Farmers & Merchants Bank & Trust (Burlington, IA)
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Data as of · sourced from FFIEC call reports. How we update
Farmers & Merchants Bank & Trust is an FDIC-insured commercial bank headquartered in Burlington, IA, established in 1916 (FDIC certificate 13737), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $208.2M, down 2.2% from Q2 2025, the 138th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 17.22% 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
- 13737
- Headquarters
- Burlington, IA
- Established
- 1916
- Total assets, Q2 2026
- $208.2M
- Assets vs Q2 2025
- -2.2%
- CET1 ratio, Q2 2026
- 17.22%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073900580
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Bank & Trust call report
- Holding company
- FARMERS AND MERCHANTS BANCSHARES, INC.
- Asset rank in state
- 138th of 225 in Iowa
Problem loans are rising at Farmers & Merchants Bank & Trust. Based in Burlington, Iowa, it had $208 million in assets at June 30, 2026, down 2.2% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.66% of loans from 1.20% a year earlier. It pays an average of 0.62% on its deposits and borrowings, about a third the median of 1.80% for the 2,660 banks with $100 million to $1 billion in assets. On the other hand, it spends about 78 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $439,000, 63% above the same quarter a year earlier. Delinquency has appeared in its $18 million non-owner-occupied commercial real estate book: 4.97% of those loans are past due or on nonaccrual, against almost none a year earlier. Credit is the area to watch: it carries problem assets equal to 10.9% of the capital and reserves that would absorb them, 4.1 times the median of 2.6% for banks its size.
As of June 30, 2026, Farmers & Merchants Bank & Trust reported a CET1 capital ratio of 17.22%, a return on assets of 0.85%, a nonperforming-loan ratio of 1.66% and a Texas ratio of 10.94%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Farmers & Merchants Bank & Trust is the 138th largest of the 225 banks headquartered in Iowa. From Q1 2026 to Q2 2026, its total assets fell 1.2% to $208.2M, loans rose 2.6% and deposits were flat. 1-4 family residential loans made up 46.5% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 14.8%. The FDIC Summary of Deposits lists 4 offices for it, in Burlington, IA, West Burlington, IA and W. Burlington, IA; its Burlington 2 offices book 67% of its branch deposits. On its Q2 2026 call report, Farmers & Merchants Bank & Trust meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 221 Jefferson St, Burlington, IA 52601
- County
- Des Moines
- Metro Area
- Burlington, IA-IL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- January 1, 1916
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 50
- Domestic deposits
- $187.0M
- Allowance for credit losses
- $2.0M
- Net charge-offs (YTD)
- $3K
- Average total assets
- $207.8M
- Average total loans
- $127.0M
- Average interest-bearing deposits
- $172.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 24, 1934
- FDIC Cert
- 13737
- Fed RSSD
- 888141
- Website
- www.fmbanktrust.bank →
- Parent Holding Company
- FARMERS AND MERCHANTS BANCSHARES, INC. (RSSD 2178631)
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 & Trust's total assets ran between $208.2M (Q2 2026) and $248.5M (Q1 2024), 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
$208.2M total assets against $212.9M; $190.6M total liabilities against $198.0M.
$126.7M net loans and leases against $121.5M; $187.0M total deposits against $189.0M.
$60.1M securities against $68.6M; $4.3M cash and balances due against $4.7M.
$2.1M total interest income against $2.0M; $310K total interest expense against $385K.
$1.8M net interest income against $1.6M.
$1.0M total noninterest income against $923K; $2.2M total noninterest expense against $2.2M.
$32K provision for credit losses against $35K.
$439K net income against $269K.
0.85% return on assets against 0.50%; 3.61% net interest margin against 3.18%.
17.22% CET1 capital ratio against 16.64%; 10.73% tier 1 leverage ratio against 9.85%.
Inside the full Farmers & Merchants Bank & Trust terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers & Merchants Bank & Trust rankings
Its closest position to the top of a national ranking is 556 of 3,640, for Texas Ratio; its furthest is 3,190 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.08% (Q4 2024) to 0.99% (Q1 2026) and its net interest margin ran from 2.69% (Q3 2024) to 3.61% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.22% | 0.85% | 1.66% | 10.94% | 3.61% |
| Q1 2026 | 17.40% | 0.99% | 1.75% | 11.50% | 3.42% |
| Q4 2025 | 16.75% | 0.72% | 0.96% | 6.54% | 3.39% |
| Q3 2025 | 16.74% | 0.61% | 1.21% | 8.47% | 3.22% |
| Q2 2025 | 16.64% | 0.50% | 1.20% | 8.92% | 3.18% |
| Q1 2025 | 16.90% | 0.53% | 0.34% | 2.58% | 2.93% |
| Q4 2024 | 16.34% | 0.08% | 0.14% | 1.21% | 2.86% |
| Q3 2024 | 16.09% | 0.63% | 0.21% | 1.60% | 2.69% |
Swipe the table sideways to see every column.
Branch Network
View all 4 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 & Trust (main office) | Burlington , IA | 52601 | $125.3M |
| West Burlington Branch | West Burlington , IA | 52655 | $61.7M |
| Parking Lot Branch | Burlington , IA | 52601 | $0 |
| Drive-In Branch | W. Burlington , IA | 52655 | $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 |
|---|---|---|---|
| August 6, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 6, 2005 | Structure Change | Acquired Farmers and Merchants Bank and Trust Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 7, 2002 | Structure Change | Acquired West Burlington Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 6, 2002 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 144 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $750K approved, $750K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2012 (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 & Trust
What are Farmers & Merchants Bank & Trust's total assets?
As of the Q2 2026 filing, Farmers & Merchants Bank & Trust reported total assets of $208.2 million in its FFIEC call report.
Where is Farmers & Merchants Bank & Trust headquartered?
It is headquartered in Burlington, IA, United States.
When was Farmers & Merchants Bank & Trust founded?
It was established in 1916, per the FDIC institution directory.
Is Farmers & Merchants Bank & Trust FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #13737). 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 & Trust?
Farmers & Merchants Bank & Trust's primary federal regulator is the FDIC.
What is Farmers & Merchants Bank & Trust's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.22% 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 & Trust operate?
It operates 4 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 & Trust's Texas Ratio?
Its Texas Ratio is 10.94% 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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