Farmers and Merchants Bank of South Carolina: how it compares with its peers
Against 14 SC banks with half to twice its assets, Farmers and Merchants Bank of South Carolina's strongest measure in Q2 2026 is return on assets (1.80% vs. a 1.32% peer median). Its weakest relative measure is assets per employee ($6.0M vs. $7.0M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.80% | 1.32% | Top third Ahead of 93% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.14% | 3.83% | Top third Ahead of 79% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 48.61% | 61.65% | Top third Ahead of 93% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.0M | $7.0M | Middle third Ahead of 43% of peers |
| Loans to deposits Net loans and leases over total deposits. | 34.67% | 67.55% | Context |
What it means for lending operations
Its efficiency ratio of 48.61% is better than the 61.65% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Southern Bank Spartanburg, SC · $408M
- Bank of the Lowcountry Walterboro, SC · $430M
- The Bank of Clarendon Manning, SC · $438M
- The Peoples Bank Iva, SC · $447M
- Bank of York York, SC · $318M
- First National Bank of South Carolina Holly Hill, SC · $310M
Questions about Farmers and Merchants Bank of South Carolina
How big is Farmers and Merchants Bank of South Carolina?
Farmers and Merchants Bank of South Carolina, established in 1912, is headquartered in Holly Hill, SC. It reported $414M in total assets in its Q2 2026 FDIC call report and operates 8 offices.
What is Farmers and Merchants Bank of South Carolina's return on assets?
1.80% annualized in Q2 2026, against a 1.32% median for 14 SC banks with half to twice its assets, ahead of 93% of them.
What is Farmers and Merchants Bank of South Carolina's efficiency ratio?
48.61% in Q2 2026: it spent about 49 cents in noninterest expense for each dollar of revenue. The peer median is 61.65%, and lower is better.
Is Farmers and Merchants Bank of South Carolina growing its loans?
Net loans shrank 1.2% over the year to Q2 2026, while deposits shrank 1.3%.
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 SC 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 South Carolina bank ranked.