Lodi, CA · Cert 1331 · Farmers&Merchants Bcorp
State charter, non-member · FDIC · 31 branches
Q2 2026
Market Position · Stockton-Lodi, CA · 2026 SOD (annual) · 14.1% share · #4 of 15 inst. · $2.2B of $15.7B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.68% | 1.68% | 1.71% | 1.72% | 1.72% | 1.73% | 1.71% | 1.74% | +2 bps | |
| Return on Equity | 15.57% | 15.59% | 15.82% | 15.54% | 15.54% | 15.46% | 14.93% | 15.04% | -50 bps | |
| Net Interest Margin | 3.85% | 3.86% | 3.93% | 3.83% | 3.88% | 3.83% | 3.98% | 3.95% | +12 bps | |
| Efficiency Ratio | 44.95% | 44.70% | 42.19% | 42.79% | 43.54% | 43.64% | 45.52% | 44.13% | +134 bps | |
| Non-Interest Burden | 1.53% | 1.52% | 1.45% | 1.43% | 1.46% | 1.45% | 1.61% | 1.54% | +12 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.80% | 1.23% | -0.56% | 3.97% | 3.89% | 5.88% | 2.69% | 6.48% | +250 bps | |
| Loan Growth (YoY) | 4.13% | 0.65% | -3.03% | -1.60% | -2.59% | -0.80% | 0.91% | 2.21% | +381 bps | |
| Deposit Growth (YoY) | -0.86% | 0.76% | 0.41% | 3.57% | 4.22% | 5.93% | 2.78% | 6.96% | +339 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.04% | 0.03% | 0.01% | 0.00% | 0.03% | 0.02% | 0.11% | 0.13% | +13 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.02% | 0.02% | 0.04% | 0.06% | 0.05% | 0.00% | 0.01% | -3 bps | |
| Allowance / Loans | 2.05% | 2.05% | 2.10% | 2.10% | 2.11% | 2.09% | 2.13% | 2.09% | -2 bps | |
| Allowance Coverage of NPLs | 51.3x | 81.0x | 390.8x | n/a | 69.8x | 101.8x | 19.2x | 15.6x | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.34% | 10.99% | 11.35% | 11.21% | 11.21% | 10.98% | 11.31% | 11.65% | +45 bps | |
| Total Risk-Based Capital | 14.97% | 14.55% | 15.27% | 15.39% | 15.24% | 15.24% | 15.65% | 16.00% | +61 bps | |
| Equity / Assets | 11.32% | 10.87% | 10.80% | 11.49% | 11.23% | 11.47% | 11.37% | 11.77% | +28 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.61% | 78.16% | 71.94% | 76.05% | 73.47% | 73.19% | 70.63% | 72.68% | -338 bps | |
| Liquid Assets / Assets | 18.06% | 16.94% | 22.44% | 16.93% | 14.86% | 14.10% | 17.59% | 15.13% | -181 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 250% | 252% | 249% | n/a | n/a | |