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.
Compared with Q1 2026, Total interest expense rose 2.8% in Q2 2026 to $22.5M, the biggest move on this page. Within New Jersey, First Bank is 13th of 49 on net interest margin, 3.67% as of Q2 2026. The median for banks in the $1B-10B asset tier is 3.71% on net interest margin; First Bank reported 3.67% for Q2 2026, nearly level with it.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.04% |
| Yield on loans | 6.31% |
| Yield on securities | 3.88% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.54% |
| Cost of interest-bearing deposits | 2.91% |
| Cost of interest-bearing liabilities | 3.04% |
| Cost of borrowings | 4.29% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.67% |
| Yield to cost spread | 3.00% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $53.1M |
| Total interest expense | $22.5M |
| Interest expense on deposits | $19.6M |
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 | 5.92% | 2.71% | 3.39% | 6.14% | 2.95% |
| Q4 2023 | 6.36% | 2.82% | 3.71% | 6.55% | 2.91% |
| Q1 2024 | 6.39% | 2.94% | 3.62% | 6.62% | 3.31% |
| Q2 2024 | 6.55% | 3.15% | 3.60% | 6.77% | 3.59% |
| Q3 2024 | 6.53% | 3.22% | 3.50% | 6.77% | 3.60% |
| Q4 2024 | 6.39% | 3.04% | 3.55% | 6.65% | 3.71% |
| Q1 2025 | 6.26% | 2.84% | 3.60% | 6.50% | 3.71% |
| Q2 2025 | 6.33% | 2.86% | 3.64% | 6.60% | 3.82% |
| Q3 2025 | 6.44% | 2.89% | 3.74% | 6.72% | 3.87% |
| Q4 2025 | 6.28% | 2.72% | 3.77% | 6.62% | 3.79% |
| Q1 2026 | 5.98% | 2.53% | 3.64% | 6.27% | 3.80% |
| Q2 2026 | 6.04% | 2.54% | 3.67% | 6.31% | 3.88% |
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 58481) · FFIEC NIC profile (RSSD 3401970)