# FARMERS&MERCHANTS BANK
TOMAH, WI · FDIC certificate 13046 · asset band <$300M · latest filing 2019-06 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $192.3M | |
| Deposits | $148.6M | |
| Loans and leases | $130.3M | |
| Total equity | $24.7M | |
| Loans / deposits | 85.65% (p66 of band) | 77.89% |
| Liquid assets / assets | 28.96% (p49 of band) | |
| Uninsured deposits / deposits | 15.73% (p50 of band) | 15.76% |
| Brokered deposits | 5.38% | |
| Wholesale funding | 14.75% (p91 of band) | |
| FHLB advances / assets | 9.38% | |
| Tier 1 leverage | 12.67% (p65 of band) | 11.44% |
| Unrealized securities loss / equity | -5.04% (p1 of band) | 0.54% |
| AOCI / equity | 1.69% (p44 of band) | |
| ROA (annualized) | 1.67% (p84 of band) | 1.03% |
| Net interest margin | 3.34% (p23 of band) | 3.82% |
| Efficiency ratio | 76.67% (p69 of band) | |
| Noncurrent loans | 1.46% (p76 of band) | 0.54% |
| Net charge-offs (annualized) | -0.04% (p8 of band) | |
| Reserve coverage of noncurrent | 160.37% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 9.21% (p39 of band) | |
| Auto loans | $161,000 (0.12% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -5.8% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 3 |  |  |
| 2011-12 | 3 |  |  |
| 2012-03 | 5 | charge-offs p90, uninsured deposits leaving |  |
| 2012-06 | 4 | losing money, expense ratio p90 | reserve under noncurrent, charge-offs p90, uninsured deposits leaving |
| 2012-09 | 4 |  |  |
| 2012-12 | 2 |  | losing money, expense ratio p90 |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 4 | noncurrent p90, reserve under noncurrent |  |
| 2014-06 | 4 |  |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 5 | charge-offs p90, deposits shrinking | noncurrent p90 |
| 2015-03 | 6 | noncurrent p90, assets shrinking | charge-offs p90 |
| 2015-06 | 4 | uninsured deposits leaving | reserve under noncurrent, noncurrent p90, assets shrinking |
| 2015-09 | 3 |  | uninsured deposits leaving |
| 2015-12 | 4 | uninsured deposits leaving |  |
| 2016-03 | 3 |  | uninsured deposits leaving |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | deposits shrinking |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | capital falling |  |
| 2017-06 | 2 |  | capital falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 1 |  | brokered >10% |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2019-06 | 3 |  | wholesale funding >15% |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=13046 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/54.json (key "13046", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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