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Farmers and Merchants State Bank, Bloomfield, Nebraska

Bloomfield, NE · Cert 13662 · Lauritzen Investments Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$232.9MAssets
$131.8MLoans
$209.7MDeposits
$21.7MEquity
Loan mix
82%RE $54.5M13%C&I $8.5M6%Consumer $3.7MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $175.7M16%Noninterest $33.9MQ2 2025Q2 2026

NIM

5.36%Q2 ’245.53%Q2 ’255.21%Q2 ’26-2%-4%

Non-interest income vs. expense

1.90%Q2 ’241.79%Q2 ’251.68%Q2 ’26-5%-5%

Executive Summary

  • Earnings: ROA of 1.78%, down 1 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.07% of loans (-71 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.45%, down 23 bps from a year ago.
  • Funding: loans stand at 62.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.78%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.65%-17 bps YoY

Efficiency Ratio (quarter, annualized)

43.59%-50 bps YoY

Tier 1 Leverage Ratio

9.45%-23 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.78%1.74%1.65%1.45%1.78%-1 bps
Return on Equity18.60%18.32%17.63%15.58%19.05%+45 bps
Net Interest Margin3.82%3.98%3.95%3.51%3.65%-17 bps
Efficiency Ratio44.09%46.25%47.16%50.34%43.59%-50 bps
Non-Interest Burden1.55%1.73%1.76%1.61%1.48%-7 bps
Growth
Asset Growth (YoY)4.24%13.27%13.73%9.49%9.24%+500 bps
Loan Growth (YoY)3.43%3.52%4.24%0.64%-3.94%-737 bps
Deposit Growth (YoY)8.98%11.38%8.85%9.74%9.77%+79 bps
Asset Quality
Nonperforming Loans / Loans0.78%0.07%0.05%0.05%0.07%-71 bps
Net Charge-Offs / Loans0.00%0.00%0.05%0.00%0.00%0 bps
Allowance / Loans1.17%1.15%1.12%1.21%1.24%+7 bps
Allowance Coverage of NPLs1.5x16.5x24.4x24.8x17.6x+16.1x
Capital
Tier 1 Leverage Ratio9.68%9.18%9.60%9.63%9.45%-23 bps
Total Risk-Based Capital16.90%15.94%15.79%16.81%18.26%+136 bps
Equity / Assets9.65%9.40%9.31%9.32%9.34%-31 bps
Liquidity & Funding
Loans / Deposits71.83%77.17%78.00%66.86%62.86%-897 bps
Liquid Assets / Assets4.80%0.18%0.12%9.54%5.43%+63 bps
CRE / Total Capitaln/a60.21%59.23%58.01%n/an/a