Farmers & Merchants Bank & Trust: 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 0.19 percentage points from Q1 2026 to Q2 2026, ending at 3.61% against 3.42%. It was the largest change among the key lines on this page. Farmers & Merchants Bank & Trust ranks 126th of 225 Iowa banks on net interest margin, in the lower half at 3.61% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers & Merchants Bank & Trust sits 0.34 points lower, at 3.61% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.24% |
| Yield on loans | 5.65% |
| Yield on securities | 1.63% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.62% |
| Cost of interest-bearing deposits | 0.66% |
| Cost of interest-bearing liabilities | 0.75% |
| Cost of borrowings | 3.91% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.61% |
| Yield to cost spread | 3.49% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.8M |
| Total interest expense | $310K |
| Interest expense on deposits | $268K |
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 | 3.23% | 0.92% | 2.29% | 4.72% | 1.54% |
| Q4 2023 | 3.41% | 1.01% | 2.37% | 4.87% | 1.64% |
| Q1 2024 | 3.55% | 1.09% | 2.42% | 5.03% | 1.70% |
| Q2 2024 | 3.81% | 1.12% | 2.65% | 5.17% | 1.73% |
| Q3 2024 | 3.84% | 1.11% | 2.69% | 5.33% | 1.71% |
| Q4 2024 | 3.88% | 0.99% | 2.86% | 5.41% | 1.68% |
| Q1 2025 | 3.80% | 0.84% | 2.93% | 5.30% | 1.68% |
| Q2 2025 | 3.94% | 0.74% | 3.18% | 5.44% | 1.65% |
| Q3 2025 | 4.09% | 0.84% | 3.22% | 5.60% | 1.65% |
| Q4 2025 | 4.18% | 0.77% | 3.39% | 5.65% | 1.67% |
| Q1 2026 | 4.12% | 0.69% | 3.42% | 5.53% | 1.68% |
| Q2 2026 | 4.24% | 0.62% | 3.61% | 5.65% | 1.63% |
Farmers & Merchants Bank & Trust 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 & Trust, 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 & Trust profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13737) · FFIEC NIC profile (RSSD 888141)