The Farmers & Merchants Bank (FDIC certificate #1745) is based in Waterloo, Alabama. Its Q2 2026 call report shows $98.3M in total assets and $86.5M in deposits and 2 offices.
The Farmers & Merchants Bank has a TellerScore of 75 out of 100 (strong) based on Q2 2026 data — higher than 54% of its 546 banks with under $100 million in assets. Among 93 banks headquartered in Alabama, it ranks 39th. Capital cushion contributes the most (100/100, 17.03%); earnings contributes the least (43/100, 0.59%).
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 rose 6 points (69 → 75), mostly because the loan quality component improved by 18 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 63 |
| Q3 2024 | 74 |
| Q4 2024 | 72 |
| Q1 2025 | 83 |
| Q2 2025 | 69 |
| Q3 2025 | 73 |
| Q4 2025 | 76 |
| Q1 2026 | 61 |
| Q2 2026 | 75 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 16.37% |
| Q3 2024 | 17.13% |
| Q4 2024 | 17.20% |
| Q1 2025 | 17.37% |
| Q2 2025 | 17.57% |
| Q3 2025 | 17.13% |
| Q4 2025 | 16.72% |
| Q1 2026 | 17.18% |
| Q2 2026 | 17.03% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.65% |
| Q3 2024 | 0.37% |
| Q4 2024 | 0.57% |
| Q1 2025 | 0.25% |
| Q2 2025 | 1.85% |
| Q3 2025 | 1.39% |
| Q4 2025 | 0.80% |
| Q1 2026 | 3.93% |
| Q2 2026 | 1.33% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | -4.45% |
| Q3 2024 | -2.93% |
| Q4 2024 | -2.40% |
| Q1 2025 | 0.39% |
| Q2 2025 | 0.43% |
| Q3 2025 | 0.44% |
| Q4 2025 | 0.16% |
| Q1 2026 | 0.65% |
| Q2 2026 | 0.59% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 75 | $98.3M | 17.03% | 1.33% | 0.59% | 5.9% |
| Q1 2026 | 61 | $98.8M | 17.18% | 3.93% | 0.65% | 5.4% |
| Q4 2025 | 76 | $100.1M | 16.72% | 0.80% | 0.16% | 5.9% |
| Q3 2025 | 73 | $98.8M | 17.13% | 1.39% | 0.44% | 6.4% |
| Q2 2025 | 69 | $96.0M | 17.57% | 1.85% | 0.43% | 6.0% |
| Q1 2025 | 83 | $93.7M | 17.37% | 0.25% | 0.39% | 6.4% |
| Q4 2024 | 72 | $95.5M | 17.20% | 0.57% | -2.40% | 6.3% |
| Q3 2024 | 74 | $94.7M | 17.13% | 0.37% | -2.93% | 6.2% |
| Q2 2024 | 63 | $97.6M | 16.37% | 1.65% | -4.45% | 5.8% |
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 Alabama
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Bank of Walker CountyBank Jasper, AL | 75 out of 100, Strong | $98.5M | 11.2% | 0.46% | vs |
| Peoples Exchange BankBank Monroeville, AL | 64 out of 100, Moderate | $98.6M | 13.5% | 2.44% | vs |
| Bank47Bank Huntsville, AL | 69 out of 100, Moderate | $97.0M | 13.0% | 0.18% | vs |
| Nova BankBank Huntsville, AL | 82 out of 100, Strong | $91.2M | 28.1% | 0.00% | vs |
| Commonwealth National BankBank Mobile, AL | 45 out of 100, Below average | $78.5M | 13.7% | 4.31% | vs |
| Bank of EvergreenBank Evergreen, AL | 81 out of 100, Strong | $78.1M | 14.2% | 0.59% | vs |
Deposit insurance
Is my money safe at The Farmers & Merchants Bank?
Yes. The Farmers & Merchants Bank is an FDIC-insured institution (FDIC certificate #1745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 31.2% of deposits ($27.0M) 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 17.03%, 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%).
2 locations
Branches
The Farmers & Merchants Bank lists 2 offices in 2 cities. Most locations:
- Florence, AL (1)
- Waterloo, AL (1)
Identity & history
Profile
- Legal name
- The Farmers & Merchants Bank
- Type
- State-chartered bank
- FDIC certificate #
- 1745
- RSSD ID
- 291732
- Primary regulator
- FDIC
- Established
- July 1, 1914
- Headquarters
- 320 Main St, Waterloo, AL 35677
- Website
- www.fmbal.com
- Employees
- 7
Quick answers
The Farmers & Merchants Bank: common questions
Is The Farmers & Merchants Bank FDIC insured?
Yes. The Farmers & Merchants Bank is an FDIC-insured institution (FDIC certificate #1745). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is The Farmers & Merchants Bank's TellerScore?
75 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 The Farmers & Merchants Bank ever failed?
There is no failure record for FDIC certificate #1745 in the FDIC failed bank list.
How many branches does The Farmers & Merchants Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Waterloo
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Electrical Workers No 558 Federal Credit UnionCredit union Sheffield, AL | 99 out of 100, Very strong | $45.9M | 20.5% | 0.00% | vs |
| TVA Community Credit UnionCredit union Muscle Shoals, AL | 90 out of 100, Very strong | $429.0M | 18.4% | 0.32% | vs |
| Tennessee River Federal Credit UnionCredit union Counce, TN | 89 out of 100, Very strong | $16.3M | 33.2% | 0.25% | vs |
| First Metro BankBank Muscle Shoals, AL | 84 out of 100, Strong | $1.0B | 13.0% | 0.13% | vs |
| Valley Credit UnionCredit union Tuscumbia, AL | 84 out of 100, Strong | $112.9M | 14.0% | 0.20% | vs |
| Wayne County BankBank Waynesboro, TN | 84 out of 100, Strong | $595.1M | 13.6% | 0.72% | vs |