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.
Net interest margin rose 0.21 percentage points from Q1 2026 to Q2 2026, ending at 4.80% against 4.59%. It was the largest change among the key lines on this page. Within Georgia, Farmers & Merchants Bank is 41st of 121 on net interest margin, 4.80% as of Q2 2026, above the middle of the field. Farmers & Merchants Bank reported 4.80% on net interest margin for Q2 2026, 0.85 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.74% |
| Yield on loans | 7.86% |
| Yield on securities | 2.91% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.10% |
| Cost of interest-bearing deposits | 2.50% |
| Cost of interest-bearing liabilities | 2.50% |
| Cost of borrowings | 3.71% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.80% |
| Yield to cost spread | 4.24% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $12.1M |
| Total interest expense | $4.0M |
| Interest expense on deposits | $4.0M |
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 | 6.24% | 1.72% | 4.62% | 7.41% | 2.29% |
| Q4 2023 | 6.64% | 2.01% | 4.77% | 7.70% | 2.40% |
| Q1 2024 | 6.60% | 2.19% | 4.58% | 7.79% | 2.58% |
| Q2 2024 | 6.94% | 2.35% | 4.76% | 8.14% | 2.70% |
| Q3 2024 | 7.06% | 2.55% | 4.68% | 8.13% | 2.69% |
| Q4 2024 | 6.45% | 2.49% | 4.13% | 7.38% | 2.79% |
| Q1 2025 | 6.81% | 2.32% | 4.63% | 7.97% | 2.87% |
| Q2 2025 | 6.96% | 2.32% | 4.79% | 8.04% | 2.91% |
| Q3 2025 | 6.64% | 2.34% | 4.47% | 7.61% | 2.91% |
| Q4 2025 | 6.91% | 2.29% | 4.81% | 7.78% | 2.93% |
| Q1 2026 | 6.61% | 2.19% | 4.59% | 7.55% | 2.93% |
| Q2 2026 | 6.74% | 2.10% | 4.80% | 7.86% | 2.91% |
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 5716) · FFIEC NIC profile (RSSD 763930)