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.
Net interest margin rose 0.18 percentage points from Q1 2026 to Q2 2026, ending at 3.50% against 3.32%. It was the largest change among the key lines on this page. Within Wisconsin, Farmers & Merchants State Bank is 115th of 153 on net interest margin, 3.50% as of Q2 2026, below the middle of the field. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers & Merchants State Bank sits 0.45 points lower, at 3.50% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.44% |
| Yield on loans | 5.67% |
| Yield on securities | 3.14% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.15% |
| Cost of interest-bearing deposits | 2.28% |
| Cost of interest-bearing liabilities | 2.58% |
| Cost of borrowings | 3.91% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.50% |
| Yield to cost spread | 2.86% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.0M |
| Total interest expense | $1.2M |
| Interest expense on deposits | $840K |
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 | 4.32% | 1.93% | 2.57% | 4.62% | 1.99% |
| Q4 2023 | 4.47% | 1.96% | 2.70% | 4.74% | 1.92% |
| Q1 2024 | 4.60% | 2.14% | 2.63% | 4.81% | 1.88% |
| Q2 2024 | 4.79% | 2.27% | 2.72% | 4.98% | 1.89% |
| Q3 2024 | 4.90% | 2.40% | 2.71% | 5.06% | 1.99% |
| Q4 2024 | 4.99% | 2.43% | 2.80% | 5.22% | 2.60% |
| Q1 2025 | 4.99% | 2.39% | 2.82% | 5.22% | 2.91% |
| Q2 2025 | 5.16% | 2.37% | 3.01% | 5.37% | 3.18% |
| Q3 2025 | 5.20% | 2.32% | 3.11% | 5.41% | 3.17% |
| Q4 2025 | 5.32% | 2.24% | 3.32% | 5.55% | 3.18% |
| Q1 2026 | 5.26% | 2.16% | 3.32% | 5.50% | 3.20% |
| Q2 2026 | 5.44% | 2.15% | 3.50% | 5.67% | 3.14% |
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 13242) · FFIEC NIC profile (RSSD 79145)