ratio, Q3 2026
- 9.29%
- Domestic offices
- 3 branches
- Routing number
- 091908988
- Safety and soundness
- Is Farmers and Merchants State Bank of Pierz safe?
- Latest call report
- Q3 2026, FFIEC 051 · Farmers and Merchants State Bank of Pierz call report
- Holding company
- FARMERS & MERCHANTS AGENCY, INC.
- Asset rank in state
- 81st of 221 in Minnesota
Farmers and Merchants State Bank of Pierz is one of the more profitable banks of its size. Its balance sheet stood at $340 million at September 30, 2026, up 1.4% from a year earlier; it is based in Pierz, Minnesota. It returns 22.7% a year on shareholders' equity, higher than about 9 in 10 of the 2,624 banks with $100 million to $1 billion in assets (median 12.7%). It also keeps 5.09 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 banks its size (median 4.01 cents).
Earnings jumped: net income for the quarter was $1.2 million, 46% above the same quarter a year earlier. Over the same year, loans grew 12.9% and deposits grew 0.8%. Where it has less room is capital: it funds 9.29% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 11.13%).
As of September 30, 2026, Farmers and Merchants State Bank of Pierz reported a return on assets of 1.46%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 10.87%. The figures come from its call report filed with the FFIEC.
By total assets at Q3 2026, Farmers and Merchants State Bank of Pierz is the 81st largest of the 221 banks headquartered in Minnesota. From Q2 2026 to Q3 2026, its total assets rose 1.1% to $339.9M, loans rose 6.4% and deposits rose 1.0%. Its loan book on September 30, 2026 was led by farmland and other real estate loans, at 32.0% of total loans, followed by 1-4 family residential loans at 20.0%. Its 3 offices in the FDIC Summary of Deposits are in Pierz, MN, Sauk Rapids, MN and Eden Valley, MN; its Pierz office books 65% of its branch deposits. On its Q3 2026 call report, Farmers and Merchants State Bank of Pierz meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 80 Main St N, Pierz, MN 56364
- County
- Morrison
- 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
- 1908
- Domestic offices
- 3 branches
- Employees (FTE)
- 51
- Domestic deposits
- $311.4M
- Allowance for credit losses
- $3.1M
- Net charge-offs (YTD)
- $733K
- Average total assets
- $340.2M
- Average total loans
- $224.4M
- Average interest-bearing deposits
- $220.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10165
- Fed RSSD
- 728957
- Website
- www.fmpierz.com →
- Parent Holding Company
- FARMERS & MERCHANTS AGENCY, INC. (RSSD 1123791)
Profitability
Q3 annualizedBalance Sheet
Income Statement
Operating & Funding
Watch Farmers and Merchants State Bank of Pierz: get a note when its numbers change. Free, no card required.
Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. As a community bank leverage ratio filer, Farmers and Merchants State Bank of Pierz reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Farmers and Merchants State Bank of Pierz's total assets moved between a low of $308.0M (Q4 2023) and a high of $342.4M (Q4 2025) from Q4 2023 to Q3 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$339.9M total assets against $335.0M; $319.7M total liabilities against $310.7M.
$232.0M net loans and leases against $205.5M; $311.4M total deposits against $308.8M.
$72.8M securities against $90.7M; $20.9M cash and balances due against $26.8M.
$5.2M total interest income against $4.9M; $1.0M total interest expense against $1.2M.
$4.2M net interest income against $3.7M.
$344K total noninterest income against $321K; $2.4M total noninterest expense against $2.1M.
$226K provision for credit losses against $98K.
$1.2M net income against $846K.
1.46% return on assets against 1.02%; 5.09% net interest margin against 4.57%.
9.29% tier 1 leverage ratio against 9.75%.
Inside the full Farmers and Merchants State Bank of Pierz terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers and Merchants State Bank of Pierz rankings
Its closest position to the top of a national ranking is 610 of 3,644, for Texas Ratio; its furthest is 2,298 of 4,193, for total assets.
Quarterly trend: last 8 quarters
From Q4 2024 to Q3 2026, its return on assets ran from 0.54% (Q1 2025) to 2.10% (Q2 2026) and its net interest margin ran from 4.10% (Q4 2024) to 5.09% (Q3 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 9.29% | 1.46% | 1.07% | 10.87% | 5.09% |
| Q2 2026 | 9.28% | 2.10% | 1.03% | 8.66% | 4.87% |
| Q1 2026 | 8.97% | 1.37% | 1.23% | 10.73% | 4.67% |
| Q4 2025 | 9.93% | 1.94% | 1.39% | 10.07% | 4.70% |
| Q3 2025 | 9.75% | 1.02% | 1.30% | 10.10% | 4.57% |
| Q2 2025 | 10.15% | 2.06% | 1.18% | 9.82% | 4.36% |
| Q1 2025 | 9.81% | 0.54% | 0.17% | 1.68% | 4.19% |
| Q4 2024 | 9.83% | 1.85% | 0.06% | 0.56% | 4.10% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Farmers and Merchants State Bank of Pierz (main office) | Pierz , MN | 56364 | $200.2M |
| Sauk Rapids Branch | Sauk Rapids , MN | 56379 | $61.0M |
| Eden Valley Branch of Farmers & Merchants State Bank of Pierz | Eden Valley , MN | 55329 | $47.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 5, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 5, 2016 | Structure Change | Acquired State Bank in Eden Valley Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 100 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 70 applications, 55 loans originated, $9.9M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 2 loans, $110K approved, $55K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 Pierz
What are Farmers and Merchants State Bank of Pierz's total assets?
As of the Q3 2026 filing, Farmers and Merchants State Bank of Pierz reported total assets of $339.9 million in its FFIEC call report.
Where is Farmers and Merchants State Bank of Pierz headquartered?
It is headquartered in Pierz, MN, United States.
When was Farmers and Merchants State Bank of Pierz founded?
It was established in 1908, per the FDIC institution directory.
Is Farmers and Merchants State Bank of Pierz FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10165). 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 Pierz?
Farmers and Merchants State Bank of Pierz's primary federal regulator is the FDIC.
How many branches does Farmers and Merchants State Bank of Pierz operate?
It operates 3 domestic offices, 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 Pierz's Texas Ratio?
Its Texas Ratio is 10.87% in its Q3 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 nonperforming assets against the bank's capital and reserves.
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