First Independence 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 interest-bearing liabilities fell 0.35 percentage points from Q1 2026 to Q2 2026, ending at 2.67% against 3.02%. It was the largest change among the key lines on this page. First Independence Bank ranks 59th of 72 Michigan banks on net interest margin, in the lower half at 3.55% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.94% on net interest margin. First Independence Bank sits 0.39 points lower, at 3.55% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.44% |
| Yield on loans | 6.27% |
| Yield on securities | 3.45% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.84% |
| Cost of interest-bearing deposits | 2.41% |
| Cost of interest-bearing liabilities | 2.67% |
| Cost of borrowings | 4.79% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.55% |
| Yield to cost spread | 2.77% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $7.9M |
| Total interest expense | $3.7M |
| Interest expense on deposits | $2.9M |
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 | 5.16% | 2.18% | 2.90% | 5.78% | 2.49% |
| Q4 2023 | 5.53% | 2.08% | 3.26% | 6.16% | 2.50% |
| Q1 2024 | 5.28% | 2.04% | 3.09% | 5.93% | 2.47% |
| Q2 2024 | 5.54% | 2.12% | 3.30% | 6.37% | 2.38% |
| Q3 2024 | 5.70% | 2.21% | 3.33% | 6.51% | 2.40% |
| Q4 2024 | 5.31% | 2.06% | 3.02% | 6.05% | 2.77% |
| Q1 2025 | 5.18% | 1.98% | 3.00% | 6.08% | 2.73% |
| Q2 2025 | 5.32% | 1.92% | 3.14% | 6.21% | 3.03% |
| Q3 2025 | 5.06% | 1.88% | 2.93% | 5.91% | 2.93% |
| Q4 2025 | 5.06% | 1.89% | 2.99% | 5.74% | 3.05% |
| Q1 2026 | 5.47% | 1.90% | 3.46% | 6.39% | 3.40% |
| Q2 2026 | 5.44% | 1.84% | 3.55% | 6.27% | 3.45% |
First Independence 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 Independence 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 Independence Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 20179) · FFIEC NIC profile (RSSD 254849)