PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $1.6MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $99.7M22%Noninterest $28.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.55%0.56%1.13%0.94%0.98%1.09%1.33%1.33%+39 bps
Return on Equity6.81%6.91%14.24%11.15%11.30%12.36%13.92%13.92%+277 bps
Net Interest Margin3.30%3.29%3.19%3.35%3.47%3.49%3.80%3.81%+46 bps
Efficiency Ratio78.73%79.39%63.04%67.47%63.99%62.41%61.07%57.67%-980 bps
Non-Interest Burden2.53%2.55%1.85%2.15%2.08%2.02%2.18%2.08%-7 bps
Growth
Asset Growth (YoY)8.47%8.36%9.58%4.71%7.67%6.80%4.31%10.50%+579 bps
Loan Growth (YoY)4.42%2.64%1.71%1.92%7.81%10.43%8.63%5.31%+340 bps
Deposit Growth (YoY)13.65%16.14%14.19%3.98%6.41%5.08%2.79%11.31%+732 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.07%0.00%0.42%+42 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.01%1.01%1.01%1.01%0.99%1.00%1.01%1.02%+1 bps
Allowance Coverage of NPLsn/an/an/an/a1133.0x14.4xn/a2.5xn/a
Capital
Tier 1 Leverage Ratio8.40%8.42%8.34%9.63%9.92%9.66%9.89%10.00%+36 bps
Total Risk-Based Capital14.12%14.32%14.84%9.63%9.92%9.66%9.89%10.00%+36 bps
Equity / Assets8.00%7.97%7.96%9.40%9.36%9.50%9.62%9.60%+19 bps
Liquidity & Funding
Loans / Deposits93.84%93.30%89.90%95.42%95.07%98.04%95.00%90.28%-514 bps
Liquid Assets / Assets3.65%3.58%6.91%2.40%1.73%0.53%2.96%8.20%+580 bps
CRE / Total Capitaln/an/an/an/a240%249%244%n/an/a