Bank Safety Analysis
Is Farmers & Merchants Bank of Central California Safe? Lodi, California
Based on its Q3 2026 call report, Farmers & Merchants Bank of Central California meets every capital ratio test for well capitalized, its Texas ratio is 0.63%, and its deposits are FDIC insured up to $250,000 per depositor.
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Short answer: is Farmers & Merchants Bank of Central California safe?
On its Q3 2026 call report, Farmers & Merchants Bank of Central California's CET1 ratio is 15.08%, above the 6.5% well-capitalized threshold.
- CET1 ratio (Q3 2026): 15.08%
- Tier 1 leverage ratio (Q3 2026): 12.02%
- Texas ratio (Q3 2026): 0.63%
- Noncurrent loans ratio (Q3 2026): 0.12%
Farmers & Merchants Bank of Central California is an FDIC-insured commercial bank (FDIC Certificate #1331). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Source: the FFIEC call report Farmers & Merchants Bank of Central California (FDIC Certificate #1331) filed for the quarter ended September 30, 2026. BankRegReports computes every ratio on this page from that filing.
Context: largest US bank failures.
Farmers & Merchants Bank of Central California passes all 5 scorecard dimensions, but not every risk screen below is clear. 2 risk screens are flagged: uninsured deposit share and held-to-maturity unrealized loss to equity.
In Q3 2026, net interest margin edged up by 0.10 percentage points, from 4.17% to 4.27%, the largest move among the key lines here. Farmers & Merchants Bank of Central California ranks 34th of 71 California banks on CET1 ratio, in the upper half at 15.08% (Q3 2026). The median for banks in the $1B-10B asset tier is 13.60% on CET1 ratio. Farmers & Merchants Bank of Central California sits 1.48 points higher, at 15.08% (Q3 2026). From Q4 2023 to Q3 2026, Farmers & Merchants Bank of Central California's CET1 ratio ranged between 12.56% (Q4 2023) and 15.08% (Q3 2026) and its Texas ratio ranged between 0.10% (Q4 2025) and 0.79% (Q2 2026). Between Q3 2025 and Q3 2026, Farmers & Merchants Bank of Central California's CET1 ratio rose from 13.98% to 15.08%, nonperforming loan ratio (nonaccrual plus 90+ days past due) rose from 0.03% to 0.12%, Texas ratio rose from 0.28% to 0.63% and return on assets rose from 1.74% to 1.84%.
By total assets at Q3 2026, Farmers & Merchants Bank of Central California is the 19th largest of the 113 banks headquartered in California. Non-owner-occupied commercial real estate loans are its largest loan category, $910.5M of $3.74B in total loans on its September 30, 2026 call report. Against the 941 banks with $1B to $10B in assets for Q3 2026, Farmers & Merchants Bank of Central California's CET1 ratio of 15.08% is above the 13.60% median, Tier 1 leverage ratio of 12.02% is above the 10.54% median, nonperforming loans ratio of 0.12% is below the 0.54% median, Texas ratio of 0.63% is below the 3.95% median, and efficiency ratio of 51.99% is below the 58.15% median.
Data as of · sourced from FFIEC call reports. How we update
An exploratory screening score that ranks relative failure risk across filers. It is not a calibrated probability, not a credit rating, and not a CAMELS rating.
Held-out test AUC 0.925 for the 1-year horizon (v20261103_032653). Trained on credit-driven community-bank failures, it carries little signal for interest-rate or deposit-flight risk. The score covers every FDIC-insured bank in the latest run, but the model was trained on community and regional banks and its accuracy above roughly $10 billion in assets is not established, so a low score is not evidence of safety.
How does Farmers & Merchants Bank of Central California score on capital, credit and costs?
Peer cohort: $1B to $10B (896 banks) · Industry averages as of Q3 2026.
Median of the 941 banks with $1B to $10B in assets, Q3 2026: 13.60%.
Median of the 941 banks with $1B to $10B in assets, Q3 2026: 10.54%.
Median of the 941 banks with $1B to $10B in assets, Q3 2026: 0.54%.
Median of the 941 banks with $1B to $10B in assets, Q3 2026: 3.95%.
Median of the 941 banks with $1B to $10B in assets, Q3 2026: 58.15%.
Does Farmers & Merchants Bank of Central California trip any risk screens?
Latest filing (Q3 2026), passing screens included.
| Screen | Value | Result |
|---|---|---|
| CET1 capital ratio supervisory threshold | 15.08% | Within range |
| Texas ratio BankRegReports band | 0.63% | Within range |
| Nonperforming loan ratio BankRegReports band | 0.12% | Within range |
| Uninsured deposit share BankRegReports band | 51.13% | Flagged |
| Loan-to-deposit ratio BankRegReports band | 75.27% | Within range |
| Commercial real estate to capital supervisory threshold | 156.00% | Within range |
| Held-to-maturity unrealized loss to equity BankRegReports band | 23.15% | Flagged |
Capital ratio: last 12 quarters
| Quarter | CET1 (%) |
|---|---|
| Q3 2026 | 15.08% |
| Q2 2026 | 14.74% |
| Q1 2026 | 14.40% |
| Q4 2025 | 13.99% |
| Q3 2025 | 13.98% |
| Q2 2025 | 14.13% |
| Q1 2025 | 14.01% |
| Q4 2024 | 13.30% |
| Q3 2024 | 13.72% |
| Q2 2024 | 13.33% |
| Q1 2024 | 12.95% |
| Q4 2023 | 12.56% |
Texas Ratio: last 12 quarters
| Quarter | Texas Ratio (%) |
|---|---|
| Q3 2026 | 0.63% |
| Q2 2026 | 0.79% |
| Q1 2026 | 0.55% |
| Q4 2025 | 0.10% |
| Q3 2025 | 0.28% |
| Q2 2025 | 0.17% |
| Q1 2025 | 0.16% |
| Q4 2024 | 0.28% |
| Q3 2024 | 0.35% |
| Q2 2024 | 0.13% |
| Q1 2024 | 0.69% |
| Q4 2023 | 0.14% |
Loans by type, Q3 2026
- Non-owner-occupied commercial real estate loans: $910.5M
- Commercial and industrial loans: $567.8M
- Owner-occupied commercial real estate loans: $439.0M
- 1-4 family residential loans: $427.1M
- Agricultural production loans: $271.1M
- Multifamily loans: $180.0M
- Leases: $175.2M
- Construction and land development loans: $99.5M
How have Farmers & Merchants Bank of Central California's safety ratios changed?
| Quarter end | Total assets | CET1 | Leverage | NPL ratio | Texas ratio | Efficiency |
|---|---|---|---|---|---|---|
| Sep 30, 2026 | $5.70B | 15.08% | 12.02% | 0.12% | 0.63% | 51.99% |
| Jun 30, 2026 | $5.83B | 14.74% | 11.65% | 0.13% | 0.79% | 42.47% |
| Mar 31, 2026 | $5.84B | 14.40% | 11.31% | 0.11% | 0.55% | 45.24% |
| Dec 31, 2025 | $5.69B | 13.99% | 10.98% | 0.02% | 0.10% | 43.68% |
| Sep 30, 2025 | $5.63B | 13.98% | 11.21% | 0.03% | 0.28% | 44.76% |
| Jun 30, 2025 | $5.48B | 14.13% | 11.21% | 0.00% | 0.17% | 43.25% |
| Mar 31, 2025 | $5.68B | 14.01% | 11.35% | 0.01% | 0.16% | 42.07% |
| Dec 31, 2024 | $5.38B | 13.30% | 10.99% | 0.03% | 0.28% | 43.83% |
Banks with a similar risk profile
4 banks in the same asset tier with the same overall verdict.
Frequently asked
Is Farmers & Merchants Bank of Central California FDIC insured?
Yes. Farmers & Merchants Bank of Central California is an FDIC-insured commercial bank (FDIC Certificate #1331). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Is Farmers & Merchants Bank of Central California well capitalized?
On its Q3 2026 call report, Farmers & Merchants Bank of Central California's CET1 ratio is 15.08%, above the 6.5% well-capitalized threshold. The threshold comes from Prompt Corrective Action, which its primary federal regulator, the FDIC, applies.
What are Farmers & Merchants Bank of Central California's key safety ratios?
For Q3 2026, Farmers & Merchants Bank of Central California reports CET1 15.08%, leverage 12.02%, Texas ratio 0.63%, noncurrent loans 0.12%. Its Texas ratio compares with the 3.95% median for the 941 banks with $1B to $10B in assets.
What happens to my deposits if Farmers & Merchants Bank of Central California fails?
For Q3 2026, Farmers & Merchants Bank of Central California reported $4.97B in total deposits, 51.13% of them estimated as uninsured. If it failed, the FDIC would pay insured deposits up to $250,000 per depositor.
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Where does this data come from?
Not investment advice. See the full Farmers & Merchants Bank of Central California profile.
How we score this
Capital categories follow Prompt Corrective Action (12 CFR 324.403): well capitalized at a CET1 ratio of 6.5%, Tier 1 risk-based 8%, total risk-based 10% and Tier 1 leverage 5%; adequately capitalized at 4.5%, 6%, 8% and 4%. A community bank may elect the community bank leverage ratio instead.
CET1 Ratio: Common equity tier 1 (CET1) capital, mostly common stock and retained earnings, divided by risk-weighted assets. Pass ≥ 7.0% (minimum plus conservation buffer), fail < 4.5% (below minimum).
Tier 1 Leverage Ratio: Tier 1 capital divided by average total assets, with no risk weighting. Pass ≥ 5.0% (well-capitalized), fail < 4.0% (below minimum).
Nonperforming Loans (NPL) Ratio: Nonaccrual loans plus loans 90 or more days past due, divided by total loans. Pass < 1.5%, fail > 3.0%.
Texas Ratio: Problem assets (nonaccrual loans, loans 90+ days past due and still accruing, and OREO, net of U.S. government-guaranteed portions) divided by tangible equity plus the allowance for credit losses. Pass < 50%, fail > 100% (historical failure threshold).
Efficiency Ratio: Noninterest expense divided by revenue (net interest income plus noninterest income). Pass ≤ 75% (lower is better), fail ≥ 90%.
Risk screens, beyond those bands: Uninsured deposit share watch at 50%, concern at 70%; Loan-to-deposit ratio flags at 100% or above; Commercial real estate to capital watch at 200% (our band), concern at 300% (the 2006 interagency guidance level); Held-to-maturity unrealized loss to equity watch at 10%, concern at 25%; NPL, Texas ratio and efficiency bands are ours.
Not a credit rating. Methodology.