Farmers & Merchants Bank of Central California
Lodi, California, San Joaquin County
$5.8B in total assets, the 263rd largest of 4,309 US banks and 21st of 120 headquartered in California.
- FDIC certificate
- 1331
- Established
- 1916
- Owned by
- Farmers&merchants Bcorp
- Primary regulator
- FDIC
- Website
- www.fmbonline.com
At a glance
Compared with 51 banks headquartered in California with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $5.8B | 80% | $2.7B | |
| Loans | $3.7B | 82% | $1.8B | |
| Deposits | $5.1B | 84% | $2.3B | |
| Return on assets | 1.74% | 82% | 1.21% | |
| Net interest margin | 4.21% | 78% | 3.80% | |
| Efficiency ratio | 44.1% | 22% | 54.4% | |
| Equity to assets | 11.77% | 61% | 11.31% | |
| Loans to deposits | 73% | 22% | 90% |
Growth
Total assets grew 3.4% a year over the last 5 years and 8.0% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2018 | Bank of Rio Vista Rio Vista, CA, an affiliate under the same holding company | $216M |
| Nov 2016 | Delta Bank, National Association Manteca, CA | $112M |
| Mar 1985 | Golden Valley Bank Turlock, CA | $82M |
Where they operate
31 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| San Joaquin County, CA | $2.2B | 14.1% | 4 of 15 |
| Stanislaus County, CA | $1.1B | 9.4% | 5 of 17 |
| Sacramento County, CA | $779M | 1.1% | 9 of 30 |
| Contra Costa County, CA | $431M | 0.9% | 13 of 31 |
| Merced County, CA | $329M | 9.8% | 5 of 10 |
| Solano County, CA | $162M | 2.4% | 9 of 11 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (25 to 31, +24.0%). 5 opened, 7 acquired, 6 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2016 | Acquired Delta Bank, National AssociationClosed Irvine and Modesto | 4 | 2 | +2 | 27 |
| 2017 | Opened Walnut CreekClosed Walnut Creek | 1 | 1 | 0 | 27 |
| 2018 | Acquired Bank of Rio VistaOpened Napa, closed Lodi | 4 | 1 | +3 | 30 |
| 2019 | Opened LockefordClosed Lodi | 1 | 1 | 0 | 30 |
| 2020 | Closed Turlock | 0 | 1 | −1 | 29 |
| 2021 | Opened Oakland | 1 | 0 | +1 | 30 |
| 2024 | Opened Danville | 1 | 0 | +1 | 31 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 37% | 48% | |
| Farmland | 19% | 1% | |
| Business (C&I) | 14% | 15% | |
| 1-4 family residential | 12% | 14% | |
| Agricultural | 7% | 1% | |
| Multifamily | 4% | 13% | |
| Construction and land | 3% | 3% | |
| Consumer | 0% | 2% | |
| Other | 5% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 54% | 48% | |
| Noninterest-bearing | 31% | 29% | |
| Time deposits | 15% | 23% |
Brokered deposits are 1.6% of deposits (peers 4.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.13% | 0.48% |
| Net charge-offs, annualized | 0.01% | 0.06% |
| Reserves to loans | 2.09% | 1.25% |
| Leverage ratio | 11.65% | 11.65% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in California
Largest competitors in San Joaquin County, CA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/farmers-merchants-central-california