The Farmers & Merchants State Bank
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Data as of · sourced from FFIEC call reports. How we update
The Farmers & Merchants State Bank is an FDIC-insured commercial bank headquartered in Archbold, OH, established in 1897 (FDIC certificate 5969), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $3.49B, up 4.6% from Q2 2025, the 15th largest of 154 banks headquartered in Ohio. Its CET1 capital ratio was 11.84% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 5969
- Headquarters
- Archbold, OH
- Established
- 1897
- Total assets, Q2 2026
- $3.49B
- Assets vs Q2 2025
- +4.6%
- CET1 ratio, Q2 2026
- 11.84%
- Domestic offices
- 41 FDIC institution directory, current count
- Routing number
- 041207341
- Latest call report
- Q2 2026, FFIEC 041 · The Farmers & Merchants State Bank call report
- Holding company
- FARMERS & MERCHANTS BANCORP, INC.
- Asset rank in state
- 15th of 154 in Ohio
The Farmers & Merchants State Bank, based in Archbold, Ohio, reported $3.5 billion in assets at June 30, 2026, up 4.6% from a year earlier. It holds 11% of its deposits (11%) above the FDIC insurance limit, about a third the median of 30.9% for the 880 banks with $1 billion to $10 billion in assets. On the other hand, it funds 9.44% of its assets with Tier 1 capital, lower than about three-quarters of banks its size (median 10.49%).
Earnings jumped: net income for the quarter was $12 million, 48% above the same quarter a year earlier. Over the same year, loans grew 2.8% and deposits grew 5.9%. One more trend to watch: problem loans have nearly doubled in a year: loans on nonaccrual or 90 or more days past due, net of government guarantees are 0.27% of loans, against 0.14% a year earlier.
As of June 30, 2026, The Farmers & Merchants State Bank reported a CET1 capital ratio of 11.84%, a return on assets of 1.39%, a nonperforming-loan ratio of 0.27% and a Texas ratio of 2.18%. The figures come from its call report filed with the FFIEC.
Of the 154 banks headquartered in Ohio, The Farmers & Merchants State Bank is the 15th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.3% to $3.49B, loans rose 0.8% and deposits rose 2.1%. Non-owner-occupied commercial real estate loans made up 20.7% of its total loans on June 30, 2026, its largest category; next came 1-4 family residential loans at 19.4%. The FDIC Summary of Deposits lists 39 offices for it, in 36 cities across 3 states; its Archbold 2 offices book 17% of its branch deposits. Judged on its Q2 2026 call report, The Farmers & Merchants State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 307 N Defiance St, Archbold, OH 43502
- County
- Fulton
- Metro Area
- Toledo, OH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 041
- Established
- April 1, 1897
- Former names
- The Farmers & Merchants State Bank (2013)
- Domestic offices
- 41 FDIC institution directory, current count
- Employees (FTE)
- 477
- Domestic deposits
- $2.87B
- Allowance for credit losses
- $27.9M
- Net charge-offs (YTD)
- $222K
- Average total assets
- $3.53B
- Average total loans
- $2.69B
- Average interest-bearing deposits
- $2.59B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5969
- Fed RSSD
- 214414
- SEC CIK
- 792966 → filed by FARMERS & MERCHANTS BANCORP, INC.
- Website
- www.fm.bank →
- Parent Holding Company
- FARMERS & MERCHANTS BANCORP, INC. (RSSD 1134630) · FMAO
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Lars B Eller | CEO | President & CEO |
| Kevin J Sauder | CHR | Chairman of the Board |
| Eric D Faust | CRO | Chief Risk Officer |
| Shalini Singhal | CIO | SVP/Chief Information Officer |
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, The Farmers & Merchants State Bank's total assets ran between $3.22B (Q3 2023) and $3.49B (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
$3.49B total assets against $3.34B; $3.09B total liabilities against $2.96B.
$2.68B net loans and leases against $2.61B; $2.87B total deposits against $2.71B.
$440.9M securities against $427.0M; $148.0M cash and balances due against $87.8M.
$45.6M total interest income against $43.4M; $16.4M total interest expense against $17.5M.
$29.1M net interest income against $25.9M.
$5.0M total noninterest income against $3.7M; $18.6M total noninterest expense against $18.5M.
$321K provision for credit losses against $688K.
$12.3M net income against $8.3M.
1.39% return on assets against 0.98%; 3.52% net interest margin against 3.30%.
11.84% CET1 capital ratio against 11.39%; 9.44% tier 1 leverage ratio against 9.16%.
Inside the full The Farmers & Merchants State 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 are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
The Farmers & Merchants State Bank rankings
Its closest position to the top of a national ranking is 364 of 4,196, for total assets; its furthest is 929 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.82% (Q3 2024) to 1.39% (Q2 2026) and its net interest margin ran from 2.75% (Q3 2024) to 3.52% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.84% | 1.39% | 0.27% | 2.18% | 3.52% |
| Q1 2026 | 11.74% | 1.17% | 0.41% | 3.42% | 3.46% |
| Q4 2025 | 11.51% | 1.18% | 0.41% | 3.41% | 3.51% |
| Q3 2025 | 11.51% | 1.09% | 0.19% | 1.61% | 3.45% |
| Q2 2025 | 11.39% | 0.98% | 0.14% | 1.21% | 3.30% |
| Q1 2025 | 11.37% | 0.88% | 0.17% | 1.49% | 3.08% |
| Q4 2024 | 11.40% | 1.00% | 0.12% | 1.07% | 2.87% |
| Q3 2024 | 11.28% | 0.82% | 0.11% | 0.99% | 2.75% |
Swipe the table sideways to see every column.
Branch Network
View all 39 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 State Bank | Archbold , OH | 43502 | $491.4M |
| Wauseon Branch | Wauseon , OH | 43567 | $191.7M |
| South Main Branch | Bryan , OH | 43506 | $173.5M |
| Perpetual Federal Mo Branch | Urbana , OH | 43078 | $151.2M |
| Defiance Branch | Defiance , OH | 43512 | $117.7M |
| Fort Wayne Office Branch | Fort Wayne , IN | 46802 | $113.7M |
| Napoleon Branch | Napoleon , OH | 43545 | $113.6M |
| Peoples Federal Savings Branch | Sidney , OH | 45365 | $83.6M |
| Birmingham Office Branch | Birmingham , MI | 48009 | $83.5M |
| Angola Branch | Angola , IN | 46703 | $83.4M |
| Ossian Branch | Ossian , IN | 46777 | $76.9M |
| Perrysburg Branch | Perrysburg , OH | 43551 | $76.7M |
| Swanton Branch | Swanton , OH | 43558 | $69.4M |
| Butler Branch | Butler , IN | 46721 | $65.6M |
| The Farmers & Merchants State Bank - Fort Wayne - Illinois Branch | Fort Wayne , IN | 46804 | $65.3M |
| West Unity Branch | West Unity , OH | 43570 | $63.8M |
| Berne Branch | Berne , IN | 46711 | $63.6M |
| Delta Branch | Delta , OH | 43515 | $62.3M |
| Farmers & Merchants State Bank- Sylvania Branch | Sylvania , OH | 43560 | $61.6M |
| Decatur Office Branch | Decatur , IN | 46733 | $58.7M |
| Eastside Branch | Montpelier , OH | 43543 | $58.7M |
| Monroe Branch | Monroe , IN | 46772 | $54.6M |
| Old Bank of Geneva Branch | Geneva , IN | 46740 | $54.5M |
| Waterville Oh Branch | Waterville , OH | 43566 | $50.5M |
| Stryker Branch | Stryker , OH | 43557 | $45.4M |
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 |
|---|---|---|---|
| October 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 1, 2022 | Structure Change | Acquired Peoples Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 2021 | Structure Change | Acquired Perpetual Federal Savings Bank of Urbana Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 1, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 2021 | Structure Change | Acquired Ossian State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 30, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2019 | Structure Change | Acquired Bank of Geneva Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 31, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 2007 | Structure Change | Acquired Knisely 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 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in OH, rank 24 of 184 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $1.4M approved, $471K 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 State Bank
What are The Farmers & Merchants State Bank's total assets?
As of the Q2 2026 filing, The Farmers & Merchants State Bank reported total assets of $3.49 billion in its FFIEC call report.
Where is The Farmers & Merchants State Bank headquartered?
It is headquartered in Archbold, OH, United States.
When was The Farmers & Merchants State Bank founded?
It was established in 1897, per the FDIC institution directory.
Is The Farmers & Merchants State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #5969). 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 State Bank?
The Farmers & Merchants State Bank's primary federal regulator is the FDIC.
What is The Farmers & Merchants State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.84% in its Q2 2026 call report, above regulatory requirements.
How many branches does The Farmers & Merchants State Bank operate?
It operates 41 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 State Bank's Texas Ratio?
Its Texas Ratio is 2.18% 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 The Farmers & Merchants State Bank previously called?
The charter now named The Farmers & Merchants State Bank has also operated as The Farmers & Merchants State Bank (2013), per FDIC structure-change records.
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