TellerScore

Farmers and Merchants State Bank is a state-chartered bank headquartered in Langdon, North Dakota, in business for about 52 years. At the end of Q2 2026 it reported $143.1M in total assets and $105.6M in deposits, with 1 office.

Based on its Q2 2026 filing, Farmers and Merchants State Bank scores 74/100, which we describe as strong. That is higher than 57% of 2,650 banks with $100 million – $1 billion. Among 60 banks headquartered in North Dakota, it ranks 20th. Its strongest component is capital cushion (100/100; 15.70%), and its lowest is loan quality (38/100; 1.86%).

TellerScore · Q2 2026

Scorecard

Capital cushion100/100
Tier 1 leverage ratio: 15.70%
Loan quality38/100
Noncurrent loans ÷ total loans: 1.86%
Earnings82/100
Return on assets (annualized): 1.54%
Funding & liquidity60/100
Loans ÷ deposits and uninsured-deposit share: 75.8% · 36.9% uninsured
Problem-loan coverage86/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 6.97%

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 (78 → 74), mostly because the loan quality component weakened by 42 points.

TellerScore
617078Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202471
Q3 202474
Q4 202475
Q1 202576
Q2 202578
Q3 202575
Q4 202574
Q1 202661
Q2 202674
Tier 1 leverage ratio
5.00%10.35%15.70%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTier 1 leverage ratio
Q2 202414.15%
Q3 202414.11%
Q4 202414.04%
Q1 202514.23%
Q2 202514.23%
Q3 202514.38%
Q4 202514.72%
Q1 202614.79%
Q2 202615.70%
Noncurrent loans
0.60%2.64%4.67%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterNoncurrent loans
Q2 20241.26%
Q3 20240.84%
Q4 20240.72%
Q1 20250.87%
Q2 20250.60%
Q3 20251.17%
Q4 20251.34%
Q1 20264.67%
Q2 20261.86%
Return on assets
0.68%1.11%1.54%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterReturn on assets
Q2 20240.80%
Q3 20240.68%
Q4 20240.70%
Q1 20250.85%
Q2 20251.00%
Q3 20251.15%
Q4 20251.21%
Q1 20261.41%
Q2 20261.54%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202674$143.1M15.70%1.86%1.54%75.8%
Q1 202661$140.1M14.79%4.67%1.41%70.9%
Q4 202574$150.3M14.72%1.34%1.21%75.4%
Q3 202575$146.6M14.38%1.17%1.15%77.0%
Q2 202578$145.8M14.23%0.60%1.00%77.0%
Q1 202576$141.7M14.23%0.87%0.85%66.3%
Q4 202475$147.0M14.04%0.72%0.70%72.4%
Q3 202474$149.2M14.11%0.84%0.68%71.4%
Q2 202471$142.5M14.15%1.26%0.80%65.9%

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 ratio15.70%
90th
Total risk-based capital0.00%
24th
Problem loans1.86%
14th
Net charge-offs0.00%
68th
Return on assets1.54%
67th
Net interest margin3.43%
24th
Efficiency ratio51.1%
81st
Loans to deposits75.8%
58th
Uninsured deposits36.9%
14th
Loan-loss reserves1.00%
27th
Texas ratio7.0%
27th

Similar-size banks in North Dakota

InstitutionScoreAssetsCapitalProblem loansCompare
Commercial Bank of MottBank Mott, ND87 out of 100, Very strong$140.0M13.1%0.00%vs
Liberty State BankBank Powers Lake, ND93 out of 100, Very strong$159.0M13.7%0.09%vs
Lincoln State BankBank Hankinson, ND76 out of 100, Strong$125.1M10.0%0.15%vs
First State Bank of GolvaBank Golva, ND55 out of 100, Moderate$123.5M9.0%2.51%vs
Farmers & Merchants Bank of North DakotaBank Tolna, ND73 out of 100, Strong$119.8M11.0%0.73%vs
McIntosh County BankBank Ashley, ND84 out of 100, Strong$118.7M11.0%0.00%vs

Deposit insurance

Is my money safe at Farmers and Merchants State Bank?

Yes. Farmers and Merchants State Bank is an FDIC-insured institution (FDIC certificate #21728). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 36.9% of deposits ($39.0M) 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 15.70%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).

Check how much of your own balance is covered

1 location

Branches

Farmers and Merchants State Bank lists 1 office in 1 city. Most locations:

  • Langdon, ND (1)

All branch addresses and map

Identity & history

Profile

Legal name
Farmers and Merchants State Bank
Type
State-chartered bank
FDIC certificate #
21728
RSSD ID
677756
Primary regulator
FDIC
Holding company
F&m Bancshares Inc
Established
August 12, 1974
Headquarters
816 3rd St, Langdon, ND 58249
Employees
13

Quick answers

Farmers and Merchants State Bank: common questions

Is Farmers and Merchants State Bank FDIC insured?

Yes. Farmers and Merchants State Bank is an FDIC-insured institution (FDIC certificate #21728). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Farmers and Merchants State Bank's TellerScore?

74 out of 100 (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 and Merchants State Bank ever failed?

There is no failure record for FDIC certificate #21728 in the FDIC failed bank list.

How many branches does Farmers and Merchants State Bank have?

1 office as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Langdon

InstitutionScoreAssetsCapitalProblem loansCompare
Choice Financial GroupBank Fargo, ND73 out of 100, Strong$6.4B10.8%0.68%vs
Horizon Financial BankBank Munich, ND61 out of 100, Moderate$201.0M10.8%1.34%vs