First Dakota National 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 standout move of Q2 2026 was in Cost of borrowings: 1.14 percentage points lower than in Q1 2026, at 3.70%. Within South Dakota, First Dakota National Bank is 21st of 56 on net interest margin, 4.11% as of Q2 2026, above the middle of the field. The median for banks in the $1B-10B asset tier is 3.71% on net interest margin. First Dakota National Bank sits 0.40 points higher, at 4.11% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.21% |
| Yield on loans | 6.65% |
| Yield on securities | 2.34% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.23% |
| Cost of interest-bearing deposits | 2.55% |
| Cost of interest-bearing liabilities | 2.55% |
| Cost of borrowings | 3.70% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.11% |
| Yield to cost spread | 3.66% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $47.1M |
| Total interest expense | $16.7M |
| Interest expense on deposits | $16.5M |
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 | 5.34% | 2.47% | 2.91% | 5.97% | 2.16% |
| Q4 2023 | 5.50% | 2.72% | 2.92% | 6.11% | 2.18% |
| Q1 2024 | 5.50% | 2.74% | 2.90% | 6.13% | 2.13% |
| Q2 2024 | 5.74% | 2.77% | 3.12% | 6.33% | 2.13% |
| Q3 2024 | 5.87% | 2.86% | 3.17% | 6.50% | 2.05% |
| Q4 2024 | 5.92% | 2.59% | 3.49% | 6.51% | 2.09% |
| Q1 2025 | 5.82% | 2.42% | 3.54% | 6.38% | 2.05% |
| Q2 2025 | 6.02% | 2.46% | 3.70% | 6.54% | 2.06% |
| Q3 2025 | 6.15% | 2.56% | 3.75% | 6.66% | 2.11% |
| Q4 2025 | 6.06% | 2.40% | 3.81% | 6.51% | 2.16% |
| Q1 2026 | 5.88% | 2.22% | 3.79% | 6.34% | 2.23% |
| Q2 2026 | 6.21% | 2.23% | 4.11% | 6.65% | 2.34% |
First Dakota National 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 Dakota National 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 Dakota National Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 4028) · FFIEC NIC profile (RSSD 441256)