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 Net interest margin, which rose 0.18 percentage points to 3.49%. First Bank has the 1st lowest net interest margin of the 5 banks headquartered in Alaska, at 3.49% as of Q2 2026. First Bank reported 3.49% on net interest margin for Q2 2026, 0.45 points below the 3.94% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.76% |
| Yield on loans | 7.01% |
| Yield on securities | 3.82% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.17% |
| Cost of interest-bearing deposits | 2.20% |
| Cost of interest-bearing liabilities | 2.20% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.49% |
| Yield to cost spread | 2.56% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $4.3M |
| Total interest expense | $2.7M |
| Interest expense on deposits | $2.7M |
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 | 4.33% | 1.13% | 3.03% | 6.15% | 3.44% |
| Q4 2023 | 4.60% | 1.35% | 3.07% | 6.20% | 3.58% |
| Q1 2024 | 4.52% | 1.52% | 2.84% | 6.17% | 3.65% |
| Q2 2024 | 4.75% | 1.60% | 3.00% | 6.31% | 3.77% |
| Q3 2024 | 4.83% | 1.59% | 3.09% | 6.80% | 3.85% |
| Q4 2024 | 4.83% | 1.42% | 3.27% | 6.65% | 3.79% |
| Q1 2025 | 4.65% | 1.38% | 3.15% | 6.66% | 3.77% |
| Q2 2025 | 4.83% | 1.41% | 3.29% | 6.92% | 3.78% |
| Q3 2025 | 4.68% | 1.38% | 3.18% | 6.86% | 3.80% |
| Q4 2025 | 4.75% | 1.25% | 3.39% | 6.89% | 3.81% |
| Q1 2026 | 4.58% | 1.18% | 3.31% | 6.73% | 3.77% |
| Q2 2026 | 4.76% | 1.17% | 3.49% | 7.01% | 3.82% |
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 14885) · FFIEC NIC profile (RSSD 451068)