| Bank Cert #8668

Farmers & Merchants Bank

Virginia JSON

Institution Profile

Address: 165 New Market Rd Timberville, VA 22853
Website:

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FDIC Profile:

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Established:

1/1/1908

Branches:

15

Branches by Region
VA 15

Financial Overview

Total Assets
$1.37B
Total Deposits
$1.25B
Total Loans
$889.44M
Equity Capital
$107.98M
Employees
173
Allowance for Loan Losses
$7.82M

Performance Ratios

Net Worth Ratio
7.87%
Loan-to-Deposit Ratio
71.11%
Coverage Ratio
0.88% Allowance / Total Loans
Net Income
$11.25M
Return on Assets (ROA)
0.85%
Return on Equity (ROE)
11.56%

Assets, Loans & Deposits Over Time

Assets, Loans & Deposits Over Time

Total Assets: +65.86% Total Deposits: +83.38% Total Loans: +32.68% since 2020 Q1

Employee Growth

Employee Growth

Employees: +13.07% since 2020 Q1

Loan Portfolio Breakdown

Current outstanding balances by loan type

1-4 Family Residential
$303.92M 34.2%
Commercial Real Estate
$211.09M 23.7%
Farmland
$115.00M 12.9%
Auto Loans
$77.08M 8.7%
Construction
$70.31M 7.9%
Commercial & Industrial
$56.89M 6.4%
Agricultural
$20.13M 2.3%
Multifamily
$18.85M 2.1%
Other Consumer
$8.80M 1.0%
Municipal
$4.22M 0.5%
Credit Card
$3.39M 0.4%

Portfolio Distribution

SBA 7(a) Loan Originations

Quarterly SBA origination activity and guaranteed exposure

SBA 7(a) Originations vs Cancellations per Quarter

SBA 7(a) Approved vs Guaranteed vs Cancelled Dollars

Net Income Trend

Net Income Trend

Net Income: +854.45% since 2020 Q1

Historical Data Table

QuarterTotal AssetsTotal DepositsTotal LoansNet IncomeEmployees
2025 Q4 $1.37B $1.25B $889.44M $11.25M 173
2025 Q3 $1.36B $1.24B $873.60M $8.16M 158
2025 Q2 $1.31B $1.20B $851.05M $5.25M 161
2025 Q1 $1.31B $1.21B $827.64M $2.41M 159
2024 Q4 $1.30B $1.20B $842.23M $7.29M 158
2024 Q3 $1.34B $1.22B $833.05M $5.03M 160
2024 Q2 $1.31B $1.19B $830.30M $4.26M 157
2024 Q1 $1.31B $1.16B $827.25M $1.29M 162
2023 Q4 $1.29B $1.14B $823.21M $3.15M 151
2023 Q3 $1.28B $1.14B $807.63M $2.62M 153
2023 Q2 $1.28B $1.14B $777.14M $1.58M 150
2023 Q1 $1.25B $1.11B $758.16M $1.27M 145
2022 Q4 $1.25B $1.09B $744.98M $8.80M 143
2022 Q3 $1.24B $1.13B $702.90M $6.59M 143
2022 Q2 $1.23B $1.11B $695.95M $4.01M 147
2022 Q1 $1.24B $1.12B $662.04M $2.05M 148
2021 Q4 $1.22B $1.09B $667.31M $11.08M 137
2021 Q3 $1.17B $1.04B $659.44M $9.31M 139
2021 Q2 $1.10B $967.09M $669.98M $6.89M 139
2021 Q1 $1.01B $875.38M $675.30M $3.64M 139
2020 Q4 $966.61M $832.83M $720.08M $8.71M 139
2020 Q3 $1.01B $810.38M $760.56M $5.78M 148
2020 Q2 $980.86M $771.34M $751.93M $3.61M 150
2020 Q1 $827.39M $682.06M $670.35M $1.18M 153