Farmers & 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.
Total interest expense rose 3.0% from Q1 2026 to Q2 2026, ending at $1.6M against $1.6M. It was the largest change among the key lines on this page. Farmers & Merchants Bank ranks 30th of 156 Ohio banks on net interest margin, in the upper half at 4.35% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers & Merchants Bank sits 0.40 points higher, at 4.35% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.20% |
| Yield on loans | 6.82% |
| Yield on securities | 3.16% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.07% |
| Cost of interest-bearing deposits | 2.67% |
| Cost of interest-bearing liabilities | 2.75% |
| Cost of borrowings | 4.56% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.35% |
| Yield to cost spread | 3.45% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $4.9M |
| Total interest expense | $1.6M |
| Interest expense on deposits | $1.5M |
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 | 5.25% | 1.28% | 4.07% | 6.04% | 2.50% |
| Q4 2023 | 5.42% | 1.63% | 3.92% | 6.27% | 2.62% |
| Q1 2024 | 5.52% | 1.87% | 3.80% | 6.26% | 2.60% |
| Q2 2024 | 5.81% | 1.85% | 4.06% | 6.61% | 2.63% |
| Q3 2024 | 6.00% | 1.93% | 4.19% | 6.82% | 2.62% |
| Q4 2024 | 6.05% | 2.11% | 4.14% | 6.87% | 2.67% |
| Q1 2025 | 6.00% | 2.02% | 4.18% | 6.67% | 2.71% |
| Q2 2025 | 6.21% | 1.98% | 4.40% | 6.92% | 2.75% |
| Q3 2025 | 6.19% | 2.09% | 4.29% | 6.88% | 2.77% |
| Q4 2025 | 6.15% | 2.07% | 4.28% | 6.83% | 3.01% |
| Q1 2026 | 6.16% | 2.04% | 4.32% | 6.68% | 3.18% |
| Q2 2026 | 6.20% | 2.07% | 4.35% | 6.82% | 3.16% |
Farmers & 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 & 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 & Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 9462) · FFIEC NIC profile (RSSD 176325)