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Farmers & Merchants Bank of Colby

Colby, KS · Cert 34719 · Security Bancshares Inc.

State charter, non-member · FDIC · 5 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 KS3

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 KS (n=98). 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

28

Q2 2024Q2 2026peer median (50)

Asset Quality

69

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

99

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 & Merchants Bank of Colby

Colby, KS · Cert 34719 · Security Bancshares Inc.

State charter, non-member · FDIC · 2 affiliate banks · 5 branches (12 in holding)

Q2 2026

$650.8MAssets
$480.5MLoans
$511.3MDeposits
$73.7MEquity
Loan mix
76%RE $246.8M23%C&I $75.5M0%Consumer $1.4MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $428.4M16%Noninterest $82.9MQ2 2025Q2 2026

NIM

5.80%Q2 ’245.87%Q2 ’255.90%Q2 ’26+3%+8%

Non-interest income vs. expense

1.53%Q2 ’241.45%Q2 ’251.50%Q2 ’26-5%+5%

Market Position · Denver-Aurora-Centennial, CO · 2026 SOD (annual) · 0.0% share · #56 of 68 inst. · $0.0B of $113.6B

60.8% Thomas
11.2% Kit Carson
0.6% Adams
5.6% Cheyenne

Executive Summary

  • Earnings: ROA of 1.69%, up 29 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.61% of loans (-12 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 11.23%, up 19 bps from a year ago.
  • Funding: loans stand at 93.96% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.69%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.35%+25 bps YoY

Efficiency Ratio (YTD, annualized)

38.95%-104 bps YoY

Tier 1 Leverage Ratio

11.23%+19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.40%1.45%1.40%1.75%1.69%+29 bps
Return on Equity13.06%13.29%12.83%15.96%15.27%+222 bps
Net Interest Margin3.09%3.13%3.11%3.39%3.35%+25 bps
Efficiency Ratio39.99%40.50%43.41%36.55%38.95%-104 bps
Non-Interest Burden1.27%1.30%1.38%1.26%1.33%+6 bps
Growth
Asset Growth (YoY)14.14%10.14%12.29%7.57%9.92%-422 bps
Loan Growth (YoY)16.68%12.54%16.60%12.00%10.27%-640 bps
Deposit Growth (YoY)16.84%13.63%15.08%8.62%11.77%-506 bps
Asset Quality
Nonperforming Loans / Loans0.74%1.25%0.66%0.00%0.61%-12 bps
Net Charge-Offs / Loans-0.04%-0.09%-0.08%-0.05%-0.04%0 bps
Allowance / Loans0.92%0.95%1.02%1.02%0.99%+8 bps
Allowance Coverage of NPLs1.2x0.8x1.5xn/a1.6x+0.4x
Capital
Tier 1 Leverage Ratio11.03%11.33%11.01%11.05%11.23%+19 bps
Total Risk-Based Capital11.03%11.33%11.01%11.05%11.23%+19 bps
Equity / Assets10.99%11.46%10.77%11.10%11.33%+34 bps
Liquidity & Funding
Loans / Deposits95.24%95.57%91.24%92.58%93.96%-128 bps
Liquid Assets / Assets1.63%1.57%1.44%1.80%1.54%-8 bps
CRE / Total Capitaln/a209%213%217%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 & Merchants Bank of Colby

Colby, KS · Cert 34719 · Peer group: banks under $1B in assets in KS (n=98) · Security Bancshares Inc.

State charter, non-member · FDIC · 2 affiliate banks · 5 branches (12 in holding)

Q2 2026

$650.8MAssets
$480.5MLoans
$511.3MDeposits
$73.7MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in KS (rank 36 of 98).
  • Widest gap: total risk-based capital ratio trails 83% of banks under $1B in assets in KS (rank 81 of 98).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.67%

Rank 17 of 98

Net Interest Margin

3.35%

Rank 67 of 98

Efficiency Ratio

42.92%

Rank 2 of 98

Equity / Assets

11.33%

Rank 50 of 98

Non-interest income vs. expense

$1.1M$9.8MINCOMEEXPENSE
Unfavorable gap of $8.7M · efficiency ratio beats 99% of banks under $1B in assets in KS
Bank 42.92%Peer median 58.9%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.67%1.03%1.24%1.54%Beats 83%17 / 98
Return on Equity14.73%8.85%11.58%14.73%Beats 74%25 / 98
Net Interest Margin3.35%3.24%3.62%3.91%Beats 32%67 / 98
Efficiency Ratio42.92%51.87%58.88%64.74%Beats 99%2 / 98
Asset Quality
Nonperforming Loans / Loans0.61%0.01%0.33%1.05%Beats 37%63 / 98
Net Charge-Offs / Loans0.00%n/a0.00%0.03%Beats 100%36 / 98
Capital
Tier 1 Capital Ratio11.23%11.81%13.71%17.33%Beats 17%81 / 98
Total Risk-Based Capital Ratio11.23%11.81%14.13%17.45%Beats 17%81 / 98
Equity / Assets11.33%8.60%11.34%13.10%Beats 49%50 / 98
Liquidity & Funding
Loans / Deposits93.96%57.09%69.84%82.47%92nd pctl8 / 98
Loans / Assets73.82%49.34%58.31%68.94%87th pctl13 / 98
Brokered Deposits / Depositsn/aNot reported for this institution