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.
The biggest quarter-over-quarter change on this page was a small one: Yield on loans edged up 0.13 percentage points between Q1 2026 and Q2 2026, to 8.46%. On net interest margin, Farmers & Merchants Bank is 1st from the bottom among 93 Alabama banks, 1.57% (Q2 2026). Against a median of 3.89% for banks in the < $100M asset tier, Farmers & Merchants Bank reported 1.57% on net interest margin in Q2 2026, 2.32 points lower.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 3.31% |
| Yield on loans | 8.46% |
| Yield on securities | 2.99% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.12% |
| Cost of interest-bearing deposits | 2.69% |
| Cost of interest-bearing liabilities | 2.69% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 1.57% |
| Yield to cost spread | 0.62% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $109K |
| Total interest expense | $448K |
| Interest expense on deposits | $448K |
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 | 2.91% | 2.17% | 0.97% | 8.22% | 2.65% |
| Q4 2023 | 2.69% | 2.31% | 0.57% | 8.57% | 2.36% |
| Q1 2024 | 2.88% | 2.21% | 0.84% | 8.41% | 2.55% |
| Q2 2024 | 3.07% | 2.41% | 0.92% | 8.64% | 2.62% |
| Q3 2024 | 3.28% | 2.56% | 1.10% | 8.60% | 2.89% |
| Q4 2024 | 3.19% | 2.50% | 1.07% | 8.71% | 2.76% |
| Q1 2025 | 4.16% | 2.24% | 1.67% | 8.55% | 3.79% |
| Q2 2025 | 3.21% | 2.32% | 1.26% | 8.33% | 2.79% |
| Q3 2025 | 3.32% | 2.27% | 1.35% | 8.72% | 2.86% |
| Q4 2025 | 3.30% | 2.12% | 1.39% | 8.58% | 2.90% |
| Q1 2026 | 3.28% | 2.05% | 1.54% | 8.33% | 2.95% |
| Q2 2026 | 3.31% | 2.12% | 1.57% | 8.46% | 2.99% |
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 1745) · FFIEC NIC profile (RSSD 291732)