First Fed 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.
Compared with Q1 2026, Cost of borrowings rose 0.26 percentage points in Q2 2026 to 3.95%, the biggest move on this page. First Fed Bank ranks 21st of 29 Washington banks on net interest margin, in the lower half at 3.07% (Q2 2026). First Fed Bank reported 3.07% on net interest margin for Q2 2026, 0.64 points below the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.19% |
| Yield on loans | 5.49% |
| Yield on securities | 3.79% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.28% |
| Cost of interest-bearing deposits | 2.36% |
| Cost of interest-bearing liabilities | 2.55% |
| Cost of borrowings | 3.95% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.07% |
| Yield to cost spread | 2.64% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $22.0M |
| Total interest expense | $10.5M |
| Interest expense on deposits | $8.0M |
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 | 5.05% | 2.16% | 3.04% | 5.29% | 3.87% |
| Q4 2023 | 5.17% | 2.43% | 2.90% | 5.38% | 4.07% |
| Q1 2024 | 5.28% | 2.65% | 2.81% | 5.44% | 4.39% |
| Q2 2024 | 5.34% | 2.75% | 2.74% | 5.54% | 4.22% |
| Q3 2024 | 5.32% | 2.74% | 2.73% | 5.49% | 4.42% |
| Q4 2024 | 5.32% | 2.74% | 2.76% | 5.56% | 4.22% |
| Q1 2025 | 5.13% | 2.54% | 2.74% | 5.36% | 4.14% |
| Q2 2025 | 5.25% | 2.56% | 2.85% | 5.52% | 4.03% |
| Q3 2025 | 5.27% | 2.46% | 2.96% | 5.54% | 3.98% |
| Q4 2025 | 5.26% | 2.32% | 3.07% | 5.54% | 3.92% |
| Q1 2026 | 5.16% | 2.24% | 3.06% | 5.46% | 3.72% |
| Q2 2026 | 5.19% | 2.28% | 3.07% | 5.49% | 3.79% |
First Fed 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 Fed 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 Fed Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 28405) · FFIEC NIC profile (RSSD 403179)