Farmers and Merchants Bank of South Carolina: 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: Yield on loans edged up 0.18 percentage points between Q2 2026 and Q3 2026, to 7.39%. Farmers and Merchants Bank of South Carolina ranks 20th of 44 South Carolina banks on net interest margin, in the upper half at 3.83% (Q3 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers and Merchants Bank of South Carolina sits 0.12 points lower, at 3.83% (Q3 2026); the peer median is as of Q2 2026.
Asset yields
| Line item | Q3 2026 |
|---|---|
| Yield on earning assets | 4.12% |
| Yield on loans | 7.39% |
| Yield on securities | 2.41% |
Funding costs
| Line item | Q3 2026 |
|---|---|
| Cost of funds | 0.31% |
| Cost of interest-bearing deposits | 0.49% |
| Cost of interest-bearing liabilities | 0.49% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q3 2026 |
|---|---|
| Net interest margin | 3.83% |
| Yield to cost spread | 3.63% |
Interest income and expense
| Line item | Q3 2026 |
|---|---|
| Interest income on loans | $2.3M |
| Total interest expense | $279K |
| Interest expense on deposits | $279K |
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 | 4.18% | 0.28% | 3.93% | 6.32% | 2.24% |
| Q1 2024 | 4.22% | 0.28% | 3.98% | 6.36% | 2.24% |
| Q2 2024 | 4.17% | 0.32% | 3.89% | 6.58% | 2.27% |
| Q3 2024 | 4.15% | 0.31% | 3.88% | 6.78% | 2.28% |
| Q4 2024 | 4.07% | 0.28% | 3.81% | 6.81% | 2.26% |
| Q1 2025 | 4.07% | 0.25% | 3.84% | 6.70% | 2.33% |
| Q2 2025 | 4.28% | 0.31% | 4.01% | 7.11% | 2.36% |
| Q3 2025 | 4.23% | 0.33% | 3.94% | 7.26% | 2.36% |
| Q4 2025 | 4.08% | 0.32% | 3.80% | 7.23% | 2.32% |
| Q1 2026 | 3.84% | 0.24% | 3.62% | 7.13% | 2.31% |
| Q2 2026 | 4.17% | 0.31% | 3.90% | 7.21% | 2.35% |
| Q3 2026 | 4.12% | 0.31% | 3.83% | 7.39% | 2.41% |
Farmers and Merchants Bank of South Carolina 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 of South Carolina, 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 of South Carolina profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1660) · FFIEC NIC profile (RSSD 282226)