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Farmers & Merchants Bank

Miamisburg, OH · Cert 9462 · F&M Bcorp

State charter, non-member · FDIC · 5 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

41

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

85

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

91

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

Farmers & Merchants Bank

Miamisburg, OH · Cert 9462 · F&M Bcorp

State charter, non-member · FDIC · 5 branches

Q2 2026

$359.4MAssets
$290.1MLoans
$307.3MDeposits
$40.5MEquity
Loan mix
86%RE $239.9M14%C&I $39.3M0%Consumer $0.8MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $227.1M26%Noninterest $80.2MQ2 2025Q2 2026

NIM

5.55%Q2 ’245.94%Q2 ’255.99%Q2 ’26+9%+0%

Non-interest income vs. expense

2.42%Q2 ’242.26%Q2 ’252.23%Q2 ’26-9%-3%

Market Position · Dayton-Kettering-Beavercreek, OH · 2026 SOD (annual) · 1.7% share · #10 of 26 inst. · $0.3B of $16.3B

2.5% Montgomery
0.4% Warren

Executive Summary

  • Earnings: ROA of 1.85%, up 10 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 1.04% of loans (+104 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.16%, up 97 bps from a year ago.
  • Funding: loans stand at 94.41% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.85%+10 bps YoY

Net Interest Margin (YTD, annualized)

4.20%+2 bps YoY

Efficiency Ratio (YTD, annualized)

48.10%-127 bps YoY

Tier 1 Leverage Ratio

12.16%+97 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.75%1.74%1.63%1.73%1.85%+10 bps
Return on Equity18.32%17.87%16.44%16.08%16.92%-140 bps
Net Interest Margin4.18%4.14%4.08%4.23%4.20%+2 bps
Efficiency Ratio49.37%49.64%49.80%49.34%48.10%-127 bps
Non-Interest Burden1.86%1.85%1.83%1.87%1.79%-6 bps
Growth
Asset Growth (YoY)1.92%8.29%9.93%6.92%5.40%+348 bps
Loan Growth (YoY)13.59%11.67%9.25%7.21%4.65%-894 bps
Deposit Growth (YoY)4.69%6.55%9.33%6.93%4.48%-21 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.16%1.05%1.04%1.04%+104 bps
Net Charge-Offs / Loans0.00%0.00%0.04%0.01%0.01%+1 bps
Allowance / Loans1.52%1.54%1.53%1.57%1.59%+7 bps
Allowance Coverage of NPLsn/a9.7x1.5x1.5x1.5xn/a
Capital
Tier 1 Leverage Ratio11.19%11.39%11.46%11.93%12.16%+97 bps
Total Risk-Based Capital14.03%14.42%11.46%11.93%12.16%-187 bps
Equity / Assets9.79%10.31%10.59%10.88%11.28%+149 bps
Liquidity & Funding
Loans / Deposits94.25%94.50%94.57%94.75%94.41%+16 bps
Liquid Assets / Assets0.13%0.09%0.06%0.04%0.18%+5 bps
CRE / Total Capitaln/a467%470%448%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

Farmers & Merchants Bank

Miamisburg, OH · Cert 9462 · Peer group: banks under $1B in assets (n=581-629) · F&M Bcorp

State charter, non-member · FDIC · 5 branches

Q2 2026

$359.4MAssets
$290.1MLoans
$307.3MDeposits
$40.5MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 91% of banks under $1B in assets (rank 57 of 629).
  • Widest gap: nonperforming loans / loans trails 71% of banks under $1B in assets (rank 413 of 581).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.83%

Rank 91 of 629

Net Interest Margin

4.20%

Rank 119 of 629

Efficiency Ratio

48.10%

Rank 57 of 629

Equity / Assets

11.28%

Rank 268 of 629

Non-interest income vs. expense

$1.6M$8.0MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 91% of banks under $1B in assets
Bank 48.10%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.83%0.60%1.01%1.45%Beats 86%91 / 629
Return on Equity16.23%5.38%9.30%13.28%Beats 87%79 / 629
Net Interest Margin4.20%3.03%3.54%4.05%Beats 81%119 / 629
Efficiency Ratio48.10%58.35%67.79%79.08%Beats 91%57 / 629
Asset Quality
Nonperforming Loans / Loans1.04%0.09%0.46%1.20%Beats 29%413 / 581
Net Charge-Offs / Loans0.01%n/a0.01%0.06%Beats 57%251 / 581
Capital
Tier 1 Capital Ratio12.16%11.24%13.84%18.77%Beats 35%409 / 629
Total Risk-Based Capital Ratio12.16%11.58%14.43%19.66%Beats 30%442 / 629
Equity / Assets11.28%9.09%10.65%13.80%Beats 57%268 / 629
Liquidity & Funding
Loans / Deposits94.41%67.24%80.90%93.48%77th pctl135 / 594
Loans / Assets80.73%53.31%67.71%78.15%83rd pctl110 / 629
Brokered Deposits / Depositsn/aNot reported for this institution