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 $11.5MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $230.1M17%Noninterest $46.8MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.85%0.92%1.01%1.02%1.03%1.07%1.08%+7 bps
Return on Equity14.59%15.35%16.92%18.05%17.31%16.85%15.72%15.60%-245 bps
Net Interest Margin2.57%2.54%2.57%2.68%2.68%2.72%2.79%3.02%+34 bps
Efficiency Ratio64.00%63.01%60.62%57.71%57.81%57.74%55.31%55.39%-232 bps
Non-Interest Burden1.52%1.48%1.43%1.41%1.42%1.44%1.40%1.52%+11 bps
Growth
Asset Growth (YoY)4.52%3.97%4.09%6.56%7.69%6.46%7.71%6.26%-31 bps
Loan Growth (YoY)21.81%18.02%9.35%9.82%6.94%4.57%8.92%4.54%-528 bps
Deposit Growth (YoY)0.47%4.19%3.28%6.04%7.94%4.60%6.81%4.94%-110 bps
Asset Quality
Nonperforming Loans / Loans0.90%0.86%0.84%0.94%0.85%1.06%1.09%0.98%+4 bps
Net Charge-Offs / Loans0.13%0.12%-0.02%0.00%0.02%0.00%0.03%0.13%+13 bps
Allowance / Loans0.94%1.00%1.08%1.09%1.13%1.23%1.24%1.25%+15 bps
Allowance Coverage of NPLs1.0x1.2x1.3x1.2x1.3x1.2x1.1x1.3x+0.1x
Capital
Tier 1 Leverage Ratio10.83%10.47%10.43%10.70%10.72%10.59%10.61%11.56%+87 bps
Total Risk-Based Capital18.08%17.37%17.93%17.55%18.13%10.59%10.61%11.56%-599 bps
Equity / Assets6.86%5.01%5.81%5.99%6.79%6.83%6.74%7.16%+117 bps
Liquidity & Funding
Loans / Deposits46.88%44.32%44.95%46.38%46.45%44.31%45.84%46.21%-18 bps
Liquid Assets / Assets1.46%2.05%2.22%2.77%1.50%2.45%2.50%3.10%+34 bps
CRE / Total Capitaln/an/an/an/a141.16%139.78%135.56%n/an/a