# FARMERS&MERCHANTS BANK
TIMBERVILLE, VA · FDIC certificate 8668 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $1.40B | |
| Deposits | $1.27B | |
| Loans and leases | $927.9M | |
| Total equity | $116.0M | |
| Loans / deposits | 72.61% (p20 of band) | 87.10% |
| Liquid assets / assets | 28.54% (p73 of band) | |
| Uninsured deposits / deposits | 14.13% (p8 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.10% (p15 of band) | 10.50% |
| Unrealized securities loss / equity | -16.73% (p25 of band) | -7.75% |
| AOCI / equity | 1.09% (p96 of band) | |
| ROA (annualized) | 1.24% (p49 of band) | 1.26% |
| Net interest margin | 3.73% (p52 of band) | 3.70% |
| Efficiency ratio | 58.18% (p47 of band) | |
| Noncurrent loans | 0.43% (p43 of band) | 0.51% |
| Net charge-offs (annualized) | 0.05% (p62 of band) | |
| Reserve coverage of noncurrent | 204.89% | |
| Real estate % of loans | 82% | |
| Construction % of loans | 57.67% (p61 of band) | |
| Auto loans | $66.0M (7.11% of loans; DQ 3.06%, NCO 0.07%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 5.3% | |
| Employees | 184 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | loans exceed deposits, liquid assets <10%, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 5 | wholesale funding >15% |  |
| 2011-09 | 5 |  |  |
| 2011-12 | 5 |  |  |
| 2012-03 | 4 |  | wholesale funding >15% |
| 2012-06 | 4 |  |  |
| 2012-09 | 5 | wholesale funding >15% |  |
| 2012-12 | 6 | capital falling |  |
| 2013-03 | 4 |  | wholesale funding >15%, capital falling |
| 2013-06 | 5 | charge-offs p90 |  |
| 2013-09 | 6 | assets shrinking |  |
| 2013-12 | 6 |  |  |
| 2014-03 | 5 |  | assets shrinking |
| 2014-06 | 3 |  | reserve under noncurrent, construction >100% equity |
| 2014-09 | 5 | capital falling, construction >100% equity |  |
| 2014-12 | 2 |  | charge-offs p90, capital falling, construction >100% equity |
| 2015-03 | 3 | loans-to-lenders >50% equity |  |
| 2015-06 | 4 | capital falling |  |
| 2015-09 | 3 |  | capital falling |
| 2015-12 | 3 |  |  |
| 2016-03 | 5 | wholesale funding >15%, capital falling |  |
| 2016-06 | 5 |  |  |
| 2016-09 | 5 | charge-offs p90 | capital falling |
| 2016-12 | 4 |  | charge-offs p90 |
| 2017-03 | 2 |  | loans-to-lenders >50% equity, wholesale funding >15% |
| 2017-06 | 4 | wholesale funding >15%, loans-to-lenders >50% equity |  |
| 2017-09 | 4 |  |  |
| 2017-12 | 4 | capital falling, reserve under noncurrent | wholesale funding >15%, loans-to-lenders >50% equity |
| 2018-03 | 4 | charge-offs p90 | capital falling |
| 2018-06 | 6 | noncurrent p90, loans-to-lenders >50% equity |  |
| 2018-09 | 6 | capital falling | loans-to-lenders >50% equity |
| 2018-12 | 6 | loans-to-lenders >50% equity | noncurrent p90 |
| 2019-03 | 4 |  | capital falling, loans-to-lenders >50% equity |
| 2019-06 | 5 | loans-to-lenders >50% equity |  |
| 2019-09 | 5 | capital falling | reserve under noncurrent |
| 2019-12 | 5 |  |  |
| 2020-03 | 3 |  | loans exceed deposits, liquid assets <10% |
| 2020-06 | 2 |  | charge-offs p90 |
| 2020-09 | 2 |  |  |
| 2020-12 | 0 |  | loans-to-lenders >50% equity, capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 2 | expense ratio p90 |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 4 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 5 | construction >100% equity |  |
| 2022-12 | 3 |  | expense ratio p90, construction >100% equity |
| 2023-03 | 3 | expense ratio p90, uninsured deposits leaving | capital falling, AOCI drag >20% of equity |
| 2023-06 | 4 | construction >100% equity |  |
| 2023-09 | 5 | capital falling |  |
| 2023-12 | 4 |  | construction >100% equity |
| 2024-03 | 4 | charge-offs p90, construction >100% equity | expense ratio p90, uninsured deposits leaving |
| 2024-06 | 1 |  | capital falling, charge-offs p90, construction >100% equity |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | reserve under noncurrent |  |
| 2025-06 | 1 |  | reserve under noncurrent |
| 2025-09 | 0 |  | securities losses >30% of equity |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## 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=8668 (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/28.json (key "8668", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide