First Carolina 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.
Total interest expense rose 5.5% from Q1 2026 to Q2 2026, ending at $20.2M against $19.2M. It was the largest change among the key lines on this page. Within North Carolina, First Carolina Bank is 21st of 38 on net interest margin, 3.35% as of Q2 2026, below the middle of the field. First Carolina Bank reported 3.35% on net interest margin for Q2 2026, 0.36 points below the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.91% |
| Yield on loans | 6.19% |
| Yield on securities | 4.63% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.74% |
| Cost of interest-bearing deposits | 3.49% |
| Cost of interest-bearing liabilities | 3.50% |
| Cost of borrowings | 3.74% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.35% |
| Yield to cost spread | 2.41% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $41.6M |
| Total interest expense | $20.2M |
| Interest expense on deposits | $19.9M |
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 | 6.09% | 3.45% | 2.98% | 6.11% | 6.10% |
| Q4 2023 | 6.25% | 3.41% | 3.11% | 6.29% | 6.08% |
| Q1 2024 | 6.21% | 2.90% | 3.60% | 6.26% | 5.93% |
| Q2 2024 | 6.21% | 3.17% | 3.22% | 6.27% | 5.75% |
| Q3 2024 | 6.36% | 3.30% | 3.30% | 6.45% | 5.68% |
| Q4 2024 | 6.22% | 3.12% | 3.38% | 6.30% | 5.71% |
| Q1 2025 | 5.93% | 2.98% | 3.31% | 6.06% | 5.53% |
| Q2 2025 | 6.02% | 2.99% | 3.21% | 6.16% | 5.37% |
| Q3 2025 | 6.08% | 3.01% | 3.22% | 6.33% | 5.35% |
| Q4 2025 | 6.02% | 2.86% | 3.32% | 6.27% | 4.94% |
| Q1 2026 | 5.75% | 2.71% | 3.34% | 6.03% | 4.71% |
| Q2 2026 | 5.91% | 2.74% | 3.35% | 6.19% | 4.63% |
First Carolina 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 Carolina 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 Carolina Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 35530) · FFIEC NIC profile (RSSD 2963266)