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 standout move of Q2 2026 was in Cost of borrowings: 0.86 percentage points higher than in Q1 2026, at 4.33%. Within Virginia, First Bank is 21st of 56 on net interest margin, 4.16% as of Q2 2026. The median for banks in the $1B-10B asset tier is 3.71% on net interest margin. First Bank sits 0.45 points higher, at 4.16% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.27% |
| Yield on loans | 6.00% |
| Yield on securities | 2.64% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.06% |
| Cost of interest-bearing deposits | 1.65% |
| Cost of interest-bearing liabilities | 1.62% |
| Cost of borrowings | 4.33% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.16% |
| Yield to cost spread | 3.65% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $22.1M |
| Total interest expense | $5.4M |
| Interest expense on deposits | $5.4M |
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 | 4.53% | 1.12% | 3.36% | 5.36% | 2.04% |
| Q4 2023 | 4.66% | 1.26% | 3.35% | 5.49% | 2.06% |
| Q1 2024 | 4.81% | 1.56% | 3.24% | 5.56% | 2.12% |
| Q2 2024 | 4.92% | 1.45% | 3.37% | 5.71% | 2.04% |
| Q3 2024 | 5.03% | 1.49% | 3.44% | 5.85% | 2.01% |
| Q4 2024 | 5.30% | 1.35% | 3.92% | 5.93% | 2.31% |
| Q1 2025 | 5.05% | 1.19% | 3.79% | 5.66% | 2.27% |
| Q2 2025 | 5.27% | 1.20% | 4.00% | 5.98% | 2.30% |
| Q3 2025 | 5.26% | 1.23% | 3.95% | 5.95% | 2.47% |
| Q4 2025 | 5.24% | 1.17% | 4.02% | 6.00% | 2.52% |
| Q1 2026 | 5.10% | 1.07% | 3.96% | 5.80% | 2.56% |
| Q2 2026 | 5.27% | 1.06% | 4.16% | 6.00% | 2.64% |
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 6917) · FFIEC NIC profile (RSSD 899428)