Farmers and Merchants State Bank: how it compares with its peers
Against 22 ND banks with half to twice its assets, Farmers and Merchants State Bank's strongest measure in Q2 2026 is assets per employee ($11.0M vs. a $8.1M peer median). Its weakest relative measure is net interest margin (3.43% vs. 3.64%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.54% | 1.19% | Top third Ahead of 68% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.43% | 3.64% | Middle third Ahead of 36% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 51.14% | 60.89% | Top third Ahead of 73% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $11.0M | $8.1M | Top third Ahead of 77% of peers |
| Loans to deposits Net loans and leases over total deposits. | 75.85% | 56.62% | Context |
What it means for lending operations
Its efficiency ratio of 51.14% is better than the 60.89% 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
- Commercial Bank of Mott Mott, ND · $140M
- Liberty State Bank Powers Lake, ND · $159M
- Lincoln State Bank Hankinson, ND · $125M
- First State Bank of Golva Golva, ND · $124M
- Farmers & Merchants Bank of North Dakota Tolna, ND · $120M
- McIntosh County Bank Ashley, ND · $119M
Questions about Farmers and Merchants State Bank
How big is Farmers and Merchants State Bank?
Farmers and Merchants State Bank, established in 1974, is headquartered in Langdon, ND. It reported $143M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Farmers and Merchants State Bank's return on assets?
1.54% annualized in Q2 2026, against a 1.19% median for 22 ND banks with half to twice its assets, ahead of 68% of them.
What is Farmers and Merchants State Bank's efficiency ratio?
51.14% in Q2 2026: it spent about 51 cents in noninterest expense for each dollar of revenue. The peer median is 60.89%, and lower is better.
Is Farmers and Merchants State Bank growing its loans?
Net loans grew 2.4% over the year to Q2 2026, while deposits grew 3.9%.
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 ND 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 North Dakota bank ranked.