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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

$269.8MAssets
$148.0MLoans
$232.9MDeposits
$34.0MEquity
Loan mix
93%RE $108.4M5%C&I $5.8M2%Consumer $2.6MQ3 2024Q2 2026
Deposit mix
65%Interest-bearing $151.2M35%Noninterest $81.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.53%, down 13 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.62%.
  • 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.

Return on Assets (quarter, annualized)

1.53%-13 bps YoY

Net Interest Margin (quarter, annualized)

4.19%-47 bps YoY

Efficiency Ratio (quarter, annualized)

55.45%-240 bps YoY

Tier 1 Leverage Ratio

11.97%-94 bps YoY

NIM

5.20%Q2 ’245.80%Q2 ’255.27%Q2 ’26+11%-10%

Non-interest income vs. expense

3.11%Q2 ’242.98%Q2 ’252.57%Q2 ’26-7%-14%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.19%1.31%1.27%1.66%2.16%1.44%1.45%1.53%-13 bps
Return on Equity9.70%9.04%8.88%12.71%17.04%10.89%11.04%11.95%-76 bps
Net Interest Margin4.22%4.22%4.19%4.67%4.31%4.33%4.17%4.19%-47 bps
Efficiency Ratio64.41%61.30%61.90%57.85%54.89%60.88%58.28%55.45%-240 bps
Non-Interest Burden2.57%2.43%2.45%2.52%2.16%2.49%2.27%2.16%-36 bps
Growth
Asset Growth (YoY)12.26%13.25%16.72%55.07%43.73%39.96%39.43%10.61%-4,445 bps
Loan Growth (YoY)4.34%2.11%0.91%28.48%37.63%38.82%42.56%16.22%-1,227 bps
Deposit Growth (YoY)4.67%6.88%10.39%49.98%45.63%41.00%40.68%10.16%-3,982 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.40%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.02%0.01%0.00%0.00%0.04%0.02%0.62%+62 bps
Allowance / Loans1.64%1.65%1.63%1.51%1.42%1.40%1.41%1.25%-25 bps
Allowance Coverage of NPLsn/a4.1xn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio15.34%14.94%15.02%12.91%12.18%12.53%12.27%11.97%-94 bps
Total Risk-Based Capital26.04%26.91%15.02%12.91%12.18%12.53%12.27%11.97%-94 bps
Equity / Assets14.71%14.37%14.27%12.21%13.11%13.28%13.05%12.61%+41 bps
Liquidity & Funding
Loans / Deposits67.74%67.70%63.45%60.23%64.01%66.65%64.30%63.54%+331 bps
Liquid Assets / Assets11.04%11.09%15.01%11.20%10.06%7.68%10.48%12.57%+137 bps
CRE / Total Capitaln/an/an/an/a124.60%135.64%151.27%n/an/a