TellerScore

Headquartered in Boswell, Indiana, The Farmers and Merchants Bank is a state-chartered bank with $213.4M in total assets and $194.0M in deposits as of Q2 2026. It operates 4 offices. Its charter dates back to 1903.

Based on its Q2 2026 filing, The Farmers and Merchants Bank scores 68/100, which we describe as moderate. That is higher than only 37% of 2,650 banks with $100 million – $1 billion. Among 88 banks headquartered in Indiana, it ranks 40th. Its strongest component is loan quality (100/100; 0.01%), and its lowest is capital cushion (41/100; 9.12%).

TellerScore · Q2 2026

Scorecard

Capital cushion41/100
Tier 1 leverage ratio: 9.12%
Loan quality100/100
Noncurrent loans ÷ total loans: 0.01%
Earnings52/100
Return on assets (annualized): 0.80%
Funding & liquidity66/100
Loans ÷ deposits and uninsured-deposit share: 72.4% · 34.2% uninsured
Problem-loan coverage100/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.09%

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 2 points (66 → 68), mostly because the earnings component improved by 5 points.

TellerScore
636668Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202465
Q3 202464
Q4 202463
Q1 202563
Q2 202566
Q3 202566
Q4 202566
Q1 202667
Q2 202668
Tier 1 leverage ratio
5.00%7.06%9.12%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.71%
Q3 20248.67%
Q4 20248.40%
Q1 20258.31%
Q2 20258.68%
Q3 20258.92%
Q4 20258.92%
Q1 20268.87%
Q2 20269.12%
Noncurrent loans
0.00%0.01%0.01%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20250.00%
Q2 20250.01%
Q3 20250.01%
Q4 20250.01%
Q1 20260.01%
Q2 20260.01%
Return on assets
0.38%0.59%0.80%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.49%
Q3 20240.46%
Q4 20240.43%
Q1 20250.38%
Q2 20250.67%
Q3 20250.73%
Q4 20250.69%
Q1 20260.75%
Q2 20260.80%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202668$213.4M9.12%0.01%0.80%72.4%
Q1 202667$215.8M8.87%0.01%0.75%71.3%
Q4 202566$210.4M8.92%0.01%0.69%76.5%
Q3 202566$205.7M8.92%0.01%0.73%76.5%
Q2 202566$206.4M8.68%0.01%0.67%71.5%
Q1 202563$210.5M8.31%0.00%0.38%66.7%
Q4 202463$207.3M8.40%0.00%0.43%69.9%
Q3 202464$206.5M8.67%0.00%0.46%69.9%
Q2 202465$204.9M8.71%0.00%0.49%63.4%

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 ratio9.12%
14th
Total risk-based capital14.04%
62nd
Problem loans0.01%
85th
Net charge-offs-0.00%
79th
Return on assets0.80%
23rd
Net interest margin3.50%
28th
Efficiency ratio72.9%
24th
Loans to deposits72.4%
65th
Uninsured deposits34.2%
18th
Loan-loss reserves1.15%
45th
Texas ratio0.1%
86th

Similar-size banks in Indiana

InstitutionScoreAssetsCapitalProblem loansCompare
Fowler State BankBank Fowler, IN80 out of 100, Strong$190.3M15.5%0.61%vs
Peoples Trust and Savings BankBank Boonville, IN53 out of 100, Below average$240.6M13.0%2.09%vs
The Home National Bank of ThorntownBank Thorntown, IN68 out of 100, Moderate$185.6M10.4%0.62%vs
LNB Community BankBank Lynnville, IN69 out of 100, Moderate$181.0M9.4%0.23%vs
Hendricks County Bank and Trust CompanyBank Brownsburg, IN67 out of 100, Moderate$247.4M10.0%0.49%vs
Community State BankBank Royal Center, IN70 out of 100, Strong$175.9M10.5%0.37%vs

Deposit insurance

Is my money safe at The Farmers and Merchants Bank?

Yes. The Farmers and Merchants Bank is an FDIC-insured institution (FDIC certificate #1843). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 34.2% of deposits ($66.3M) 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 9.12%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.04% (benchmark: 10%).

Check how much of your own balance is covered

4 locations

Branches

The Farmers and Merchants Bank lists 4 offices in 4 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, The Farmers and Merchants Bank reported 38 home-loan applications under HMDA (LEI 549300OHTBYVLLO8NW69): 32 originated ($8,060,000 total), 5 denied, and 0 withdrawn or closed by the applicant. Its denial rate on decided applications was 13.2%, 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
The Farmers and Merchants Bank
Type
State-chartered bank
FDIC certificate #
1843
RSSD ID
629746
Primary regulator
FDIC
Holding company
Farmers&merchants Bcorp the
Established
April 23, 1903
Headquarters
302 S Old Us Highway 41, Boswell, IN 47921
Employees
27

Quick answers

The Farmers and Merchants Bank: common questions

Is The Farmers and Merchants Bank FDIC insured?

Yes. The Farmers and Merchants Bank is an FDIC-insured institution (FDIC certificate #1843). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is The Farmers and Merchants Bank's TellerScore?

68 out of 100 (Moderate), 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 and Merchants Bank ever failed?

There is no failure record for FDIC certificate #1843 in the FDIC failed bank list.

How many branches does The Farmers and Merchants Bank have?

4 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Boswell

InstitutionScoreAssetsCapitalProblem loansCompare
The First Trust and Savings Bank of Watseka, IllinoisBank Watseka, IL96 out of 100, Very strong$337.1M16.1%0.03%vs
Alliance BankBank Francesville, IN88 out of 100, Very strong$454.8M12.4%0.01%vs
Bank of RantoulBank Rantoul, IL82 out of 100, Strong$285.8M10.8%0.00%vs
Bank of WolcottBank Wolcott, IN81 out of 100, Strong$280.3M12.0%0.43%vs
Fowler State BankBank Fowler, IN80 out of 100, Strong$190.3M15.5%0.61%vs
Servbank, National AssociationBank Oswego, IL76 out of 100, Strong$1.7B11.8%0.59%vs