Farmers and Merchants Bank: how it compares with its peers
Against 12 MD banks with half to twice its assets, Farmers and Merchants Bank's strongest measure in Q2 2026 is assets per employee ($9.0M vs. a $7.8M peer median). Its weakest relative measure is net interest margin (3.46% vs. 3.83%).
| Measure | Farmers and Merchants Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.97% | 1.05% | Middle third Ahead of 42% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.46% | 3.83% | Bottom third Ahead of 33% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 62.98% | 61.78% | Middle third Ahead of 42% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $9.0M | $7.8M | Top third Ahead of 92% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.81% | 85.40% | Context |
What it means for lending operations
Its efficiency ratio of 62.98% is above the 61.78% 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
- BayVanguard Bank Baltimore, MD · $869M
- Hebron Savings Bank Hebron, MD · $839M
- Harford Bank Aberdeen, MD · $777M
- Presidential Bank, FSB Bethesda, MD · $1.01B
- Calvin B. Taylor Banking Company of Berlin, Maryland Berlin, MD · $1.02B
- The Queenstown Bank of Maryland Queenstown, MD · $730M
Questions about Farmers and Merchants Bank
How big is Farmers and Merchants Bank?
Farmers and Merchants Bank, established in 1919, is headquartered in Upperco, MD. It reported $874M in total assets in its Q2 2026 FDIC call report and operates 9 offices.
What is Farmers and Merchants Bank's return on assets?
0.97% annualized in Q2 2026, against a 1.05% median for 12 MD banks with half to twice its assets, ahead of 42% of them.
What is Farmers and Merchants Bank's efficiency ratio?
62.98% in Q2 2026: it spent about 63 cents in noninterest expense for each dollar of revenue. The peer median is 61.78%, and lower is better.
Is Farmers and Merchants Bank growing its loans?
Net loans grew 3.4% over the year to Q2 2026, while deposits shrank 3.3%.
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 MD 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 Maryland bank ranked.