The 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.
Securities to assets climbed 3.88 percentage points in Q2 2026, from 43.21% to 47.09%. It was the largest change from Q1 2026 among the key lines here. Within South Dakota, The Farmers and Merchants State Bank is 37th of 56 on return on assets, 1.13% as of Q2 2026, below the middle of the field. The Farmers and Merchants State Bank reported 1.13% on return on assets for Q2 2026, 0.15 points above the 0.98% median for banks in the < $100M asset tier.
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| CET1 capital ratio | — |
| Tier 1 risk-based capital ratio | — |
| Total risk-based capital ratio | — |
| Tier 1 leverage ratio | 11.89% |
| Equity capital to assets | 9.92% |
| Tangible equity to tangible assets | 9.92% |
Asset quality
| Line item | Q2 2026 |
|---|---|
| Non-performing loans to loans | 0.00% |
| Non-performing assets ratio | 0.00% |
| Net charge-off ratio | 0.00% |
| Texas ratio | 0.29% |
| Allowance for credit losses to loans | 1.61% |
| Reserve coverage of non-performing loans | — |
Earnings
| Line item | Q2 2026 |
|---|---|
| Return on assets | 1.13% |
| Return on equity | 11.84% |
| Net interest margin | 4.23% |
| Efficiency ratio | 68.28% |
| Yield on earning assets | 5.14% |
| Cost of funds | 1.01% |
Liquidity and funding
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 41.65% |
| Core deposits to total deposits | 94.70% |
| Brokered deposits to total deposits | 0.00% |
| Deposits to assets | 89.80% |
| Securities to assets | 47.09% |
Vital Signs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Vital Signs by quarter
| Quarter | Tier 1 leverage | ROA | Net interest margin | NPL ratio | Net charge-off ratio |
|---|---|---|---|---|---|
| Q3 2023 | 11.15% | 0.80% | 3.71% | 0.53% | -0.03% |
| Q4 2023 | 11.05% | -0.22% | 3.72% | 0.17% | -0.03% |
| Q1 2024 | 10.55% | 0.86% | 3.61% | 0.17% | -0.06% |
| Q2 2024 | 10.91% | 1.10% | 4.04% | 0.16% | -0.73% |
| Q3 2024 | 11.42% | 1.36% | 4.04% | 0.16% | -0.14% |
| Q4 2024 | 11.36% | 0.35% | 4.07% | 0.53% | -0.29% |
| Q1 2025 | 11.57% | 1.71% | 4.17% | 0.47% | -0.03% |
| Q2 2025 | 11.66% | 0.83% | 4.19% | 0.50% | 0.00% |
| Q3 2025 | 11.95% | 0.50% | 4.31% | 0.42% | 0.26% |
| Q4 2025 | 12.14% | 0.92% | 4.18% | 0.42% | -0.03% |
| Q1 2026 | 11.72% | 1.31% | 4.27% | 0.00% | -0.03% |
| Q2 2026 | 11.89% | 1.13% | 4.23% | 0.00% | 0.00% |
The 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 The 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 The Farmers and Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13999) · FFIEC NIC profile (RSSD 425050)