The 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.
In Q2 2026, Yield on loans edged down by 0.22 percentage points, from 8.13% to 7.91%, the largest move among the key lines here. Within South Dakota, The Farmers and Merchants State Bank is 20th of 56 on net interest margin, 4.23% as of Q2 2026, above the middle of the field. The median for banks in the < $100M asset tier is 3.89% on net interest margin. The Farmers and Merchants State Bank sits 0.35 points higher, at 4.23% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.14% |
| Yield on loans | 7.91% |
| Yield on securities | 3.50% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.01% |
| Cost of interest-bearing deposits | 1.30% |
| Cost of interest-bearing liabilities | 1.30% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.23% |
| Yield to cost spread | 3.84% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $259K |
| Total interest expense | $81K |
| Interest expense on deposits | $81K |
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 | 4.57% | 0.91% | 3.71% | 7.47% | 2.58% |
| Q4 2023 | 4.77% | 1.10% | 3.72% | 8.00% | 2.51% |
| Q1 2024 | 4.76% | 1.24% | 3.61% | 7.61% | 2.58% |
| Q2 2024 | 5.24% | 1.27% | 4.04% | 8.34% | 2.75% |
| Q3 2024 | 5.31% | 1.39% | 4.04% | 8.40% | 2.75% |
| Q4 2024 | 5.31% | 1.34% | 4.07% | 8.51% | 2.78% |
| Q1 2025 | 5.28% | 1.21% | 4.17% | 8.27% | 2.96% |
| Q2 2025 | 5.28% | 1.19% | 4.19% | 8.03% | 3.15% |
| Q3 2025 | 5.38% | 1.18% | 4.31% | 8.06% | 3.31% |
| Q4 2025 | 5.21% | 1.15% | 4.18% | 7.74% | 3.32% |
| Q1 2026 | 5.20% | 1.02% | 4.27% | 8.13% | 3.39% |
| Q2 2026 | 5.14% | 1.01% | 4.23% | 7.91% | 3.50% |
The 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 The 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 The Farmers and Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13999) · FFIEC NIC profile (RSSD 425050)