Farmers and Merchants State Bank of Appleton is a state-chartered bank headquartered in Appleton, Minnesota, in business for about 111 years. At the end of Q2 2026 it reported $62.0M in total assets and $53.8M in deposits, with 1 office.
Farmers and Merchants State Bank of Appleton has a TellerScore of 70 out of 100 (strong) based on Q2 2026 data — higher than only 40% of its 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 111th. Earnings contributes the most (100/100, 3.27%); loan quality contributes the least (37/100, 1.89%).
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
The score has been essentially flat from Q2 2025 to Q2 2026 (71 → 70).
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 65 |
| Q3 2024 | 66 |
| Q4 2024 | 70 |
| Q1 2025 | 68 |
| Q2 2025 | 71 |
| Q3 2025 | 72 |
| Q4 2025 | 72 |
| Q1 2026 | 70 |
| Q2 2026 | 70 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.29% |
| Q3 2024 | 11.82% |
| Q4 2024 | 12.46% |
| Q1 2025 | 11.86% |
| Q2 2025 | 12.73% |
| Q3 2025 | 13.15% |
| Q4 2025 | 13.60% |
| Q1 2026 | 12.66% |
| Q2 2026 | 12.99% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.81% |
| Q3 2024 | 1.80% |
| Q4 2024 | 1.67% |
| Q1 2025 | 1.69% |
| Q2 2025 | 1.57% |
| Q3 2025 | 1.54% |
| Q4 2025 | 1.90% |
| Q1 2026 | 1.83% |
| Q2 2026 | 1.89% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 2.14% |
| Q3 2024 | 2.28% |
| Q4 2024 | 2.25% |
| Q1 2025 | 2.82% |
| Q2 2025 | 2.77% |
| Q3 2025 | 2.81% |
| Q4 2025 | 3.10% |
| Q1 2026 | 3.24% |
| Q2 2026 | 3.27% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 70 | $62.0M | 12.99% | 1.89% | 3.27% | 92.9% |
| Q1 2026 | 70 | $61.2M | 12.66% | 1.83% | 3.24% | 90.4% |
| Q4 2025 | 72 | $60.4M | 13.60% | 1.90% | 3.10% | 99.1% |
| Q3 2025 | 72 | $59.4M | 13.15% | 1.54% | 2.81% | 101.2% |
| Q2 2025 | 71 | $59.4M | 12.73% | 1.57% | 2.77% | 98.2% |
| Q1 2025 | 68 | $60.8M | 11.86% | 1.69% | 2.82% | 90.6% |
| Q4 2024 | 70 | $61.0M | 12.46% | 1.67% | 2.25% | 92.3% |
| Q3 2024 | 66 | $60.0M | 11.82% | 1.80% | 2.28% | 96.3% |
| Q2 2024 | 65 | $64.3M | 11.29% | 1.81% | 2.14% | 92.9% |
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 |
|---|---|---|---|---|---|
| Vergas State BankBank Vergas, MN | 93 out of 100, Very strong | $60.7M | 15.3% | 0.16% | vs |
| Grand Timber BankBank Mcgregor, MN | 48 out of 100, Below average | $64.5M | 10.7% | 2.81% | vs |
| First Financial Bank in WinnebagoBank Winnebago, MN | 82 out of 100, Strong | $58.1M | 13.8% | 0.66% | vs |
| United Minnesota BankBank New London, MN | 66 out of 100, Moderate | $56.9M | 7.8% | 0.54% | vs |
| Arlington State BankBank Arlington, MN | 50 out of 100, Below average | $56.7M | 10.1% | 2.12% | vs |
| Grove BankBank Grove City, MN | 65 out of 100, Moderate | $56.4M | 10.0% | 0.11% | vs |
Deposit insurance
Is my money safe at Farmers and Merchants State Bank of Appleton?
Yes. Farmers and Merchants State Bank of Appleton is an FDIC-insured institution (FDIC certificate #8845). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 21.2% of deposits ($11.4M) are above the $250,000 FDIC insurance limit, above the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 12.99%, 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 Appleton lists 1 office in 1 city. Most locations:
- Appleton, MN (1)
Identity & history
Profile
- Legal name
- Farmers and Merchants State Bank of Appleton
- Type
- State-chartered bank
- FDIC certificate #
- 8845
- RSSD ID
- 269759
- Primary regulator
- FDIC
- Holding company
- Mps Investment Co
- Established
- February 20, 1915
- Headquarters
- 239 N Miles St, Appleton, MN 56208
- Website
- www.farmers-merchants.com
- Employees
- 8
Quick answers
Farmers and Merchants State Bank of Appleton: common questions
Is Farmers and Merchants State Bank of Appleton FDIC insured?
Yes. Farmers and Merchants State Bank of Appleton is an FDIC-insured institution (FDIC certificate #8845). 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 Appleton's TellerScore?
70 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 of Appleton ever failed?
There is no failure record for FDIC certificate #8845 in the FDIC failed bank list.
How many branches does Farmers and Merchants State Bank of Appleton have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Appleton
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Greater Community Credit UnionCredit union Dawson, MN | 91 out of 100, Very strong | $296.5M | 20.7% | 0.48% | vs |
| Co-Op Credit Union of MontevideoCredit union Montevideo, MN | 69 out of 100, Moderate | $422.8M | 15.8% | 3.18% | vs |
| Minnwest BankBank Redwood Falls, MN | 68 out of 100, Moderate | $2.9B | 10.8% | 0.56% | vs |
| United Prairie BankBank Mountain Lake, MN | 66 out of 100, Moderate | $939.3M | 9.7% | 0.66% | vs |
| State Bank of BellinghamBank Bellingham, MN | 62 out of 100, Moderate | $46.4M | 14.8% | 2.50% | vs |
| Old National BankBank Evansville, IN | 59 out of 100, Moderate | $73.9B | 8.8% | 0.92% | vs |