Farmers & Merchants Savings 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.
Cost of borrowings dropped 2.11 percentage points in Q2 2026, from 7.04% to 4.92%. It was the largest change from Q1 2026 among the key lines here. Farmers & Merchants Savings Bank ranks 134th of 225 Iowa banks on net interest margin, in the lower half at 3.53% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers & Merchants Savings Bank sits 0.42 points lower, at 3.53% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.18% |
| Yield on loans | 5.88% |
| Yield on securities | 3.55% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.80% |
| Cost of interest-bearing deposits | 2.28% |
| Cost of interest-bearing liabilities | 2.37% |
| Cost of borrowings | 4.92% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.53% |
| Yield to cost spread | 2.81% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.2M |
| Total interest expense | $479K |
| Interest expense on deposits | $450K |
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% | 1.34% | 3.12% | 4.98% | 2.95% |
| Q4 2023 | 9.61% | 2.76% | 7.07% | 8.96% | 10.72% |
| Q1 2024 | 4.42% | 1.65% | 2.95% | 5.06% | 2.70% |
| Q2 2024 | 4.59% | 1.73% | 3.03% | 5.25% | 2.67% |
| Q3 2024 | 4.66% | 1.81% | 3.03% | 5.42% | 2.62% |
| Q4 2024 | 4.78% | 1.63% | 3.12% | 5.56% | 2.65% |
| Q1 2025 | 4.73% | 1.57% | 3.16% | 5.43% | 3.02% |
| Q2 2025 | 4.82% | 1.72% | 3.31% | 5.53% | 3.26% |
| Q3 2025 | 5.00% | 1.76% | 3.38% | 5.76% | 3.37% |
| Q4 2025 | 5.00% | 1.87% | 3.32% | 5.71% | 3.51% |
| Q1 2026 | 5.01% | 1.50% | 3.35% | 5.67% | 3.58% |
| Q2 2026 | 5.18% | 1.80% | 3.53% | 5.88% | 3.55% |
Farmers & Merchants Savings 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 Savings 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 Savings Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 10492) · FFIEC NIC profile (RSSD 673244)