Farmers and Merchants State 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 Net interest margin: 0.54 percentage points higher than in Q1 2026, at 3.91%. Within North Dakota, Farmers and Merchants State Bank is 29th of 60 on net interest margin, 3.91% as of Q2 2026, above the middle of the field. At 3.91%, Farmers and Merchants State Bank's net interest margin is close to the 3.95% median for banks in the $100M-1B asset tier (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.80% |
| Yield on loans | 6.95% |
| Yield on securities | 4.05% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.18% |
| Cost of interest-bearing deposits | 2.45% |
| Cost of interest-bearing liabilities | 2.56% |
| Cost of borrowings | 3.86% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.91% |
| Yield to cost spread | 3.24% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.4M |
| Total interest expense | $649K |
| Interest expense on deposits | $542K |
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 | 4.39% | 2.27% | 2.37% | 5.99% | 2.95% |
| Q4 2023 | 4.53% | 2.19% | 2.55% | 6.14% | 2.97% |
| Q1 2024 | 4.73% | 2.29% | 2.72% | 6.42% | 3.02% |
| Q2 2024 | 4.94% | 2.81% | 2.49% | 6.70% | 3.16% |
| Q3 2024 | 4.97% | 2.95% | 2.39% | 6.65% | 3.06% |
| Q4 2024 | 5.16% | 2.70% | 2.75% | 6.80% | 3.23% |
| Q1 2025 | 5.16% | 2.53% | 2.95% | 6.75% | 3.32% |
| Q2 2025 | 5.38% | 2.42% | 3.23% | 6.86% | 3.53% |
| Q3 2025 | 5.43% | 2.54% | 3.23% | 6.88% | 3.51% |
| Q4 2025 | 5.55% | 2.29% | 3.49% | 7.00% | 3.59% |
| Q1 2026 | 5.27% | 2.12% | 3.37% | 6.83% | 3.24% |
| Q2 2026 | 5.80% | 2.18% | 3.91% | 6.95% | 4.05% |
Farmers and Merchants State 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 State 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 State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 21728) · FFIEC NIC profile (RSSD 677756)