Farmers & Merchants Bank (Waterloo, AL)
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Data as of · sourced from FFIEC call reports. How we update
Farmers & Merchants Bank is an FDIC-insured commercial bank headquartered in Waterloo, AL, established in 1914 (FDIC certificate 1745), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $98.3M, up 2.4% from Q2 2025, the 84th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 17.03% 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
- 1745
- Headquarters
- Waterloo, AL
- Established
- 1914
- Total assets, Q2 2026
- $98.3M
- Assets vs Q2 2025
- +2.4%
- Tier 1 leverage ratio, Q2 2026
- 17.03%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 062204378
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Bank call report
- Asset rank in state
- 84th of 93 in Alabama
Farmers & Merchants Bank, based in Waterloo, Alabama, reported $98 million in assets at June 30, 2026, up 2.4% from a year earlier. It keeps 1.57 cents of net interest income on every dollar of earning assets, about a third the median of 3.87 cents for the 583 banks with less than $100 million in assets. It also pays an average of 2.12% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.53%).
Paper losses on its bond portfolio are shrinking: unrealized losses of $8.7 million equal 48% of Tier 1 capital, down from 56% a year earlier. The commercial and industrial book ($1.4 million) is worsening: 17.27% of it is past due or on nonaccrual, up from 1.63% a year earlier. Profitability lags: it earns about $0.48 a year on every $100 of assets, about half the median of $1.06 for banks its size.
As of June 30, 2026, Farmers & Merchants Bank reported a return on assets of 0.48%, a nonperforming-loan ratio of 1.33% and a Texas ratio of 0.62%. The figures come from its call report filed with the FFIEC.
Farmers & Merchants Bank ranks as the 84th largest of the 93 banks based in Alabama, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 0.5% to $98.3M, loans rose 8.0% and deposits fell 0.9%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 27.4% of total loans, ahead of commercial and industrial loans at 27.1%. Its 2 offices in the FDIC Summary of Deposits are in Florence, AL and Waterloo, AL; its Florence office books 61% of its branch deposits. By the capital ratios in its Q2 2026 call report, Farmers & Merchants Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 320 Main St, Waterloo, AL 35677
- County
- Lauderdale
- Metro Area
- Florence-Muscle Shoals, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- July 1, 1914
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 7
- Domestic deposits
- $86.5M
- Allowance for credit losses
- $187K
- Net charge-offs (YTD)
- $1K
- Average total assets
- $106.1M
- Average total loans
- $5.2M
- Average interest-bearing deposits
- $64.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1745
- Fed RSSD
- 291732
- Website
- www.fmbal.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance 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 & Merchants Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Farmers & Merchants Bank's total assets moved between a low of $93.7M (Q1 2025) and a high of $108.8M (Q4 2023) from Q3 2023 to Q2 2026, and it earned a profit in 8 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$98.3M total assets against $96.0M; $87.0M total liabilities against $86.0M.
$5.1M net loans and leases against $5.2M; $86.5M total deposits against $85.4M.
$82.5M securities against $75.3M; $7.8M cash and balances due against $11.9M.
$841K total interest income against $783K; $448K total interest expense against $482K.
$393K net interest income against $301K.
-$1K total noninterest income against $54K; $323K total noninterest expense against $222K.
No provision recorded in the last 12 quarters.
$128K net income against $113K.
0.48% return on assets against 0.44%; 1.57% net interest margin against 1.26%.
17.03% tier 1 leverage ratio against 17.57%.
Inside the full Farmers & Merchants Bank 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 -0.69% (Q4 2024) to 0.62% (Q1 2026) and its net interest margin ran from 1.07% (Q4 2024) to 1.67% (Q1 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.03% | 0.48% | 1.33% | 0.62% | 1.57% |
| Q1 2026 | 17.18% | 0.62% | 3.93% | 1.72% | 1.54% |
| Q4 2025 | 16.72% | -0.62% | 0.80% | 0.37% | 1.39% |
| Q3 2025 | 17.13% | 0.43% | 1.39% | 0.70% | 1.35% |
| Q2 2025 | 17.57% | 0.44% | 1.85% | 0.97% | 1.26% |
| Q1 2025 | 17.37% | 0.36% | 0.25% | 0.15% | 1.67% |
| Q4 2024 | 17.20% | -0.69% | 0.57% | 0.38% | 1.07% |
| Q3 2024 | 17.13% | 0.28% | 0.37% | 0.18% | 1.10% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 |
|---|---|---|---|
| Florence Branch | Florence , AL | 35633 | $53.0M |
| The Farmers & Merchants Bank | Waterloo , AL | 35677 | $33.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 115 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 & Merchants Bank
What are Farmers & Merchants Bank's total assets?
As of the Q2 2026 filing, Farmers & Merchants Bank reported total assets of $98.3 million in its FFIEC call report.
Where is Farmers & Merchants Bank headquartered?
It is headquartered in Waterloo, AL, United States.
When was Farmers & Merchants Bank founded?
It was established in 1914, per the FDIC institution directory.
Is Farmers & Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Farmers & Merchants Bank?
Farmers & Merchants Bank's primary federal regulator is the FDIC.
How many branches does Farmers & Merchants Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Farmers & Merchants Bank's Texas Ratio?
Its Texas Ratio is 0.62% 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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