Farmers & Merchants Bank
Granite Quarry, NC
IDRSSD: 348720
Total Assets
$985.58M
Latest filing
Total Deposits
$831.11M
Latest filing
Net Interest Margin
5.00%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Farmers & Merchants Bank
138 N Salisbury Gq Ave
Granite Quarry, NC 28146
Full Service - Brick and Mortar
Updated 04/17/2026Established 01/01/1909FDIC Certificate 1350
Branches (11)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| Farmers & Merchants Bank (Main) | 138 N Salisbury Gq Ave | Granite Quarry, NC |
| FAITH TELLER'S WINDOW BRANCH | 115 South Main Faith Street | Faith, NC |
| ROCKWELL BRANCH | 418 W Main St | Rockwell, NC |
| WEST SALISBURY BRANCH | 630 Jake Alexander Blvd W | Salisbury, NC |
| CHINA GROVE BRANCH | 116 N Main St | China Grove, NC |
| NORTH MAIN STREET BRANCH | 420 N Main St | Salisbury, NC |
| STATESVILLE BOULEVARD EXPRESS BRANCH | 221 Statesville Blvd | Salisbury, NC |
| AVALON DRIVE BRANCH | 102 Avalon Dr | Salisbury, NC |
Showing 7 of 11
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 01/01/1909 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 28146 |
| State and County Number | 37159 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 05 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | Charlotte-Concord-Gastonia, NC-SC |
Operational Info
| Number of Employees | 127 |
| Domestic Offices | 12 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 07/22/2017 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.fmbnc.com |
| Data Updated | 04/17/2026 |
| CERT | 2036 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $985.58M |
| Total Deposits | $831.11M |
| Total Liabilities | $839.36M |
| Total Equity Capital | $146.22M |
| Net Income | $6.04M |
| Net Loans and Leases | $516.16M |
| Assets Per Employee ($Millions) | $7.76M |
| Bank Premises and Fixed Assets | $18.14M |
| Cash and Balances due from Depository Institutions | $135.81M |
| Deposits Held in Domestic Offices | $831.11M |
Key Performance Ratios
| Return on Assets (ROA) | 2.48% |
| Return on Equity (ROE) | 16.66% |
| Net Interest Margin | 5% |
| Efficiency Ratio | 48.18% |
| Tier 1 Risk-Based Capital Ratio | 25.469% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.08% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 14.836% |
| Earning Assets to total Assets | 95.09% |
Income and Expense
| Total Interest Income | $13.25M |
| Total Noninterest Income | $2.87M |
| Total Interest Expense | $1.65M |
| Total Noninterest Expense | $6.98M |
| Net Interest Income | $11.61M |
| Pre-tax Net Operating Income | $7.70M |
| Provision for Credit Losses | $-200,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $8.25M |
| Total Liabilities and Capital | $985.58M |
Securities
| Securities | $293.30M |
| Available-for-sale debt securities | $242.42M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $50.88M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Farmers & Merchants Bank?
$985.58M as of the latest filing.
How much are Farmers & Merchants Bank's total deposits?
$831.11M in total deposits.
Where is Farmers & Merchants Bank located?
Granite Quarry, NC.
What is the Net Interest Margin?
5.00%.
How many domestic offices does it operate?
12.
When was it established?
01/01/1909.
What is the Return on Assets (ROA)?
2.48%.
How much are total loans and leases?
$516.16M (latest filing).
What is the total interest income (latest filing)?
$13.25M.