Farmers & Merchants Savings Bank (Iowa City, IA)
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Data as of · sourced from FFIEC call reports. How we update
Farmers & Merchants Savings Bank is an FDIC-insured commercial bank headquartered in Iowa City, IA, established in 1901 (FDIC certificate 10492), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $122.5M, up 1.1% from Q2 2025, the 182nd largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 13.62% 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
- 10492
- Headquarters
- Iowa City, IA
- Established
- 1901
- Total assets, Q2 2026
- $122.5M
- Assets vs Q2 2025
- +1.1%
- Tier 1 leverage ratio, Q2 2026
- 13.62%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 073907541
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Savings Bank Q3 2026 call report, filed October 26, 2026 (preliminary)
- Holding company
- LONE TREE SERVICE COMPANY
- Asset rank in state
- 182nd of 225 in Iowa
Farmers & Merchants Savings Bank, based in Iowa City, Iowa, reported $122 million in assets at June 30, 2026, up 1.1% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 2.6%). It also funds 13.62% of its assets with Tier 1 capital, higher than about three-quarters of banks its size (median 10.99%).
Net income for the quarter rose 11% from a year earlier, to $331,000. Profitability lags: it returns 7.8% a year on shareholders' equity, lower than about three-quarters of banks its size (median 12.5%).
As of June 30, 2026, Farmers & Merchants Savings Bank reported a return on assets of 1.07%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Farmers & Merchants Savings Bank ranks as the 182nd largest of the 225 banks based in Iowa, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets fell 1.2% to $122.5M, loans fell 1.2% and deposits fell 1.6%. 1-4 family residential loans made up 35.1% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 18.5%. Its 4 offices in the FDIC Summary of Deposits are in 4 cities in IA; its Lone Tree office books 41% of its branch deposits. By the capital ratios in its Q2 2026 call report, Farmers & Merchants Savings Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 2235 Mormon Trek Blvd, Iowa City, IA 52246
- County
- Johnson
- Metro Area
- Iowa City, IA
- 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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- September 25, 1901
- Former names
- Farmers and Merchants Savings Bank (1970)
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 15
- Domestic deposits
- $102.7M
- Allowance for credit losses
- $1.0M
- Net charge-offs (YTD)
- $0
- Average total assets
- $123.2M
- Average total loans
- $79.9M
- Average interest-bearing deposits
- $79.7M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10492
- Fed RSSD
- 673244
- Website
- www.fmbankonline.com →
- Parent Holding Company
- LONE TREE SERVICE COMPANY (RSSD 1201336)
- Ultimate Parent
- COUNTRY BANCORPORATION (RSSD 1203910)
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 Savings Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Farmers & Merchants Savings Bank's total assets moved between a low of $88.4M (Q3 2023) and a high of $123.9M (Q1 2026) 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
$122.5M total assets against $121.2M; $105.4M total liabilities against $104.8M.
$78.4M net loans and leases against $77.8M; $102.7M total deposits against $100.6M.
$33.3M securities against $33.7M; $3.1M cash and balances due against $1.9M.
$1.5M total interest income against $1.4M; $479K total interest expense against $442K.
$1.0M net interest income against $962K.
$56K total noninterest income against $43K; $653K total noninterest expense against $611K.
$0 provision for credit losses against $2K.
$331K net income against $297K.
1.07% return on assets against 0.97%; 3.53% net interest margin against 3.31%.
13.62% tier 1 leverage ratio against 13.44%.
Inside the full Farmers & Merchants Savings Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeFarmers & Merchants Savings Bank rankings
Its closest position to the top of a national ranking is 1,898 of 3,606, for efficiency ratio; its furthest is 3,614 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.78% (Q3 2024) to 1.07% (Q2 2026) and its net interest margin ran from 3.03% (Q3 2024) to 3.53% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.62% | 1.07% | 0.00% | 0.00% | 3.53% |
| Q1 2026 | 13.38% | 0.93% | 0.00% | 0.00% | 3.35% |
| Q4 2025 | 13.61% | 0.98% | 0.00% | 0.00% | 3.32% |
| Q3 2025 | 13.41% | 0.94% | 0.00% | 0.00% | 3.38% |
| Q2 2025 | 13.44% | 0.97% | 0.00% | 0.00% | 3.31% |
| Q1 2025 | 13.14% | 0.83% | 0.00% | 0.00% | 3.16% |
| Q4 2024 | 13.59% | 1.00% | 0.00% | 0.00% | 3.12% |
| Q3 2024 | 13.38% | 0.78% | 0.00% | 0.29% | 3.03% |
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 |
|---|---|---|---|
| Lone Tree Branch | Lone Tree , IA | 52755 | $42.2M |
| Peoples Trust & Savings Branch | Riverside , IA | 52327 | $28.5M |
| Farmers and Merchants Savings Bank | Iowa City , IA | 52246 | $24.8M |
| Nichols Branch | Nichols , IA | 52766 | $7.2M |
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 |
|---|---|---|---|
| December 9, 2023 | Structure Change | Acquired Peoples Trust and Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 8, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 1970 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 1970 | Structure Change | Acquired The Lone Tree Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
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 206 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 23 applications, 22 loans originated, $4.7M originated, across 1 states
- Period: Calendar year 2019. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $295K approved, $295K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2020 (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 Savings Bank
What are Farmers & Merchants Savings Bank's total assets?
As of the Q2 2026 filing, Farmers & Merchants Savings Bank reported total assets of $122.5 million in its FFIEC call report.
Where is Farmers & Merchants Savings Bank headquartered?
It is headquartered in Iowa City, IA, United States.
When was Farmers & Merchants Savings Bank founded?
It was established in 1901, per the FDIC institution directory.
Is Farmers & Merchants Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10492). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Farmers & Merchants Savings Bank?
Farmers & Merchants Savings Bank's primary federal regulator is the FDIC.
How many branches does Farmers & Merchants Savings Bank 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 Savings Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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 Savings Bank previously called?
The charter now named Farmers & Merchants Savings Bank has also operated as Farmers and Merchants Savings Bank (1970), per FDIC structure-change records.
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