Farmers & Merchants State Bank of Springfield: 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, Yield on loans rose 0.60 percentage points in Q2 2026 to 6.40%, the biggest move on this page. Within Minnesota, Farmers & Merchants State Bank of Springfield is 99th of 221 on net interest margin, 4.13% as of Q2 2026, above 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 of Springfield sits 0.18 points higher, at 4.13% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.43% |
| Yield on loans | 6.22% |
| Yield on securities | 3.58% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.36% |
| Cost of interest-bearing deposits | 1.55% |
| Cost of interest-bearing liabilities | 1.65% |
| Cost of borrowings | 3.36% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.13% |
| Yield to cost spread | 3.78% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.4M |
| Total interest expense | $436K |
| Interest expense on deposits | $388K |
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 | 4.53% | 1.08% | 3.49% | 6.38% | 1.48% |
| Q4 2023 | 4.85% | 1.31% | 3.60% | 6.50% | 1.44% |
| Q1 2024 | 4.93% | 1.45% | 3.54% | 6.57% | 1.39% |
| Q2 2024 | 5.14% | 1.37% | 3.83% | 6.66% | 1.51% |
| Q3 2024 | 5.17% | 1.41% | 3.86% | 6.51% | 1.81% |
| Q4 2024 | 5.63% | 1.31% | 4.39% | 6.85% | 2.23% |
| Q1 2025 | 5.52% | 1.38% | 4.23% | 6.53% | 2.30% |
| Q2 2025 | 5.81% | 1.29% | 4.59% | 6.71% | 2.49% |
| Q3 2025 | 5.76% | 1.29% | 4.53% | 6.77% | 2.91% |
| Q4 2025 | 5.77% | 1.41% | 4.44% | 6.70% | 3.47% |
| Q1 2026 | 5.17% | 1.29% | 3.94% | 5.95% | 3.55% |
| Q2 2026 | 5.43% | 1.36% | 4.13% | 6.22% | 3.58% |
Farmers & Merchants State Bank of Springfield 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 Springfield, 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 Springfield profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13382) · FFIEC NIC profile (RSSD 770451)