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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 $2.6MQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $119.2M10%Noninterest $13.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.11%, up 21 bps year over year; NIM at 3.85%.
  • 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.

Return on Assets (quarter, annualized)

1.11%+21 bps YoY

Net Interest Margin (quarter, annualized)

3.85%+88 bps YoY

Efficiency Ratio (quarter, annualized)

60.23%+298 bps YoY

Tier 1 Leverage Ratio

11.21%+152 bps YoY

NIM

4.82%Q2 ’245.40%Q2 ’255.70%Q2 ’26+55%+29%

Non-interest income vs. expense

1.50%Q2 ’241.76%Q2 ’252.38%Q2 ’26+9%+38%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.73%0.59%0.88%0.90%0.73%0.93%0.95%1.11%+21 bps
Return on Equity8.68%7.58%12.85%12.28%8.93%11.10%11.71%12.07%-21 bps
Net Interest Margin2.29%2.67%2.77%2.97%3.14%3.29%3.34%3.85%+88 bps
Efficiency Ratio73.83%68.26%55.88%57.25%59.48%63.81%61.36%60.23%+298 bps
Non-Interest Burden1.47%1.82%1.50%1.66%1.82%2.06%2.00%2.28%+63 bps
Growth
Asset Growth (YoY)12.38%13.88%8.05%14.82%12.94%1.91%2.96%-13.26%-2,809 bps
Loan Growth (YoY)32.70%30.06%25.67%26.29%16.72%5.79%4.70%-2.64%-2,893 bps
Deposit Growth (YoY)7.65%8.91%7.31%14.82%17.49%5.30%1.52%-16.15%-3,097 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.16%0.06%0.00%0.70%0.74%1.16%0.05%+5 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.22%0.00%0.00%0.00%0.00%-22 bps
Allowance / Loans1.20%1.17%1.17%1.10%1.24%1.30%1.29%1.36%+27 bps
Allowance Coverage of NPLsn/a7.5x19.5x1083.0x1.8x1.8x1.1x25.2x-1057.8x
Capital
Tier 1 Leverage Ratio11.22%10.71%9.53%9.69%10.22%10.66%9.81%11.21%+152 bps
Total Risk-Based Capital19.16%18.59%18.14%16.92%17.49%18.57%18.09%19.50%+258 bps
Equity / Assets9.32%6.56%7.20%7.45%8.96%7.88%8.36%10.25%+280 bps
Liquidity & Funding
Loans / Deposits71.33%55.89%58.65%62.67%70.86%56.15%60.49%72.77%+1,010 bps
Liquid Assets / Assets1.57%6.40%7.96%10.83%6.70%9.38%12.12%7.16%-367 bps
CRE / Total Capitaln/an/an/an/a329%303%309%n/an/a