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Farmers & Merchants Bank of Central California

Lodi, CA · Cert 1331 · Farmers&Merchants Bcorp

State charter, non-member · FDIC · 31 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

74

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

80

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

92

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 & Merchants Bank of Central California

Lodi, CA · Cert 1331 · Farmers&Merchants Bcorp

State charter, non-member · FDIC · 31 branches

Q2 2026

$5.8BAssets
$3.7BLoans
$5.1BDeposits
$686.8MEquity
Loan mix
85%RE $2.7B14%C&I $0.5B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $3.5B31%Noninterest $1.6BQ2 2025Q2 2026

NIM

4.93%Q2 ’244.87%Q2 ’254.95%Q2 ’26+3%+3%

Non-interest income vs. expense

1.80%Q2 ’241.80%Q2 ’251.90%Q2 ’26-2%+8%

Market Position · Stockton-Lodi, CA · 2026 SOD (annual) · 14.1% share · #4 of 15 inst. · $2.2B of $15.7B

14.1% San Joaquin
9.4% Stanislaus
1.1% Sacramento
0.9% Contra Costa

Executive Summary

  • Earnings: ROA of 1.74%, up 2 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.13% of loans (+13 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.65%, up 45 bps from a year ago.
  • Funding: loans stand at 72.68% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.74%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+12 bps YoY

Efficiency Ratio (YTD, annualized)

44.13%+134 bps YoY

Tier 1 Leverage Ratio

11.65%+45 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.72%1.72%1.73%1.71%1.74%+2 bps
Return on Equity15.54%15.54%15.46%14.93%15.04%-50 bps
Net Interest Margin3.83%3.88%3.83%3.98%3.95%+12 bps
Efficiency Ratio42.79%43.54%43.64%45.52%44.13%+134 bps
Non-Interest Burden1.43%1.46%1.45%1.61%1.54%+12 bps
Growth
Asset Growth (YoY)3.97%3.89%5.88%2.69%6.48%+250 bps
Loan Growth (YoY)-1.60%-2.59%-0.80%0.91%2.21%+381 bps
Deposit Growth (YoY)3.57%4.22%5.93%2.78%6.96%+339 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.02%0.11%0.13%+13 bps
Net Charge-Offs / Loans0.04%0.06%0.05%0.00%0.01%-3 bps
Allowance / Loans2.10%2.11%2.09%2.13%2.09%-2 bps
Allowance Coverage of NPLsn/a69.8x101.8x19.2x15.6xn/a
Capital
Tier 1 Leverage Ratio11.21%11.21%10.98%11.31%11.65%+45 bps
Total Risk-Based Capital15.39%15.24%15.24%15.65%16.00%+61 bps
Equity / Assets11.49%11.23%11.47%11.37%11.77%+28 bps
Liquidity & Funding
Loans / Deposits76.05%73.47%73.19%70.63%72.68%-338 bps
Liquid Assets / Assets16.93%14.86%14.10%17.59%15.13%-181 bps
CRE / Total Capitaln/a250%252%249%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 & Merchants Bank of Central California

Lodi, CA · Cert 1331 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Farmers&Merchants Bcorp

State charter, non-member · FDIC · 31 branches

Q2 2026

$5.8BAssets
$3.7BLoans
$5.1BDeposits
$686.8MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 92% of banks $1B-$10B in assets operating in a single state (rank 22 of 257).
  • Widest gap: net charge-offs / loans trails 42% of banks $1B-$10B in assets operating in a single state (rank 110 of 258).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.72%

Rank 34 of 258

Net Interest Margin

3.95%

Rank 56 of 258

Efficiency Ratio

44.32%

Rank 22 of 257

Equity / Assets

11.77%

Rank 61 of 258

Non-interest income vs. expense

$20.6M$110.0MINCOMEEXPENSE
Unfavorable gap of $89.4M · efficiency ratio beats 92% of banks $1B-$10B in assets operating in a single state
Bank 44.32%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.72%0.93%1.23%1.54%Beats 87%34 / 258
Return on Equity14.62%9.26%11.84%14.74%Beats 74%66 / 258
Net Interest Margin3.95%3.16%3.49%3.88%Beats 78%56 / 258
Efficiency Ratio44.32%51.71%60.30%69.65%Beats 92%22 / 257
Asset Quality
Nonperforming Loans / Loans0.13%0.19%0.46%0.90%Beats 82%48 / 258
Net Charge-Offs / Loans0.02%0.01%0.02%0.07%Beats 58%110 / 258
Capital
Tier 1 Capital Ratio14.74%11.41%12.98%15.12%Beats 73%70 / 258
Total Risk-Based Capital Ratio16.00%12.10%13.91%16.08%Beats 74%66 / 258
Equity / Assets11.77%9.09%10.24%11.72%Beats 76%61 / 258
Liquidity & Funding
Loans / Deposits72.68%73.24%86.34%95.95%24th pctl197 / 258
Loans / Assets63.48%63.01%72.27%78.40%26th pctl190 / 258
Brokered Deposits / Depositsn/aNot reported for this institution