Bank · FDIC insured
Farmers & Merchants Bank
A $949.4M bank headquartered in Berlin, WI, with 2 branches in Wisconsin. Best rates: CDs 4.15% and savings 0.25% APY.
Farmers & Merchants Bank Carrot Score
74
Carrot Score
Higher than 36% of U.S. banks and credit unions
#130 of 196 in WisconsinHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Farmers & Merchants Bank
Founded in 1940 by Harry Kujawa in Berlin, Wisconsin, Farmers & Merchants Bank was established to offer area farmers a bank tailored to agricultural needs.
The bank continues to be operated by successive generations of the founding Kujawa family.
- Headquarters
- 123 W Huron St, Berlin, WI 54923
- FDIC certificate
- 15779 ↗
Branches
2 branches in Wisconsin
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Wisconsin
2 branches
- The Farmers & Merchants BankMain office123 W Huron St, Berlin, WI 54923Directions
- Berlin Drive Up Location Branch663 Broadway, Berlin, WI 54923Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.02% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 1.96% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.23% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $94 | $81 | — |
- CapitalLeverage ratio10.02%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent1.96%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.23%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$94Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Farmers & Merchants Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.