Farmers & Merchants Savings Bank: how it compares with its peers
Against 73 IA banks with half to twice its assets, Farmers & Merchants Savings Bank's strongest measure in Q2 2026 is net interest margin (4.47% vs. a 3.63% peer median). Its weakest relative measure is return on assets (1.14% vs. 1.44%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.14% | 1.44% | Bottom third Ahead of 25% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.47% | 3.63% | Top third Ahead of 99% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 53.62% | 55.05% | Middle third Ahead of 64% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.3M | $8.1M | Bottom third Ahead of 32% of peers |
| Loans to deposits Net loans and leases over total deposits. | 87.50% | 84.40% | Context |
What it means for lending operations
Its efficiency ratio of 53.62% is better than the 55.05% 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
- Farmers Trust and Savings Bank Spencer, IA · $618M
- Community Savings Bank Edgewood, IA · $614M
- GNB Bank Grundy Center, IA · $621M
- Peoples Savings Bank Indianola, IA · $610M
- South Story Bank & Trust Slater, IA · $624M
- Liberty National Bank Sioux City, IA · $624M
Questions about Farmers & Merchants Savings Bank
How big is Farmers & Merchants Savings Bank?
Farmers & Merchants Savings Bank, established in 1925, is headquartered in Manchester, IA. It reported $617M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is Farmers & Merchants Savings Bank's return on assets?
1.14% annualized in Q2 2026, against a 1.44% median for 73 IA banks with half to twice its assets, ahead of 25% of them.
What is Farmers & Merchants Savings Bank's efficiency ratio?
53.62% in Q2 2026: it spent about 54 cents in noninterest expense for each dollar of revenue. The peer median is 55.05%, and lower is better.
Is Farmers & Merchants Savings Bank growing its loans?
Net loans grew 14.1% over the year to Q2 2026, while deposits grew 0.4%.
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 IA 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 Iowa bank ranked.