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The Farmers & Merchants State Bank
Archbold, OH·FDIC Cert #5969·Charter: STATE·Est. 18970401.0·HC: FARMERS&MERCHANTS BCORP INC
Total Assets
$3.4B
Q4 2025
Return on Assets
1.03%
+0.05%Peer avg: 1.25%
Equity / Assets
0.00%
Capital ratio
Efficiency Ratio
59.85%
Peer avg: 57.5%
CAMELS Profile
Capital, Asset Quality, Management, Earnings, Liquidity, Sensitivity
53
Fair
Income Decomposition
Waterfall — how net income is built
Key Ratios — 12-Quarter Trend
ROA
1.03%+0.05
ROE
9.32%+0.39
Efficiency
59.85%-1.58
Equity/Assets
0.00%+0.00
NPL Ratio
0.42%+0.22
Tier 1 Leverage
0.00%+0.00
Loan/Deposit
98.35%+2.71
Charge-offs
0.03%+0.01
Quarter-over-Quarter Changes
Heatmap — green = improving, red = deteriorating
| Ratio | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 |
|---|---|---|---|---|---|---|---|---|
| ROA | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 | 1.0 | 1.0 |
| ROE | 6.8 | 7.1 | 7.3 | 7.9 | 8.1 | 8.5 | 8.9 | 9.3 |
| Efficiency | 70.2 | 67.1 | 66.2 | 63.9 | 63.5 | 62.3 | 61.4 | 59.9 |
| Equity/Assets | — | — | — | — | — | — | — | — |
| Tier 1 Lev. | — | — | — | — | — | — | — | — |
| NPL Ratio | 0.8 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.4 |
| Charge-offs | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Loan/Deposit | 95.9 | 95.9 | 93.5 | 94.3 | 94.6 | 96.0 | 95.6 | 98.3 |
Balance Sheet
Total Assets$3.4B
Total Deposits$2.7B
Total Loans$2.7B
Total Equity$392.7M
Profitability
ROA1.03%
ROE9.32%
Efficiency Ratio59.85%
Net Income$34.9M
Risk & Asset Quality
NPL Ratio0.42%
Charge-off Rate0.03%
Loan/Deposit98.35%
Tier 1 LeverageN/A
Historical Trends
Balance Sheet ($B)
Assets, Deposits, Loans
Profitability Ratios
ROA, ROE (%)
Efficiency Ratio
Lower = more efficient
Asset Quality — NPL Ratio
Non-performing loans / total loans