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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 1.49%, 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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.16%1.20%1.27%1.45%1.75%1.68%1.45%1.49%+4 bps
Return on Equity10.61%10.31%8.88%10.79%13.08%12.56%11.04%11.50%+71 bps
Net Interest Margin3.95%3.88%4.19%4.03%3.85%3.91%4.17%4.06%+3 bps
Efficiency Ratio64.52%63.65%61.90%59.55%57.80%58.65%58.28%56.83%-273 bps
Non-Interest Burden2.41%2.33%2.45%2.24%2.07%2.15%2.27%2.15%-9 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 / Loans0.01%0.00%0.01%0.00%0.00%0.01%0.02%0.32%+32 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