Headquartered in Alpha, Minnesota, Farmers and Merchants State Bank of Alpha is a state-chartered bank with $47.4M in total assets and $41.2M in deposits as of Q2 2026. It operates 1 office. Its charter dates back to 1911.
Based on its Q2 2026 filing, Farmers and Merchants State Bank of Alpha scores 46/100, which we describe as below average. That is higher than only 7% of 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 212th. Its strongest component is funding & liquidity (87/100; 73% loans-to-deposits, 11% uninsured), and its lowest is loan quality (0/100; 4.15%).
TellerScore · Q2 2026
Scorecard
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 27 points (73 → 46), mostly because the loan quality component weakened by 92 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 62 |
| Q3 2024 | 45 |
| Q4 2024 | 63 |
| Q1 2025 | 75 |
| Q2 2025 | 73 |
| Q3 2025 | 74 |
| Q4 2025 | 73 |
| Q1 2026 | 53 |
| Q2 2026 | 46 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.68% |
| Q3 2024 | 11.52% |
| Q4 2024 | 11.58% |
| Q1 2025 | 11.52% |
| Q2 2025 | 11.46% |
| Q3 2025 | 11.61% |
| Q4 2025 | 11.12% |
| Q1 2026 | 10.71% |
| Q2 2026 | 11.15% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.60% |
| Q3 2024 | 6.50% |
| Q4 2024 | 1.03% |
| Q1 2025 | 0.19% |
| Q2 2025 | 0.25% |
| Q3 2025 | 0.16% |
| Q4 2025 | 0.15% |
| Q1 2026 | 2.15% |
| Q2 2026 | 4.15% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.59% |
| Q3 2024 | 0.58% |
| Q4 2024 | 0.19% |
| Q1 2025 | 0.70% |
| Q2 2025 | 0.51% |
| Q3 2025 | 0.51% |
| Q4 2025 | 0.45% |
| Q1 2026 | 0.53% |
| Q2 2026 | 0.62% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 46 | $47.4M | 11.15% | 4.15% | 0.62% | 73.2% |
| Q1 2026 | 53 | $48.3M | 10.71% | 2.15% | 0.53% | 73.2% |
| Q4 2025 | 73 | $47.7M | 11.12% | 0.15% | 0.45% | 73.5% |
| Q3 2025 | 74 | $43.7M | 11.61% | 0.16% | 0.51% | 75.7% |
| Q2 2025 | 73 | $46.1M | 11.46% | 0.25% | 0.51% | 71.3% |
| Q1 2025 | 75 | $44.8M | 11.52% | 0.19% | 0.70% | 72.2% |
| Q4 2024 | 63 | $42.7M | 11.58% | 1.03% | 0.19% | 77.6% |
| Q3 2024 | 45 | $45.2M | 11.52% | 6.50% | 0.58% | 71.4% |
| Q2 2024 | 62 | $46.6M | 11.68% | 1.60% | 0.59% | 75.0% |
546 peers · Under $100 million in assets
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).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| The First National Bank of McIntoshBank Mcintosh, MN | 86 out of 100, Very strong | $47.0M | 20.2% | 1.16% | vs |
| State Bank of Lake ParkBank Lake Park, MN | 69 out of 100, Moderate | $47.0M | 11.0% | 1.52% | vs |
| State Bank of TauntonBank Taunton, MN | 55 out of 100, Moderate | $46.6M | 13.4% | 4.06% | vs |
| State Bank of BellinghamBank Bellingham, MN | 62 out of 100, Moderate | $46.4M | 14.8% | 2.50% | vs |
| Security State Bank of OkleeBank Oklee, MN | 98 out of 100, Very strong | $48.8M | 15.8% | 0.00% | vs |
| Marshall County State BankBank Newfolden, MN | 95 out of 100, Very strong | $45.4M | 15.8% | 0.00% | vs |
Deposit insurance
Is my money safe at Farmers and Merchants State Bank of Alpha?
Yes. Farmers and Merchants State Bank of Alpha is an FDIC-insured institution (FDIC certificate #10571). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 10.6% of deposits ($4.4M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.15%, 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%).
1 location
Branches
Farmers and Merchants State Bank of Alpha lists 1 office in 1 city. Most locations:
- Alpha, MN (1)
Identity & history
Profile
- Legal name
- Farmers and Merchants State Bank of Alpha
- Former names
- Farmers & Merchants State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 10571
- RSSD ID
- 388753
- Primary regulator
- FDIC
- Established
- August 1, 1911
- Headquarters
- 210 Main St N, Alpha, MN 56111
- Website
- famstatebankofalpha.com
- Employees
- 6
Quick answers
Farmers and Merchants State Bank of Alpha: common questions
Is Farmers and Merchants State Bank of Alpha FDIC insured?
Yes. Farmers and Merchants State Bank of Alpha is an FDIC-insured institution (FDIC certificate #10571). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers and Merchants State Bank of Alpha's TellerScore?
46 out of 100 (Below average), 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 of Alpha ever failed?
There is no failure record for FDIC certificate #10571 in the FDIC failed bank list.
How many branches does Farmers and Merchants State Bank of Alpha have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Alpha
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Welcome State BankBank Welcome, MN | 90 out of 100, Very strong | $44.3M | 12.8% | 0.00% | vs |
| Citizens Community Credit UnionCredit union Fort Dodge, IA | 88 out of 100, Very strong | $253.6M | 19.1% | 0.73% | vs |
| The State BankBank Spirit Lake, IA | 83 out of 100, Strong | $88.4M | 11.7% | 0.00% | vs |
| First State BankBank Webster City, IA | 81 out of 100, Strong | $674.3M | 12.4% | 0.12% | vs |
| Worthington Federal Savings Bank, FSBBank Worthington, MN | 80 out of 100, Strong | $135.4M | 14.8% | 0.65% | vs |
| First National BankBank Oldham, SD | 77 out of 100, Strong | $477.8M | 18.4% | 2.01% | vs |