Farmers & Merchants Bank (Piedmont, 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 Piedmont, AL, established in 1915 (FDIC certificate 1735), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $308.7M, down 1.9% from Q2 2025, the 48th largest of 93 banks headquartered in Alabama. Its CET1 capital ratio was 17.02% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 1735
- Headquarters
- Piedmont, AL
- Established
- 1915
- Total assets, Q2 2026
- $308.7M
- Assets vs Q2 2025
- -1.9%
- CET1 ratio, Q2 2026
- 17.02%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 062204530
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Bank call report
- Holding company
- F&M FINANCIAL CORP
- Asset rank in state
- 48th of 93 in Alabama
Problem loans are rising at Farmers & Merchants Bank. The Piedmont, Alabama bank had $309 million in assets at June 30, 2026, down 1.9% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.78% of loans from 0.45% a year earlier. It pays an average of 0.96% on its deposits and borrowings, about half the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. It also lost 5.5% of its deposits over the year, lower than about 9 in 10 banks its size (median 4.0%).
Loans and deposits moved in opposite directions: over the year loans rose 8.1% and deposits fell 5.5%. The commercial and industrial book ($23 million) is worsening: 6.47% of it is past due or on nonaccrual, up from 3.79% a year earlier. Costs are the weak spot: it spends about 75 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Farmers & Merchants Bank reported a CET1 capital ratio of 17.02%, a return on assets of 0.86%, a nonperforming-loan ratio of 0.78% and a Texas ratio of 3.54%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Farmers & Merchants Bank is the 48th largest of the 93 banks headquartered in Alabama. From Q1 2026 to Q2 2026, its total assets fell 1.0% to $308.7M, loans rose 4.7% and deposits fell 3.2%. 1-4 family residential loans made up 31.5% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 19.2%. The FDIC Summary of Deposits lists 5 offices for it, in 5 cities in AL; its Piedmont office books 32% of its branch deposits. Judged on its Q2 2026 call report, Farmers & Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 112 E Ladiga St, Piedmont, AL 36272
- County
- Calhoun
- Metro Area
- Anniston-Oxford, 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
- April 12, 1915
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 54
- Domestic deposits
- $268.6M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- $75K
- Average total assets
- $307.5M
- Average total loans
- $149.8M
- Average interest-bearing deposits
- $191.0M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1735
- Fed RSSD
- 434539
- Website
- http://www.FandM.bank →
- Parent Holding Company
- F&M FINANCIAL CORP (RSSD 1137882)
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. How we compute these figures
Quarterly trends
Farmers & Merchants Bank's total assets moved between a low of $283.0M (Q1 2024) and a high of $314.7M (Q2 2025) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$308.7M total assets against $314.7M; $276.8M total liabilities against $286.4M.
$151.3M net loans and leases against $139.8M; $268.6M total deposits against $284.1M.
$127.3M securities against $120.7M; $9.4M cash and balances due against $33.0M.
$3.6M total interest income against $3.6M; $658K total interest expense against $764K.
$3.0M net interest income against $2.8M.
$500K total noninterest income against $367K; $2.6M total noninterest expense against $2.4M.
$0 provision for credit losses against $0.
$663K net income against $578K.
0.86% return on assets against 0.75%; 4.17% net interest margin against 4.03%.
17.02% CET1 capital ratio against 17.08%; 12.73% tier 1 leverage ratio against 12.14%.
Inside the full Farmers & Merchants Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Its closest position to the top of a national ranking is 585 of 2,134, for CET1 ratio; its furthest is 3,038 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.60% (Q3 2025) to 0.86% (Q2 2026) and its net interest margin ran from 3.99% (Q1 2025) to 4.17% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.02% | 0.86% | 0.78% | 3.54% | 4.17% |
| Q1 2026 | 17.60% | 0.84% | 0.60% | 2.58% | 4.12% |
| Q4 2025 | 17.43% | 0.64% | 0.82% | 3.45% | 4.10% |
| Q3 2025 | 17.28% | 0.60% | 0.15% | 0.63% | 4.11% |
| Q2 2025 | 17.08% | 0.75% | 0.45% | 2.11% | 4.03% |
| Q1 2025 | 17.81% | 0.81% | 0.25% | 1.21% | 3.99% |
| Q4 2024 | 17.69% | 0.81% | 0.38% | 1.94% | 4.00% |
| Q3 2024 | 16.56% | 0.68% | 0.59% | 2.78% | 4.07% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 Bank | Piedmont , AL | 36272 | $87.2M |
| Anniston Branch | Anniston , AL | 36201 | $69.1M |
| Oxford Branch | Oxford , AL | 36203 | $52.7M |
| Jacksonville Branch | Jacksonville , AL | 36265 | $46.1M |
| Centre Branch | Centre , AL | 35960 | $13.6M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in AL, rank 70 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 28 applications, 28 loans originated, $5.8M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $2.1M approved, $2.1M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (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 & Merchants Bank
What are Farmers & Merchants Bank's total assets?
As of the Q2 2026 filing, Farmers & Merchants Bank reported total assets of $308.7 million in its FFIEC call report.
Where is Farmers & Merchants Bank headquartered?
It is headquartered in Piedmont, AL, United States.
When was Farmers & Merchants Bank founded?
It was established in 1915, per the FDIC institution directory.
Is Farmers & Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1735). 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.
What is Farmers & Merchants Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.02% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Farmers & Merchants Bank operate?
It operates 5 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 3.54% 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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