Farmers and Merchants Bank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The biggest quarter-over-quarter change on this page was a small one: Yield on securities edged up 0.18 percentage points between Q1 2026 and Q2 2026, to 3.85%. Within Mississippi, Farmers and Merchants Bank is 8th of 57 on net interest margin, 4.79% as of Q2 2026, above the middle of the field. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers and Merchants Bank sits 0.84 points higher, at 4.79% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.51% |
| Yield on loans | 7.94% |
| Yield on securities | 3.85% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.11% |
| Cost of interest-bearing deposits | 2.28% |
| Cost of interest-bearing liabilities | 2.28% |
| Cost of borrowings | 0.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.79% |
| Yield to cost spread | 4.23% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $7.0M |
| Total interest expense | $2.3M |
| Interest expense on deposits | $2.3M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 4.76% | 1.58% | 3.65% | 5.34% | 3.27% |
| Q4 2023 | 5.94% | 1.85% | 4.38% | 7.38% | 3.32% |
| Q1 2024 | 6.02% | 1.94% | 4.36% | 7.54% | 3.49% |
| Q2 2024 | 6.19% | 2.10% | 4.41% | 7.73% | 3.55% |
| Q3 2024 | 6.35% | 2.20% | 4.50% | 7.90% | 3.49% |
| Q4 2024 | 6.38% | 2.17% | 4.57% | 7.89% | 3.44% |
| Q1 2025 | 6.31% | 2.23% | 4.41% | 7.82% | 3.68% |
| Q2 2025 | 6.46% | 2.22% | 4.62% | 8.01% | 3.72% |
| Q3 2025 | 6.42% | 2.13% | 4.75% | 7.61% | 3.70% |
| Q4 2025 | 6.82% | 2.16% | 5.07% | 8.09% | 3.75% |
| Q1 2026 | 6.49% | 2.12% | 4.73% | 7.92% | 3.67% |
| Q2 2026 | 6.51% | 2.11% | 4.79% | 7.94% | 3.85% |
Farmers and Merchants Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Farmers and Merchants Bank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Farmers and Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15801) · FFIEC NIC profile (RSSD 205243)