Farmers & Merchants Bank & Trust: how it compares with its peers
Against 114 IA banks with half to twice its assets, Farmers & Merchants Bank & Trust's strongest measure in Q2 2026 is net interest margin (3.64% vs. a 3.64% peer median). Its weakest relative measure is assets per employee ($4.2M vs. $8.6M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.91% | 1.41% | Bottom third Ahead of 17% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.64% | 3.64% | Middle third Ahead of 49% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 75.30% | 54.63% | Bottom third Ahead of 6% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $4.2M | $8.6M | Bottom third Ahead of 0% of peers |
| Loans to deposits Net loans and leases over total deposits. | 67.76% | 78.03% | Context |
What it means for lending operations
Its efficiency ratio of 75.30% is above the 54.63% 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
- State Savings Bank Bedford, IA · $207M
- Iowa Trust and Savings Bank Centerville, IA · $211M
- Houghton State Bank Red Oak, IA · $205M
- Farmers Savings Bank & Trust Traer, IA · $213M
- Iowa State Bank Sac City, IA · $213M
Questions about Farmers & Merchants Bank & Trust
How big is Farmers & Merchants Bank & Trust?
Farmers & Merchants Bank & Trust, established in 1916, is headquartered in Burlington, IA. It reported $208M in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is Farmers & Merchants Bank & Trust's return on assets?
0.91% annualized in Q2 2026, against a 1.41% median for 114 IA banks with half to twice its assets, ahead of 17% of them.
What is Farmers & Merchants Bank & Trust's efficiency ratio?
75.30% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 54.63%, and lower is better.
Is Farmers & Merchants Bank & Trust growing its loans?
Net loans grew 4.3% over the year to Q2 2026, while deposits shrank 1.0%.
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 IA 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 Iowa bank ranked.