First Bank & Trust: 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 0.30 percentage points in Q2 2026 to 0.00%, the biggest move on this page. First Bank & Trust ranks 33rd of 56 South Dakota banks on net interest margin, in the lower half at 3.76% (Q2 2026). The median for banks in the $1B-10B asset tier is 3.71% on net interest margin; First Bank & Trust reported 3.76% for Q2 2026, nearly level with it.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.75% |
| Yield on loans | 6.58% |
| Yield on securities | 2.83% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.14% |
| Cost of interest-bearing deposits | 2.63% |
| Cost of interest-bearing liabilities | 2.63% |
| Cost of borrowings | 0.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.76% |
| Yield to cost spread | 3.12% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $57.4M |
| Total interest expense | $22.7M |
| Interest expense on deposits | $22.7M |
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 | 5.08% | 2.20% | 3.01% | 5.90% | 1.94% |
| Q4 2023 | 5.17% | 2.60% | 2.72% | 5.94% | 2.03% |
| Q1 2024 | 5.16% | 2.70% | 2.62% | 5.90% | 2.06% |
| Q2 2024 | 5.32% | 2.77% | 2.72% | 6.06% | 2.15% |
| Q3 2024 | 5.57% | 2.86% | 2.89% | 6.35% | 2.17% |
| Q4 2024 | 5.61% | 2.70% | 3.10% | 6.39% | 2.18% |
| Q1 2025 | 5.45% | 2.53% | 3.08% | 6.20% | 2.23% |
| Q2 2025 | 5.60% | 2.56% | 3.21% | 6.40% | 2.30% |
| Q3 2025 | 5.76% | 2.55% | 3.41% | 6.56% | 2.50% |
| Q4 2025 | 5.68% | 2.40% | 3.49% | 6.51% | 2.56% |
| Q1 2026 | 5.61% | 2.14% | 3.63% | 6.37% | 2.69% |
| Q2 2026 | 5.75% | 2.14% | 3.76% | 6.58% | 2.83% |
First Bank & Trust 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 & Trust, 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 & Trust profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 3973) · FFIEC NIC profile (RSSD 77851)