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Farmers State Bank

Dublin, GA · Cert 19720 · Farmers Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (4 in holding)

Q2 2026

$156.2MAssets
$124.3MLoans
$134.3MDeposits
$20.3MEquity
Loan mix
85%RE $104.3M7%C&I $9.1M8%Consumer $10.0MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $99.7M26%Noninterest $34.6MQ2 2025Q2 2026

NIM

5.60%Q2 ’246.01%Q2 ’256.18%Q2 ’26+10%+6%

Non-interest income vs. expense

3.05%Q2 ’243.27%Q2 ’253.34%Q2 ’26+9%+3%

Executive Summary

  • Earnings: ROA of 1.69%, up 15 bps year over year; NIM at 5.24%.
  • Asset quality: problem loans at 0.28% of loans (+5 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.92%, up 60 bps from a year ago.
  • Funding: loans stand at 92.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.69%+15 bps YoY

Net Interest Margin (YTD, annualized)

5.24%+29 bps YoY

Efficiency Ratio (YTD, annualized)

60.26%-160 bps YoY

Tier 1 Leverage Ratio

13.92%+60 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.54%1.60%1.66%1.64%1.69%+15 bps
Return on Equity13.03%13.46%13.69%12.94%13.18%+15 bps
Net Interest Margin4.95%4.96%5.12%5.22%5.24%+29 bps
Efficiency Ratio61.86%60.85%60.27%60.72%60.26%-160 bps
Non-Interest Burden2.94%2.89%2.94%3.05%3.04%+10 bps
Growth
Asset Growth (YoY)4.73%5.42%1.65%5.11%1.54%-319 bps
Loan Growth (YoY)-0.67%-0.67%-1.25%4.57%4.01%+468 bps
Deposit Growth (YoY)4.03%5.21%-0.10%4.41%0.24%-379 bps
Asset Quality
Nonperforming Loans / Loans0.23%0.16%0.29%0.06%0.28%+5 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.01%0.01%0 bps
Allowance / Loans2.45%2.46%2.48%2.43%2.43%-1 bps
Allowance Coverage of NPLs10.9x15.3x8.6x41.1x8.8x-2.1x
Capital
Tier 1 Leverage Ratio13.32%13.33%13.85%13.87%13.92%+60 bps
Total Risk-Based Capital18.36%19.00%18.86%19.26%19.36%+100 bps
Equity / Assets11.88%12.26%12.91%12.51%12.98%+110 bps
Liquidity & Funding
Loans / Deposits89.22%88.85%91.44%89.58%92.57%+336 bps
Liquid Assets / Assets8.69%9.84%8.23%9.94%7.52%-117 bps
CRE / Total Capitaln/a276%270%284%n/an/a