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 securities edged down 0.10 percentage points between Q1 2026 and Q2 2026, to 3.07%. Within Alabama, Farmers & Merchants Bank is 31st of 93 on net interest margin, 4.17% as of Q2 2026, above the middle of the field. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers & Merchants Bank sits 0.22 points higher, at 4.17% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.07% |
| Yield on loans | 6.94% |
| Yield on securities | 3.07% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.96% |
| Cost of interest-bearing deposits | 1.37% |
| Cost of interest-bearing liabilities | 1.36% |
| Cost of borrowings | 3.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.17% |
| Yield to cost spread | 3.71% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.6M |
| Total interest expense | $658K |
| Interest expense on deposits | $652K |
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 | 4.54% | 0.74% | 3.82% | 6.40% | 2.49% |
| Q4 2023 | 4.23% | 0.89% | 3.36% | 5.87% | 2.34% |
| Q1 2024 | 4.79% | 0.85% | 3.97% | 6.63% | 2.72% |
| Q2 2024 | 4.93% | 1.00% | 3.97% | 6.84% | 2.78% |
| Q3 2024 | 5.07% | 1.06% | 4.07% | 7.05% | 2.77% |
| Q4 2024 | 5.05% | 1.09% | 4.00% | 7.05% | 2.75% |
| Q1 2025 | 5.06% | 1.10% | 3.99% | 7.04% | 2.80% |
| Q2 2025 | 5.11% | 1.09% | 4.03% | 6.99% | 2.85% |
| Q3 2025 | 5.16% | 1.08% | 4.11% | 7.16% | 3.00% |
| Q4 2025 | 5.07% | 1.01% | 4.10% | 7.09% | 3.04% |
| Q1 2026 | 5.01% | 0.94% | 4.12% | 6.86% | 3.17% |
| Q2 2026 | 5.07% | 0.96% | 4.17% | 6.94% | 3.07% |
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 1735) · FFIEC NIC profile (RSSD 434539)