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Farmers and Merchants Bank

De Leon, TX · Cert 3170 · F&M Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in TX3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in TX (n=208 to 211). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

41

Q2 2024Q2 2026peer median (50)

Asset Quality

56

Q2 2024Q2 2026peer median (50)

Profitability

58

Q2 2024Q2 2026peer median (50)

Liquidity

92

Q2 2024Q2 2026peer median

Efficiency

66

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers and Merchants Bank

De Leon, TX · Cert 3170 · F&M Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$269.8MAssets
$148.0MLoans
$232.9MDeposits
$34.0MEquity
Loan mix
93%RE $108.4M5%C&I $5.8M2%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
65%Interest-bearing $151.2M35%Noninterest $81.7MQ2 2025Q2 2026

NIM

5.02%Q2 ’244.95%Q2 ’255.08%Q2 ’260%+1%

Non-interest income vs. expense

2.88%Q2 ’242.63%Q2 ’252.55%Q2 ’26-9%-4%

Executive Summary

  • Earnings: ROA of 1.49%, up 4 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Capital: tier 1 leverage ratio of 11.97%, down 94 bps from a year ago.
  • Funding: loans stand at 63.54% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.49%+4 bps YoY

Net Interest Margin (YTD, annualized)

4.06%+3 bps YoY

Efficiency Ratio (YTD, annualized)

56.83%-273 bps YoY

Tier 1 Leverage Ratio

11.97%-94 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.45%1.75%1.68%1.45%1.49%+4 bps
Return on Equity10.79%13.08%12.56%11.04%11.50%+71 bps
Net Interest Margin4.03%3.85%3.91%4.17%4.06%+3 bps
Efficiency Ratio59.55%57.80%58.65%58.28%56.83%-273 bps
Non-Interest Burden2.24%2.07%2.15%2.27%2.15%-9 bps
Growth
Asset Growth (YoY)55.07%43.73%39.96%39.43%10.61%-4,445 bps
Loan Growth (YoY)28.48%37.63%38.82%42.56%16.22%-1,227 bps
Deposit Growth (YoY)49.98%45.63%41.00%40.68%10.16%-3,982 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.02%0.32%+32 bps
Allowance / Loans1.51%1.42%1.40%1.41%1.25%-25 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.91%12.18%12.53%12.27%11.97%-94 bps
Total Risk-Based Capital12.91%12.18%12.53%12.27%11.97%-94 bps
Equity / Assets12.21%13.11%13.28%13.05%12.61%+41 bps
Liquidity & Funding
Loans / Deposits60.23%64.01%66.65%64.30%63.54%+331 bps
Liquid Assets / Assets11.20%10.06%7.68%10.48%12.57%+137 bps
CRE / Total Capitaln/a124.60%135.64%151.27%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Farmers and Merchants Bank

De Leon, TX · Cert 3170 · Peer group: banks under $1B in assets in TX (n=208-211) · F&M Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$269.8MAssets
$148.0MLoans
$232.9MDeposits
$34.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in TX (rank 44 of 208).
  • Widest gap: net charge-offs / loans trails 89% of banks under $1B in assets in TX (rank 186 of 208).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.42%

Rank 70 of 211

Net Interest Margin

4.06%

Rank 82 of 211

Efficiency Ratio

57.65%

Rank 73 of 211

Equity / Assets

12.61%

Rank 64 of 211

Non-interest income vs. expense

$1.1M$6.8MINCOMEEXPENSE
Unfavorable gap of $5.7M · efficiency ratio beats 66% of banks under $1B in assets in TX
Bank 57.65%Peer median 64.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.42%0.87%1.20%1.65%Beats 67%70 / 211
Return on Equity11.27%7.52%11.67%14.58%Beats 47%112 / 211
Net Interest Margin4.06%3.28%3.82%4.31%Beats 61%82 / 211
Efficiency Ratio57.65%53.01%64.18%73.65%Beats 66%73 / 211
Asset Quality
Nonperforming Loans / Loans0.00%0.01%0.30%1.10%Beats 100%44 / 208
Net Charge-Offs / Loans0.16%0.00%0.01%0.06%Beats 11%186 / 208
Capital
Tier 1 Capital Ratio11.97%11.72%14.45%19.57%Beats 26%156 / 211
Total Risk-Based Capital Ratio11.97%11.94%14.78%20.30%Beats 26%157 / 211
Equity / Assets12.61%9.41%11.06%12.94%Beats 70%64 / 211
Liquidity & Funding
Loans / Deposits63.54%45.39%66.56%82.03%44th pctl117 / 208
Loans / Assets54.86%39.13%56.90%70.46%43rd pctl121 / 211
Brokered Deposits / Depositsn/aNot reported for this institution