First Choice 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 largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.22 percentage points to 3.90%. Within Mississippi, First Choice Bank is 30th of 57 on net interest margin, 3.90% as of Q2 2026. The median for banks in the $100M-1B asset tier is 3.94% on net interest margin; First Choice Bank reported 3.90% for Q2 2026, nearly level with it.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.35% |
| Yield on loans | 7.52% |
| Yield on securities | 2.64% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.49% |
| Cost of interest-bearing deposits | 2.80% |
| Cost of interest-bearing liabilities | 2.80% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.90% |
| Yield to cost spread | 3.55% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $7.2M |
| Total interest expense | $3.1M |
| Interest expense on deposits | $3.1M |
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 | 5.25% | 2.19% | 3.22% | 6.53% | 2.72% |
| Q4 2023 | 5.49% | 2.46% | 3.19% | 6.77% | 2.78% |
| Q1 2024 | 5.38% | 2.44% | 3.06% | 6.77% | 2.78% |
| Q2 2024 | 5.73% | 2.77% | 3.10% | 7.12% | 3.06% |
| Q3 2024 | 5.90% | 2.81% | 3.27% | 7.38% | 3.07% |
| Q4 2024 | 6.07% | 2.74% | 3.50% | 7.45% | 2.97% |
| Q1 2025 | 6.06% | 2.62% | 3.56% | 7.36% | 2.91% |
| Q2 2025 | 6.28% | 2.46% | 3.95% | 7.49% | 2.83% |
| Q3 2025 | 6.52% | 2.68% | 4.01% | 7.75% | 2.79% |
| Q4 2025 | 6.48% | 2.65% | 4.00% | 7.64% | 2.68% |
| Q1 2026 | 6.16% | 2.52% | 3.68% | 7.49% | 2.40% |
| Q2 2026 | 6.35% | 2.49% | 3.90% | 7.52% | 2.64% |
First Choice 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 Choice 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 Choice Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 5006) · FFIEC NIC profile (RSSD 968744)