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Farmers and Merchants Bank of Ashland

Ashland, NE · Cert 5377 · Farmers&Merchants Finl Corp.

State charter, Fed member · FED · 4 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 the Omaha, NE-IA area3

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 the Omaha, NE-IA area (n=24). 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

25

Q2 2024Q2 2026peer median (50)

Asset Quality

71

Q2 2024Q2 2026peer median (50)

Profitability

56

Q2 2024Q2 2026peer median (50)

Liquidity

54

Q2 2024Q2 2026peer median

Efficiency

62

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 and Merchants Bank of Ashland

Ashland, NE · Cert 5377 · Farmers&Merchants Finl Corp.

State charter, Fed member · FED · 4 branches

Q2 2026

$152.2MAssets
$115.6MLoans
$128.0MDeposits
$14.6MEquity
Loan mix
88%RE $95.8M10%C&I $11.1M1%Consumer $1.6MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $99.7M22%Noninterest $28.3MQ2 2025Q2 2026

NIM

5.24%Q2 ’245.31%Q2 ’255.53%Q2 ’26-2%+14%

Non-interest income vs. expense

2.86%Q2 ’242.48%Q2 ’252.35%Q2 ’26-16%-3%

Market Position · Omaha, NE-IA · 2026 SOD (annual) · 0.3% share · #39 of 77 inst. · $0.1B of $42.7B

Executive Summary

  • Earnings: ROA of 1.33%, up 39 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.42% of loans (+42 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.00%, up 36 bps from a year ago.
  • Funding: loans stand at 90.28% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.33%+39 bps YoY

Net Interest Margin (YTD, annualized)

3.81%+46 bps YoY

Efficiency Ratio (YTD, annualized)

57.67%-980 bps YoY

Tier 1 Leverage Ratio

10.00%+36 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.94%0.98%1.09%1.33%1.33%+39 bps
Return on Equity11.15%11.30%12.36%13.92%13.92%+277 bps
Net Interest Margin3.35%3.47%3.49%3.80%3.81%+46 bps
Efficiency Ratio67.47%63.99%62.41%61.07%57.67%-980 bps
Non-Interest Burden2.15%2.08%2.02%2.18%2.08%-7 bps
Growth
Asset Growth (YoY)4.71%7.67%6.80%4.31%10.50%+579 bps
Loan Growth (YoY)1.92%7.81%10.43%8.63%5.31%+340 bps
Deposit Growth (YoY)3.98%6.41%5.08%2.79%11.31%+732 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.07%0.00%0.42%+42 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.01%0.99%1.00%1.01%1.02%+1 bps
Allowance Coverage of NPLsn/a1133.0x14.4xn/a2.5xn/a
Capital
Tier 1 Leverage Ratio9.63%9.92%9.66%9.89%10.00%+36 bps
Total Risk-Based Capital9.63%9.92%9.66%9.89%10.00%+36 bps
Equity / Assets9.40%9.36%9.50%9.62%9.60%+19 bps
Liquidity & Funding
Loans / Deposits95.42%95.07%98.04%95.00%90.28%-514 bps
Liquid Assets / Assets2.40%1.73%0.53%2.96%8.20%+580 bps
CRE / Total Capitaln/a240%249%244%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 and Merchants Bank of Ashland

Ashland, NE · Cert 5377 · Peer group: banks under $1B in assets in the Omaha, NE-IA area (n=24) · Farmers&Merchants Finl Corp.

State charter, Fed member · FED · 4 branches

Q2 2026

$152.2MAssets
$115.6MLoans
$128.0MDeposits
$14.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Omaha, NE-IA area (rank 12 of 24).
  • Widest gap: total risk-based capital ratio trails 83% of banks under $1B in assets in the Omaha, NE-IA area (rank 20 of 24).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.29%

Rank 12 of 24

Net Interest Margin

3.81%

Rank 11 of 24

Efficiency Ratio

57.67%

Rank 10 of 24

Equity / Assets

9.60%

Rank 14 of 24

Non-interest income vs. expense

$0.4M$3.5MINCOMEEXPENSE
Unfavorable gap of $3.1M · efficiency ratio beats 62% of banks under $1B in assets in the Omaha, NE-IA area
Bank 57.67%Peer median 59.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.29%0.92%1.29%1.77%Beats 50%12 / 24
Return on Equity13.46%9.64%12.01%15.30%Beats 63%9 / 24
Net Interest Margin3.81%3.02%3.76%3.98%Beats 54%11 / 24
Efficiency Ratio57.67%49.60%59.31%66.55%Beats 62%10 / 24
Asset Quality
Nonperforming Loans / Loans0.42%0.10%0.37%1.03%Beats 42%15 / 24
Net Charge-Offs / Loans0.00%n/a0.00%0.03%Beats 100%12 / 24
Capital
Tier 1 Capital Ratio10.00%10.53%11.57%13.63%Beats 17%20 / 24
Total Risk-Based Capital Ratio10.00%11.15%12.06%13.90%Beats 17%20 / 24
Equity / Assets9.60%8.87%10.14%12.27%Beats 42%14 / 24
Liquidity & Funding
Loans / Deposits90.28%75.32%83.30%93.06%67th pctl8 / 24
Loans / Assets75.94%65.68%71.67%75.94%75th pctl6 / 24
Brokered Deposits / Depositsn/aNot reported for this institution