Bank · FDIC insured
Farmers & Merchants State Bank
A $245.6M bank headquartered in Waterloo, WI, with 3 branches in Wisconsin. Best rates: CDs 4.50% and savings 0.16% APY.
Farmers & Merchants State Bank Carrot Score
78
Carrot Score
Higher than 46% of U.S. banks and credit unions
#6 of 14 in Watertown, WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Farmers & Merchants State Bank
- Headquarters
- 210 W Madison St, Waterloo, WI 53594
- FDIC certificate
- 13242 ↗
Branches
3 branches in Wisconsin
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Wisconsin
3 branches
Watertown area · 2
- Farmers & Merchants State BankMain office210 W Madison St, Waterloo, WI 53594Directions
- Lake Mills Branch550 W Tyranena Park Rd, Lake Mills, WI 53551Directions
Madison area · 1
- Marshall Branch218 W Main St, Marshall, WI 53559Directions
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 | 11.13% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.92% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $117 | $81 | — |
- CapitalLeverage ratio11.13%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.92%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$117Peers’ 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 State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.