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Farmers and Merchants National Bank of Nashville, The

Nashville, IL · Cert 3821 · Farmers&Merchants Bancshares

National charter · OCC · 8 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 IL3

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 IL (n=147 to 149). 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

52

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

71

Q2 2024Q2 2026peer median

Efficiency

56

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 2026-10-10

Farmers and Merchants National Bank of Nashville, The

Nashville, IL · Cert 3821 · Farmers&Merchants Bancshares

National charter · OCC · 8 branches

Q2 2026

$270.3MAssets
$185.2MLoans
$242.6MDeposits
$27.2MEquity
Loan mix
95%RE $160.0M4%C&I $7.5M1%Consumer $1.5MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $190.7M21%Noninterest $51.9MQ2 2025Q2 2026

NIM

4.14%Q2 ’244.45%Q2 ’254.67%Q2 ’26+17%+6%

Non-interest income vs. expense

2.37%Q2 ’242.58%Q2 ’252.73%Q2 ’26+12%+7%

Market Position · St. Louis, MO-IL · 2026 SOD (annual) · 0.0% share · #98 of 111 inst. · $0.0B of $141.7B

36.9% Washington
0.5% St. Clair

Executive Summary

  • Earnings: ROA of 1.28%, up 4 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.61% of loans (+49 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.60%, up 40 bps from a year ago.
  • Funding: loans stand at 76.37% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.28%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+22 bps YoY

Efficiency Ratio (YTD, annualized)

62.50%+13 bps YoY

Tier 1 Leverage Ratio

11.60%+40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.24%1.23%1.23%1.28%+4 bps
Return on Equity14.41%14.19%13.89%12.74%13.04%-137 bps
Net Interest Margin3.64%3.66%3.67%3.80%3.86%+22 bps
Efficiency Ratio62.37%62.14%61.45%62.89%62.50%+13 bps
Non-Interest Burden2.08%2.09%2.07%2.20%2.22%+14 bps
Growth
Asset Growth (YoY)1.08%4.31%6.96%4.12%1.08%0 bps
Loan Growth (YoY)4.64%6.52%7.77%2.64%6.18%+154 bps
Deposit Growth (YoY)7.37%5.51%5.45%3.04%-0.29%-766 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.00%0.81%0.33%0.61%+49 bps
Net Charge-Offs / Loans0.00%0.00%0.05%0.01%0.01%+1 bps
Allowance / Loans1.00%1.00%0.96%1.03%1.02%+1 bps
Allowance Coverage of NPLs8.2xn/a1.2x3.1x1.7x-6.5x
Capital
Tier 1 Leverage Ratio11.19%11.25%11.33%11.61%11.60%+40 bps
Total Risk-Based Capital16.63%16.21%15.88%16.65%16.15%-47 bps
Equity / Assets8.78%8.91%9.60%9.78%10.06%+128 bps
Liquidity & Funding
Loans / Deposits71.72%68.21%75.88%71.20%76.37%+465 bps
Liquid Assets / Assets3.73%6.20%3.41%6.83%3.44%-28 bps
CRE / Total Capitaln/a206%209%193.87%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 2026-10-10

Farmers and Merchants National Bank of Nashville, The

Nashville, IL · Cert 3821 · Peer group: banks under $1B in assets in IL (n=147-149) · Farmers&Merchants Bancshares

National charter · OCC · 8 branches

Q2 2026

$270.3MAssets
$185.2MLoans
$242.6MDeposits
$27.2MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 77% of banks under $1B in assets in IL (rank 34 of 149).
  • Widest gap: equity / assets trails 61% of banks under $1B in assets in IL (rank 91 of 149).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.31%

Rank 41 of 149

Net Interest Margin

3.86%

Rank 34 of 149

Efficiency Ratio

62.50%

Rank 67 of 149

Equity / Assets

10.06%

Rank 91 of 149

Non-interest income vs. expense

$1.4M$7.7MINCOMEEXPENSE
Unfavorable gap of $6.2M · efficiency ratio beats 56% of banks under $1B in assets in IL
Bank 62.50%Peer median 64.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.31%0.74%1.04%1.34%Beats 72%41 / 149
Return on Equity12.99%6.82%9.34%12.94%Beats 75%37 / 149
Net Interest Margin3.86%3.04%3.43%3.83%Beats 77%34 / 149
Efficiency Ratio62.50%54.64%64.55%71.82%Beats 56%67 / 149
Asset Quality
Nonperforming Loans / Loans0.61%0.19%0.65%1.77%Beats 51%73 / 147
Net Charge-Offs / Loans0.00%0.00%0.02%0.07%Beats 72%42 / 147
Capital
Tier 1 Capital Ratio15.26%11.87%14.21%18.66%Beats 58%63 / 149
Total Risk-Based Capital Ratio16.15%12.22%14.72%19.92%Beats 59%61 / 149
Equity / Assets10.06%9.24%10.65%12.40%Beats 39%91 / 149
Liquidity & Funding
Loans / Deposits76.37%53.80%70.99%80.75%65th pctl51 / 147
Loans / Assets68.54%46.03%61.30%67.68%77th pctl35 / 149
Brokered Deposits / Depositsn/aNot reported for this institution