The 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.
Compared with Q1 2026, Cost of borrowings rose 0.34 percentage points in Q2 2026 to 3.32%, the biggest move on this page. The Farmers & Merchants Bank ranks 113th of 153 Wisconsin banks on net interest margin, in the lower half at 3.52% (Q2 2026). The Farmers & Merchants Bank reported 3.52% on net interest margin for Q2 2026, 0.43 points below the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.34% |
| Yield on loans | 6.84% |
| Yield on securities | 4.40% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 3.12% |
| Cost of interest-bearing deposits | 3.36% |
| Cost of interest-bearing liabilities | 3.40% |
| Cost of borrowings | 3.32% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.52% |
| Yield to cost spread | 2.94% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $12.9M |
| Total interest expense | $6.7M |
| Interest expense on deposits | $6.2M |
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 | 5.34% | 2.75% | 2.84% | 5.62% | 4.23% |
| Q4 2023 | 5.74% | 3.03% | 2.95% | 6.06% | 4.35% |
| Q1 2024 | 5.97% | 3.19% | 3.02% | 6.33% | 4.42% |
| Q2 2024 | 6.06% | 3.25% | 3.07% | 6.43% | 4.47% |
| Q3 2024 | 6.19% | 3.30% | 3.16% | 6.60% | 4.47% |
| Q4 2024 | 6.32% | 3.30% | 3.30% | 6.78% | 4.41% |
| Q1 2025 | 6.23% | 3.20% | 3.28% | 6.70% | 4.30% |
| Q2 2025 | 6.29% | 3.19% | 3.36% | 6.80% | 4.34% |
| Q3 2025 | 6.10% | 3.23% | 3.12% | 6.58% | 4.41% |
| Q4 2025 | 6.37% | 3.18% | 3.47% | 6.93% | 4.50% |
| Q1 2026 | 6.20% | 3.06% | 3.41% | 6.76% | 4.34% |
| Q2 2026 | 6.34% | 3.12% | 3.52% | 6.84% | 4.40% |
The 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 The 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 The Farmers & Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15779) · FFIEC NIC profile (RSSD 574949)