The First Bank and Trust Company: 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, Cost of borrowings fell 0.46 percentage points in Q2 2026 to 2.23%, the biggest move on this page. The First Bank and Trust Company ranks 16th of 56 Virginia banks on net interest margin, in the upper half at 4.22% (Q2 2026). The First Bank and Trust Company reported 4.22% on net interest margin for Q2 2026, 0.51 points above the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.32% |
| Yield on loans | 6.73% |
| Yield on securities | 1.30% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.28% |
| Cost of interest-bearing deposits | 2.82% |
| Cost of interest-bearing liabilities | 2.82% |
| Cost of borrowings | 2.23% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.22% |
| Yield to cost spread | 3.50% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $60.6M |
| Total interest expense | $21.3M |
| Interest expense on deposits | $21.3M |
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 | 6.13% | 2.08% | 3.80% | 6.39% | 1.11% |
| Q4 2023 | 6.17% | 2.27% | 3.66% | 6.44% | 1.16% |
| Q1 2024 | 6.27% | 2.38% | 3.64% | 6.50% | 1.14% |
| Q2 2024 | 6.42% | 2.55% | 3.66% | 6.65% | 1.14% |
| Q3 2024 | 6.54% | 2.63% | 3.67% | 6.81% | 1.19% |
| Q4 2024 | 6.43% | 2.41% | 3.83% | 6.74% | 1.30% |
| Q1 2025 | 6.32% | 2.28% | 3.86% | 6.65% | 1.28% |
| Q2 2025 | 6.38% | 2.67% | 3.90% | 6.68% | 1.29% |
| Q3 2025 | 6.56% | 2.69% | 4.06% | 6.92% | 1.29% |
| Q4 2025 | 6.40% | 2.51% | 4.08% | 6.83% | 1.29% |
| Q1 2026 | 6.21% | 2.28% | 4.10% | 6.64% | 1.27% |
| Q2 2026 | 6.32% | 2.28% | 4.22% | 6.73% | 1.30% |
The First Bank and Trust Company yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock The First Bank and Trust Company, 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 The First Bank and Trust Company profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 22918) · FFIEC NIC profile (RSSD 223322)