Farmers & Merchants State 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 0.59 percentage points in Q2 2026 to 3.85%, the biggest move on this page. Within Iowa, Farmers & Merchants State Bank is 105th of 225 on net interest margin, 3.70% as of Q2 2026, above the middle of the field. Farmers & Merchants State Bank reported 3.70% on net interest margin for Q2 2026, 0.25 points below the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.11% |
| Yield on loans | 6.13% |
| Yield on securities | 3.18% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.53% |
| Cost of interest-bearing deposits | 2.03% |
| Cost of interest-bearing liabilities | 2.06% |
| Cost of borrowings | 3.85% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.70% |
| Yield to cost spread | 3.05% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.5M |
| Total interest expense | $909K |
| Interest expense on deposits | $884K |
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 | 4.35% | 1.03% | 3.41% | 5.48% | 2.35% |
| Q4 2023 | 4.54% | 1.32% | 3.31% | 5.65% | 2.41% |
| Q1 2024 | 4.58% | 1.35% | 3.33% | 5.66% | 2.42% |
| Q2 2024 | 4.70% | 1.45% | 3.36% | 5.81% | 2.46% |
| Q3 2024 | 4.88% | 1.64% | 3.36% | 6.00% | 2.65% |
| Q4 2024 | 4.86% | 1.59% | 3.40% | 5.98% | 2.77% |
| Q1 2025 | 4.78% | 1.49% | 3.41% | 5.85% | 3.01% |
| Q2 2025 | 5.00% | 1.66% | 3.46% | 6.07% | 3.07% |
| Q3 2025 | 5.10% | 1.57% | 3.65% | 6.18% | 3.04% |
| Q4 2025 | 5.05% | 1.50% | 3.65% | 6.13% | 3.00% |
| Q1 2026 | 4.94% | 1.47% | 3.57% | 5.99% | 3.05% |
| Q2 2026 | 5.11% | 1.53% | 3.70% | 6.13% | 3.18% |
Farmers & Merchants State 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 State 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 State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15610) · FFIEC NIC profile (RSSD 145741)