Farmers & Merchants Bank (Eatonton, GA)
BankRegReports is independent of Farmers & Merchants Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Farmers & Merchants Bank is an FDIC-insured commercial bank headquartered in Eatonton, GA, established in 1922 (FDIC certificate 9069), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $289.6M, down 8.4% from Q2 2025, the 70th largest of 121 banks headquartered in Georgia. Its CET1 capital ratio was 18.51% 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
- 9069
- Headquarters
- Eatonton, GA
- Established
- 1922
- Total assets, Q2 2026
- $289.6M
- Assets vs Q2 2025
- -8.4%
- CET1 ratio, Q2 2026
- 18.51%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 061110557
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Bank call report
- Holding company
- PUTNAM-GREENE FINANCIAL CORPORATION
- Asset rank in state
- 70th of 121 in Georgia
Problem loans are rising at Farmers & Merchants Bank. Its balance sheet stood at $290 million at June 30, 2026, down 8.4% from a year earlier; it is based in Eatonton, Georgia. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.74% of loans from 0.17% a year earlier. It keeps 2.94 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also holds commercial real estate loans worth 3.0 times its capital, 2.5 times the median of 1.2 times for banks its size.
Net income for the quarter slipped 28% from a year earlier, to $540,000. Over the same year, loans grew 14.5% and deposits shrank 10.8%. Profitability lags: it earns about $0.71 a year on every $100 of assets, lower than about three-quarters of banks its size (median $1.28).
As of June 30, 2026, Farmers & Merchants Bank reported a CET1 capital ratio of 18.51%, a return on assets of 0.71%, a nonperforming-loan ratio of 0.74% and a Texas ratio of 3.44%. The figures come from its call report filed with the FFIEC.
Of the 121 banks headquartered in Georgia, Farmers & Merchants Bank is the 70th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 3.1% to $289.6M, loans rose 16.9% and deposits fell 3.6%. The largest part of its loan book on June 30, 2026 was non-owner-occupied commercial real estate loans, at 52.3% of total loans, ahead of construction and land development loans at 22.0%. The FDIC Summary of Deposits lists 2 offices for it, in Eatonton, GA. On its Q2 2026 call report, Farmers & Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 100 S Madison Ave, Eatonton, GA 31024
- County
- Putnam
- 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
- November 15, 1922
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 34
- Domestic deposits
- $258.6M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- -$74K
- Average total assets
- $303.2M
- Average total loans
- $135.8M
- Average interest-bearing deposits
- $167.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9069
- Fed RSSD
- 64730
- Website
- www.ibankfmb.com →
- Parent Holding Company
- PUTNAM-GREENE FINANCIAL CORPORATION (RSSD 1246252)
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 $263.5M (Q3 2023) and a high of $334.7M (Q4 2024) from Q3 2023 to Q2 2026, 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
$289.6M total assets against $316.3M; $260.9M total liabilities against $291.7M.
$140.5M net loans and leases against $122.5M; $258.6M total deposits against $289.7M.
$106.4M securities against $106.1M; $37.6M cash and balances due against $82.2M.
$3.4M total interest income against $3.8M; $1.2M total interest expense against $1.6M.
$2.2M net interest income against $2.2M.
$191K total noninterest income against $199K; $1.6M total noninterest expense against $1.4M.
$56K provision for credit losses against $77K.
$540K net income against $745K.
0.71% return on assets against 0.89%; 2.94% net interest margin against 2.70%.
18.51% CET1 capital ratio against 19.19%; 11.20% tier 1 leverage ratio against 9.43%.
Inside the full Farmers & Merchants Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Farmers & Merchants Bank rankings
Its closest position to the top of a national ranking is 432 of 2,134, for CET1 ratio; its furthest is 3,008 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.28% (Q1 2025) to 0.89% (Q2 2025) and its net interest margin ran from 2.28% (Q1 2025) to 2.94% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.51% | 0.71% | 0.74% | 3.44% | 2.94% |
| Q1 2026 | 20.10% | 0.37% | 0.84% | 3.36% | 2.65% |
| Q4 2025 | 20.34% | 0.65% | 1.06% | 4.26% | 2.75% |
| Q3 2025 | 19.96% | 0.69% | 1.57% | 6.49% | 2.72% |
| Q2 2025 | 19.19% | 0.89% | 0.17% | 0.81% | 2.70% |
| Q1 2025 | 17.29% | 0.28% | 0.32% | 1.78% | 2.28% |
| Q4 2024 | 17.46% | 0.70% | 0.28% | 1.68% | 2.41% |
| Q3 2024 | 17.31% | 0.78% | 0.33% | 1.74% | 2.63% |
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 |
|---|---|---|---|
| Farmers & Merchants Bank (main office) | Eatonton , GA | 31024 | $207.9M |
| Oconee Parkway Branch | Eatonton , GA | 31024 | $50.6M |
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (Federal Reserve). These actions name the parent holding company, PUTNAM-GREENE FINANCIAL CORPORATION, not the bank itself
- April 16, 2004, Federal Reserve: Written Agreement: Putnam-Greene Financial Corporation, Eatonton, GA and The Citizens Bank of Cochran, Cochran, GA
- November 12, 1997, Federal Reserve: Cease and Desist Order: Putnam-Greene Financial Corporation, Eatonton, GA
- Period: Most recent institution action April 16, 2004. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- <0.1% of deposits in GA, rank 95 of 177 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $75K approved, $75K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- 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
Add this badge to your website
Free to use. It shows Farmers & Merchants Bank’s latest filed figures and updates each quarter.
Similar banks
Compare Farmers & Merchants Bank with peers
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 $289.6 million in its FFIEC call report.
Where is Farmers & Merchants Bank headquartered?
It is headquartered in Eatonton, GA, United States.
When was Farmers & Merchants Bank founded?
It was established in 1922, per the FDIC institution directory.
Is Farmers & Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9069). 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 18.51% 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 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 3.44% 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.
Go deeper on Farmers & Merchants Bank.
Get an email when Farmers & Merchants Bank files its next call report, and benchmark it against any peer you choose.
Unlock Farmers & Merchants Bank, freeFree account