The 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 standout move of Q2 2026 was in Cost of borrowings: 6.76 percentage points lower than in Q1 2026, at 2.57%. The Farmers and Merchants Bank ranks 45th of 87 Indiana banks on net interest margin, in the lower half at 3.64% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. The Farmers and Merchants Bank sits 0.31 points lower, at 3.64% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.95% |
| Yield on loans | 6.23% |
| Yield on securities | 1.78% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.38% |
| Cost of interest-bearing deposits | 1.64% |
| Cost of interest-bearing liabilities | 1.65% |
| Cost of borrowings | 2.57% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.64% |
| Yield to cost spread | 3.30% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.2M |
| Total interest expense | $670K |
| Interest expense on deposits | $661K |
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 | 3.83% | 1.16% | 2.73% | 5.19% | 1.59% |
| Q4 2023 | 4.03% | 1.29% | 2.78% | 5.40% | 1.64% |
| Q1 2024 | 4.22% | 1.34% | 2.94% | 5.68% | 1.70% |
| Q2 2024 | 4.29% | 1.50% | 2.86% | 5.78% | 1.73% |
| Q3 2024 | 4.40% | 1.71% | 2.80% | 5.86% | 1.72% |
| Q4 2024 | 4.46% | 1.75% | 2.80% | 5.89% | 1.74% |
| Q1 2025 | 4.51% | 1.78% | 2.83% | 5.91% | 1.74% |
| Q2 2025 | 4.75% | 1.48% | 3.32% | 6.14% | 1.75% |
| Q3 2025 | 4.93% | 1.57% | 3.45% | 6.29% | 1.76% |
| Q4 2025 | 4.85% | 1.58% | 3.37% | 6.18% | 1.74% |
| Q1 2026 | 4.85% | 1.45% | 3.48% | 6.19% | 1.75% |
| Q2 2026 | 4.95% | 1.38% | 3.64% | 6.23% | 1.78% |
The 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 The 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 The Farmers and Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1843) · FFIEC NIC profile (RSSD 629746)