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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

$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

4.19%Q2 ’244.52%Q2 ’254.71%Q2 ’26+18%+6%

Non-interest income vs. expense

2.41%Q2 ’242.58%Q2 ’252.73%Q2 ’26+10%+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 1.32%, up 5 bps year over year; NIM at 3.91%.
  • 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 (quarter, annualized)

1.32%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.91%+21 bps YoY

Efficiency Ratio (quarter, annualized)

62.11%+36 bps YoY

Tier 1 Leverage Ratio

11.60%+40 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.24%1.19%1.23%1.32%+5 bps
Return on Equity14.38%14.03%12.86%12.74%13.28%-110 bps
Net Interest Margin3.70%3.77%3.78%3.80%3.91%+21 bps
Efficiency Ratio61.74%61.68%59.48%62.89%62.11%+36 bps
Non-Interest Burden2.10%2.15%2.04%2.20%2.24%+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%0.21%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