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, Total interest expense fell 3.3% in Q2 2026 to $4.0M, the biggest move on this page. Farmers and Merchants Bank ranks 19th of 27 Maryland banks on net interest margin, in the lower half at 3.40% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers and Merchants Bank sits 0.55 points lower, at 3.40% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.31% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.03% |
| Cost of interest-bearing deposits | 2.32% |
| Cost of interest-bearing liabilities | 2.43% |
| Cost of borrowings | 3.57% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.40% |
| Yield to cost spread | 2.88% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $9.6M |
| Total interest expense | $4.0M |
| Interest expense on deposits | $3.4M |
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 |
|---|---|---|---|
| Q3 2023 | 4.42% | 1.57% | 2.95% |
| Q4 2023 | 4.63% | 1.91% | 2.84% |
| Q1 2024 | 4.67% | 2.05% | 2.74% |
| Q2 2024 | 4.83% | 2.19% | 2.78% |
| Q3 2024 | 5.05% | 2.52% | 2.68% |
| Q4 2024 | 5.13% | 2.41% | 2.79% |
| Q1 2025 | 5.00% | 2.28% | 2.85% |
| Q2 2025 | 5.20% | 2.21% | 3.09% |
| Q3 2025 | 5.32% | 2.28% | 3.15% |
| Q4 2025 | 5.33% | 2.22% | 3.26% |
| Q1 2026 | 5.36% | 2.08% | 3.39% |
| Q2 2026 | 5.31% | 2.03% | 3.40% |
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 1895) · FFIEC NIC profile (RSSD 891226)