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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 $6.3MQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $80.3M31%Noninterest $36.2MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.03%1.10%1.58%1.47%+35 bps
Return on Equity8.36%7.52%7.94%10.93%10.19%+183 bps
Net Interest Margin4.09%4.21%4.16%4.64%4.41%+32 bps
Efficiency Ratio61.39%63.93%63.44%54.37%55.30%-609 bps
Non-Interest Burden2.43%2.62%2.56%2.43%2.36%-7 bps
Growth
Asset Growth (YoY)4.57%-1.91%-0.78%-0.39%2.33%-224 bps
Loan Growth (YoY)-1.26%-0.24%2.19%2.18%-1.24%+2 bps
Deposit Growth (YoY)3.98%-3.19%-2.27%-1.60%1.68%-230 bps
Asset Quality
Nonperforming Loans / Loans4.36%4.31%4.12%3.95%3.86%-50 bps
Net Charge-Offs / Loans0.26%0.27%0.30%-0.07%0.08%-18 bps
Allowance / Loans2.11%2.16%2.08%2.22%2.32%+21 bps
Allowance Coverage of NPLs0.5x0.5x0.5x0.6x0.6x+0.1x
Capital
Tier 1 Leverage Ratio14.22%14.90%14.57%15.03%14.92%+70 bps
Total Risk-Based Capital14.22%14.90%14.57%15.03%14.92%+70 bps
Equity / Assets13.87%14.65%14.36%14.49%14.44%+57 bps
Liquidity & Funding
Loans / Deposits69.69%72.34%70.94%69.95%67.69%-201 bps
Liquid Assets / Assets7.35%4.45%5.84%5.79%6.83%-53 bps
CRE / Total Capitaln/a48.10%47.40%43.29%n/an/a