Farmers & Merchants Bank of North Dakota: 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.
Compared with Q1 2026, Yield on loans rose 0.32 percentage points in Q2 2026 to 7.00%, the biggest move on this page. Within North Dakota, Farmers & Merchants Bank of North Dakota is 50th of 60 on net interest margin, 3.23% as of Q2 2026, below 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 of North Dakota sits 0.72 points lower, at 3.23% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.64% |
| Yield on loans | 7.00% |
| Yield on securities | 2.51% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.49% |
| Cost of interest-bearing deposits | 2.01% |
| Cost of interest-bearing liabilities | 2.01% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.23% |
| Yield to cost spread | 2.63% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $804K |
| Total interest expense | $415K |
| Interest expense on deposits | $415K |
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 | 4.26% | 1.44% | 2.89% | 6.08% | 2.12% |
| Q4 2023 | 4.31% | 1.62% | 2.74% | 6.01% | 2.18% |
| Q1 2024 | 4.38% | 1.29% | 3.04% | 6.08% | 2.10% |
| Q2 2024 | 4.88% | 1.55% | 3.41% | 7.04% | 2.15% |
| Q3 2024 | 4.56% | 1.76% | 2.87% | 6.21% | 2.12% |
| Q4 2024 | 4.93% | 1.77% | 3.24% | 6.87% | 2.02% |
| Q1 2025 | 4.64% | 1.55% | 3.13% | 6.34% | 2.26% |
| Q2 2025 | 5.07% | 1.57% | 3.55% | 7.29% | 2.26% |
| Q3 2025 | 5.06% | 1.67% | 3.43% | 7.05% | 2.27% |
| Q4 2025 | 5.06% | 1.67% | 3.46% | 7.11% | 2.29% |
| Q1 2026 | 4.60% | 1.52% | 3.13% | 6.68% | 2.37% |
| Q2 2026 | 4.64% | 1.49% | 3.23% | 7.00% | 2.51% |
Farmers & Merchants Bank of North Dakota 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 of North Dakota, 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 of North Dakota profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8640) · FFIEC NIC profile (RSSD 954158)