The 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.
Total interest expense rose 5.6% from Q1 2026 to Q2 2026, ending at $16.4M against $15.6M. It was the largest change among the key lines on this page. Within Ohio, The Farmers & Merchants State Bank is 95th of 156 on net interest margin, 3.52% as of Q2 2026, below the middle of the field. The Farmers & Merchants State Bank reported 3.52% on net interest margin for Q2 2026, 0.19 points below the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.50% |
| Yield on loans | 6.06% |
| Yield on securities | 2.69% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.99% |
| Cost of interest-bearing deposits | 2.48% |
| Cost of interest-bearing liabilities | 2.59% |
| Cost of borrowings | 3.99% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.52% |
| Yield to cost spread | 2.91% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $40.8M |
| Total interest expense | $16.4M |
| Interest expense on deposits | $14.4M |
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 | 4.83% | 2.19% | 2.65% | 5.35% | 1.37% |
| Q4 2023 | 4.93% | 2.34% | 2.60% | 5.40% | 1.38% |
| Q1 2024 | 5.00% | 2.36% | 2.64% | 5.49% | 1.46% |
| Q2 2024 | 5.22% | 2.49% | 2.74% | 5.73% | 1.55% |
| Q3 2024 | 5.27% | 2.54% | 2.75% | 5.78% | 1.78% |
| Q4 2024 | 5.19% | 2.34% | 2.87% | 5.75% | 2.04% |
| Q1 2025 | 5.22% | 2.13% | 3.08% | 5.76% | 2.15% |
| Q2 2025 | 5.52% | 2.21% | 3.30% | 6.06% | 2.25% |
| Q3 2025 | 5.66% | 2.21% | 3.45% | 6.19% | 2.30% |
| Q4 2025 | 5.57% | 2.07% | 3.51% | 6.10% | 2.37% |
| Q1 2026 | 5.41% | 1.94% | 3.46% | 5.89% | 2.39% |
| Q2 2026 | 5.50% | 1.99% | 3.52% | 6.06% | 2.69% |
The 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 The 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 The Farmers & Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 5969) · FFIEC NIC profile (RSSD 214414)