Farmers & Merchants Bank
Granite Quarry, North Carolina, Rowan County
$999M in total assets, the 1,069th largest of 4,309 US banks and 15th of 39 headquartered in North Carolina.
- FDIC certificate
- 2036
- Established
- 1909
- Owned by
- F&m Financial Corp
- Primary regulator
- FDIC
- Website
- www.fmbnc.com
At a glance
Compared with 17 banks headquartered in North Carolina with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $999M | 98% | $361M | |
| Loans | $541M | 94% | $213M | |
| Deposits | $843M | 98% | $293M | |
| Return on assets | 2.41% | 94% | 1.09% | |
| Net interest margin | 5.09% | 98% | 3.46% | |
| Efficiency ratio | 47.9% | 6% | 63.6% | |
| Equity to assets | 14.96% | 71% | 12.03% | |
| Loans to deposits | 64% | 6% | 87% |
Growth
Total assets grew 3.3% a year over the last 5 years and 5.9% a year over 10 years, without acquisitions.
Where they operate
12 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Rowan County, NC | $620M | 31.1% | 1 of 13 |
| Cabarrus County, NC | $189M | 5.0% | 8 of 12 |
| Wake County, NC | $34M | 0.0% | 32 of 36 |
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 1 branch since 2016 (11 to 12, +9.1%). 1 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 11 | |||
| 2021 | Opened Raleigh | 1 | 0 | +1 | 12 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 41% | 29% | |
| Construction and land | 31% | 9% | |
| 1-4 family residential | 24% | 47% | |
| Business (C&I) | 3% | 7% | |
| Multifamily | 2% | 4% | |
| Farmland | 0% | 1% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 55% | 42% | |
| Noninterest-bearing | 33% | 20% | |
| Time deposits | 12% | 38% |
Brokered deposits are 0.0% of deposits (peers 4.9%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.79% | 0.37% |
| Net charge-offs, annualized | -0.28% | 0.00% |
| Reserves to loans | 1.91% | 0.98% |
| Leverage ratio | 15.25% | 12.27% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Carolina
Largest competitors in Rowan County, NC
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/banks/farmers-merchants-bank-granite-quarry-nc