First Farmers & Merchants State Bank of Grand Meadow: 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.
Compared with Q1 2026, Net interest margin rose 0.26 percentage points in Q2 2026 to 4.51%, the biggest move on this page. First Farmers & Merchants State Bank of Grand Meadow ranks 50th of 221 Minnesota banks on net interest margin, in the upper half at 4.51% (Q2 2026). The median for banks in the < $100M asset tier is 3.89% on net interest margin. First Farmers & Merchants State Bank of Grand Meadow sits 0.62 points higher, at 4.51% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.22% |
| Yield on loans | 6.87% |
| Yield on securities | 2.87% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.88% |
| Cost of interest-bearing deposits | 2.19% |
| Cost of interest-bearing liabilities | 2.18% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.51% |
| Yield to cost spread | 4.04% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.3M |
| Total interest expense | $401K |
| Interest expense on deposits | $399K |
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 | 5.04% | 1.26% | 3.88% | 6.15% | 1.27% |
| Q4 2023 | 5.24% | 1.38% | 3.94% | 6.34% | 1.27% |
| Q1 2024 | 5.37% | 1.87% | 3.73% | 6.44% | 1.22% |
| Q2 2024 | 5.55% | 2.42% | 3.52% | 6.58% | 1.31% |
| Q3 2024 | 5.84% | 2.60% | 3.58% | 6.85% | 1.37% |
| Q4 2024 | 5.81% | 2.25% | 3.76% | 6.81% | 1.53% |
| Q1 2025 | 5.76% | 2.17% | 3.74% | 6.73% | 1.71% |
| Q2 2025 | 6.38% | 2.08% | 4.45% | 7.38% | 2.12% |
| Q3 2025 | 6.08% | 2.10% | 4.13% | 7.09% | 2.37% |
| Q4 2025 | 5.94% | 2.03% | 4.06% | 6.82% | 2.66% |
| Q1 2026 | 5.95% | 1.83% | 4.25% | 6.93% | 2.84% |
| Q2 2026 | 6.22% | 1.88% | 4.51% | 6.87% | 2.87% |
First Farmers & Merchants State Bank of Grand Meadow 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 State Bank of Grand Meadow, 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 State Bank of Grand Meadow profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15621) · FFIEC NIC profile (RSSD 77150)