Farmers & Merchants State Bank of New York Mills, Incorporated: 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 climbed 4.37 percentage points in Q2 2026, from 0.00% to 4.37%. It was the largest change from Q1 2026 among the key lines here. Farmers & Merchants State Bank of New York Mills, Incorporated ranks 188th of 221 Minnesota banks on net interest margin, in the lower half at 3.25% (Q2 2026). The median for banks in the < $100M asset tier is 3.89% on net interest margin. Farmers & Merchants State Bank of New York Mills, Incorporated sits 0.64 points lower, at 3.25% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.00% |
| Yield on loans | 7.79% |
| Yield on securities | 2.77% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.93% |
| Cost of interest-bearing deposits | 2.46% |
| Cost of interest-bearing liabilities | 2.47% |
| Cost of borrowings | 4.37% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.25% |
| Yield to cost spread | 2.53% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $700K |
| Total interest expense | $357K |
| Interest expense on deposits | $345K |
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 | 4.21% | 1.72% | 2.64% | 6.96% | 2.14% |
| Q4 2023 | 4.30% | 1.81% | 2.54% | 6.98% | 2.16% |
| Q1 2024 | 4.34% | 2.08% | 2.44% | 7.01% | 2.15% |
| Q2 2024 | 4.29% | 2.01% | 2.48% | 6.89% | 2.18% |
| Q3 2024 | 4.61% | 2.10% | 2.72% | 7.55% | 2.18% |
| Q4 2024 | 4.27% | 2.08% | 2.40% | 7.11% | 1.89% |
| Q1 2025 | 4.45% | 1.94% | 2.67% | 7.41% | 2.03% |
| Q2 2025 | 4.58% | 1.89% | 2.86% | 7.60% | 2.18% |
| Q3 2025 | 4.79% | 1.96% | 3.11% | 7.68% | 2.53% |
| Q4 2025 | 4.80% | 1.88% | 3.11% | 7.66% | 2.69% |
| Q1 2026 | 4.88% | 1.87% | 3.20% | 7.68% | 2.63% |
| Q2 2026 | 5.00% | 1.93% | 3.25% | 7.79% | 2.77% |
Farmers & Merchants State Bank of New York Mills, Incorporated 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 of New York Mills, Incorporated, 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 of New York Mills, Incorporated profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 9340) · FFIEC NIC profile (RSSD 721752)