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Farmers and Merchants Bank

Arnett, OK · Cert 13415

State charter, non-member · FDIC · 1 branch

Q2 2026

$80.3MAssets
$24.5MLoans
$69.9MDeposits
$10.0MEquity
Loan mix
40%RE $6.7M24%C&I $4.0M36%Consumer $6.1MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $54.0M23%Noninterest $15.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.22%, down 4 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.42% of loans (+38 bps YoY), with net charge-offs at 0.85%.
  • Capital: tier 1 leverage ratio of 13.00%, up 3 bps from a year ago.
  • Funding: loans stand at 35.09% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.22%-4 bps YoY

Net Interest Margin (YTD, annualized)

3.04%-12 bps YoY

Efficiency Ratio (YTD, annualized)

48.66%-188 bps YoY

Tier 1 Leverage Ratio

13.00%+3 bps YoY

NIM

4.79%Q2 ’244.78%Q2 ’254.53%Q2 ’26+1%-4%

Non-interest income vs. expense

1.59%Q2 ’241.72%Q2 ’251.60%Q2 ’26+10%-8%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.47%1.32%1.30%1.26%1.30%1.25%1.22%1.22%-4 bps
Return on Equity12.41%11.21%11.03%10.65%10.76%10.32%9.96%9.93%-72 bps
Net Interest Margin3.25%3.17%3.11%3.16%3.16%3.13%3.04%3.04%-12 bps
Efficiency Ratio46.45%51.36%49.22%50.54%49.17%50.57%46.64%48.66%-188 bps
Non-Interest Burden1.37%1.51%1.41%1.48%1.44%1.47%1.28%1.35%-13 bps
Growth
Asset Growth (YoY)9.05%9.41%9.07%6.37%8.84%9.69%7.49%5.28%-109 bps
Loan Growth (YoY)7.06%5.87%1.38%4.02%6.10%8.13%4.16%-2.94%-696 bps
Deposit Growth (YoY)7.07%9.31%8.51%5.49%8.98%8.93%7.13%4.96%-53 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.08%0.08%0.04%0.02%0.35%0.30%0.42%+38 bps
Net Charge-Offs / Loans-0.11%-0.03%0.00%0.03%0.13%0.26%1.32%0.85%+82 bps
Allowance / Loans2.04%2.01%2.07%2.02%2.03%1.91%1.80%1.84%-18 bps
Allowance Coverage of NPLsn/a25.4x24.9x50.9x128.5x5.5x6.0x4.3x-46.6x
Capital
Tier 1 Leverage Ratio13.14%12.93%12.79%12.97%13.06%13.06%12.93%13.00%+3 bps
Total Risk-Based Capital13.14%12.93%12.79%12.97%13.06%13.06%12.93%13.00%+3 bps
Equity / Assets12.60%11.84%11.66%12.13%12.54%12.49%11.99%12.43%+31 bps
Liquidity & Funding
Loans / Deposits38.31%37.75%35.22%37.95%37.30%37.47%34.24%35.09%-286 bps
Liquid Assets / Assets20.20%17.28%20.99%13.49%16.21%12.40%14.84%12.41%-108 bps
CRE / Total Capitaln/an/an/an/a25.33%24.70%25.57%n/an/a