The Farmers & Merchants State Bank holds $3.3B in total assets and has $2.7B in deposits across 17 counties in 6 ranked markets and 3 states. Its deposit footprint is concentrated: the top three counties (Fulton County, Ohio, Williams County, Ohio, and Adams County, Indiana) hold 47% of its deposits, and Ohio accounts for 72% of the total. It is among the top three banks by deposits in 7 of the 17 counties where it operates. Figures are from the FDIC Summary of Deposits as of June 30, 2025, and are refreshed once a year when the next survey is released, not quarterly.
Deposits by county
Data as of June 30, 2025 (FDIC Summary of Deposits)
| County | Deposits | County’s % of Bank’s Deposits | Bank’s % of County Deposits | Branches |
|---|---|---|---|---|
| Fulton County, OH | $712M | 26.2% | 51.5% | 5 |
| Williams County, OH | $327M | 12.0% | 31.6% | 4 |
| Adams County, IN | $236M | 8.7% | 23.9% | 4 |
| Lucas County, OH | $185M | 6.8% | 1.6% | 4 |
| Champaign County, OH | $162M | 6.0% | 24.1% | 1 |
| Allen County, IN | $161M | 5.9% | 1.8% | 3 |
| Defiance County, OH | $144M | 5.3% | 10.8% | 2 |
| Wood County, OH | $144M | 5.3% | 4.8% | 3 |
| Shelby County, OH | $129M | 4.8% | 9.2% | 3 |
| Henry County, OH | $115M | 4.2% | 14.4% | 1 |
| Wells County, IN | $102M | 3.8% | 16.5% | 2 |
| DeKalb County, IN | $88M | 3.2% | 9.0% | 2 |
| Steuben County, IN | $74M | 2.7% | 8.5% | 1 |
| Oakland County, MI | $56M | 2.1% | 0.1% | 1 |
| Jay County, IN | $32M | 1.2% | 7.0% | 1 |
| Hancock County, OH | $29M | 1.1% | 1.6% | 1 |
| Butler County, OH | $17M | 0.6% | 0.2% | 1 |
“Deposits (SOD)” are deposits as reported to the FDIC at branch level in the Summary of Deposits (SOD), June 30, 2025, and are nominal. They reflect where deposits are booked and may differ from the institution’s balance-sheet total. “County’s % of Bank’s Deposits” is this county’s share of the institution’s total SOD deposits; “Bank’s % of County Deposits” is this institution’s deposits as a percent of all deposits booked in that county. Counties within a Combined or Metropolitan Statistical Area link to their full profile; other counties are shown for completeness.
Browse all covered institutions in the bank directory or the banks headquartered in OH. All 293 markets and the 1,523 counties with a branch within a CSA or MSA are covered in the Market Intelligence resource. See the methodology for how each figure is built and when to expect updates, or the disclaimer for how this data should, and should not, be read.
The Farmers & Merchants State Bank is named on this page solely to describe publicly reported FDIC deposit data. Its appearance does not imply any affiliation between The Farmers & Merchants State Bank and The Executive Recruiter Group, or endorsement by either.