The Farmers & Merchants Bank (Berlin, WI)
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Data as of · sourced from FFIEC call reports. How we update
The Farmers & Merchants Bank is an FDIC-insured commercial bank headquartered in Berlin, WI, established in 1940 (FDIC certificate 15779), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $949.4M, down 0.3% from Q2 2025, the 34th largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 12.76% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 15779
- Headquarters
- Berlin, WI
- Established
- 1940
- Total assets, Q2 2026
- $949.4M
- Assets vs Q2 2025
- -0.3%
- CET1 ratio, Q2 2026
- 12.76%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 075910921
- Latest call report
- Q2 2026, FFIEC 051 · The Farmers & Merchants Bank call report
- Holding company
- KUJAWA FAMILY HOLDINGS, INC.
- Asset rank in state
- 34th of 153 in Wisconsin
Problem loans are rising at The Farmers & Merchants Bank. The Berlin, Wisconsin bank had $949 million in assets at June 30, 2026. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.96% of loans from 1.40% a year earlier. It pays an average of 3.12% on its deposits and borrowings, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 1.80%). It also holds commercial real estate loans worth 3.1 times its capital, 2.6 times the median of 1.2 times for banks its size.
Net income for the quarter slipped 14% from a year earlier, to $3.0 million. Over the same year, loans grew 0.1% and deposits shrank 5.7%. Credit is the area to watch: it carries problem assets equal to 18.7% of the capital and reserves that would absorb them, 7.1 times the median of 2.6% for banks its size.
As of June 30, 2026, The Farmers & Merchants Bank reported a CET1 capital ratio of 12.76%, a return on assets of 1.25%, a nonperforming-loan ratio of 1.96% and a Texas ratio of 18.73%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, The Farmers & Merchants Bank is the 34th largest of the 153 banks headquartered in Wisconsin. Quarter on quarter (Q1 2026 to Q2 2026), its total assets were flat, loans rose 1.2% and deposits fell 4.6%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 22.9% of total loans, followed by 1-4 family residential loans at 21.9%. The FDIC Summary of Deposits lists 2 offices for it, in Berlin, WI. Judged on its Q2 2026 call report, The Farmers & Merchants Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 123 W Huron St, Berlin, WI 54923
- County
- Green Lake
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 2, 1940
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 71
- Domestic deposits
- $784.7M
- Allowance for credit losses
- $10.4M
- Net charge-offs (YTD)
- $1.1M
- Average total assets
- $966.6M
- Average total loans
- $752.3M
- Average interest-bearing deposits
- $726.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 2, 1940
- FDIC Cert
- 15779
- Fed RSSD
- 574949
- Website
- http://www.fmberlin.com →
- Parent Holding Company
- KUJAWA FAMILY HOLDINGS, INC. (RSSD 3444203)
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
The Farmers & Merchants Bank's total assets moved between a low of $774.0M (Q3 2023) and a high of $961.2M (Q3 2025) 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
$949.4M total assets against $952.3M; $862.3M total liabilities against $880.9M.
$730.5M net loans and leases against $732.0M; $784.7M total deposits against $832.3M.
$170.6M securities against $151.2M; $15.7M cash and balances due against $39.7M.
$14.7M total interest income against $14.4M; $6.7M total interest expense against $6.9M.
$8.0M net interest income against $7.6M.
$449K total noninterest income against $711K; $4.2M total noninterest expense against $3.7M.
$888K provision for credit losses against $1.1M.
$3.0M net income against $3.5M.
1.25% return on assets against 1.48%; 3.52% net interest margin against 3.36%.
12.76% CET1 capital ratio against 11.90%; 10.02% tier 1 leverage ratio against 9.22%.
Inside the full The 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).
The Farmers & Merchants Bank rankings
Its closest position to the top of a national ranking is 201 of 3,640, for Texas Ratio; its furthest is 1,481 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.38% (Q4 2024) to 1.48% (Q2 2025) and its net interest margin ran from 3.12% (Q3 2025) to 3.52% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.76% | 1.25% | 1.96% | 18.73% | 3.52% |
| Q1 2026 | 12.54% | 1.19% | 2.78% | 22.59% | 3.41% |
| Q4 2025 | 12.31% | 0.96% | 2.74% | 22.66% | 3.47% |
| Q3 2025 | 12.27% | 0.95% | 2.90% | 24.73% | 3.12% |
| Q2 2025 | 11.90% | 1.48% | 1.40% | 13.04% | 3.36% |
| Q1 2025 | 11.57% | 1.40% | 1.09% | 10.28% | 3.28% |
| Q4 2024 | 11.09% | 0.38% | 0.88% | 8.31% | 3.30% |
| Q3 2024 | 11.43% | 1.06% | 0.94% | 8.86% | 3.16% |
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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 |
|---|---|---|---|
| The Farmers & Merchants Bank | Berlin , WI | 54923 | $784.7M |
| Berlin Drive Up Location Branch | Berlin , WI | 54923 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in WI, rank 38 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $378K approved, $126K 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, 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 The Farmers & Merchants Bank
What are The Farmers & Merchants Bank's total assets?
As of the Q2 2026 filing, The Farmers & Merchants Bank reported total assets of $949.4 million in its FFIEC call report.
Where is The Farmers & Merchants Bank headquartered?
It is headquartered in Berlin, WI, United States.
When was The Farmers & Merchants Bank founded?
It was established in 1940, per the FDIC institution directory.
Is The Farmers & Merchants Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15779). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Farmers & Merchants Bank?
The Farmers & Merchants Bank's primary federal regulator is the Federal Reserve.
What is The Farmers & Merchants Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.76% in its Q2 2026 call report, above regulatory requirements.
How many branches does The 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 The Farmers & Merchants Bank's Texas Ratio?
Its Texas Ratio is 18.73% 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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