First Community 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.
In Q2 2026, Cost of borrowings edged up by 0.21 percentage points, from 3.24% to 3.45%, the largest move among the key lines here. As of Q2 2026, First Community Bank ranks first in Michigan on net interest margin among 72 banks, at 5.42%. First Community Bank reported 5.42% on net interest margin for Q2 2026, 1.47 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.25% |
| Yield on loans | 6.68% |
| Yield on securities | 2.99% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.87% |
| Cost of interest-bearing deposits | 1.16% |
| Cost of interest-bearing liabilities | 1.41% |
| Cost of borrowings | 3.45% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 5.42% |
| Yield to cost spread | 4.84% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.7M |
| Total interest expense | $811K |
| Interest expense on deposits | $625K |
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 | 5.23% | 0.58% | 4.67% | 5.76% | 2.85% |
| Q4 2023 | 5.43% | 0.80% | 4.66% | 6.01% | 2.85% |
| Q1 2024 | 5.51% | 0.91% | 4.63% | 6.07% | 2.85% |
| Q2 2024 | 5.79% | 1.03% | 4.81% | 6.34% | 2.92% |
| Q3 2024 | 5.85% | 0.77% | 5.12% | 6.36% | 2.98% |
| Q4 2024 | 5.91% | 0.73% | 5.22% | 6.42% | 2.87% |
| Q1 2025 | 5.78% | 0.80% | 5.03% | 6.27% | 2.86% |
| Q2 2025 | 5.98% | 1.12% | 4.90% | 6.44% | 2.87% |
| Q3 2025 | 6.07% | 0.84% | 5.28% | 6.57% | 2.86% |
| Q4 2025 | 6.07% | 0.80% | 5.31% | 6.50% | 2.91% |
| Q1 2026 | 6.14% | 0.79% | 5.39% | 6.57% | 2.97% |
| Q2 2026 | 6.25% | 0.87% | 5.42% | 6.68% | 2.99% |
First Community 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 Community 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 Community Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13179) · FFIEC NIC profile (RSSD 932745)