Efficiency Ratio Over Time
Efficiency Ratio Farmers & Merchants State Bank All Insured Commercial Banks in Texas
09-30-2005 78.426 66.756
06-30-2005 77.07 67.031
03-31-2005 76.531 67.486
12-31-2004 89.624 69.184
09-30-2004 92.354 68.305
06-30-2004 90.293 68.807
03-31-2004 86.463 69.055
12-31-2003 84.013 69.41
09-30-2003 84.199 68.526
06-30-2003 84.797 68.452
03-31-2003 88.91 68.632
12-31-2002 81.202 67.534