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Farmers & Merchants Bancorp (Farmers & Merchants Bancorp) Net Interest Margin (Bank Only) % : 2.70% (As of Dec. 2023)


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What is Farmers & Merchants Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Farmers & Merchants Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Dec. 2023 was $78.28 Mil. Farmers & Merchants Bancorp's average earning assets for the quarter that ended in Dec. 2023 was $2,903.37 Mil. Therefore, Farmers & Merchants Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 was 2.70%.


Farmers & Merchants Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Farmers & Merchants Bancorp's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Farmers & Merchants Bancorp Net Interest Margin (Bank Only) % Chart

Farmers & Merchants Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.33 3.81 3.45 3.41 2.84

Farmers & Merchants Bancorp Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.41 3.11 2.81 2.70 2.70

Competitive Comparison of Farmers & Merchants Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Farmers & Merchants Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Farmers & Merchants Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Farmers & Merchants Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Farmers & Merchants Bancorp's Net Interest Margin (Bank Only) % falls into.



Farmers & Merchants Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Farmers & Merchants Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=80.515/( (2738.813 + 2934.643)/ 2 )
=80.515/2836.728
=2.84 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=1.324 + 2336.901 + 400.588
=2738.813

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=1.284 + 2557.743 + 375.616
=2934.643

Farmers & Merchants Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Sep. 2023 ) + Earning Assets (Q: Dec. 2023 ))/ count )
=78.28/( (2872.089 + 2934.643)/ 2 )
=78.28/2903.366
=2.70 %

where

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=1.471 + 2505.368 + 365.25
=2872.089

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=1.284 + 2557.743 + 375.616
=2934.643

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Dec. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Farmers & Merchants Bancorp  (NAS:FMAO) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Farmers & Merchants Bancorp Net Interest Margin (Bank Only) % Related Terms

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Farmers & Merchants Bancorp (Farmers & Merchants Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
307 North Defiance Street, Archbold, OH, USA, 43502
Farmers & Merchants Bancorp Inc is a holding company for Farmers & Merchants Bank of Central California. It engages in general commercial banking business. Its activities include commercial, agricultural and residential mortgages as well as consumer and credit card lending activities. The interest received on lending to the commercial and retail market forms the basis of the bank's primary revenue.
Executives
Eugene N Burkholder director 12730 US HIGHWAY 20A, WAUSEON OH 43567
Steven J Planson director 22199 COUNTY ROAD F, STRYKER OH 43557
David P Vernon director 307 N DEFIANCE ST, ARCHBOLD OH 43502
Jo Ellen Hornish director 24880 BANNER SCHOOL RD, DEFIANCE OH 43512
Andrew J Briggs director 307 N DEFIANCE STREET, ARCHBOLD OH 43502
Simon R. Frank director 307 N. DEFIANCE STREET, ARCHBOLD OH 43502
Lori Ann Johnston director 307 N DEFIANCE STREET, ARCHBOLD OH 43502
Lars B Eller officer: President & CEO 214 CALEB STREET, WEST CHESTER PA 19382
Paul S Siebenmorgen officer: Sr. Executive VP
Anthony Rupp director 203 N. DEFIANCE ST., ARCHBOLD OH 43502
Jackson Jack Cornelius director 105 S MAIN STREET, BRYAN OH 43506
Marcia Sloan Latta director 1528 MUIRFIELD DR, BOWLING GREEN OH 43402
Katrina L Degroff officer: Sr. Vice President 6085 COUNTY RD 13, WAUSEON OH 43567
Phillip P Lucas officer: Sr. Vice President 5047 STONESPRING CRT, ANDERSON IN 46012
Benet S Rupp officer: Sr. Vice President 3963 TIMBER VALLEY DR, MAUMEE OH 4337