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 largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.27 percentage points to 3.79%. Within Virginia, Farmers & Merchants Bank is 31st of 56 on net interest margin, 3.79% as of Q2 2026, below the middle of the field. At 3.79%, Farmers & Merchants Bank's net interest margin is close to the 3.71% median for banks in the $1B-10B asset tier (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.47% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.76% |
| Cost of interest-bearing deposits | 2.29% |
| Cost of interest-bearing liabilities | 2.29% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.79% |
| Yield to cost spread | 3.18% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $14.9M |
| Total interest expense | $5.6M |
| Interest expense on deposits | $5.6M |
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 |
|---|---|---|---|
| Q3 2023 | 4.95% | 2.15% | 2.74% |
| Q4 2023 | 5.08% | 2.28% | 2.74% |
| Q1 2024 | 5.13% | 2.37% | 2.71% |
| Q2 2024 | 5.05% | 2.45% | 2.67% |
| Q3 2024 | 5.17% | 2.52% | 2.73% |
| Q4 2024 | 5.29% | 2.50% | 2.88% |
| Q1 2025 | 5.22% | 2.22% | 3.07% |
| Q2 2025 | 5.41% | 2.06% | 3.43% |
| Q3 2025 | 5.37% | 2.10% | 3.35% |
| Q4 2025 | 5.37% | 2.04% | 3.43% |
| Q1 2026 | 5.30% | 1.85% | 3.52% |
| Q2 2026 | 5.47% | 1.76% | 3.79% |
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 8668) · FFIEC NIC profile (RSSD 713926)