The Farmers and Merchants Bank
Boswell, IN
IDRSSD: 629746
Total Assets
$205.66M
Latest filing
Total Deposits
$179.81M
Latest filing
Net Interest Margin
3.40%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
The Farmers and Merchants Bank
302 S Old Us Highway 41
Boswell, IN 47921
Full Service - Brick and Mortar
Updated 11/14/2025Established 04/23/1903FDIC Certificate 1228
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| The Farmers and Merchants Bank (Main) | 302 S Old Us Highway 41 | Boswell, IN |
| OTTERBEIN BRANCH | 406 N Maddox Road | Otterbein, IN |
| WEST LAFAYETTE IN BRANCH | 275 Sagamore Pkwy W | West Lafayette, IN |
| WILLIAMSPORT BRANCH | 868 State Road 28 E | Williamsport, IN |
Showing 3 of 3
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 | 04/23/1903 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 47921 |
| State and County Number | 18007 |
| Subchapter S Corporations | No |
| Trust Powers | Full Trust Powers Granted |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Chicago |
| Core Based Statistical Area Name | Lafayette-West Lafayette, IN |
Operational Info
| Number of Employees | 29 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.fmbank.org |
| Data Updated | 11/14/2025 |
| CERT | 1843 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $205.66M |
| Total Deposits | $179.81M |
| Total Liabilities | $188.76M |
| Total Equity Capital | $16.89M |
| Net Income | $438.00k |
| Net Loans and Leases | $137.54M |
| Assets Per Employee ($Millions) | $7.34M |
| Bank Premises and Fixed Assets | $3.21M |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $179.81M |
Key Performance Ratios
| Return on Assets (ROA) | 0.85% |
| Return on Equity (ROE) | 10.66% |
| Net Interest Margin | 3.4% |
| Efficiency Ratio | 70.91% |
| Tier 1 Risk-Based Capital Ratio | 12.54% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.04% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.214% |
| Earning Assets to total Assets | 94.26% |
Income and Expense
| Total Interest Income | $2.39M |
| Total Noninterest Income | $190.00k |
| Total Interest Expense | $734.00k |
| Total Noninterest Expense | $1.31M |
| Net Interest Income | $1.66M |
| Pre-tax Net Operating Income | $515.00k |
| Provision for Credit Losses | $22.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $7.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $408.00k |
| All Other Liabilities | $1.04M |
| Total Liabilities and Capital | $205.66M |
Securities
| Securities | $54.06M |
| Available-for-sale debt securities | $42.14M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $11.93M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The Farmers and Merchants Bank?
$205.66M as of the latest filing.
How much are The Farmers and Merchants Bank's total deposits?
$179.81M in total deposits.
Where is The Farmers and Merchants Bank located?
Boswell, IN.
What is the Net Interest Margin?
3.40%.
How many domestic offices does it operate?
4.
When was it established?
04/23/1903.
What is the Return on Assets (ROA)?
0.85%.
How much are total loans and leases?
$137.54M (latest filing).
What is the total interest income (latest filing)?
$2.39M.