Farmers and Merchants State Bank of Alpha: how it compares with its peers
Against 49 MN banks with half to twice its assets, Farmers and Merchants State Bank of Alpha's strongest measure in Q2 2026 is assets per employee ($7.9M vs. a $6.9M peer median). Its weakest relative measure is return on assets (0.62% vs. 1.27%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.62% | 1.27% | Bottom third Ahead of 22% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.61% | 3.98% | Bottom third Ahead of 29% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 75.58% | 61.96% | Bottom third Ahead of 24% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.9M | $6.9M | Top third Ahead of 69% of peers |
| Loans to deposits Net loans and leases over total deposits. | 73.24% | 68.68% | Context |
What it means for lending operations
Its efficiency ratio of 75.58% is above the 61.96% 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 First National Bank of McIntosh Mcintosh, MN · $47M
- State Bank of Lake Park Lake Park, MN · $47M
- State Bank of Taunton Taunton, MN · $47M
- State Bank of Bellingham Bellingham, MN · $46M
- Security State Bank of Oklee Oklee, MN · $49M
- Marshall County State Bank Newfolden, MN · $45M
Questions about Farmers and Merchants State Bank of Alpha
How big is Farmers and Merchants State Bank of Alpha?
Farmers and Merchants State Bank of Alpha, established in 1911, is headquartered in Alpha, MN. It reported $47M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Farmers and Merchants State Bank of Alpha's return on assets?
0.62% annualized in Q2 2026, against a 1.27% median for 49 MN banks with half to twice its assets, ahead of 22% of them.
What is Farmers and Merchants State Bank of Alpha's efficiency ratio?
75.58% in Q2 2026: it spent about 76 cents in noninterest expense for each dollar of revenue. The peer median is 61.96%, and lower is better.
Is Farmers and Merchants State Bank of Alpha growing its loans?
Net loans grew 5.7% over the year to Q2 2026, while deposits grew 2.8%.
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 MN 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 Minnesota bank ranked.