The Farmers & Merchants State Bank: how it compares with its peers
Against 8 OH banks with half to twice its assets, The Farmers & Merchants State Bank's strongest measure in Q2 2026 is net interest margin (3.54% vs. a 3.18% peer median). Its weakest relative measure is assets per employee ($7.3M vs. $12.0M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.28% | 1.24% | Middle third Ahead of 50% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.54% | 3.18% | Top third Ahead of 75% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 55.51% | 60.15% | Middle third Ahead of 63% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.3M | $12.0M | Bottom third Ahead of 13% of peers |
| Loans to deposits Net loans and leases over total deposits. | 93.26% | 94.16% | Context |
What it means for lending operations
Its efficiency ratio of 55.51% is better than the 60.15% 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
- Union Savings Bank Cincinnati, OH · $4.02B
- First Federal Savings and Loan Association of Lakewood Lakewood, OH · $2.94B
- Civista Bank Sandusky, OH · $4.29B
- NATIONAL COOPERATIVE BANK, N.A. Hillsboro, OH · $4.33B
- Erebor Bank, N.A. Columbus, OH · $4.66B
- LCNB National Bank Lebanon, OH · $2.22B
Questions about The Farmers & Merchants State Bank
How big is The Farmers & Merchants State Bank?
The Farmers & Merchants State Bank, established in 1897, is headquartered in Archbold, OH. It reported $3.49B in total assets in its Q2 2026 FDIC call report and operates 39 offices.
What is The Farmers & Merchants State Bank's return on assets?
1.28% annualized in Q2 2026, against a 1.24% median for 8 OH banks with half to twice its assets, ahead of 50% of them.
What is The Farmers & Merchants State Bank's efficiency ratio?
55.51% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 60.15%, and lower is better.
Is The Farmers & Merchants State Bank growing its loans?
Net loans grew 2.8% over the year to Q2 2026, while deposits grew 5.9%.
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 OH 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 Ohio bank ranked.