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: Cost of interest-bearing deposits edged up 0.09 percentage points between Q1 2026 and Q2 2026, to 1.44%. Within Georgia, Farmers and Merchants Bank is 74th of 121 on net interest margin, 4.23% as of Q2 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 0.28 points higher, at 4.23% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.17% |
| Yield on loans | 7.20% |
| Yield on securities | 3.96% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.07% |
| Cost of interest-bearing deposits | 1.44% |
| Cost of interest-bearing liabilities | 1.44% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.23% |
| Yield to cost spread | 3.73% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.1M |
| Total interest expense | $390K |
| Interest expense on deposits | $390K |
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 | 4.42% | 0.63% | 3.86% | 6.50% | 2.73% |
| Q4 2023 | 4.83% | 0.91% | 4.02% | 6.93% | 2.85% |
| Q1 2024 | 4.81% | 0.94% | 3.96% | 7.07% | 3.21% |
| Q2 2024 | 5.11% | 0.97% | 4.24% | 7.01% | 3.52% |
| Q3 2024 | 5.05% | 1.06% | 4.10% | 7.19% | 3.56% |
| Q4 2024 | 5.22% | 1.05% | 4.28% | 7.56% | 3.65% |
| Q1 2025 | 5.13% | 1.02% | 4.21% | 7.65% | 3.69% |
| Q2 2025 | 5.21% | 1.02% | 4.30% | 7.27% | 3.78% |
| Q3 2025 | 5.26% | 1.00% | 4.37% | 7.39% | 3.82% |
| Q4 2025 | 5.26% | 1.03% | 4.35% | 7.17% | 3.92% |
| Q1 2026 | 5.11% | 1.01% | 4.21% | 7.16% | 3.96% |
| Q2 2026 | 5.17% | 1.07% | 4.23% | 7.20% | 3.96% |
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 16440) · FFIEC NIC profile (RSSD 4231)