First Farmers & Merchants 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.
Cost of borrowings dropped 0.94 percentage points in Q2 2026, from 2.29% to 1.34%. It was the largest change from Q1 2026 among the key lines here. Within Minnesota, First Farmers & Merchants National Bank is 106th of 221 on net interest margin, 4.05% as of Q2 2026, above the middle of the field. At 4.05%, First Farmers & Merchants National Bank's net interest margin is close to the 3.95% median for banks in the $100M-1B asset tier (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.52% |
| Yield on loans | 6.47% |
| Yield on securities | 2.16% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.63% |
| Cost of interest-bearing deposits | 1.95% |
| Cost of interest-bearing liabilities | 1.94% |
| Cost of borrowings | 1.34% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.05% |
| Yield to cost spread | 3.58% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.0M |
| Total interest expense | $901K |
| Interest expense on deposits | $896K |
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 | 4.65% | 1.24% | 3.55% | 5.86% | 1.11% |
| Q4 2023 | 4.80% | 1.51% | 3.43% | 6.02% | 1.10% |
| Q1 2024 | 4.84% | 1.72% | 3.28% | 6.07% | 1.10% |
| Q2 2024 | 5.06% | 1.81% | 3.41% | 6.19% | 1.25% |
| Q3 2024 | 5.13% | 1.93% | 3.38% | 6.31% | 1.49% |
| Q4 2024 | 5.22% | 1.86% | 3.55% | 6.30% | 1.51% |
| Q1 2025 | 5.13% | 1.63% | 3.61% | 6.17% | 1.53% |
| Q2 2025 | 5.30% | 1.71% | 3.76% | 6.34% | 1.54% |
| Q3 2025 | 5.65% | 1.68% | 4.12% | 6.91% | 1.60% |
| Q4 2025 | 5.40% | 1.66% | 3.91% | 6.54% | 1.81% |
| Q1 2026 | 5.37% | 1.63% | 3.88% | 6.39% | 2.06% |
| Q2 2026 | 5.52% | 1.63% | 4.05% | 6.47% | 2.16% |
First Farmers & Merchants 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 Farmers & Merchants 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 Farmers & Merchants National Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 5186) · FFIEC NIC profile (RSSD 917854)