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.
Total interest expense climbed 13.9% in Q2 2026, from $1.9M to $2.2M. It was the largest change from Q1 2026 among the key lines here. Among 225 Iowa banks, Farmers & Merchants Savings Bank sits 15th from the top on net interest margin, 4.42% as of Q2 2026. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers & Merchants Savings Bank sits 0.47 points higher, at 4.42% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.89% |
| Yield on loans | 6.85% |
| Yield on securities | 3.16% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.66% |
| Cost of interest-bearing deposits | 2.11% |
| Cost of interest-bearing liabilities | 2.26% |
| Cost of borrowings | 3.71% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.42% |
| Yield to cost spread | 3.63% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $7.7M |
| Total interest expense | $2.2M |
| Interest expense on deposits | $2.0M |
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 | 5.13% | 1.70% | 3.63% | 6.26% | 1.43% |
| Q4 2023 | 5.39% | 1.88% | 3.66% | 6.36% | 1.54% |
| Q1 2024 | 5.26% | 1.97% | 3.50% | 6.47% | 1.78% |
| Q2 2024 | 5.38% | 2.01% | 3.61% | 6.61% | 1.93% |
| Q3 2024 | 5.39% | 2.17% | 3.47% | 6.84% | 1.97% |
| Q4 2024 | 5.54% | 2.12% | 3.69% | 6.94% | 2.00% |
| Q1 2025 | 5.48% | 1.91% | 3.79% | 6.71% | 2.23% |
| Q2 2025 | 5.50% | 1.84% | 3.87% | 6.81% | 2.41% |
| Q3 2025 | 6.14% | 1.73% | 4.62% | 7.48% | 2.66% |
| Q4 2025 | 5.83% | 1.59% | 4.43% | 6.82% | 3.05% |
| Q1 2026 | 5.76% | 1.51% | 4.43% | 6.72% | 3.16% |
| Q2 2026 | 5.89% | 1.66% | 4.42% | 6.85% | 3.16% |
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 9298) · FFIEC NIC profile (RSSD 863746)