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Farmers and Merchants Bank

Sylvania, GA · Cert 16440 · Screven Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$170.7MAssets
$59.5MLoans
$145.6MDeposits
$24.4MEquity
Loan mix
91%RE $56.1M5%C&I $2.9M4%Consumer $2.7MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $108.1M26%Noninterest $37.5MQ2 2025Q2 2026

NIM

4.99%Q2 ’245.05%Q2 ’254.98%Q2 ’26+1%-3%

Non-interest income vs. expense

1.91%Q2 ’241.80%Q2 ’251.75%Q2 ’26-5%-3%

Executive Summary

  • Earnings: ROA of 2.14%, down 4 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.21% of loans (-13 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 16.16%, up 68 bps from a year ago.
  • Funding: loans stand at 40.84% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

2.14%-4 bps YoY

Net Interest Margin (quarter, annualized)

4.06%-11 bps YoY

Efficiency Ratio (quarter, annualized)

38.72%-2 bps YoY

Tier 1 Leverage Ratio

16.16%+68 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.18%2.18%1.90%1.96%2.14%-4 bps
Return on Equity17.20%16.28%13.84%14.42%15.20%-200 bps
Net Interest Margin4.17%4.21%4.16%4.02%4.06%-11 bps
Efficiency Ratio38.74%38.57%38.38%41.32%38.72%-2 bps
Non-Interest Burden1.32%1.32%1.31%1.41%1.28%-4 bps
Growth
Asset Growth (YoY)3.56%-0.68%1.72%1.93%1.08%-248 bps
Loan Growth (YoY)16.95%24.33%18.72%8.91%1.44%-1,550 bps
Deposit Growth (YoY)2.41%-2.12%-0.75%0.46%-0.60%-301 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.28%0.25%0.21%0.21%-13 bps
Net Charge-Offs / Loans-0.01%0.00%0.01%-0.01%0.01%+1 bps
Allowance / Loans1.68%1.58%1.65%1.78%1.94%+26 bps
Allowance Coverage of NPLs5.0x5.5x6.6x8.6x9.3x+4.3x
Capital
Tier 1 Leverage Ratio15.48%15.46%15.68%15.61%16.16%+68 bps
Total Risk-Based Capital15.48%15.46%15.68%15.61%16.16%+68 bps
Equity / Assets12.87%13.93%13.48%13.77%14.32%+146 bps
Liquidity & Funding
Loans / Deposits40.02%46.20%44.12%42.73%40.84%+82 bps
Liquid Assets / Assets18.62%11.01%16.04%16.94%16.67%-195 bps
CRE / Total Capitaln/a126.76%130.14%129.37%n/an/a