First Farmers & Merchants 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 Cost of borrowings: 0.99 percentage points lower than in Q1 2026, at 0.00%. Within Minnesota, First Farmers & Merchants Bank is 88th of 221 on net interest margin, 4.21% 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. First Farmers & Merchants Bank sits 0.26 points higher, at 4.21% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.34% |
| Yield on loans | 6.67% |
| Yield on securities | 2.68% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.22% |
| Cost of interest-bearing deposits | 1.48% |
| Cost of interest-bearing liabilities | 1.48% |
| Cost of borrowings | 0.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.21% |
| Yield to cost spread | 3.86% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.1M |
| Total interest expense | $1.3M |
| Interest expense on deposits | $1.3M |
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 | 4.07% | 1.34% | 2.82% | 5.95% | 1.01% |
| Q4 2023 | 4.21% | 1.45% | 2.86% | 6.13% | 1.01% |
| Q1 2024 | 4.35% | 1.70% | 2.75% | 6.23% | 1.02% |
| Q2 2024 | 4.47% | 1.68% | 2.90% | 6.40% | 1.01% |
| Q3 2024 | 4.60% | 1.73% | 3.00% | 6.55% | 1.04% |
| Q4 2024 | 4.72% | 1.53% | 3.30% | 6.52% | 1.22% |
| Q1 2025 | 4.79% | 1.27% | 3.61% | 6.46% | 1.53% |
| Q2 2025 | 5.07% | 1.31% | 3.85% | 6.63% | 1.84% |
| Q3 2025 | 5.22% | 1.38% | 3.94% | 6.77% | 2.11% |
| Q4 2025 | 5.21% | 1.34% | 3.98% | 6.73% | 2.36% |
| Q1 2026 | 5.22% | 1.24% | 4.07% | 6.62% | 2.49% |
| Q2 2026 | 5.34% | 1.22% | 4.21% | 6.67% | 2.68% |
First Farmers & Merchants 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 First Farmers & Merchants 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 First Farmers & Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 10168) · FFIEC NIC profile (RSSD 217059)