Farmers State Bank of Underwood: 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 standout move of Q2 2026 was in Cost of borrowings: 5.23 percentage points lower than in Q1 2026, at 3.00%. Farmers State Bank of Underwood ranks 30th of 221 Minnesota banks on net interest margin, in the upper half at 4.67% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Farmers State Bank of Underwood sits 0.72 points higher, at 4.67% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.72% |
| Yield on loans | 7.81% |
| Yield on securities | 2.33% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.11% |
| Cost of interest-bearing deposits | 2.73% |
| Cost of interest-bearing liabilities | 2.73% |
| Cost of borrowings | 3.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.67% |
| Yield to cost spread | 3.99% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.6M |
| Total interest expense | $554K |
| Interest expense on deposits | $551K |
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 | 5.56% | 1.37% | 4.30% | 6.87% | 1.24% |
| Q4 2023 | 5.87% | 2.01% | 3.94% | 7.22% | 1.23% |
| Q1 2024 | 5.97% | 1.95% | 4.09% | 7.31% | 1.24% |
| Q2 2024 | 6.32% | 2.02% | 4.37% | 7.71% | 1.23% |
| Q3 2024 | 6.82% | 2.47% | 4.33% | 8.31% | 1.21% |
| Q4 2024 | 6.79% | 2.28% | 4.61% | 8.31% | 1.36% |
| Q1 2025 | 6.64% | 2.12% | 4.58% | 7.97% | 1.51% |
| Q2 2025 | 6.89% | 2.10% | 4.84% | 8.26% | 1.55% |
| Q3 2025 | 6.92% | 2.08% | 4.90% | 8.21% | 1.52% |
| Q4 2025 | 7.05% | 2.08% | 5.04% | 8.26% | 1.60% |
| Q1 2026 | 6.79% | 2.03% | 4.81% | 7.76% | 1.96% |
| Q2 2026 | 6.72% | 2.11% | 4.67% | 7.81% | 2.33% |
Farmers State Bank of Underwood yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Farmers State Bank of Underwood, 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 Farmers State Bank of Underwood profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 10174) · FFIEC NIC profile (RSSD 865852)