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Farmers and Merchants Bank

Maysville, OK · Cert 4144

State charter, non-member · FDIC · 1 branch

Q2 2026

$22.0MAssets
$12.2MLoans
$19.6MDeposits
$2.4MEquity
Loan mix
57%RE $5.2M36%C&I $3.3M7%Consumer $0.6MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $13.1M33%Noninterest $6.5MQ2 2025Q2 2026

NIM

7.17%Q2 ’246.14%Q2 ’255.76%Q2 ’26-17%-10%

Non-interest income vs. expense

4.69%Q2 ’243.94%Q2 ’253.80%Q2 ’26-18%-1%

Executive Summary

  • Earnings: ROA of 1.46%, up 255 bps year over year; NIM at 5.10%.
  • Asset quality: problem loans at 1.61% of loans (-268 bps YoY), with net charge-offs at 1.08%.
  • Capital: tier 1 leverage ratio of 10.89%, up 158 bps from a year ago.
  • Funding: loans stand at 62.26% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.46%+255 bps YoY

Net Interest Margin (quarter, annualized)

5.10%-58 bps YoY

Efficiency Ratio (quarter, annualized)

70.81%+570 bps YoY

Tier 1 Leverage Ratio

10.89%+158 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-1.10%1.47%1.61%1.30%1.46%+255 bps
Return on Equity-12.19%15.94%16.70%12.52%13.62%+2,581 bps
Net Interest Margin5.68%5.87%5.36%5.06%5.10%-58 bps
Efficiency Ratio65.10%67.33%68.58%71.48%70.81%+570 bps
Non-Interest Burden3.57%3.86%3.58%3.52%3.53%-4 bps
Growth
Asset Growth (YoY)-6.08%2.40%0.97%-5.52%-1.40%+468 bps
Loan Growth (YoY)-9.93%-17.23%-11.97%-9.52%-5.52%+442 bps
Deposit Growth (YoY)-8.00%0.69%-0.89%-7.44%-2.38%+561 bps
Asset Quality
Nonperforming Loans / Loans4.29%4.12%3.68%3.65%1.61%-268 bps
Net Charge-Offs / Loans6.07%0.00%-0.58%-0.21%1.08%-499 bps
Allowance / Loans3.07%3.46%3.42%3.46%2.90%-17 bps
Allowance Coverage of NPLs0.7x0.8x0.9x0.9x1.8x+1.1x
Capital
Tier 1 Leverage Ratio9.30%9.67%9.95%10.40%10.89%+158 bps
Total Risk-Based Capital16.04%9.67%9.95%10.40%10.89%-515 bps
Equity / Assets9.37%9.10%10.23%10.49%10.93%+156 bps
Liquidity & Funding
Loans / Deposits64.32%52.67%57.76%58.35%62.26%-207 bps
Liquid Assets / Assets13.85%9.70%10.35%12.81%13.00%-85 bps
CRE / Total Capitaln/a63.83%68.36%66.41%n/an/a