# FARMERS&MERCHANTS BANK
DYER, TN · FDIC certificate 1480 · asset band <$300M · latest filing 2020-06 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 2 (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 | $110.2M | |
| Deposits | $95.4M | |
| Loans and leases | $34.6M | |
| Total equity | $10.3M | |
| Loans / deposits | 36.11% (p7 of band) | 73.75% |
| Liquid assets / assets | 61.23% (p90 of band) | |
| Uninsured deposits / deposits | 25.51% (p78 of band) | 17.11% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 2.74% (p57 of band) | |
| FHLB advances / assets | 2.74% | |
| Tier 1 leverage | 9.10% (p19 of band) | 10.95% |
| Unrealized securities loss / equity | 3.41% (p58 of band) | 2.60% |
| AOCI / equity | 2.05% (p60 of band) | |
| ROA (annualized) | 0.59% (p26 of band) | 0.97% |
| Net interest margin | 2.72% (p12 of band) | 3.63% |
| Efficiency ratio | 95.81% (p92 of band) | |
| Noncurrent loans | 0.55% (p51 of band) | 0.52% |
| Net charge-offs (annualized) | -0.02% (p10 of band) | |
| Reserve coverage of noncurrent | 104.21% | |
| Real estate % of loans | 57% | |
| Construction % of loans | 16.41% (p54 of band) | |
| Auto loans | $2.1M (5.98% of loans; DQ 1.93%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 9.9% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | uninsured deposits leaving |  |
| 2012-06 | 1 |  | uninsured deposits leaving |
| 2012-09 | 1 |  |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | expense ratio p90 |  |
| 2013-06 | 2 | AOCI drag >20% of equity | expense ratio p90 |
| 2013-09 | 3 | securities losses >30% of equity |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 1 |  | AOCI drag >20% of equity, securities losses >30% of equity |
| 2014-06 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-09 | 4 |  |  |
| 2014-12 | 3 |  | assets shrinking |
| 2015-03 | 3 | capital falling, expense ratio p90 | deposits shrinking, uninsured deposits leaving |
| 2015-06 | 3 |  |  |
| 2015-09 | 2 |  | capital falling |
| 2015-12 | 3 | losing money |  |
| 2016-03 | 1 |  | expense ratio p90, losing money |
| 2016-06 | 1 |  |  |
| 2016-09 | 2 | capital falling |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 3 | noncurrent p90 |  |
| 2017-06 | 8 | losing money, expense ratio p90, charge-offs p90, deposits shrinking, assets shrinking, uninsured deposits leaving | noncurrent p90 |
| 2017-09 | 7 |  | capital falling |
| 2017-12 | 8 | noncurrent p90 |  |
| 2018-03 | 4 |  | losing money, expense ratio p90, charge-offs p90, noncurrent p90 |
| 2018-06 | 2 | expense ratio p90 | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 | charge-offs p90 | expense ratio p90 |
| 2019-06 | 3 | capital falling, expense ratio p90 | charge-offs p90 |
| 2019-09 | 1 |  | capital falling, expense ratio p90 |
| 2019-12 | 2 | expense ratio p90 |  |
| 2020-03 | 3 | capital falling |  |
| 2020-06 | 2 |  | reserve under noncurrent |

## 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=1480 (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/8.json (key "1480", 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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