Farmers and Merchants Bank
Milford, Nebraska, Seward County
$1.1B in total assets, the 1,019th largest of 4,309 US banks and 20th of 139 headquartered in Nebraska.
- FDIC certificate
- 16810
- Established
- 1949
- Owned by
- Country Bank Shares Inc
- Primary regulator
- FDIC
- Website
- www.bankfmb.com
At a glance
Compared with 20 banks headquartered in Nebraska 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 | $1.1B | 10% | $1.3B | |
| Loans | $233M | 2% | $926M | |
| Deposits | $886M | 25% | $1.1B | |
| Return on assets | 0.84% | 15% | 1.24% | |
| Net interest margin | 2.27% | 2% | 3.48% | |
| Efficiency ratio | 53.4% | 20% | 61.6% | |
| Equity to assets | 8.35% | 5% | 9.98% | |
| Loans to deposits | 26% | 2% | 90% |
Growth
Total assets grew 3.1% a year over the last 5 years and 5.6% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 2020 | Ericson State Bank Ericson, NE | $101M |
| Feb 2008 | Kearney State Bank and Trust Company Kearney, NE, an affiliate under the same holding company | $136M |
| Jan 1998 | Security National Bank of Superior Superior, NE | $38M |
| Oct 1995 | The Bank of Wilber Wilber, NE | $33M |
| Oct 1992 | Farmers State Bank Douglas, NE, an affiliate under the same holding company | $13M |
| Oct 1992 | The Bank of Palmyra Palmyra, NE, an affiliate under the same holding company | $9M |
| Oct 1992 | Nebraska State Bank Weeping Water, NE, an affiliate under the same holding company | $18M |
| Aug 1992 | Home State Bank Beaver Crossing, NE, an affiliate under the same holding company | $9M |
Where they operate
12 branches in 9 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Seward County, NE | $629M | 49.1% | 1 of 5 |
| Nuckolls County, NE | $57M | 28.8% | 1 of 5 |
| Buffalo County, NE | $54M | 2.3% | 11 of 17 |
| Cass County, NE | $35M | 5.4% | 8 of 10 |
| Saline County, NE | $33M | 5.3% | 6 of 9 |
| Wheeler County, NE | $29M | 65.8% | 1 of 2 |
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%). 0 opened, 1 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 | |||
| 2020 | Acquired Ericson State Bank | 1 | 0 | +1 | 12 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Farmland | 49% | 10% | |
| Agricultural | 18% | 9% | |
| Business (C&I) | 13% | 13% | |
| 1-4 family residential | 10% | 17% | |
| Commercial real estate | 7% | 30% | |
| Multifamily | 1% | 7% | |
| Consumer | 0% | 2% | |
| Construction and land | 0% | 9% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 74% | 54% | |
| Time deposits | 20% | 32% | |
| Noninterest-bearing | 7% | 14% |
Brokered deposits are 59.8% of deposits (peers 7.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.00% | 0.42% |
| Net charge-offs, annualized | -0.00% | 0.01% |
| Reserves to loans | 0.41% | 1.37% |
| Leverage ratio | 10.64% | 10.34% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Nebraska
Largest competitors in Seward County, NE
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-milford-ne