Farmers & Merchants Bank (Lakeland, GA)
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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 Lakeland, GA, established in 1907 (FDIC certificate 5716), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $862.0M, up 13.3% from Q2 2025, the 15th largest of 121 banks headquartered in Georgia. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.74% 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
- 5716
- Headquarters
- Lakeland, GA
- Established
- 1907
- Total assets, Q2 2026
- $862.0M
- Assets vs Q2 2025
- +13.3%
- Tier 1 leverage ratio, Q2 2026
- 9.74%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 061203642
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Bank call report
- Holding company
- LOWNDES BANCSHARES, INC.
- Asset rank in state
- 15th of 121 in Georgia
Farmers & Merchants Bank, based in Lakeland, Georgia, reported $862 million in assets at June 30, 2026, up 13.3% from a year earlier. It carries problem assets equal to 14.4% of the capital and reserves that would absorb them, 5.5 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it keeps 4.80 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Its $73 million commercial and industrial book is improving, with 4.01% past due or on nonaccrual, down from 9.79% a year earlier. Its $90 million non-owner-occupied commercial real estate book is improving, with 4.72% past due or on nonaccrual, down from 10.35% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.6 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Farmers & Merchants Bank reported a return on assets of 1.65%, a nonperforming-loan ratio of 1.86% and a Texas ratio of 14.44%. The figures come from its call report filed with the FFIEC.
Farmers & Merchants Bank ranks as the 15th largest of the 121 banks based in Georgia, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 7.7% to $862.0M, loans rose 1.4% and deposits rose 9.9%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 21.7% of total loans, ahead of construction and land development loans at 21.4%. Its 6 offices in the FDIC Summary of Deposits are in 5 cities in GA; its Valdosta 2 offices book 29% of its branch deposits. On its Q2 2026 call report, Farmers & Merchants Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 4 N Carter St, Lakeland, GA 31635
- County
- Lanier
- Metro Area
- Valdosta, GA
- 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
- January 1, 1907
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 126
- Domestic deposits
- $784.7M
- Allowance for credit losses
- $7.7M
- Net charge-offs (YTD)
- $671K
- Average total assets
- $845.3M
- Average total loans
- $616.1M
- Average interest-bearing deposits
- $643.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5716
- Fed RSSD
- 763930
- Website
- www.fmb.net →
- Parent Holding Company
- LOWNDES BANCSHARES, INC. (RSSD 3839340)
Profitability
Q2 annualizedBalance 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
Over the 12 quarters to Q2 2026, Farmers & Merchants Bank's total assets ran between $646.8M (Q3 2023) and $862.0M (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
$862.0M total assets against $760.5M; $788.0M total liabilities against $698.5M.
$613.1M net loans and leases against $571.0M; $784.7M total deposits against $695.7M.
$99.3M securities against $102.8M; $126.7M cash and balances due against $64.1M.
$13.8M total interest income against $12.9M; $4.0M total interest expense against $4.0M.
$9.8M net interest income against $8.8M.
$497K total noninterest income against $316K; $4.8M total noninterest expense against $5.0M.
$910K provision for credit losses against $400K.
$3.5M net income against $2.8M.
1.65% return on assets against 1.48%; 4.80% net interest margin against 4.79%.
9.74% tier 1 leverage ratio against 9.47%.
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 are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Farmers & Merchants Bank rankings
Its closest position to the top of a national ranking is 332 of 3,640, for Texas Ratio; its furthest is 1,173 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.75% (Q4 2024) to 1.74% (Q3 2025) and its net interest margin ran from 4.13% (Q4 2024) to 4.81% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.74% | 1.65% | 1.86% | 14.44% | 4.80% |
| Q1 2026 | 9.92% | 1.57% | 2.22% | 18.28% | 4.59% |
| Q4 2025 | 9.97% | 1.47% | 1.82% | 13.53% | 4.81% |
| Q3 2025 | 9.56% | 1.74% | 1.83% | 14.91% | 4.47% |
| Q2 2025 | 9.47% | 1.48% | 2.76% | 19.00% | 4.79% |
| Q1 2025 | 9.26% | 1.45% | 2.85% | 20.76% | 4.63% |
| Q4 2024 | 9.14% | -0.75% | 3.21% | 21.35% | 4.13% |
| Q3 2024 | 9.75% | 0.99% | 2.96% | 23.64% | 4.68% |
Swipe the table sideways to see every column.
Branch Network
View all 6 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 |
|---|---|---|---|
| North Valdosta Branch | Valdosta , GA | 31602 | $229.9M |
| Nashville Branch | Nashville , GA | 31639 | $179.9M |
| Homerville Branch | Homerville , GA | 31634 | $163.6M |
| Farmers and Merchants Bank | Lakeland , GA | 31635 | $140.6M |
| Conyers Branch | Conyers , GA | 30013 | $70.7M |
| South Valdosta Branch | Valdosta , GA | 31601 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 28, 2003 | Structure Change | Acquired The United Banking Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 27, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in GA, rank 33 of 177 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 346 applications, 301 loans originated, $41.8M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $8.0M approved, $2.7M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 $862.0 million in its FFIEC call report.
Where is Farmers & Merchants Bank headquartered?
It is headquartered in Lakeland, GA, United States.
When was Farmers & Merchants Bank founded?
It was established in 1907, per the FDIC institution directory.
Is Farmers & Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5716). 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 6 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 14.44% 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.
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