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 largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.31 percentage points to 3.31%. Within Alabama, Farmers and Merchants Bank is 76th of 93 on net interest margin, 3.31% 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 0.64 points lower, at 3.31% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.23% |
| Yield on loans | 7.48% |
| Yield on securities | 3.45% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.97% |
| Cost of interest-bearing deposits | 2.29% |
| Cost of interest-bearing liabilities | 2.36% |
| Cost of borrowings | 4.87% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.31% |
| Yield to cost spread | 2.87% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.4M |
| Total interest expense | $1.4M |
| Interest expense on deposits | $1.3M |
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 | 4.22% | 1.59% | 2.77% | 6.84% | 2.68% |
| Q4 2023 | 4.43% | 1.85% | 2.75% | 6.92% | 2.84% |
| Q1 2024 | 4.36% | 1.92% | 2.63% | 7.11% | 2.74% |
| Q2 2024 | 4.54% | 2.01% | 2.75% | 7.36% | 2.74% |
| Q3 2024 | 4.76% | 2.07% | 2.85% | 7.46% | 2.77% |
| Q4 2024 | 4.79% | 2.07% | 2.89% | 7.46% | 2.78% |
| Q1 2025 | 4.68% | 2.03% | 2.82% | 7.38% | 2.82% |
| Q2 2025 | 4.92% | 2.06% | 3.04% | 7.58% | 2.85% |
| Q3 2025 | 4.93% | 2.04% | 3.06% | 7.58% | 2.86% |
| Q4 2025 | 4.93% | 2.00% | 3.12% | 7.68% | 2.94% |
| Q1 2026 | 4.79% | 1.94% | 3.00% | 7.49% | 3.00% |
| Q2 2026 | 5.23% | 1.97% | 3.31% | 7.48% | 3.45% |
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 13887) · FFIEC NIC profile (RSSD 446130)