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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

5.93%Q2 ’245.99%Q2 ’255.96%Q2 ’26+8%+6%

Non-interest income vs. expense

1.49%Q2 ’241.45%Q2 ’251.60%Q2 ’26-4%+15%

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 1.64%, up 22 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.61% of loans (-12 bps YoY), with net recoveries of 0.02%.
  • 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 (quarter, annualized)

1.64%+22 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+18 bps YoY

Efficiency Ratio (quarter, annualized)

41.30%+299 bps YoY

Tier 1 Leverage Ratio

11.23%+19 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.42%1.55%1.27%1.75%1.64%+22 bps
Return on Equity13.10%13.79%11.40%15.96%14.65%+154 bps
Net Interest Margin3.20%3.27%3.34%3.39%3.38%+18 bps
Efficiency Ratio38.31%41.44%51.34%36.55%41.30%+299 bps
Non-Interest Burden1.24%1.38%1.75%1.26%1.43%+19 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-0.06%-0.19%-0.09%-0.05%-0.02%+4 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