Banks · Wisconsin

Farmers & Merchants State Bank

Waterloo, WI · FDIC Certificate #13242 · Chartered 01/0

Total assets

$245.59M

Total deposits

$183.04M

Total equity

$26.70M

Net loans

$211.84M

Branches (offices)

Net income (YTD)

$1.12M

Rank: #2,738 of 4,213 U.S. banks by assets · #112 of 153 in Wisconsin. Assets changed 3.5% and deposits 3.8% over the year to June 30, 2026.

Key ratios

Return on assets (YTD, annualized by FDIC)	0.92%
Return on equity	8.57%
Net interest margin (YTD)	3.48%
Equity to assets	10.87%
Tier 1 leverage ratio	11.13%
Uninsured deposits (share of deposits)	15.1%
Noncurrent loans (share of loans)	0.00%
Net charge-offs (share of loans)	-0.01%
Loans to deposits	115.7%
Real estate loans (share of loans)	100.0%

Loan mix

Category	Amount	Share
Real estate loans	$211.79M	100.0%
Commercial & industrial	$826.00K	0.4%
Consumer / individual	$650.00K	0.3%
Construction & development	$9.71M	4.6%
Agricultural	$197.00K	0.1%

Five-year trend (June snapshots)

Period	Total assets	Deposits	Net income (year to date)	Equity / net worth
Jun 2022	$223.86M	$180.16M	$1.00M	$21.88M
Jun 2023	$237.59M	$166.66M	$801.00K	$22.31M
Jun 2024	$234.40M	$171.08M	$682.00K	$24.08M
Jun 2025	$237.38M	$176.36M	$743.00K	$25.43M
Jun 2026	$245.59M	$183.04M	$1.12M	$26.70M

Where its branch deposits sit (FDIC Summary of Deposits)

State	Branch deposits	Offices
Wisconsin	$183.04M	3

Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $183.04M.

Similar-sized banks

First Federal Savings And Loan Association ($246.03M) · Mi Bank ($245.50M)

Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.