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.
Compared with Q1 2026, Yield on loans rose 0.25 percentage points in Q2 2026 to 6.92%, the biggest move on this page. Farmers and Merchants Bank has the highest net interest margin of the 38 banks headquartered in North Carolina, 5.08% as of Q2 2026. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers and Merchants Bank sits 1.13 points higher, at 5.08% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.78% |
| Yield on loans | 6.92% |
| Yield on securities | 4.48% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.80% |
| Cost of interest-bearing deposits | 1.19% |
| Cost of interest-bearing liabilities | 1.19% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 5.08% |
| Yield to cost spread | 4.59% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $9.3M |
| Total interest expense | $1.7M |
| Interest expense on deposits | $1.7M |
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 | 5.52% | 0.30% | 5.15% | 6.56% | 3.46% |
| Q4 2023 | 5.71% | 0.35% | 5.28% | 6.72% | 3.70% |
| Q1 2024 | 5.76% | 0.58% | 5.22% | 6.74% | 3.80% |
| Q2 2024 | 5.88% | 0.65% | 5.29% | 6.91% | 3.78% |
| Q3 2024 | 5.98% | 0.72% | 5.34% | 7.01% | 3.87% |
| Q4 2024 | 5.86% | 0.75% | 5.20% | 6.90% | 3.94% |
| Q1 2025 | 5.76% | 0.74% | 5.11% | 6.79% | 4.06% |
| Q2 2025 | 5.83% | 0.79% | 5.13% | 6.87% | 4.23% |
| Q3 2025 | 5.91% | 0.83% | 5.18% | 6.98% | 4.38% |
| Q4 2025 | 5.75% | 0.85% | 5.01% | 6.77% | 4.43% |
| Q1 2026 | 5.67% | 0.81% | 4.96% | 6.67% | 4.47% |
| Q2 2026 | 5.78% | 0.80% | 5.08% | 6.92% | 4.48% |
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 2036) · FFIEC NIC profile (RSSD 348720)