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 Q2 2026, Net interest margin rose 0.19 percentage points in Q3 2026 to 3.61%, the biggest move on this page. Within Indiana, Farmers and Merchants Bank is 46th of 87 on net interest margin, 3.61% as of Q3 2026, below 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 0.34 points lower, at 3.61% (Q3 2026); the peer median is as of Q2 2026.
Asset yields
| Line item | Q3 2026 |
|---|---|
| Yield on earning assets | 5.16% |
| Yield on loans | 6.41% |
| Yield on securities | 1.85% |
Funding costs
| Line item | Q3 2026 |
|---|---|
| Cost of funds | 1.65% |
| Cost of interest-bearing deposits | 2.02% |
| Cost of interest-bearing liabilities | 2.02% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q3 2026 |
|---|---|
| Net interest margin | 3.61% |
| Yield to cost spread | 3.14% |
Interest income and expense
| Line item | Q3 2026 |
|---|---|
| Interest income on loans | $3.3M |
| Total interest expense | $1.2M |
| Interest expense on deposits | $1.2M |
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 |
|---|---|---|---|---|---|
| Q4 2023 | 4.01% | 1.65% | 2.40% | 5.30% | 1.43% |
| Q1 2024 | 4.08% | 1.76% | 2.41% | 5.42% | 1.45% |
| Q2 2024 | 4.28% | 1.80% | 2.58% | 5.60% | 1.47% |
| Q3 2024 | 4.51% | 1.81% | 2.81% | 5.79% | 1.49% |
| Q4 2024 | 4.59% | 1.77% | 2.93% | 5.96% | 1.55% |
| Q1 2025 | 4.46% | 1.75% | 2.80% | 5.85% | 1.57% |
| Q2 2025 | 4.72% | 1.94% | 2.86% | 6.08% | 1.59% |
| Q3 2025 | 4.94% | 2.04% | 3.00% | 6.22% | 1.65% |
| Q4 2025 | 4.93% | 1.85% | 3.17% | 6.28% | 1.66% |
| Q1 2026 | 4.91% | 1.63% | 3.33% | 6.14% | 1.68% |
| Q2 2026 | 5.00% | 1.67% | 3.42% | 6.29% | 1.73% |
| Q3 2026 | 5.16% | 1.65% | 3.61% | 6.41% | 1.85% |
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 13801) · FFIEC NIC profile (RSSD 372640)