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Merchants & Farmers Bank & Trust Company

Leesville, LA · Cert 9319 · Merchants&Farmers Bancshares

State charter, non-member · FDIC · 9 branches

Q2 2026

$541.4MAssets
$270.7MLoans
$486.0MDeposits
$53.2MEquity
Loan mix
89%RE $237.6M10%C&I $26.1M1%Consumer $3.9MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $342.0M30%Noninterest $144.0MQ2 2025Q2 2026

NIM

3.93%Q2 ’244.19%Q2 ’254.29%Q2 ’26+9%+6%

Non-interest income vs. expense

2.82%Q2 ’242.63%Q2 ’252.57%Q2 ’26-8%-2%

Market Position · Lake Charles, LA · 2026 SOD (annual) · 1.7% share · #11 of 20 inst. · $0.1B of $6.1B

83.8% Vernon
2.0% Calcasieu

Executive Summary

  • Earnings: ROA of 0.93%, up 9 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.70% of loans (+2 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 11.17%, up 25 bps from a year ago.
  • Funding: loans stand at 55.70% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.93%+9 bps YoY

Net Interest Margin (quarter, annualized)

3.41%+19 bps YoY

Efficiency Ratio (quarter, annualized)

67.10%-416 bps YoY

Tier 1 Leverage Ratio

11.17%+25 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.84%0.73%0.63%0.91%0.93%+9 bps
Return on Equity9.96%8.10%6.57%9.52%9.56%-40 bps
Net Interest Margin3.22%3.31%3.41%3.34%3.41%+19 bps
Efficiency Ratio71.26%75.18%70.65%70.01%67.10%-416 bps
Non-Interest Burden2.18%2.37%2.27%2.19%2.14%-4 bps
Growth
Asset Growth (YoY)10.29%-1.37%7.41%2.73%3.15%-714 bps
Loan Growth (YoY)-0.39%2.86%5.42%6.11%7.24%+763 bps
Deposit Growth (YoY)12.30%-2.23%6.04%1.59%1.63%-1,068 bps
Asset Quality
Nonperforming Loans / Loans0.68%0.68%0.82%0.77%0.70%+2 bps
Net Charge-Offs / Loans0.12%0.23%0.04%0.07%0.03%-9 bps
Allowance / Loans1.03%0.96%1.01%1.01%1.07%+4 bps
Allowance Coverage of NPLs1.5x1.4x1.2x1.3x1.5x0.0x
Capital
Tier 1 Leverage Ratio10.92%11.11%11.26%11.08%11.17%+25 bps
Total Risk-Based Capital10.92%11.11%11.26%11.08%11.17%+25 bps
Equity / Assets8.39%9.64%9.62%9.56%9.83%+144 bps
Liquidity & Funding
Loans / Deposits52.78%56.83%56.01%55.85%55.70%+291 bps
Liquid Assets / Assets13.71%8.94%10.10%12.56%12.76%-96 bps
CRE / Total Capitaln/a194.89%207%201%n/an/a