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Farmers & Merchants Bank

Eatonton, GA · Cert 9069 · Putnam-Greene Financial Corp.

State charter, non-member · FDIC · 2 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 GA3

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 GA (n=58 to 59). 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

54

Q2 2024Q2 2026peer median (50)

Asset Quality

66

Q2 2024Q2 2026peer median (50)

Profitability

12

Q2 2024Q2 2026peer median (50)

Liquidity

33

Q2 2024Q2 2026peer median

Efficiency

22

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 2026-10-10

Farmers & Merchants Bank

Eatonton, GA · Cert 9069 · Putnam-Greene Financial Corp.

State charter, non-member · FDIC · 3 affiliate banks · 2 branches (7 in holding)

Q2 2026

$289.6MAssets
$142.6MLoans
$258.6MDeposits
$28.7MEquity
Loan mix
93%RE $112.9M2%C&I $2.4M5%Consumer $6.6MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $162.1M37%Noninterest $96.5MQ2 2025Q2 2026

NIM

3.97%Q2 ’244.52%Q2 ’254.34%Q2 ’26+5%+12%

Non-interest income vs. expense

2.03%Q2 ’241.91%Q2 ’252.21%Q2 ’26-3%+16%

Executive Summary

  • Earnings: ROA of 0.55%, down 5 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.74% of loans (+57 bps YoY), with net recoveries of 0.10%.
  • Capital: tier 1 leverage ratio of 11.20%, up 177 bps from a year ago.
  • Funding: loans stand at 55.17% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.55%-5 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+29 bps YoY

Efficiency Ratio (YTD, annualized)

72.89%+234 bps YoY

Tier 1 Leverage Ratio

11.20%+177 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.60%0.64%0.63%0.37%0.55%-5 bps
Return on Equity8.40%8.42%8.10%4.03%5.81%-259 bps
Net Interest Margin2.48%2.63%2.74%2.61%2.77%+29 bps
Efficiency Ratio70.55%66.51%66.53%79.18%72.89%+234 bps
Non-Interest Burden1.68%1.67%1.74%2.01%1.95%+27 bps
Growth
Asset Growth (YoY)16.54%-2.16%-6.78%-9.66%-8.44%-2,498 bps
Loan Growth (YoY)-1.53%-13.27%-15.38%-12.75%14.55%+1,608 bps
Deposit Growth (YoY)20.83%-3.30%-9.22%-12.20%-10.75%-3,158 bps
Asset Quality
Nonperforming Loans / Loans0.17%1.57%1.06%0.84%0.74%+57 bps
Net Charge-Offs / Loans0.01%-0.02%-0.02%-0.10%-0.10%-11 bps
Allowance / Loans1.64%1.76%1.65%1.68%1.49%-15 bps
Allowance Coverage of NPLs9.5x1.1x1.6x2.0x2.0x-7.5x
Capital
Tier 1 Leverage Ratio9.43%10.10%10.74%10.86%11.20%+177 bps
Total Risk-Based Capital20.44%21.21%21.60%21.35%19.76%-68 bps
Equity / Assets7.79%8.80%8.90%9.56%9.91%+213 bps
Liquidity & Funding
Loans / Deposits42.98%43.43%42.46%45.50%55.17%+1,218 bps
Liquid Assets / Assets25.56%23.77%25.58%21.64%12.43%-1,313 bps
CRE / Total Capitaln/a286%284%287%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 2026-10-10

Farmers & Merchants Bank

Eatonton, GA · Cert 9069 · Peer group: banks under $1B in assets in GA (n=58-59) · Putnam-Greene Financial Corp.

State charter, non-member · FDIC · 3 affiliate banks · 2 branches (7 in holding)

Q2 2026

$289.6MAssets
$142.6MLoans
$258.6MDeposits
$28.7MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in GA (rank 10 of 58).
  • Widest gap: net interest margin trails 93% of banks under $1B in assets in GA (rank 55 of 59).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.57%

Rank 50 of 59

Net Interest Margin

2.77%

Rank 55 of 59

Efficiency Ratio

72.89%

Rank 47 of 59

Equity / Assets

9.91%

Rank 38 of 59

Non-interest income vs. expense

$0.8M$6.7MINCOMEEXPENSE
Unfavorable gap of $5.9M · efficiency ratio beats 22% of banks under $1B in assets in GA
Bank 72.89%Peer median 60.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.57%0.94%1.46%1.76%Beats 15%50 / 59
Return on Equity5.74%7.92%11.60%15.10%Beats 14%51 / 59
Net Interest Margin2.77%3.66%4.24%4.75%Beats 7%55 / 59
Efficiency Ratio72.89%51.87%60.25%70.24%Beats 22%47 / 59
Asset Quality
Nonperforming Loans / Loans0.74%0.10%0.36%0.89%Beats 31%41 / 58
Net Charge-Offs / Loans0.00%0.00%0.02%0.05%Beats 100%10 / 58
Capital
Tier 1 Capital Ratio18.51%11.93%15.65%21.05%Beats 63%22 / 59
Total Risk-Based Capital Ratio19.76%12.05%15.77%22.26%Beats 63%22 / 59
Equity / Assets9.91%9.10%11.51%14.32%Beats 36%38 / 59
Liquidity & Funding
Loans / Deposits55.17%59.62%72.81%85.44%17th pctl48 / 58
Loans / Assets49.25%49.55%64.39%73.73%22nd pctl46 / 59
Brokered Deposits / Depositsn/aNot reported for this institution