Farmers and Merchants State Bank of Appleton: how it compares with its peers
Against 68 MN banks with half to twice its assets, Farmers and Merchants State Bank of Appleton's strongest measure in Q2 2026 is return on assets (3.27% vs. a 1.22% peer median). Its weakest relative measure is assets per employee ($7.7M vs. $6.8M).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 3.27% | 1.22% | Top third Ahead of 99% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.12% | 4.10% | Top third Ahead of 88% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 33.42% | 62.17% | Top third Ahead of 99% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $6.8M | Middle third Ahead of 65% of peers |
| Loans to deposits Net loans and leases over total deposits. | 92.86% | 76.56% | Context |
What it means for lending operations
Its efficiency ratio of 33.42% is better than the 62.17% 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
- Vergas State Bank Vergas, MN · $61M
- Grand Timber Bank Mcgregor, MN · $65M
- First Financial Bank in Winnebago Winnebago, MN · $58M
- United Minnesota Bank New London, MN · $57M
- Arlington State Bank Arlington, MN · $57M
- Grove Bank Grove City, MN · $56M
Questions about Farmers and Merchants State Bank of Appleton
How big is Farmers and Merchants State Bank of Appleton?
Farmers and Merchants State Bank of Appleton, established in 1915, is headquartered in Appleton, MN. It reported $62M in total assets in its Q2 2026 FDIC call report and operates 1 office.
What is Farmers and Merchants State Bank of Appleton's return on assets?
3.27% annualized in Q2 2026, against a 1.22% median for 68 MN banks with half to twice its assets, ahead of 99% of them.
What is Farmers and Merchants State Bank of Appleton's efficiency ratio?
33.42% in Q2 2026: it spent about 33 cents in noninterest expense for each dollar of revenue. The peer median is 62.17%, and lower is better.
Is Farmers and Merchants State Bank of Appleton growing its loans?
Net loans shrank 1.0% over the year to Q2 2026, while deposits grew 4.7%.
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 MN 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 Minnesota bank ranked.