Farmers & Merchants Union 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.
The standout move of Q2 2026 was in Total interest expense: 10.3% higher than in Q1 2026, at $3.7M. Within Wisconsin, Farmers & Merchants Union Bank is 46th of 153 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 Union Bank sits 0.18 points higher, at 4.13% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.97% |
| Yield on loans | 6.58% |
| Yield on securities | 3.50% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.88% |
| Cost of interest-bearing deposits | 2.30% |
| Cost of interest-bearing liabilities | 2.33% |
| Cost of borrowings | 3.38% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.13% |
| Yield to cost spread | 3.64% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $10.7M |
| Total interest expense | $3.7M |
| Interest expense on deposits | $3.6M |
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 | 5.01% | 1.76% | 3.47% | 5.76% | 2.24% |
| Q4 2023 | 5.21% | 2.05% | 3.46% | 5.98% | 2.24% |
| Q1 2024 | 5.25% | 2.09% | 3.44% | 6.03% | 2.24% |
| Q2 2024 | 5.47% | 2.37% | 3.45% | 6.23% | 2.31% |
| Q3 2024 | 5.68% | 2.44% | 3.58% | 6.48% | 2.29% |
| Q4 2024 | 5.49% | 2.15% | 3.54% | 6.35% | 2.16% |
| Q1 2025 | 5.56% | 2.15% | 3.66% | 6.16% | 2.34% |
| Q2 2025 | 6.45% | 2.39% | 4.30% | 7.25% | 2.36% |
| Q3 2025 | 6.13% | 2.18% | 4.17% | 6.87% | 2.31% |
| Q4 2025 | 6.04% | 1.95% | 4.33% | 6.77% | 2.37% |
| Q1 2026 | 5.78% | 1.91% | 4.01% | 6.39% | 3.16% |
| Q2 2026 | 5.97% | 1.88% | 4.13% | 6.58% | 3.50% |
Farmers & Merchants Union 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 Union 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 Union Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 14445) · FFIEC NIC profile (RSSD 51842)