Farmers & Merchants Bank & Trust: how it compares with its peers
Against 59 WI banks with half to twice its assets, Farmers & Merchants Bank & Trust's strongest measure in Q2 2026 is net interest margin (4.37% vs. a 3.95% peer median). Its weakest relative measure is assets per employee ($4.3M vs. $6.8M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.10% | 1.25% | Middle third Ahead of 36% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.37% | 3.95% | Top third Ahead of 90% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 68.10% | 63.52% | Middle third Ahead of 37% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.3M | $6.8M | Bottom third Ahead of 7% of peers |
| Loans to deposits Net loans and leases over total deposits. | 82.73% | 83.25% | Context |
What it means for lending operations
Its efficiency ratio of 68.10% is above the 63.52% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- The Bank of Kaukauna Kaukauna, WI · $176M
- State Bank of Reeseville Reeseville, WI · $170M
- First Community Bank Milton, WI · $159M
- Bristol Morgan Bank Oakfield, WI · $191M
- GreenLeaf Bank Greenleaf, WI · $159M
- Oakwood Bank Pigeon Falls, WI · $156M
Questions about Farmers & Merchants Bank & Trust
How big is Farmers & Merchants Bank & Trust?
Farmers & Merchants Bank & Trust, established in 1902, is headquartered in Marinette, WI. It reported $175M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is Farmers & Merchants Bank & Trust's return on assets?
1.10% annualized in Q2 2026, against a 1.25% median for 59 WI banks with half to twice its assets, ahead of 36% of them.
What is Farmers & Merchants Bank & Trust's efficiency ratio?
68.10% in Q2 2026: it spent about 68 cents in noninterest expense for each dollar of revenue. The peer median is 63.52%, and lower is better.
Is Farmers & Merchants Bank & Trust growing its loans?
Net loans grew 6.6% over the year to Q2 2026, while deposits grew 5.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are WI banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Wisconsin bank ranked.