Farmers & Merchants Bank: how it compares with its peers
Against 21 VA banks with half to twice its assets, Farmers & Merchants Bank's strongest measure in Q2 2026 is efficiency ratio (58.18% vs. a 61.26% peer median). Its weakest relative measure is return on assets (1.24% vs. 1.19%).
| Measure | Farmers & Merchants Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.24% | 1.19% | Middle third Ahead of 52% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.73% | 3.63% | Middle third Ahead of 52% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 58.18% | 61.26% | Top third Ahead of 71% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.6M | $7.2M | Middle third Ahead of 52% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.61% | 88.88% | Context |
What it means for lending operations
Its efficiency ratio of 58.18% is better than the 61.26% 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
- Benchmark Community Bank Kenbridge, VA · $1.41B
- SKYLINE NATIONAL BANK Independence, VA · $1.33B
- Virginia National Bank Charlottesville, VA · $1.64B
- Trustar Bank Great Falls, VA · $1.14B
- First National Bank Altavista, VA · $1.14B
- Chesapeake Bank Kilmarnock, VA · $1.72B
Questions about Farmers & Merchants Bank
How big is Farmers & Merchants Bank?
Farmers & Merchants Bank, established in 1908, is headquartered in Timberville, VA. It reported $1.40B in total assets in its Q2 2026 FDIC call report and operates 16 offices.
What is Farmers & Merchants Bank's return on assets?
1.24% annualized in Q2 2026, against a 1.19% median for 21 VA banks with half to twice its assets, ahead of 52% of them.
What is Farmers & Merchants Bank's efficiency ratio?
58.18% in Q2 2026: it spent about 58 cents in noninterest expense for each dollar of revenue. The peer median is 61.26%, and lower is better.
Is Farmers & Merchants Bank growing its loans?
Net loans grew 9.1% over the year to Q2 2026, while deposits grew 5.3%.
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 VA 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 Virginia bank ranked.