PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

4.34%Q2 ’244.56%Q2 ’254.90%Q2 ’26+7%+10%

Non-interest income vs. expense

1.73%Q2 ’241.71%Q2 ’251.88%Q2 ’260%+12%

Executive Summary

  • Earnings: ROA of 1.09%, down 2 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 0.98% of loans (+4 bps YoY), with net charge-offs at 0.24%.
  • 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 (quarter, annualized)

1.09%-2 bps YoY

Net Interest Margin (quarter, annualized)

3.07%+29 bps YoY

Efficiency Ratio (quarter, annualized)

55.46%+48 bps YoY

Tier 1 Leverage Ratio

11.56%+87 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.05%1.04%1.07%1.09%-2 bps
Return on Equity18.84%16.39%15.34%15.72%15.67%-317 bps
Net Interest Margin2.78%2.81%2.89%2.79%3.07%+29 bps
Efficiency Ratio54.98%57.99%57.54%55.31%55.46%+48 bps
Non-Interest Burden1.39%1.49%1.53%1.40%1.56%+17 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 / Loans0.02%0.06%-0.06%0.03%0.24%+21 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