First 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 largest change between Q1 2026 and Q2 2026 was in Cost of borrowings, which rose 0.52 percentage points to 1.06%. Within North Carolina, First Bank is 14th of 38 on net interest margin, 3.76% as of Q2 2026. The median for banks in the $10B-100B asset tier is 3.59% on net interest margin. First Bank sits 0.17 points higher, at 3.76% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.95% |
| Yield on loans | 5.68% |
| Yield on securities | 2.73% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.30% |
| Cost of interest-bearing deposits | 1.92% |
| Cost of interest-bearing liabilities | 1.92% |
| Cost of borrowings | 1.06% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.76% |
| Yield to cost spread | 3.03% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $126.0M |
| Total interest expense | $35.8M |
| Interest expense on deposits | $35.8M |
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 | 4.36% | 1.07% | 3.06% | 5.39% | 1.80% |
| Q4 2023 | 4.45% | 1.59% | 2.98% | 5.46% | 1.81% |
| Q1 2024 | 4.44% | 1.70% | 2.86% | 5.44% | 1.81% |
| Q2 2024 | 4.54% | 1.74% | 2.94% | 5.50% | 1.76% |
| Q3 2024 | 4.62% | 1.77% | 2.99% | 5.57% | 1.74% |
| Q4 2024 | 4.60% | 1.58% | 3.16% | 5.52% | 1.99% |
| Q1 2025 | 4.61% | 1.43% | 3.29% | 5.47% | 2.30% |
| Q2 2025 | 4.69% | 1.43% | 3.38% | 5.53% | 2.43% |
| Q3 2025 | 4.89% | 1.47% | 3.54% | 5.74% | 2.58% |
| Q4 2025 | 4.87% | 1.33% | 3.65% | 5.64% | 2.72% |
| Q1 2026 | 4.84% | 1.25% | 3.69% | 5.52% | 2.77% |
| Q2 2026 | 4.95% | 1.30% | 3.76% | 5.68% | 2.73% |
First 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 First 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 First Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15019) · FFIEC NIC profile (RSSD 216922)