TellerScore

Farmers & Merchants Bank (FDIC certificate #2036) is based in Granite Quarry, North Carolina. Its Q2 2026 call report shows $998.8M in total assets and $842.6M in deposits and 12 offices.

Farmers & Merchants Bank has a TellerScore of 90 out of 100 (very strong) based on Q2 2026 data — higher than 95% of its 2,650 banks with $100 million – $1 billion. Among 38 banks headquartered in North Carolina, it ranks 3rd. Capital cushion contributes the most (100/100, 15.25%); loan quality contributes the least (74/100, 0.79%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Tier 1 leverage ratio: 15.25%
Loan quality74/100
Noncurrent loans ÷ total loans: 0.79%
Earnings100/100
Return on assets (annualized): 2.55%
Funding & liquidity83/100
Loans ÷ deposits and uninsured-deposit share: 63.0% · 27.7% uninsured
Problem-loan coverage95/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 2.67%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 4 points (94 → 90), mostly because the loan quality component weakened by 19 points.

TellerScore
909294Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202491
Q3 202493
Q4 202493
Q1 202591
Q2 202594
Q3 202591
Q4 202591
Q1 202692
Q2 202690
Tier 1 leverage ratio
5.00%10.13%15.25%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202413.47%
Q3 202413.90%
Q4 202414.00%
Q1 202514.56%
Q2 202514.46%
Q3 202514.80%
Q4 202514.89%
Q1 202615.17%
Q2 202615.25%
Noncurrent loans
0.10%0.44%0.79%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.14%
Q3 20240.10%
Q4 20240.10%
Q1 20250.62%
Q2 20250.20%
Q3 20250.66%
Q4 20250.62%
Q1 20260.67%
Q2 20260.79%
Return on assets
2.19%2.37%2.55%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20242.33%
Q3 20242.36%
Q4 20242.36%
Q1 20252.19%
Q2 20252.22%
Q3 20252.25%
Q4 20252.24%
Q1 20262.48%
Q2 20262.55%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202690$998.8M15.25%0.79%2.55%63.0%
Q1 202692$985.6M15.17%0.67%2.48%62.1%
Q4 202591$965.7M14.89%0.62%2.24%63.9%
Q3 202591$947.2M14.80%0.66%2.25%64.7%
Q2 202594$931.1M14.46%0.20%2.22%65.7%
Q1 202591$925.8M14.56%0.62%2.19%65.6%
Q4 202493$894.1M14.00%0.10%2.36%68.9%
Q3 202493$899.3M13.90%0.10%2.36%69.3%
Q2 202491$895.2M13.47%0.14%2.33%68.9%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio15.25%
88th
Total risk-based capital26.72%
95th
Problem loans0.79%
34th
Net charge-offs-0.28%
99th
Return on assets2.55%
96th
Net interest margin5.09%
93rd
Efficiency ratio47.9%
87th
Loans to deposits63.0%
79th
Uninsured deposits27.7%
35th
Loan-loss reserves1.91%
92nd
Texas ratio2.7%
50th

Similar-size banks in North Carolina

InstitutionScoreAssetsCapitalProblem loansCompare
KS Bank, Inc.Bank Smithfield, NC69 out of 100, Moderate$874.5M9.0%0.12%vs
Bank of Oak RidgeBank Oak Ridge, NC63 out of 100, Moderate$658.1M12.5%1.79%vs
BlueHarbor BankBank Mooresville, NC82 out of 100, Strong$628.4M11.8%0.00%vs
Lumbee Guaranty BankBank Pembroke, NC74 out of 100, Strong$583.5M10.7%0.37%vs
Triad Business BankBank Greensboro, NC52 out of 100, Below average$536.0M10.9%1.38%vs
LifeStore BankBank West Jefferson, NC71 out of 100, Strong$491.3M11.9%1.11%vs

Deposit insurance

Is my money safe at Farmers & Merchants Bank?

Yes. Farmers & Merchants Bank is an FDIC-insured institution (FDIC certificate #2036). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 27.7% of deposits ($233.7M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 15.25%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 26.72% (benchmark: 10%).

Check how much of your own balance is covered

12 locations

Branches

Farmers & Merchants Bank lists 12 offices in 8 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Farmers & Merchants Bank reported 85 home-loan applications under HMDA (LEI 54930018CRFUH37BKR13): 71 originated ($24,805,000 total), 6 denied, and 8 withdrawn or closed by the applicant. Its denial rate on decided applications was 7.8%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Farmers & Merchants Bank
Type
State-chartered bank
FDIC certificate #
2036
RSSD ID
348720
Primary regulator
FDIC
Holding company
F&m Financial Corp
Established
January 1, 1909
Headquarters
138 N Salisbury Gq Ave, Granite Quarry, NC 28146
Employees
123

Quick answers

Farmers & Merchants Bank: common questions

Is Farmers & Merchants Bank FDIC insured?

Yes. Farmers & Merchants Bank is an FDIC-insured institution (FDIC certificate #2036). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Farmers & Merchants Bank's TellerScore?

90 out of 100 (Very strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Farmers & Merchants Bank ever failed?

There is no failure record for FDIC certificate #2036 in the FDIC failed bank list.

How many branches does Farmers & Merchants Bank have?

12 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Granite Quarry

InstitutionScoreAssetsCapitalProblem loansCompare
Members Credit UnionCredit union Winston Salem, NC85 out of 100, Very strong$477.1M14.8%0.82%vs
Nova Credit UnionCredit union Charlotte, NC79 out of 100, Strong$120.7M17.6%0.56%vs
Carolinas Telco Federal Credit UnionCredit union Charlotte, NC79 out of 100, Strong$506.3M15.1%0.91%vs
The Fidelity BankBank Fuquay Varina, NC78 out of 100, Strong$4.7B11.5%0.42%vs
Bank OZKBank Little Rock, AR76 out of 100, Strong$41.7B14.0%0.92%vs
Carter Bank & TrustBank Martinsville, VA76 out of 100, Strong$4.8B11.7%1.01%vs