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Farmers and Merchants Bank

Lafayette, AL · Cert 13887 · Farmers&Merchants Bancshares

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets operating in a single state (n=743 to 746). 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

19

Q2 2024Q2 2026peer median (50)

Asset Quality

23

Q2 2024Q2 2026peer median (50)

Profitability

51

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

76

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 and Merchants Bank

Lafayette, AL · Cert 13887 · Farmers&Merchants Bancshares

State charter, non-member · FDIC · 3 branches

Q2 2026

$307.6MAssets
$127.9MLoans
$276.9MDeposits
$22.0MEquity
Loan mix
75%RE $93.5M16%C&I $20.4M9%Consumer $11.5MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $230.1M17%Noninterest $46.8MQ2 2025Q2 2026

NIM

4.26%Q2 ’244.45%Q2 ’254.84%Q2 ’26+6%+13%

Non-interest income vs. expense

1.86%Q2 ’241.74%Q2 ’251.86%Q2 ’26-7%+8%

Executive Summary

  • Earnings: ROA of 1.08%, up 7 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.98% of loans (+4 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 11.56%, up 87 bps from a year ago.
  • Funding: loans stand at 46.21% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.08%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.02%+34 bps YoY

Efficiency Ratio (YTD, annualized)

55.39%-232 bps YoY

Tier 1 Leverage Ratio

11.56%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.01%1.02%1.03%1.07%1.08%+7 bps
Return on Equity18.05%17.31%16.85%15.72%15.60%-245 bps
Net Interest Margin2.68%2.68%2.72%2.79%3.02%+34 bps
Efficiency Ratio57.71%57.81%57.74%55.31%55.39%-232 bps
Non-Interest Burden1.41%1.42%1.44%1.40%1.52%+11 bps
Growth
Asset Growth (YoY)6.56%7.69%6.46%7.71%6.26%-31 bps
Loan Growth (YoY)9.82%6.94%4.57%8.92%4.54%-528 bps
Deposit Growth (YoY)6.04%7.94%4.60%6.81%4.94%-110 bps
Asset Quality
Nonperforming Loans / Loans0.94%0.85%1.06%1.09%0.98%+4 bps
Net Charge-Offs / Loans0.00%0.02%0.00%0.03%0.13%+13 bps
Allowance / Loans1.09%1.13%1.23%1.24%1.25%+15 bps
Allowance Coverage of NPLs1.2x1.3x1.2x1.1x1.3x+0.1x
Capital
Tier 1 Leverage Ratio10.70%10.72%10.59%10.61%11.56%+87 bps
Total Risk-Based Capital17.55%18.13%10.59%10.61%11.56%-599 bps
Equity / Assets5.99%6.79%6.83%6.74%7.16%+117 bps
Liquidity & Funding
Loans / Deposits46.38%46.45%44.31%45.84%46.21%-18 bps
Liquid Assets / Assets2.77%1.50%2.45%2.50%3.10%+34 bps
CRE / Total Capitaln/a141.16%139.78%135.56%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 and Merchants Bank

Lafayette, AL · Cert 13887 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Farmers&Merchants Bancshares

State charter, non-member · FDIC · 3 branches

Q2 2026

$307.6MAssets
$127.9MLoans
$276.9MDeposits
$22.0MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 83% of banks under $1B in assets operating in a single state (rank 127 of 746).
  • Widest gap: equity / assets trails 92% of banks under $1B in assets operating in a single state (rank 687 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.07%

Rank 366 of 746

Net Interest Margin

3.02%

Rank 609 of 746

Efficiency Ratio

55.39%

Rank 182 of 746

Equity / Assets

7.16%

Rank 687 of 746

Non-interest income vs. expense

$1.0M$5.7MINCOMEEXPENSE
Unfavorable gap of $4.6M · efficiency ratio beats 76% of banks under $1B in assets operating in a single state
Bank 55.39%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.07%0.72%1.06%1.45%Beats 51%366 / 746
Return on Equity14.98%6.74%10.51%13.63%Beats 83%127 / 746
Net Interest Margin3.02%3.17%3.68%4.16%Beats 18%609 / 746
Efficiency Ratio55.39%55.74%64.58%75.47%Beats 76%182 / 746
Asset Quality
Nonperforming Loans / Loans0.98%0.09%0.42%1.07%Beats 28%538 / 743
Net Charge-Offs / Loans0.09%0.00%0.01%0.05%Beats 17%619 / 743
Capital
Tier 1 Capital Ratio11.56%11.55%13.75%17.60%Beats 25%559 / 746
Total Risk-Based Capital Ratio11.56%11.71%14.33%18.43%Beats 23%574 / 746
Equity / Assets7.16%8.90%10.51%13.06%Beats 8%687 / 746
Liquidity & Funding
Loans / Deposits46.21%61.31%78.27%90.78%10th pctl673 / 746
Loans / Assets41.58%53.60%66.97%76.08%11th pctl662 / 746
Brokered Deposits / Depositsn/aNot reported for this institution