Farmers & Merchants Bank (Timberville, VA)
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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 Timberville, VA, established in 1908 (FDIC certificate 8668), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $1.40B, up 6.5% from Q2 2025, the 24th largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 13.50% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 8668
- Headquarters
- Timberville, VA
- Established
- 1908
- Total assets, Q2 2026
- $1.40B
- Assets vs Q2 2025
- +6.5%
- CET1 ratio, Q2 2026
- 13.50%
- Domestic offices
- 16 FDIC institution directory, current count
- Routing number
- 051404419
- Latest call report
- Q2 2026, FFIEC 041 · Farmers & Merchants Bank call report
- Holding company
- F & M BANK CORP.
- Asset rank in state
- 24th of 56 in Virginia
Farmers & Merchants Bank, based in Timberville, Virginia, reported $1.4 billion in assets at June 30, 2026, up 6.5% from a year earlier. It holds 14% of its deposits (14%) above the FDIC insurance limit, about half the median of 30.9% for the 895 banks with $1 billion to $10 billion in assets. On the other hand, it funds 9.10% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.52%).
Earnings jumped: net income for the quarter was $5.4 million, 89% above the same quarter a year earlier. Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.43% of loans from 0.90%.
As of June 30, 2026, Farmers & Merchants Bank reported a CET1 capital ratio of 13.50%, a return on assets of 1.52%, a nonperforming-loan ratio of 0.43% and a Texas ratio of 3.26%. The figures come from its call report filed with the FFIEC.
Of the 56 banks headquartered in Virginia, Farmers & Merchants Bank is the 24th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.8% to $1.40B, loans rose 3.0% and deposits fell 1.3%. 1-4 family residential loans made up 35.7% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 13.7%. The FDIC Summary of Deposits lists 16 offices for it, in 12 cities in VA; its Harrisonburg 2 offices book 21% of its branch deposits. On its Q2 2026 call report, Farmers & Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 165 New Market Rd, Timberville, VA 22853
- County
- Rockingham
- Metro Area
- Harrisonburg, VA
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1908
- Former names
- Farmers and Merchants Bank of Rockingham (1974-1984); Farmers and Merchants Bank of Timberville, Inc. (1973-1974)
- Domestic offices
- 16 FDIC institution directory, current count
- Employees (FTE)
- 184
- Domestic deposits
- $1.27B
- Allowance for credit losses
- $8.1M
- Net charge-offs (YTD)
- $329K
- Average total assets
- $1.42B
- Average total loans
- $917.9M
- Average interest-bearing deposits
- $965.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8668
- Fed RSSD
- 713926
- SEC CIK
- 740806 → filed by F & M BANK CORP.
- Website
- www.FMBankVA.com →
- Parent Holding Company
- F & M BANK CORP. (RSSD 1076495) · FMBM
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Aubrey M. Wilkerson | CEO | CEO |
| Barton E. Black | PRES | President |
| Lisa F Campbell | CFO | EVP/CFO |
| Evan S. Mchaffa | CCO | EVP/Chief Credit Officer |
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
Over the 12 quarters to Q2 2026, Farmers & Merchants Bank's total assets ran between $1.28B (Q3 2023) and $1.41B (Q1 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
$1.40B total assets against $1.31B; $1.28B total liabilities against $1.21B.
$919.8M net loans and leases against $842.7M; $1.27B total deposits against $1.20B.
$337.5M securities against $340.0M; $60.9M cash and balances due against $47.6M.
$18.1M total interest income against $16.8M; $5.6M total interest expense against $6.2M.
$12.5M net interest income against $10.6M.
$7.7M total noninterest income against $2.3M; $9.9M total noninterest expense against $8.5M.
$269K provision for credit losses against $1.2M.
$5.4M net income against $2.8M.
1.52% return on assets against 0.85%; 3.79% net interest margin against 3.43%.
13.50% CET1 capital ratio against 12.73%; 9.10% tier 1 leverage ratio against 8.68%.
Inside the full Farmers & Merchants Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers & Merchants Bank rankings
Its closest position to the top of a national ranking is 780 of 4,196, for total assets; its furthest is 900 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.23% (Q3 2024) to 1.52% (Q2 2026) and its net interest margin ran from 2.73% (Q3 2024) to 3.79% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.50% | 1.52% | 0.43% | 3.26% | 3.79% |
| Q1 2026 | 13.18% | 0.93% | 0.54% | 4.22% | 3.52% |
| Q4 2025 | 13.11% | 0.89% | 0.68% | 5.35% | 3.43% |
| Q3 2025 | 12.76% | 0.86% | 0.85% | 6.93% | 3.35% |
| Q2 2025 | 12.73% | 0.85% | 0.90% | 7.57% | 3.43% |
| Q1 2025 | 12.57% | 0.72% | 1.08% | 9.25% | 3.07% |
| Q4 2024 | 12.42% | 0.66% | 0.84% | 7.70% | 2.88% |
| Q3 2024 | 12.28% | 0.23% | 0.79% | 6.79% | 2.73% |
Swipe the table sideways to see every column.
Branch Network
View all 16 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 |
|---|---|---|---|
| Bridgewater Branch | Bridgewater , VA | 22812 | $199.9M |
| Farmers & Merchants Bank (main office) | Timberville , VA | 22853 | $182.9M |
| Crossroads Branch | Harrisonburg , VA | 22801 | $156.1M |
| Elkton Branch | Elkton , VA | 22827 | $136.1M |
| Broadway Branch | Broadway , VA | 22815 | $135.3M |
| Legacy Branch | Harrisonburg , VA | 22801 | $108.7M |
| Edinburg Branch | Edinburg , VA | 22824 | $95.8M |
| Woodstock Branch | Woodstock , VA | 22664 | $78.9M |
| North Augusta Branch | Staunton , VA | 24401 | $50.5M |
| Myers Corner Branch | Staunton , VA | 24401 | $35.2M |
| Winchester Downtown Branch | Winchester , VA | 22601 | $32.7M |
| Waynesboro Branch | Waynesboro , VA | 22980 | $24.3M |
| Stuarts Draft Branch | Stuarts Draft , VA | 24477 | $20.8M |
| Amherst Branch | Winchester , VA | 22601 | $9.6M |
| Warrenton Branch | Warrenton , VA | 20186 | $5K |
| Winchester Branch | Winchester , VA | 22601 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in VA, rank 29 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $525K approved, $175K 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, 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
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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 $1.40 billion in its FFIEC call report.
Where is Farmers & Merchants Bank headquartered?
It is headquartered in Timberville, VA, United States.
When was Farmers & Merchants Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Farmers & Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8668). 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 Federal Reserve.
What is Farmers & Merchants Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.50% 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 16 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 3.26% 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.
What was Farmers & Merchants Bank previously called?
The charter now named Farmers & Merchants Bank has also operated as Farmers and Merchants Bank of Rockingham (1974-1984), Farmers and Merchants Bank of Timberville, Inc. (1973-1974), per FDIC structure-change records.
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