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First Farmers & Merchants National Bank

Fairmont, MN · Cert 33131 · 215 Holding Co.

National charter · OCC · 5 affiliate banks · 2 branches (24 in holding)

Q2 2026

$140.4MAssets
$116.5MLoans
$115.4MDeposits
$13.9MEquity
Loan mix
79%RE $77.2M16%C&I $16.0M4%Consumer $4.2MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $98.1M15%Noninterest $17.3MQ3 2024Q2 2026

Return on Assets (YTD, annualized)

1.02%+31 bps YoY

Net Interest Margin (YTD, annualized)

4.07%+26 bps YoY

Efficiency Ratio (YTD, annualized)

62.89%-637 bps YoY

Tier 1 Leverage Ratio

10.59%-44 bps YoY

NIM

5.79%Q2 ’245.95%Q2 ’256.01%Q2 ’26+4%+7%

Non-interest income vs. expense

2.75%Q2 ’242.79%Q2 ’252.71%Q2 ’26-1%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Return on Assets0.62%0.62%0.65%0.72%0.71%0.75%0.96%1.02%+31 bps
Net Interest Margin3.51%3.45%3.57%3.81%3.78%3.67%3.86%4.07%+26 bps
Non-Interest Burden2.45%2.39%2.48%2.57%2.51%2.40%2.36%2.47%-10 bps
Loan Growth (YoY)5.81%0.55%1.67%-3.77%-0.66%4.82%9.54%7.32%+1,109 bps
Nonperforming Loans / Loans0.20%0.21%0.21%0.24%0.20%0.17%0.34%0.06%-17 bps
Allowance / Loans1.27%1.34%1.32%1.31%1.33%1.32%1.16%1.19%-12 bps
Tier 1 Leverage Ratio10.33%10.13%10.22%11.03%10.73%10.42%10.07%10.59%-44 bps
Equity / Assets9.23%9.32%9.66%9.89%9.65%9.33%9.52%9.92%+3 bps
Liquid Assets / Assets5.89%10.10%4.14%3.43%4.75%9.77%2.97%3.20%-23 bps