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Farmers Bank, The

Greensboro, GA · Cert 5709 · Putnam-Greene Financial Corp.

State charter, non-member · FDIC · 3 affiliate banks · 1 branch (7 in holding)

Q2 2026

$148.3MAssets
$96.3MLoans
$132.3MDeposits
$15.2MEquity
Loan mix
94%RE $91.3M3%C&I $3.0M3%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $119.2M10%Noninterest $13.1MQ2 2025Q2 2026

NIM

4.77%Q2 ’245.28%Q2 ’255.74%Q2 ’26+58%+32%

Non-interest income vs. expense

1.56%Q2 ’241.69%Q2 ’252.37%Q2 ’26+11%+44%

Executive Summary

  • Earnings: ROA of 1.04%, up 15 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.05% of loans (+5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.21%, up 152 bps from a year ago.
  • Funding: loans stand at 72.77% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.04%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.79%+92 bps YoY

Efficiency Ratio (YTD, annualized)

60.79%+420 bps YoY

Tier 1 Leverage Ratio

11.21%+152 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.84%0.85%0.95%1.04%+15 bps
Return on Equity12.58%11.25%11.22%11.71%11.89%-69 bps
Net Interest Margin2.87%3.03%3.14%3.34%3.79%+92 bps
Efficiency Ratio56.59%57.59%59.21%61.36%60.79%+420 bps
Non-Interest Burden1.57%1.69%1.81%2.00%2.26%+69 bps
Growth
Asset Growth (YoY)14.82%12.94%1.91%2.96%-13.26%-2,809 bps
Loan Growth (YoY)26.29%16.72%5.79%4.70%-2.64%-2,893 bps
Deposit Growth (YoY)14.82%17.49%5.30%1.52%-16.15%-3,097 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.70%0.74%1.16%0.05%+5 bps
Net Charge-Offs / Loans0.11%0.07%0.06%0.00%0.00%-11 bps
Allowance / Loans1.10%1.24%1.30%1.29%1.36%+27 bps
Allowance Coverage of NPLs1083.0x1.8x1.8x1.1x25.2x-1057.8x
Capital
Tier 1 Leverage Ratio9.69%10.22%10.66%9.81%11.21%+152 bps
Total Risk-Based Capital16.92%17.49%18.57%18.09%19.50%+258 bps
Equity / Assets7.45%8.96%7.88%8.36%10.25%+280 bps
Liquidity & Funding
Loans / Deposits62.67%70.86%56.15%60.49%72.77%+1,010 bps
Liquid Assets / Assets10.83%6.70%9.38%12.12%7.16%-367 bps
CRE / Total Capitaln/a329%303%309%n/an/a