Farming – Page 131 – NewzIntel.com

MIL-OSI USA: Dusty Days Are Here Again for El Paso

Source: NASA

Spring and early summer are generally dusty in the Borderplex region of the Chihuahuan Desert—a transnational area that spans parts of southern New Mexico, West Texas, and the Mexican state of Chihuahua. With the region gripped by exceptional drought, this has been especially true in 2025.
The latest in a string of storms lofted particles from dried lakes and other parched sources in northern Chihuahua and New Mexico and sent them streaming toward El Paso, Juárez, and Las Cruces. The MODIS (Moderate Resolution Imaging Spectroradiometer) on NASA’s Aqua satellite captured this image on April 27, 2025. The event followed a large dust storm that hit the region a week earlier, as well as other major dust storms in early and mid-March.
Research indicates that March, April, and May are typically the most active months for airborne dust in El Paso. But the dust season so far this year has been “truly exceptional—one for the record books,” said Thomas Gill, an environmental scientist at the University of Texas at El Paso. For decades, Gill has used satellite observations and models to track dust activity around the planet and in the Borderplex region.
He said this latest event is the tenth “full-fledged dust storm” of the year in El Paso, meaning it was dusty enough to restrict visibility to less than half a mile. For comparison, the average is 1.8 storms per year. “You would have to go back to 1936—during the Dust Bowl—to find a year with more,” Gill said. During the Dust Bowl years of 1935 and 1936, El Paso had 13 and 11 dust storms, respectively.
Unusual drought and windy conditions are fueling the surge in dust. “We’re in the worst drought we’ve seen in at least a decade, and this March was the windiest we’ve seen in more than 50 years,” Gill added.
Research shows dust storms can pose considerable hazards. In a 2023 analysis, Gill and several colleagues pointed out that the dangers of dust are often underappreciated. They contribute to deadly traffic accidents and elevate the risk of cardiorespiratory problems that lead to emergency room visits.
Dust may also help spread a fungal infection called Valley Fever, though the precise role of dust storms remains a topic of ongoing research and debate. In another analysis, Gill and colleagues estimated that dust storms cause more than $150 billion in economic damage each year, with farmers, the health care sector, the renewable energy industry, and households bearing large costs.
Several tools powered by NASA data and satellites are available to meteorologists, scientists, and others tracking dust storms. The Worldview browser hosts timely data and imagery from several satellites, and NASA’s Global Modeling and Assimilation Office has tools for real-time weather analysis and reanalysis.
Gill collaborates frequently with a NASA-sponsored health and air quality team led by George Mason University’s Daniel Tong. That team is working to develop better ways of forecasting and analyzing how dust storms can affect air quality. Researchers with NASA’s SPoRT (Short-term Prediction Research and Transition) project have also developed a new technique that uses machine learning to improve the tracking of dust plumes at night.
“It should be interesting to see how far the dust from this event travels,” noted Santiago Gasso, a University of Maryland atmospheric scientist based at NASA’s Goddard Space Flight Center. “Some of it could be headed to the Great Lakes, New England, and maybe even to Greenland, as happened after one of the storms in March.”
Up to this point in the 2025 season, the Borderplex region has seen 28 days with dust. Over the past quarter century, the average for an entire year is 22 days. “We still have several more weeks of the dust season to go,” added Gill, noting that forecasters are warning of more dust as early as this weekend.

NASA Earth Observatory image by Wanmei Liang, using MODIS data from NASA EOSDIS LANCE and GIBS/Worldview. Story by Adam Voiland.

LANDMARK BANCORP, INC. AND SUBSIDIARIES
Consolidated Balance Sheets (unaudited)

(Dollars in thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
	2025			2024			2024			2024			2024
Assets
Cash and cash equivalents	$	21,881		$	20,275		$	21,211		$	23,889		$	16,468
Interest-bearing deposits at other banks		3,973			4,110			4,363			4,881			4,920
Investment securities available-for-sale, at fair value:
U.S. treasury securities		58,424			64,458			83,753			89,325			93,683
Municipal obligations, tax exempt		101,812			107,128			112,126			114,047			118,445
Municipal obligations, taxable		70,614			71,715			75,129			74,588			75,371
Agency mortgage-backed securities		125,142			129,211			140,004			142,499			149,777
Total investment securities available-for-sale		355,992			372,512			411,012			420,459			437,276
Investment securities held-to-maturity		3,701			3,672			3,643			3,613			3,584
Bank stocks, at cost		6,225			6,618			7,894			9,647			7,850
Loans:
One-to-four family residential real estate		355,632			352,209			344,380			332,090			312,833
Construction and land		28,645			25,328			23,454			30,480			24,823
Commercial real estate		359,579			345,159			324,016			318,850			323,397
Commercial		190,881			192,325			181,652			178,876			181,945
Agriculture		101,808			100,562			91,986			84,523			86,808
Municipal		7,082			7,091			7,098			6,556			5,690
Consumer		31,297			29,679			29,263			29,200			28,544
Total gross loans		1,074,924			1,052,353			1,001,849			980,575			964,040
Net deferred loan (fees) costs and loans in process		(426	)		(307	)		(63	)		(583	)		(578	)
Allowance for credit losses		(12,802	)		(12,825	)		(11,544	)		(10,903	)		(10,851	)
Loans, net		1,061,696			1,039,221			990,242			969,089			952,611
Loans held for sale, at fair value		2,997			3,420			3,250			2,513			2,697
Bank owned life insurance		39,329			39,056			39,176			38,826			38,578
Premises and equipment, net		19,886			20,220			20,976			20,986			20,696
Goodwill		32,377			32,377			32,377			32,377			32,377
Other intangible assets, net		2,426			2,578			2,729			2,900			3,071
Mortgage servicing rights		3,045			3,061			3,041			2,997			2,977
Real estate owned, net		167			167			428			428			428
Other assets		24,894			26,855			23,309			28,149			29,684
Total assets	$	1,578,589		$	1,574,142		$	1,563,651		$	1,560,754		$	1,553,217

Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest-bearing demand		368,480			351,595			360,188			360,631			364,386
Money market and checking		613,459			636,963			565,629			546,385			583,315
Savings		149,223			145,514			145,825			150,996			154,000
Certificates of deposit		204,660			194,694			203,860			192,470			191,823
Total deposits		1,335,822			1,328,766			1,275,502			1,250,482			1,293,524
FHLB and other borrowings		48,767			53,046			92,050			131,330			74,716
Subordinated debentures		21,651			21,651			21,651			21,651			21,651
Repurchase agreements		6,256			13,808			9,528			8,745			15,895
Accrued interest and other liabilities		23,442			20,656			25,229			20,292			20,760
Total liabilities		1,435,938			1,437,927			1,423,960			1,432,500			1,426,546
Stockholders’ equity:
Common stock		58			58			55			55			55
Additional paid-in capital		95,148			95,051			89,532			89,469			89,364
Retained earnings		60,422			56,934			60,549			57,774			55,912
Treasury stock, at cost		–			–			(396	)		(330	)		(249	)
Accumulated other comprehensive loss		(12,977	)		(15,828	)		(10,049	)		(18,714	)		(18,411	)
Total stockholders’ equity		142,651			136,215			139,691			128,254			126,671
Total liabilities and stockholders’ equity	$	1,578,589		$	1,574,142		$	1,563,651		$	1,560,754		$	1,553,217

LANDMARK BANCORP, INC. AND SUBSIDIARIES
Consolidated Statements of Earnings (unaudited)

(Dollars in thousands, except per share amounts)	Three months ended,
	March 31,			December 31,			March 31,
	2025			2024			2024
Interest income:
Loans	$	16,395		$	15,955		$	14,490
Investment securities:
Taxable		2,180			2,210			2,428
Tax-exempt		719			738			764
Interest-bearing deposits at banks		48			49			63
Total interest income		19,342			18,952			17,745
Interest expense:
Deposits		5,236			5,350			5,457
FHLB and other borrowings		565			737			1,022
Subordinated debentures		357			389			412
Repurchase agreements		65			77			107
Total interest expense		6,223			6,553			6,998
Net interest income		13,119			12,399			10,747
Provision for credit losses		–			1,500			300
Net interest income after provision for credit losses		13,119			10,899			10,447
Non-interest income:
Fees and service charges		2,388			2,710			2,461
Gains on sales of loans, net		562			522			512
Bank owned life insurance		272			976			245
Losses on sales of investment securities, net		(2	)		(1,031	)		–
Other		138			194			182
Total non-interest income		3,358			3,371			3,400
Non-interest expense:
Compensation and benefits		6,154			6,264			5,532
Occupancy and equipment		1,252			1,550			1,390
Data processing		396			452			481
Amortization of mortgage servicing rights and other intangibles		239			240			412
Professional fees		745			1,043			647
Valuation allowance on real estate held for sale		–			–			129
Other		1,975			2,325			1,960
Total non-interest expense		10,761			11,874			10,551
Earnings before income taxes		5,716			2,396			3,296
Income tax expense (benefit)		1,015			(886	)		518
Net earnings	$	4,701		$	3,282		$	2,778

Net earnings per share (1)
Basic	$	0.81		$	0.57		$	0.48
Diluted		0.81			0.57			0.48
Dividends per share (1)		0.21			0.20			0.20
Shares outstanding at end of period (1)		5,778,610			5,775,198			5,747,560
Weighted average common shares outstanding – basic (1)		5,777,593			5,775,227			5,743,452
Weighted average common shares outstanding – diluted (1)		5,814,650			5,789,764			5,748,595

Tax equivalent net interest income	$	13,291		$	12,574		$	10,925

(1) Share and per share values at or for the periods ended March 31, 2024 and December 31, 2024 have been adjusted to give effect to the 5% stock dividend paid during December 2024.

LANDMARK BANCORP, INC. AND SUBSIDIARIES
Select Ratios and Other Data (unaudited)

(Dollars in thousands, except per share amounts)	As of or for the three months ended,
	March 31,			December 31,			March 31,
	2025			2024			2024
Performance ratios:
Return on average assets (1)		1.21	%		0.83	%		0.72	%
Return on average equity (1)		13.71	%		9.54	%		8.88	%
Net interest margin (1)(2)		3.76	%		3.51	%		3.12	%
Effective tax rate		17.8	%		-37.0	%		15.7	%
Efficiency ratio (3)		64.1	%		70.8	%		72.1	%
Non-interest income to total income (3)		20.4	%		25.0	%		24.1	%

Average balances:
Investment securities	$	377,845		$	409,648		$	456,933
Loans		1,048,585			1,010,153			945,737
Assets		1,574,295			1,568,821			1,555,662
Interest-bearing deposits		979,787			944,969			935,417
FHLB and other borrowings		48,428			57,507			72,618
Subordinated debentures		21,651			21,651			21,651
Repurchase agreements		8,634			12,212			14,371
Stockholders’ equity	$	139,068		$	136,933		$	125,846

Average tax equivalent yield/cost (1):
Investment securities		3.29	%		3.03	%		2.96	%
Loans		6.34	%		6.28	%		6.16	%
Total interest-bearing assets		5.53	%		5.34	%		5.11	%
Interest-bearing deposits		2.17	%		2.25	%		2.35	%
FHLB and other borrowings		4.73	%		5.10	%		5.66	%
Subordinated debentures		6.69	%		7.15	%		7.65	%
Repurchase agreements		3.05	%		2.51	%		2.99	%
Total interest-bearing liabilities		2.38	%		2.52	%		2.70	%

Capital ratios:
Equity to total assets		9.04	%		8.65	%		8.16	%
Tangible equity to tangible assets (3)		6.99	%		6.58	%		6.01	%
Book value per share	$	24.69		$	23.59		$	22.04
Tangible book value per share (3)	$	18.66		$	17.53		$	15.87

Rollforward of allowance for credit losses (loans):
Beginning balance	$	12,825		$	11,544		$	10,608
Charge-offs		(108	)		(246	)		(141	)
Recoveries		85			27			134
Provision for credit losses for loans		—			1,500			250
Ending balance	$	12,802		$	12,825		$	10,851

Allowance for unfunded loan commitments	$	150		$	150		$	300

Non-performing assets:
Non-accrual loans	$	13,280		$	13,115		$	3,621
Accruing loans over 90 days past due		—			—			—
Real estate owned		167			167			428
Total non-performing assets	$	13,447		$	13,282		$	4,049

Loans 30-89 days delinquent	$	9,977		$	6,201		$	4,064

Other ratios:
Loans to deposits		79.48	%		78.21	%		73.64	%
Loans 30-89 days delinquent and still accruing to gross loans outstanding		0.93	%		0.59	%		0.42	%
Total non-performing loans to gross loans outstanding		1.24	%		1.25	%		0.38	%
Total non-performing assets to total assets		0.85	%		0.84	%		0.26	%
Allowance for credit losses to gross loans outstanding		1.19	%		1.22	%		1.13	%
Allowance for credit losses to total non-performing loans		96.40	%		97.79	%		299.67	%
Net loan charge-offs to average loans (1)		0.01	%		0.09	%		0.00	%

(1) Information is annualized.
(2) Net interest margin is presented on a fully tax equivalent basis, using a 21% federal tax rate.
(3) Non-GAAP financial measures. See the “Non-GAAP Financial Measures” section of this press release for a reconciliation to the most comparable GAAP equivalent.

LANDMARK BANCORP, INC. AND SUBSIDIARIES
Non-GAAP Finacials Measures (unaudited)

(Dollars in thousands, except per share amounts)	As of or for the three months ended,
	March 31,			December 31,			March 31,
	2025			2024			2024

Non-GAAP financial ratio reconciliation:
Total non-interest expense	$	10,761		$	11,874		$	10,551
Less: foreclosure and real estate owned expense		(50	)		(13	)		(50	)
Less: amortization of other intangibles		(152	)		(151	)		(170	)
Less: valuation allowance on real estate held for sale		—			—			(129	)
Adjusted non-interest expense (A)		10,559			11,710			10,202

Net interest income (B)		13,119			12,399			10,747

Non-interest income		3,358			3,371			3,400
Less: losses on sales of investment securities, net		2			1,031			—
Less: gains on sales of premises and equipment and foreclosed assets		—			(273	)		9
Adjusted non-interest income (C)	$	3,360		$	4,129		$	3,409

Efficiency ratio (A/(B+C))		64.1	%		70.8	%		72.1	%
Non-interest income to total income (C/(B+C))		20.4	%		25.0	%		24.1	%

Total stockholders’ equity	$	142,651		$	136,215		$	126,671
Less: goodwill and other intangible assets		(34,803	)		(34,955	)		(35,448	)
Tangible equity (D)	$	107,848		$	101,260		$	91,223

Total assets	$	1,578,589		$	1,574,142		$	1,553,217
Less: goodwill and other intangible assets		(34,803	)		(34,955	)		(35,448	)
Tangible assets (E)	$	1,543,786		$	1,539,187		$	1,517,769

Tangible equity to tangible assets (D/E)		6.99	%		6.58	%		6.01	%

Shares outstanding at end of period (F)		5,778,610			5,775,198			5,747,560

Tangible book value per share (D/F)	$	18.66		$	17.53		$	15.87

Total capital to risk-weighted assets	15.59%
Tier 1 capital to risk-weighted assets	13.13%
Common equity tier 1 capital to risk-weighted assets	12.73%
Leverage ratio	10.73%


FIRST MID BANCSHARES, INC.
Condensed Consolidated Balance Sheets
(In thousands, unaudited)

	As of
	March 31,			December 31,			March 31,
	2025			2024			2024

Assets
Cash and cash equivalents	$	201,470		$	121,216		$	355,701
Investment securities		1,049,003			1,073,510			1,149,752
Loans (including loans held for sale)		5,698,858			5,672,462			5,499,295
Less allowance for credit losses		(70,051	)		(70,182	)		(67,936	)
Net loans		5,628,807			5,602,280			5,431,359
Premises and equipment, net		97,446			100,234			101,666
Goodwill and intangibles, net		258,671			261,906			260,699
Bank Owned Life Insurance		171,127			170,854			167,247
Other assets		166,164			189,734			211,822
Total assets	$	7,572,688		$	7,519,734		$	7,678,246

Liabilities and Stockholders’ Equity
Deposits:
Non-interest bearing	$	1,394,590		$	1,329,155		$	1,448,299
Interest bearing		4,735,790			4,727,941			4,794,637
Total deposits		6,130,380			6,057,096			6,242,936
Repurchase agreements with customers		219,772			204,122			210,719
Other borrowings		195,000			242,520			238,761
Junior subordinated debentures		24,335			24,280			24,113
Subordinated debt		79,535			87,472			106,862
Other liabilities		52,717			57,853			56,903
Total liabilities		6,701,739			6,673,343			6,880,294

Total stockholders’ equity		870,949			846,391			797,952
Total liabilities and stockholders’ equity	$	7,572,688		$	7,519,734		$	7,678,246

FIRST MID BANCSHARES, INC.
Condensed Consolidated Statements of Income
(In thousands, except per share data, unaudited)

	Three Months Ended
	March 31,
	2025			2024
Interest income:
Interest and fees on loans	$	79,918		$	77,823
Interest on investment securities		6,777			7,405
Interest on federal funds sold & other deposits		864			2,444
Total interest income		87,559			87,672
Interest expense:
Interest on deposits		23,722			26,096
Interest on securities sold under agreements to repurchase		1,180			2,056
Interest on other borrowings		1,831			2,314
Interest on jr. subordinated debentures		468			542
Interest on subordinated debt		949			1,194
Total interest expense		28,150			32,202
Net interest income		59,409			55,470
Provision for credit losses		1,652			(357	)
Net interest income after provision for credit losses		57,757			55,827
Non-interest income:
Wealth management revenues		5,800			5,322
Insurance commissions		9,925			9,213
Service charges		2,901			2,956
Net securities gains/(losses)		(181	)		0
Mortgage banking revenues		711			706
ATM/debit card revenue		3,646			4,055
Other		2,062			2,226
Total non-interest income		24,864			24,478
Non-interest expense:
Salaries and employee benefits		31,748			30,448
Net occupancy and equipment expense		8,479			7,560
Net other real estate owned (income) expense		101			(21	)
FDIC insurance		849			869
Amortization of intangible assets		3,231			3,497
Stationary and supplies		431			391
Legal and professional expense		3,076			2,449
ATM/debit card expense		1,831			1,191
Marketing and donations		852			862
Other		3,874			6,116
Total non-interest expense		54,472			53,362
Income before income taxes		28,149			26,943
Income taxes		5,978			6,440
Net income	$	22,171		$	20,503

Per Share Information
Basic earnings per common share	$	0.93		$	0.86
Diluted earnings per common share		0.93			0.86

Weighted average shares outstanding		23,858,817			23,872,731
Diluted weighted average shares outstanding		23,959,228			23,960,335

FIRST MID BANCSHARES, INC.
Consolidated Financial Highlights and Ratios
(Dollars in thousands, except per share data)
(Unaudited)

	As of and for the Quarter Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2025			2024			2024			2024			2024

Loan Portfolio
Construction and land development	$	269,148		$	236,093		$	190,857		$	195,389		$	186,851
Farm real estate loans		373,413			390,760			384,620			387,015			388,941
1-4 Family residential properties		488,139			496,597			505,342			507,517			518,641
Multifamily residential properties		356,858			332,644			338,167			334,446			312,758
Commercial real estate		2,397,985			2,417,585			2,440,120			2,406,955			2,396,092
Loans secured by real estate		3,885,543			3,873,679			3,859,106			3,831,322			3,803,283
Agricultural operating loans		296,811			239,671			233,414			213,997			213,217
Commercial and industrial loans		1,303,712			1,335,920			1,283,631			1,268,646			1,227,906
Consumer loans		47,220			53,960			63,222			70,841			79,569
All other loans		165,572			169,232			175,218			175,811			175,320
Total loans		5,698,858			5,672,462			5,614,591			5,560,617			5,499,295

Deposit Portfolio
Non-interest bearing demand deposits	$	1,394,590		$	1,329,155		$	1,387,290		$	1,393,336		$	1,448,299
Interest bearing demand deposits		1,814,427			1,907,733			1,834,123			1,909,993			1,974,857
Savings deposits		643,289			636,427			648,582			673,381			704,777
Money Market		1,215,420			1,196,537			1,183,594			1,127,699			1,107,177
Time deposits		1,062,654			987,244			1,035,245			1,011,370			1,007,826
Total deposits		6,130,380			6,057,096			6,088,834			6,115,779			6,242,936

Asset Quality
Non-performing loans	$	26,598		$	29,835		$	18,242		$	19,079		$	20,064
Non-performing assets		28,703			32,030			20,076			20,557			21,471
Net charge-offs (recoveries)		1,783			2,235			804			708			381
Allowance for credit losses to non-performing loans		263.36	%		235.23	%		377.01	%		358.05	%		338.60	%
Allowance for credit losses to total loans outstanding		1.23	%		1.24	%		1.22	%		1.23	%		1.24	%
Nonperforming loans to total loans		0.47	%		0.53	%		0.32	%		0.34	%		0.36	%
Nonperforming assets to total assets		0.38	%		0.43	%		0.27	%		0.27	%		0.28	%
Special Mention loans		74,019			57,848			38,151			30,767			65,693
Substandard and Doubtful loans		33,884			35,516			29,037			27,594			29,296

Common Share Data
Common shares outstanding		23,981,916			23,895,807			23,904,051			23,895,868			23,888,929
Book value per common share	$	36.32		$	35.42		$	35.91		$	34.05		$	33.40
Tangible book value per common share ⁽¹⁾		25.53			24.46			24.82			23.28			22.49
Tangible book value per common share excluding other comprehensive income at period end ⁽¹⁾		31.21			30.42			29.70			29.43			28.67
Market price of stock		34.90			36.82			38.91			32.88			32.68

Key Performance Ratios and Metrics
End of period earning assets	$	6,844,096		$	6,775,075		$	6,786,458		$	6,812,574		$	6,923,742
Average earning assets		6,769,858			6,884,303			6,857,070			6,815,932			6,884,855
Average rate on average earning assets (tax equivalent)		5.29	%		5.24	%		5.35	%		5.27	%		5.16	%
Average rate on cost of funds		1.74	%		1.83	%		2.00	%		1.91	%		1.91	%
Net interest margin (tax equivalent) ⁽¹⁾⁽²⁾		3.60	%		3.41	%		3.35	%		3.36	%		3.25	%
Return on average assets		1.19	%		1.01	%		1.03	%		1.05	%		1.07	%
Adjusted return on average assets ⁽¹⁾		1.23	%		1.10	%		1.05	%		1.07	%		1.17	%
Return on average common equity		10.35	%		9.04	%		9.40	%		9.92	%		10.37	%
Adjusted return on average common equity ⁽¹⁾		10.78	%		9.80	%		9.58	%		10.11	%		11.28	%
Efficiency ratio (tax equivalent) ⁽¹⁾		58.88	%		58.76	%		61.33	%		59.61	%		59.09	%
Full-time equivalent employees		1,194			1,198			1,207			1,185			1,188


¹ Non-GAAP financial measure. Refer to reconciliation to the comparable GAAP measure.
² During the first quarter 2025, the Company changed the methodology utilized for the calculation of net interest margin to be more consistent with what is typically used by peer banks and research analysts. The calculation now is the annualized net interest income on a tax equivalent basis divided by average interest earning assets.

FIRST MID BANCSHARES, INC.
Net Interest Margin
(In thousands, unaudited)

	For the Quarter Ended March 31, 2025
	QTD Average					Average
	Balance			Interest		Rate
INTEREST EARNING ASSETS
Interest bearing deposits	$	70,701		$	827		4.74	%
Federal funds sold		75			1		5.41	%
Certificates of deposits investments		3,162			36		4.62	%
Investment Securities		1,090,099			7,254		2.66	%
Loans (net of unearned income)		5,605,821			80,194		5.80	%

Total interest earning assets		6,769,858			88,312		5.29	%

NONEARNING ASSETS
Other nonearning assets		777,177
Allowance for loan losses		(70,620	)

Total assets	$	7,476,415

INTEREST BEARING LIABILITIES
Demand deposits	$	3,039,621		$	14,900		1.99	%
Savings deposits		640,687			164		0.10	%
Time deposits		1,022,200			8,658		3.44	%
Total interest bearing deposits		4,702,508			23,722		2.05	%
Repurchase agreements		201,679			1,180		2.37	%
FHLB advances		194,324			1,807		3.77	%
Federal funds purchased		–			–		0.00	%
Subordinated debt		82,608			949		4.66	%
Jr. subordinated debentures		24,306			468		7.81	%
Other debt		1,467			24		6.63	%
Total borrowings		504,384			4,428		3.56	%
Total interest bearing liabilities		5,206,892			28,150		2.19	%

NONINTEREST BEARING LIABILITIES
Demand deposits		1,370,107		Average cost of funds			1.74	%
Other liabilities		42,946
Stockholders’ equity		856,470

Total liabilities & stockholders’ equity	$	7,476,415

Net Interest Earnings / Spread				$	60,162		3.10	%

Tax effected yield on interest earning assets							3.60	%

Tax equivalent net interest margin is a non-GAAP financial measure. Refer to reconciliation to the comparable GAAP measure.

FIRST MID BANCSHARES, INC.
Reconciliation of Non-GAAP Financial Measures
(In thousands, unaudited)

	As of and for the Quarter Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2025			2024			2024			2024			2024

Net interest income as reported	$	59,409		$	58,950		$	57,543		$	56,765		$	55,470
Net interest income, (tax equivalent)		60,162			59,717			58,627			57,361			56,086
Average earning assets		6,769,858			6,884,303			6,857,070			6,815,932			6,884,855
Net interest margin (tax equivalent)		3.60	%		3.41	%		3.35	%		3.36	%		3.25	%


Common stockholder’s equity	$	870,949		$	846,391		$	858,497		$	813,645		$	797,952
Goodwill and intangibles, net		258,671			261,906			265,139			257,377			260,699
Common shares outstanding		23,982			23,896			23,904			23,896			23,889
Tangible Book Value per common share	$	25.53		$	24.46		$	24.82		$	23.28		$	22.49
Accumulated other comprehensive loss (AOCI)		(136,097	)		(142,383	)		(116,692	)		(146,998	)		(147,667	)
Adjusted tangible book value per common share	$	31.21		$	30.42		$	29.70		$	29.43		$	28.67

Category: Farming

Wheat procurement surpasses 250 LMT21.03 lakh farmers receive MSP of Rs. 62155.96 crores during RMS 2025-26

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Source: Fish and Game NZ

Wheat procurement surpasses 250 LMT

21.03 lakh farmers receive MSP of Rs. 62155.96 crores during RMS 2025-26