First Farmers & Merchants National 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 largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.34 percentage points to 4.25%. Within Minnesota, First Farmers & Merchants National Bank is 82nd of 221 on net interest margin, 4.25% as of Q2 2026, above the middle of the field. First Farmers & Merchants National Bank reported 4.25% on net interest margin for Q2 2026, 0.30 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.16% |
| Yield on loans | 6.76% |
| Yield on securities | 2.50% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.11% |
| Cost of interest-bearing deposits | 2.40% |
| Cost of interest-bearing liabilities | 2.44% |
| Cost of borrowings | 3.35% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.25% |
| Yield to cost spread | 3.72% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.0M |
| Total interest expense | $664K |
| Interest expense on deposits | $601K |
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 | 5.56% | 1.58% | 4.12% | 6.44% | 0.95% |
| Q4 2023 | 5.68% | 1.73% | 4.11% | 6.53% | 0.95% |
| Q1 2024 | 5.67% | 2.19% | 3.68% | 6.54% | 0.95% |
| Q2 2024 | 5.83% | 2.50% | 3.56% | 6.69% | 0.95% |
| Q3 2024 | 6.00% | 2.64% | 3.59% | 6.86% | 1.01% |
| Q4 2024 | 5.85% | 2.50% | 3.56% | 6.69% | 1.04% |
| Q1 2025 | 5.75% | 2.32% | 3.63% | 6.51% | 1.08% |
| Q2 2025 | 6.00% | 2.32% | 3.89% | 6.71% | 1.23% |
| Q3 2025 | 6.12% | 2.37% | 3.97% | 6.90% | 1.64% |
| Q4 2025 | 6.00% | 2.26% | 3.94% | 6.81% | 1.75% |
| Q1 2026 | 5.88% | 2.16% | 3.91% | 6.64% | 2.09% |
| Q2 2026 | 6.16% | 2.11% | 4.25% | 6.76% | 2.50% |
First Farmers & Merchants National 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 National 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 National Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 33131) · FFIEC NIC profile (RSSD 1470150)