# FARMERS&MERCHANTS BANK
MILFORD, NE · FDIC certificate 16810 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *run candidate*. Composite score 5 (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 | $1.05B | |
| Deposits | $885.6M | |
| Loans and leases | $232.8M | |
| Total equity | $88.0M | |
| Loans / deposits | 26.18% (p3 of band) | 87.10% |
| Liquid assets / assets | 68.86% (p98 of band) | |
| Uninsured deposits / deposits | 15.96% (p11 of band) | 30.76% |
| Brokered deposits | 50.21% | |
| Wholesale funding | 54.77% (p99 of band) | |
| FHLB advances / assets | 4.27% | |
| Tier 1 leverage | 10.64% (p53 of band) | 10.50% |
| Unrealized securities loss / equity | -82.38% (p1 of band) | -7.75% |
| AOCI / equity | -0.64% (p28 of band) | |
| ROA (annualized) | 0.89% (p23 of band) | 1.26% |
| Net interest margin | 2.27% (p3 of band) | 3.70% |
| Efficiency ratio | 53.39% (p34 of band) | |
| Noncurrent loans | 0.00% (p2 of band) | 0.51% |
| Net charge-offs (annualized) | 0.00% (p14 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 66% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $219,000 (0.09% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 7.0% | |
| Employees | 60 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **securities losses >30% of equity** (`cap_secloss`)
- **NIM <2.5%** (`earn_nim`)

## 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 | 4 | capital falling |  |
| 2012-03 | 2 |  | reserve under noncurrent, capital falling |
| 2012-06 | 3 | uninsured deposits leaving |  |
| 2012-09 | 2 |  | uninsured deposits leaving |
| 2012-12 | 2 |  |  |
| 2013-03 | 2 |  |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 3 | capital falling |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 2 |  | capital falling |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 2 |  |  |
| 2015-12 | 2 |  |  |
| 2016-03 | 4 | NIM <2.5%, reserve under noncurrent |  |
| 2016-06 | 4 |  |  |
| 2016-09 | 3 |  | reserve under noncurrent |
| 2016-12 | 2 |  | NIM <2.5% |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | reserve under noncurrent |  |
| 2017-09 | 4 | uninsured deposits leaving |  |
| 2017-12 | 5 | charge-offs p90 |  |
| 2018-03 | 4 | capital falling | uninsured deposits leaving, charge-offs p90 |
| 2018-06 | 2 |  | reserve under noncurrent, capital falling |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 3 | NIM <2.5% |  |
| 2019-06 | 2 |  | NIM <2.5% |
| 2019-09 | 4 | AOCI drag >20% of equity, uninsured deposits leaving |  |
| 2019-12 | 2 |  | AOCI drag >20% of equity, uninsured deposits leaving |
| 2020-03 | 5 | capital falling, AOCI drag >20% of equity, NIM <2.5% |  |
| 2020-06 | 6 | reserve under noncurrent |  |
| 2020-09 | 5 |  | reserve under noncurrent |
| 2020-12 | 4 |  | AOCI drag >20% of equity |
| 2021-03 | 3 |  | capital falling |
| 2021-06 | 4 | uninsured deposits leaving |  |
| 2021-09 | 3 |  | uninsured deposits leaving |
| 2021-12 | 3 |  |  |
| 2022-03 | 4 | securities losses >30% of equity |  |
| 2022-06 | 6 | AOCI drag >20% of equity, assets shrinking |  |
| 2022-09 | 7 | deposits shrinking |  |
| 2022-12 | 7 |  |  |
| 2023-03 | 5 |  | NIM <2.5%, AOCI drag >20% of equity |
| 2023-06 | 3 |  | assets shrinking, deposits shrinking |
| 2023-09 | 3 |  |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 4 | uninsured deposits leaving |  |
| 2024-06 | 5 | capital falling |  |
| 2024-09 | 4 | NIM <2.5% | uninsured deposits leaving, capital falling |
| 2024-12 | 4 |  |  |
| 2025-03 | 4 |  |  |
| 2025-06 | 4 |  |  |
| 2025-09 | 4 |  |  |
| 2025-12 | 4 |  |  |
| 2026-03 | 4 |  |  |
| 2026-06 | 5 | capital falling |  |

## 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=16810 (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/42.json (key "16810", 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.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide