Bank Safety Analysis
Is Farmers & Merchants State Bank of New York Mills, Incorporated Safe? New York Mills, Minnesota
Based on its Q2 2026 call report, Farmers & Merchants State Bank of New York Mills, Incorporated meets every capital ratio test for well capitalized, its Texas ratio is 12.20%, and its deposits are FDIC insured up to $250,000 per depositor.
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Short answer: is Farmers & Merchants State Bank of New York Mills, Incorporated safe?
On its Q2 2026 call report, Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 ratio is 24.32%, above the 6.5% well-capitalized threshold.
- CET1 ratio (Q2 2026): 24.32%
- Tier 1 leverage ratio (Q2 2026): 13.27%
- Texas ratio (Q2 2026): 12.20%
- Noncurrent loans ratio (Q2 2026): 2.28%
Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured commercial bank (FDIC Certificate #9340). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Source: the FFIEC call report Farmers & Merchants State Bank of New York Mills, Incorporated (FDIC Certificate #9340) filed for the quarter ended June 30, 2026. BankRegReports computes every ratio on this page from that filing.
Context: largest US bank failures.
Farmers & Merchants State Bank of New York Mills, Incorporated meets regulatory minimums but is on the watch band for 1 of 5 safety dimensions.
Nonperforming loan ratio (nonaccrual plus 90+ days past due) climbed 0.88 percentage points in Q2 2026, from 1.40% to 2.28%. It was the largest change from Q1 2026 among the key lines here. Within Minnesota, Farmers & Merchants State Bank of New York Mills, Incorporated is 18th of 162 on CET1 ratio, 24.32% as of Q2 2026. The median for banks in the < $100M asset tier is 19.96% on CET1 ratio. Farmers & Merchants State Bank of New York Mills, Incorporated sits 4.36 points higher, at 24.32% (Q2 2026). From Q3 2023 to Q2 2026, Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 ratio ranged between 23.08% (Q1 2024) and 28.01% (Q3 2023) and its Texas ratio ranged between 0.00% (Q4 2023) and 17.46% (Q2 2024). Between Q2 2025 and Q2 2026, Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 ratio fell from 25.06% to 24.32%, nonperforming loan ratio (nonaccrual plus 90+ days past due) rose from 0.02% to 2.28%, Texas ratio rose from 1.82% to 12.20% and return on assets rose from 0.14% to 1.05%.
Farmers & Merchants State Bank of New York Mills, Incorporated ranks as the 185th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. 1-4 family residential loans are its largest loan category, $9.5M of $38.9M in total loans on its June 30, 2026 call report. Against the 578 banks with under $100M in assets for Q2 2026, Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 ratio of 24.32% is above the 19.96% median, Tier 1 leverage ratio of 13.27% is above the 12.62% median, nonperforming loans ratio of 2.28% is above the 0.44% median, Texas ratio of 12.20% is above the 2.09% median, and efficiency ratio of 73.68% is above the 69.61% 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 0.910 for the 1-year horizon (v20261026_025757). 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 State Bank of New York Mills, Incorporated score on capital, credit and costs?
Peer cohort: Under $100M (583 banks) · Industry averages as of Q2 2026.
Median of the 578 banks with under $100M in assets, Q2 2026: 19.96%.
Median of the 578 banks with under $100M in assets, Q2 2026: 12.62%.
Median of the 578 banks with under $100M in assets, Q2 2026: 0.44%.
Median of the 578 banks with under $100M in assets, Q2 2026: 2.09%.
Median of the 578 banks with under $100M in assets, Q2 2026: 69.61%.
Does Farmers & Merchants State Bank of New York Mills, Incorporated trip any risk screens?
Latest filing (Q2 2026), passing screens included.
| Screen | Value | Result |
|---|---|---|
| CET1 capital ratio supervisory threshold | 24.32% | Within range |
| Texas ratio BankRegReports band | 12.20% | Within range |
| Non-performing loan ratio BankRegReports band | 2.28% | Within range |
| Uninsured deposit share BankRegReports band | — | Not reported |
| Loan-to-deposit ratio BankRegReports band | 53.86% | Within range |
| Commercial real estate to capital supervisory threshold | 50.11% | Within range |
| Held-to-maturity unrealized loss to equity BankRegReports band | 0.00% | Within range |
Capital ratio: last 12 quarters
| Quarter | CET1 (%) |
|---|---|
| Q2 2026 | 24.32% |
| Q1 2026 | 25.73% |
| Q4 2025 | 27.01% |
| Q3 2025 | 26.10% |
| Q2 2025 | 25.06% |
| Q1 2025 | 26.45% |
| Q4 2024 | 24.82% |
| Q3 2024 | 25.13% |
| Q2 2024 | 24.23% |
| Q1 2024 | 23.08% |
| Q4 2023 | 23.19% |
| Q3 2023 | 28.01% |
Texas Ratio: last 12 quarters
| Quarter | Texas Ratio (%) |
|---|---|
| Q2 2026 | 12.20% |
| Q1 2026 | 8.46% |
| Q4 2025 | 1.52% |
| Q3 2025 | 1.66% |
| Q2 2025 | 1.82% |
| Q1 2025 | 2.48% |
| Q4 2024 | 12.43% |
| Q3 2024 | 10.51% |
| Q2 2024 | 17.46% |
| Q1 2024 | 8.97% |
| Q4 2023 | 0.00% |
| Q3 2023 | 13.72% |
Loans by type, Q2 2026
- 1-4 family residential loans: $9.5M
- Owner-occupied commercial real estate loans: $7.9M
- Commercial and industrial loans: $3.5M
- Other consumer loans: $3.4M
- Construction and land development loans: $2.9M
- Non-owner-occupied commercial real estate loans: $2.5M
- Agricultural production loans: $2.3M
- Auto loans: $1.1M
How have Farmers & Merchants State Bank of New York Mills, Incorporated's safety ratios changed?
| Quarter end | Total assets | CET1 | Leverage | NPL ratio | Texas ratio | Efficiency |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | $83.5M | 24.32% | 13.27% | 2.28% | 12.20% | 73.68% |
| Mar 31, 2026 | $82.2M | 25.73% | 13.51% | 1.40% | 8.46% | 66.06% |
| Dec 31, 2025 | $78.5M | 27.01% | 13.46% | 0.35% | 1.52% | 74.60% |
| Sep 30, 2025 | $77.6M | 26.10% | 13.37% | 0.34% | 1.66% | 66.66% |
| Jun 30, 2025 | $78.7M | 25.06% | 13.09% | 0.02% | 1.82% | 82.45% |
| Mar 31, 2025 | $78.4M | 26.45% | 13.46% | 0.00% | 2.48% | 96.44% |
| Dec 31, 2024 | $75.0M | 24.82% | 14.10% | 2.05% | 12.43% | 92.79% |
| Sep 30, 2024 | $78.0M | 25.13% | 14.47% | 2.05% | 10.51% | 59.30% |
Banks with a similar risk profile
4 banks in the same asset tier with the same overall verdict.
Frequently asked
Is Farmers & Merchants State Bank of New York Mills, Incorporated FDIC insured?
Yes. Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured commercial bank (FDIC Certificate #9340). FDIC insurance covers $250,000 per depositor, per insured bank, per ownership category.
Is Farmers & Merchants State Bank of New York Mills, Incorporated well capitalized?
On its Q2 2026 call report, Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 ratio is 24.32%, 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 State Bank of New York Mills, Incorporated's key safety ratios?
For Q2 2026, Farmers & Merchants State Bank of New York Mills, Incorporated reports CET1 24.32%, leverage 13.27%, Texas ratio 12.20%, noncurrent loans 2.28%. Its Texas ratio compares with the 2.09% median for the 578 banks with under $100M in assets.
What happens to my deposits if Farmers & Merchants State Bank of New York Mills, Incorporated fails?
For Q2 2026, Farmers & Merchants State Bank of New York Mills, Incorporated reported $72.2M in total deposits. 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 State Bank of New York Mills, Incorporated 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% (well-capitalized plus 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%, concern at 300%; 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.