Farmers & Merchants Savings Bank (Manchester, 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 Manchester, IA, established in 1925 (FDIC certificate 9298), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $616.8M, up 3.8% from Q2 2025, the 48th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 13.66% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 9298
- Headquarters
- Manchester, IA
- Established
- 1925
- Total assets, Q2 2026
- $616.8M
- Assets vs Q2 2025
- +3.8%
- CET1 ratio, Q2 2026
- 13.66%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 073903244
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants Savings Bank call report
- Holding company
- DUNN INVESTMENT CO.
- Asset rank in state
- 48th of 225 in Iowa
Farmers & Merchants Savings Bank runs leaner than most banks of its size. Based in Manchester, Iowa, it had $617 million in assets at June 30, 2026, up 3.8% from a year earlier. It spends about 47 cents to bring in each dollar of revenue, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 61 cents). It also grew its loan book 14.3% over the year, 2.6 times the median of 5.5% for banks its size.
Loans are outrunning deposits: over the year loans rose 14.3% and deposits rose 0.4%. Its $200 million commercial and industrial book is improving, with 0.53% past due or on nonaccrual, down from 5.87% a year earlier. Credit is the area to watch: it carries problem assets equal to 8.5% of the capital and reserves that would absorb them, about triple the median of 2.6% for banks its size.
As of June 30, 2026, Farmers & Merchants Savings Bank reported a CET1 capital ratio of 13.66%, a return on assets of 1.18%, a nonperforming-loan ratio of 1.70% and a Texas ratio of 8.45%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Farmers & Merchants Savings Bank is the 48th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.6% to $616.8M, loans rose 5.7% and deposits rose 0.3%. Commercial and industrial loans made up 43.3% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 12.2%. Its 7 offices in the FDIC Summary of Deposits are in 6 cities across 2 states; its Manchester office books 38% of its branch deposits. By the capital ratios in its Q2 2026 call report, Farmers & Merchants Savings Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 101 E Main St, Manchester, IA 52057
- County
- Delaware
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- July 20, 1925
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 85
- Domestic deposits
- $516.0M
- Allowance for credit losses
- $9.7M
- Net charge-offs (YTD)
- -$21K
- Average total assets
- $613.7M
- Average total loans
- $453.6M
- Average interest-bearing deposits
- $378.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9298
- Fed RSSD
- 863746
- Website
- www.fmbankia.com →
- Parent Holding Company
- DUNN INVESTMENT CO. (RSSD 2558484)
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
From Q3 2023 to Q2 2026, Farmers & Merchants Savings Bank's total assets ranged from $584.4M (Q2 2024) to $637.6M (Q3 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
$616.8M total assets against $594.5M; $541.8M total liabilities against $518.3M.
$451.6M net loans and leases against $395.8M; $516.0M total deposits against $514.2M.
$136.7M securities against $120.2M; $10.1M cash and balances due against $60.0M.
$8.8M total interest income against $8.0M; $2.2M total interest expense against $2.4M.
$6.6M net interest income against $5.6M.
$365K total noninterest income against $343K; $3.3M total noninterest expense against $3.9M.
$1.8M provision for credit losses against $0.
$1.8M net income against $1.9M.
1.18% return on assets against 1.30%; 4.42% net interest margin against 3.87%.
13.66% CET1 capital ratio against 15.90%; 12.41% tier 1 leverage ratio against 13.13%.
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 575 of 3,606, for efficiency ratio; its furthest is 2,082 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.80% (Q3 2025) to 1.37% (Q4 2024) and its net interest margin ran from 3.47% (Q3 2024) to 4.62% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.66% | 1.18% | 1.70% | 8.45% | 4.42% |
| Q1 2026 | 15.53% | 1.10% | 1.64% | 8.06% | 4.43% |
| Q4 2025 | 14.04% | 1.07% | 0.36% | 1.66% | 4.43% |
| Q3 2025 | 15.10% | -0.80% | 0.79% | 3.46% | 4.62% |
| Q2 2025 | 15.90% | 1.30% | 2.17% | 8.12% | 3.87% |
| Q1 2025 | 16.08% | 1.30% | 1.62% | 5.74% | 3.79% |
| Q4 2024 | 14.18% | 1.37% | 1.82% | 6.99% | 3.69% |
| Q3 2024 | 15.25% | 1.23% | 2.09% | 7.78% | 3.47% |
Swipe the table sideways to see every column.
Branch Network
View all 7 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 Savings Bank (main office) | Manchester , IA | 52057 | $198.0M |
| Cedar Rapids Branch | Cedar Rapids , IA | 52404 | $81.3M |
| Vadnais Heights Branch | Vadnais Heights , MN | 55127 | $69.4M |
| Cedar Rapids Branch | Cedar Rapids , IA | 52402 | $68.4M |
| Lino Lakes Branch | Lino Lakes , MN | 55014 | $52.1M |
| Farmers & Merchants Savings Bank Branch | Anamosa , IA | 52205 | $34.6M |
| Monticello Branch | Monticello , IA | 52310 | $12.2M |
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 |
|---|---|---|---|
| January 1, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2015 | Structure Change | Acquired Security Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 18, 2010 | Structure Change | Acquired Community National Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| December 17, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| October 12, 2000 | Structure Change | Acquired F & M Shares Corp. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 25, 1994 | Structure Change | Acquired United Federal Savings Association of Iowa Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in IA, rank 72 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 104 applications, 86 loans originated, $21.7M originated, across 8 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 15 loans, $3.5M approved, $236K 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 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 $616.8 million in its FFIEC call report.
Where is Farmers & Merchants Savings Bank headquartered?
It is headquartered in Manchester, IA, United States.
When was Farmers & Merchants Savings Bank founded?
It was established in 1925, per the FDIC institution directory.
Is Farmers & Merchants Savings Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9298). 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 Federal Reserve.
What is Farmers & Merchants Savings Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.66% 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 Savings Bank operate?
It operates 7 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 8.45% 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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