Drake Bank: 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 biggest quarter-over-quarter change on this page was a small one: Yield on securities edged up 0.24 percentage points between Q1 2026 and Q2 2026, to 2.41%. Drake Bank ranks 179th of 221 Minnesota banks on net interest margin, in the lower half at 3.45% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.94% on net interest margin. Drake Bank sits 0.49 points lower, at 3.45% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.99% |
| Yield on loans | 6.82% |
| Yield on securities | 2.41% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.75% |
| Cost of interest-bearing deposits | 3.25% |
| Cost of interest-bearing liabilities | 3.28% |
| Cost of borrowings | 3.52% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.45% |
| Yield to cost spread | 2.71% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.4M |
| Total interest expense | $1.6M |
| Interest expense on deposits | $1.5M |
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 | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 5.62% | 2.93% | 3.29% | 6.49% | 1.52% |
| Q4 2023 | 5.97% | 3.25% | 3.36% | 6.94% | 1.58% |
| Q1 2024 | 6.22% | 3.25% | 3.50% | 7.31% | 1.57% |
| Q2 2024 | 6.32% | 2.94% | 3.65% | 7.27% | 1.60% |
| Q3 2024 | 6.69% | 2.99% | 3.95% | 7.90% | 1.59% |
| Q4 2024 | 6.74% | 2.90% | 4.12% | 7.80% | 1.60% |
| Q1 2025 | 6.61% | 2.84% | 3.98% | 7.51% | 1.81% |
| Q2 2025 | 6.48% | 2.89% | 3.82% | 7.37% | 2.05% |
| Q3 2025 | 6.28% | 2.93% | 3.61% | 7.16% | 2.15% |
| Q4 2025 | 6.10% | 2.90% | 3.45% | 6.99% | 1.93% |
| Q1 2026 | 6.02% | 2.70% | 3.52% | 6.92% | 2.17% |
| Q2 2026 | 5.99% | 2.75% | 3.45% | 6.82% | 2.41% |
Drake Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Drake Bank, 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 Drake Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 57336) · FFIEC NIC profile (RSSD 3090833)