Bank Michigan: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
The largest change between Q1 2026 and Q2 2026 was in Net interest margin, which fell 0.26 percentage points to 4.50%. Bank Michigan ranks 17th of 72 Michigan banks on net interest margin, in the upper half at 4.50% (Q2 2026). Bank Michigan reported 4.50% on net interest margin for Q2 2026, 0.55 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.33% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.03% |
| Cost of interest-bearing deposits | 2.40% |
| Cost of interest-bearing liabilities | 2.51% |
| Cost of borrowings | 3.87% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.50% |
| Yield to cost spread | 3.82% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.2M |
| Total interest expense | $720K |
| Interest expense on deposits | $645K |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin |
|---|---|---|---|
| Q3 2023 | 5.80% | 1.26% | 4.60% |
| Q4 2023 | 6.04% | 1.41% | 4.67% |
| Q1 2024 | 6.29% | 1.50% | 4.85% |
| Q2 2024 | 6.56% | 1.65% | 5.00% |
| Q3 2024 | 6.44% | 2.01% | 4.54% |
| Q4 2024 | 6.04% | 1.91% | 4.22% |
| Q1 2025 | 6.37% | 1.85% | 4.62% |
| Q2 2025 | 6.60% | 1.78% | 4.95% |
| Q3 2025 | 6.27% | 1.73% | 4.67% |
| Q4 2025 | 6.48% | 1.72% | 4.93% |
| Q1 2026 | 6.30% | 1.68% | 4.76% |
| Q2 2026 | 6.33% | 2.03% | 4.50% |
Bank Michigan yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Bank Michigan, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Bank Michigan profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1008) · FFIEC NIC profile (RSSD 382742)