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Farmers and Merchants Bank

Milford, NE · Cert 16810 · Country Bank Shares Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$1.1BAssets
$232.8MLoans
$885.6MDeposits
$88.0MEquity
Loan mix
84%RE $155.4M16%C&I $29.0M0%Consumer $0.4MQ3 2024Q2 2026
Deposit mix
93%Interest-bearing $824.7M7%Noninterest $60.9MQ3 2024Q2 2026

Market Position · Lincoln, NE · 2026 SOD (annual) · 4.0% share · #7 of 33 inst. · $0.6B of $16.1B

49.1% Seward
28.8% Nuckolls
2.3% Buffalo
5.4% Cass

Executive Summary

  • Earnings: ROA of 0.90%, down 8 bps year over year; NIM at 2.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.64%, down 9 bps from a year ago.
  • Funding: loans stand at 26.29% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.90%-8 bps YoY

Net Interest Margin (quarter, annualized)

2.09%-13 bps YoY

Efficiency Ratio (quarter, annualized)

53.64%-136 bps YoY

Tier 1 Leverage Ratio

10.64%-9 bps YoY

NIM

4.22%Q2 ’244.50%Q2 ’254.15%Q2 ’26+7%-6%

Non-interest income vs. expense

1.43%Q2 ’241.41%Q2 ’251.20%Q2 ’26-21%0%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.61%0.88%1.00%0.98%0.87%0.72%0.87%0.90%-8 bps
Return on Equity7.58%11.30%13.74%13.71%11.37%8.57%10.53%10.97%-274 bps
Net Interest Margin1.86%2.32%2.04%2.21%2.10%2.34%2.06%2.09%-13 bps
Efficiency Ratio71.89%60.10%51.59%55.00%60.75%66.70%53.13%53.64%-136 bps
Non-Interest Burden1.28%1.27%0.97%1.02%1.10%1.48%1.00%1.02%0 bps
Growth
Asset Growth (YoY)9.31%12.30%8.67%6.70%4.13%2.15%7.38%8.44%+174 bps
Loan Growth (YoY)3.01%2.51%-1.92%-7.27%-8.39%-4.06%-3.01%-1.44%+582 bps
Deposit Growth (YoY)8.83%12.37%9.66%8.24%3.34%1.89%7.18%7.03%-121 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.00%0.00%0.00%0.03%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.67%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.55%0.38%0.41%0.41%0.41%0.39%0.42%0.41%+1 bps
Allowance Coverage of NPLs7.1x964.0x964.0x965.0x13.2xn/an/an/an/a
Capital
Tier 1 Leverage Ratio10.05%10.97%9.49%10.73%11.01%11.15%10.74%10.64%-9 bps
Total Risk-Based Capital21.11%21.44%20.48%22.34%21.80%22.40%23.81%21.45%-89 bps
Equity / Assets8.31%7.33%7.22%7.04%8.20%8.51%8.10%8.35%+131 bps
Liquidity & Funding
Loans / Deposits33.00%31.61%28.92%28.55%29.25%29.77%26.18%26.29%-226 bps
Liquid Assets / Assets2.46%1.96%0.79%1.91%0.71%2.78%2.43%2.29%+38 bps
CRE / Total Capitaln/an/an/an/a17.86%17.14%17.25%n/an/a