The Farmers & Merchants State Bank
Archbold, Ohio, Fulton County
$3.5B in total assets, the 381st largest of 4,309 US banks and 15th of 160 headquartered in Ohio.
- FDIC certificate
- 5969
- Established
- 1897
- Owned by
- Farmers&merchants Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.fm.bank
At a glance
Compared with 27 banks headquartered in Ohio 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 | $3.5B | 78% | $1.6B | |
| Loans | $2.7B | 82% | $1.1B | |
| Deposits | $2.9B | 78% | $1.4B | |
| Return on assets | 1.21% | 54% | 1.19% | |
| Net interest margin | 3.54% | 44% | 3.65% | |
| Efficiency ratio | 55.5% | 37% | 59.2% | |
| Equity to assets | 11.48% | 78% | 10.17% | |
| Loans to deposits | 94% | 82% | 86% |
Growth
Total assets grew 10.3% a year over the last 5 years and 13.3% a year over 10 years, including 4 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Oct 2022 | Peoples Federal Savings and Loan Association Sidney, OH | $131M |
| Oct 2021 | Perpetual Federal Savings Bank of Urbana Urbana, OH | $394M |
| Apr 2021 | Ossian State Bank Ossian, IN | $130M |
| Jan 2019 | Bank of Geneva Geneva, IN | $290M |
| Dec 2007 | Knisely Bank Butler, IN | $47M |
Where they operate
39 branches in 17 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Fulton County, OH | $745M | 51.5% | 1 of 10 |
| Williams County, OH | $341M | 31.9% | 1 of 5 |
| Adams County, IN | $231M | 23.5% | 2 of 6 |
| Allen County, IN | $216M | 2.2% | 11 of 24 |
| Lucas County, OH | $193M | 1.7% | 10 of 17 |
| Defiance County, OH | $154M | 12.0% | 3 of 10 |
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 17 branches since 2016 (22 to 39, +77.3%). 12 opened, 12 acquired, 7 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 22 | |||
| 2016 | Opened Bowling Green and Fort Wayne | 2 | 0 | +2 | 24 |
| 2018 | Opened FindlayClosed Archbold | 1 | 1 | 0 | 24 |
| 2019 | Acquired Bank of Geneva | 6 | 0 | +6 | 30 |
| 2021 | Acquired Ossian State Bank and Perpetual Federal Savings Bank of UrbanaOpened 3 in 2 states, closed 4 in 2 states | 6 | 4 | +2 | 32 |
| 2022 | Acquired Peoples Federal Savings and Loan Association | 3 | 0 | +3 | 35 |
| 2023 | Opened 5 in 3 statesClosed Auburn | 5 | 1 | +4 | 39 |
| 2025 | Opened TroyClosed Archbold | 1 | 1 | 0 | 39 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 39% | 28% | |
| 1-4 family residential | 19% | 34% | |
| Business (C&I) | 12% | 12% | |
| Agricultural | 9% | 1% | |
| Farmland | 7% | 4% | |
| Multifamily | 6% | 7% | |
| Construction and land | 4% | 6% | |
| Consumer | 2% | 4% | |
| Other | 1% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 56% | |
| Time deposits | 24% | 24% | |
| Noninterest-bearing | 18% | 20% |
Brokered deposits are 1.0% of deposits (peers 5.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.27% | 0.66% |
| Net charge-offs, annualized | 0.02% | 0.02% |
| Reserves to loans | 1.03% | 1.11% |
| Leverage ratio | 9.44% | 10.45% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Ohio
Largest competitors in Fulton County, OH
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-state-bank-archbold-oh