First Bank, Upper Michigan: 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: 1.14 percentage points higher than in Q1 2026, at 3.88%. First Bank, Upper Michigan ranks 25th of 72 Michigan banks on net interest margin, in the upper half at 4.37% (Q2 2026). First Bank, Upper Michigan reported 4.37% on net interest margin for Q2 2026, 0.42 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.95% |
| Yield on loans | 6.97% |
| Yield on securities | 2.13% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.71% |
| Cost of interest-bearing deposits | 2.03% |
| Cost of interest-bearing liabilities | 2.07% |
| Cost of borrowings | 3.88% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.37% |
| Yield to cost spread | 3.88% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $7.8M |
| Total interest expense | $2.3M |
| Interest expense on deposits | $2.2M |
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 | 4.73% | 1.43% | 3.39% | 5.73% | 1.87% |
| Q4 2023 | 4.92% | 1.66% | 3.41% | 5.96% | 1.91% |
| Q1 2024 | 5.02% | 1.79% | 3.34% | 6.04% | 1.91% |
| Q2 2024 | 5.13% | 1.79% | 3.46% | 6.19% | 1.94% |
| Q3 2024 | 5.52% | 1.82% | 3.81% | 6.63% | 1.92% |
| Q4 2024 | 5.47% | 1.79% | 3.79% | 6.59% | 1.88% |
| Q1 2025 | 5.53% | 1.69% | 3.95% | 6.64% | 1.90% |
| Q2 2025 | 5.69% | 1.70% | 4.10% | 6.77% | 1.88% |
| Q3 2025 | 5.80% | 1.75% | 4.17% | 6.91% | 1.90% |
| Q4 2025 | 5.80% | 1.76% | 4.19% | 6.94% | 2.00% |
| Q1 2026 | 5.80% | 1.69% | 4.23% | 6.86% | 2.14% |
| Q2 2026 | 5.95% | 1.71% | 4.37% | 6.97% | 2.13% |
First Bank, Upper Michigan 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, Upper Michigan, 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, Upper Michigan profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 14276) · FFIEC NIC profile (RSSD 239556)