First Independent 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 largest change between Q1 2026 and Q2 2026 was in Cost of borrowings, which rose 0.34 percentage points to 3.86%. First Independent Bank ranks 140th of 221 Minnesota banks on net interest margin, in the lower half at 3.80% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. First Independent Bank sits 0.15 points lower, at 3.80% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.50% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.90% |
| Cost of interest-bearing deposits | 2.39% |
| Cost of interest-bearing liabilities | 2.51% |
| Cost of borrowings | 3.86% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.80% |
| Yield to cost spread | 2.99% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $7.0M |
| Total interest expense | $2.7M |
| Interest expense on deposits | $2.4M |
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 |
|---|---|---|---|
| Q3 2023 | 4.47% | 1.37% | 3.22% |
| Q4 2023 | 4.59% | 1.79% | 2.90% |
| Q1 2024 | 4.81% | 1.94% | 2.92% |
| Q2 2024 | 5.26% | 2.12% | 3.27% |
| Q3 2024 | 5.13% | 2.33% | 3.01% |
| Q4 2024 | 5.78% | 2.15% | 3.77% |
| Q1 2025 | 5.14% | 2.03% | 3.26% |
| Q2 2025 | 5.34% | 2.02% | 3.47% |
| Q3 2025 | 5.37% | 2.09% | 3.47% |
| Q4 2025 | 5.51% | 1.97% | 3.71% |
| Q1 2026 | 5.49% | 1.88% | 3.75% |
| Q2 2026 | 5.50% | 1.90% | 3.80% |
First Independent 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 Independent 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 Independent Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1900) · FFIEC NIC profile (RSSD 761851)