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Merchants and Farmers Bank

Dumas, AR · Cert 8735 · M&F Financial Corp.

State charter, Fed member · FED · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

39

Q2 2024Q2 2026peer median (50)

Asset Quality

18

Q2 2024Q2 2026peer median (50)

Profitability

71

Q2 2024Q2 2026peer median (50)

Liquidity

53

Q2 2024Q2 2026peer median

Efficiency

58

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

Merchants and Farmers Bank

Dumas, AR · Cert 8735 · M&F Financial Corp.

State charter, Fed member · FED · 3 branches

Q2 2026

$297.6MAssets
$233.9MLoans
$255.9MDeposits
$29.3MEquity
Loan mix
80%RE $156.0M17%C&I $33.3M3%Consumer $5.0MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $217.5M15%Noninterest $38.4MQ2 2025Q2 2026

NIM

6.29%Q2 ’246.74%Q2 ’256.44%Q2 ’26+12%-6%

Non-interest income vs. expense

3.00%Q2 ’242.97%Q2 ’253.18%Q2 ’26+3%+9%

Market Position · Little Rock-North Little Rock-Conway, AR · 2026 SOD (annual) · 0.2% share · #29 of 42 inst. · $0.1B of $36.9B

36.1% Desha
3.2% Saline

Executive Summary

  • Earnings: ROA of 1.22%, down 38 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 2.40% of loans (+197 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 10.74%, down 18 bps from a year ago.
  • Funding: loans stand at 91.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.22%-38 bps YoY

Net Interest Margin (YTD, annualized)

4.40%-27 bps YoY

Efficiency Ratio (YTD, annualized)

65.32%+757 bps YoY

Tier 1 Leverage Ratio

10.74%-18 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.60%1.53%1.48%1.17%1.22%-38 bps
Return on Equity15.64%14.82%14.42%11.50%12.17%-348 bps
Net Interest Margin4.67%4.52%4.59%4.30%4.40%-27 bps
Efficiency Ratio57.75%59.64%60.16%67.16%65.32%+757 bps
Non-Interest Burden2.50%2.51%2.56%2.74%2.71%+21 bps
Growth
Asset Growth (YoY)9.49%9.27%6.42%8.40%9.23%-27 bps
Loan Growth (YoY)10.31%9.34%5.93%7.96%6.75%-355 bps
Deposit Growth (YoY)9.92%9.78%6.73%13.81%10.37%+45 bps
Asset Quality
Nonperforming Loans / Loans0.43%0.71%1.50%3.42%2.40%+197 bps
Net Charge-Offs / Loans0.08%0.07%0.18%0.07%0.11%+3 bps
Allowance / Loans1.31%1.31%1.37%1.26%1.27%-4 bps
Allowance Coverage of NPLs3.1x1.9x0.9x0.4x0.5x-2.6x
Capital
Tier 1 Leverage Ratio10.92%10.79%10.20%10.62%10.74%-18 bps
Total Risk-Based Capital14.18%14.19%13.89%13.60%13.58%-60 bps
Equity / Assets10.28%10.45%10.25%10.07%9.86%-42 bps
Liquidity & Funding
Loans / Deposits94.52%95.23%95.69%88.78%91.42%-310 bps
Liquid Assets / Assets0.59%0.55%0.53%0.31%0.35%-24 bps
CRE / Total Capitaln/a327%334%362%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

Merchants and Farmers Bank

Dumas, AR · Cert 8735 · Peer group: banks under $1B in assets (n=581-629) · M&F Financial Corp.

State charter, Fed member · FED · 3 branches

Q2 2026

$297.6MAssets
$233.9MLoans
$255.9MDeposits
$29.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 87% of banks under $1B in assets (rank 82 of 629).
  • Widest gap: nonperforming loans / loans trails 90% of banks under $1B in assets (rank 521 of 581).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.17%

Rank 254 of 629

Net Interest Margin

4.40%

Rank 82 of 629

Efficiency Ratio

65.32%

Rank 267 of 629

Equity / Assets

9.86%

Rank 389 of 629

Non-interest income vs. expense

$1.3M$8.9MINCOMEEXPENSE
Unfavorable gap of $7.6M · efficiency ratio beats 58% of banks under $1B in assets
Bank 65.32%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.17%0.60%1.01%1.45%Beats 60%254 / 629
Return on Equity11.83%5.38%9.30%13.28%Beats 66%217 / 629
Net Interest Margin4.40%3.03%3.54%4.05%Beats 87%82 / 629
Efficiency Ratio65.32%58.35%67.79%79.08%Beats 58%267 / 629
Asset Quality
Nonperforming Loans / Loans2.40%0.09%0.46%1.20%Beats 10%521 / 581
Net Charge-Offs / Loans0.06%n/a0.01%0.06%Beats 26%434 / 581
Capital
Tier 1 Capital Ratio12.33%11.24%13.84%18.77%Beats 37%399 / 629
Total Risk-Based Capital Ratio13.58%11.58%14.43%19.66%Beats 43%356 / 629
Equity / Assets9.86%9.09%10.65%13.80%Beats 38%389 / 629
Liquidity & Funding
Loans / Deposits91.42%67.24%80.90%93.48%72nd pctl167 / 594
Loans / Assets78.61%53.31%67.71%78.15%76th pctl148 / 629
Brokered Deposits / Depositsn/aNot reported for this institution