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Farmers and Merchants Bank, The

Caldwell, OH · Cert 10280 · Farmmerc Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in OH3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in OH (n=68 to 71). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

64

Q2 2024Q2 2026peer median (50)

Asset Quality

4

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

55

Q2 2024Q2 2026peer median

Efficiency

77

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers and Merchants Bank, The

Caldwell, OH · Cert 10280 · Farmmerc Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$136.4MAssets
$78.8MLoans
$116.5MDeposits
$19.7MEquity
Loan mix
85%RE $68.3M7%C&I $5.6M8%Consumer $6.3MQ3 2024Q2 2026
Deposit mix
69%Interest-bearing $80.3M31%Noninterest $36.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.47%, up 35 bps year over year; NIM at 4.41%.
  • Asset quality: problem loans at 3.86% of loans (-50 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 14.92%, up 70 bps from a year ago.
  • Funding: loans stand at 67.69% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.47%+35 bps YoY

Net Interest Margin (YTD, annualized)

4.41%+32 bps YoY

Efficiency Ratio (YTD, annualized)

55.30%-609 bps YoY

Tier 1 Leverage Ratio

14.92%+70 bps YoY

NIM

4.78%Q2 ’245.05%Q2 ’255.18%Q2 ’26+5%+8%

Non-interest income vs. expense

2.64%Q2 ’242.64%Q2 ’252.54%Q2 ’26+1%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.84%0.94%0.89%1.12%1.03%1.10%1.58%1.47%+35 bps
Return on Equity6.18%6.99%6.74%8.36%7.52%7.94%10.93%10.19%+183 bps
Net Interest Margin3.73%3.65%3.79%4.09%4.21%4.16%4.64%4.41%+32 bps
Efficiency Ratio66.65%65.38%65.40%61.39%63.93%63.44%54.37%55.30%-609 bps
Non-Interest Burden2.41%2.30%2.40%2.43%2.62%2.56%2.43%2.36%-7 bps
Growth
Asset Growth (YoY)10.71%10.78%9.43%4.57%-1.91%-0.78%-0.39%2.33%-224 bps
Loan Growth (YoY)4.17%0.83%-0.32%-1.26%-0.24%2.19%2.18%-1.24%+2 bps
Deposit Growth (YoY)10.56%11.62%9.69%3.98%-3.19%-2.27%-1.60%1.68%-230 bps
Asset Quality
Nonperforming Loans / Loans3.58%4.31%4.70%4.36%4.31%4.12%3.95%3.86%-50 bps
Net Charge-Offs / Loans0.30%0.27%0.19%0.26%0.27%0.30%-0.07%0.08%-18 bps
Allowance / Loans1.96%1.99%2.09%2.11%2.16%2.08%2.22%2.32%+21 bps
Allowance Coverage of NPLs0.5x0.5x0.4x0.5x0.5x0.5x0.6x0.6x+0.1x
Capital
Tier 1 Leverage Ratio14.44%13.86%14.18%14.22%14.90%14.57%15.03%14.92%+70 bps
Total Risk-Based Capital14.44%13.86%14.18%14.22%14.90%14.57%15.03%14.92%+70 bps
Equity / Assets13.51%13.01%13.44%13.87%14.65%14.36%14.49%14.44%+57 bps
Liquidity & Funding
Loans / Deposits70.20%67.85%67.36%69.69%72.34%70.94%69.95%67.69%-201 bps
Liquid Assets / Assets6.24%11.73%9.08%7.35%4.45%5.84%5.79%6.83%-53 bps
CRE / Total Capitaln/an/an/an/a48.10%47.40%43.29%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Farmers and Merchants Bank, The

Caldwell, OH · Cert 10280 · Peer group: banks under $1B in assets in OH (n=68-71) · Farmmerc Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$136.4MAssets
$78.8MLoans
$116.5MDeposits
$19.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 89% of banks under $1B in assets in OH (rank 8 of 71).
  • Widest gap: nonperforming loans / loans trails 99% of banks under $1B in assets in OH (rank 68 of 68).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.45%

Rank 14 of 71

Net Interest Margin

4.41%

Rank 8 of 71

Efficiency Ratio

55.30%

Rank 17 of 71

Equity / Assets

14.44%

Rank 14 of 71

Non-interest income vs. expense

$0.3M$3.5MINCOMEEXPENSE
Unfavorable gap of $3.2M · efficiency ratio beats 77% of banks under $1B in assets in OH
Bank 55.30%Peer median 70.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.45%0.62%1.02%1.39%Beats 80%14 / 71
Return on Equity10.07%5.62%10.07%13.60%Beats 49%36 / 71
Net Interest Margin4.41%2.93%3.56%4.07%Beats 89%8 / 71
Efficiency Ratio55.30%55.94%70.77%78.80%Beats 77%17 / 71
Asset Quality
Nonperforming Loans / Loans3.86%0.08%0.27%0.97%Beats 1%68 / 68
Net Charge-Offs / Loans0.12%n/a0.00%0.05%Beats 7%64 / 68
Capital
Tier 1 Capital Ratio14.92%11.18%13.77%20.34%Beats 59%29 / 71
Total Risk-Based Capital Ratio14.92%12.08%14.34%21.24%Beats 54%33 / 71
Equity / Assets14.44%8.41%10.74%13.32%Beats 80%14 / 71
Liquidity & Funding
Loans / Deposits67.69%64.48%76.81%87.49%32nd pctl46 / 68
Loans / Assets57.80%55.33%65.58%72.51%32nd pctl48 / 71
Brokered Deposits / Depositsn/aNot reported for this institution