First 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.
Total interest expense dropped 9.5% in Q2 2026, from $1.0M to $928K. It was the largest change from Q1 2026 among the key lines here. Within New Mexico, First National Bank is 25th of 29 on net interest margin, 3.73% as of Q2 2026, below the middle of the field. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. First National Bank sits 0.22 points lower, at 3.73% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.55% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.87% |
| Cost of interest-bearing deposits | 1.32% |
| Cost of interest-bearing liabilities | 1.33% |
| Cost of borrowings | 4.80% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.73% |
| Yield to cost spread | 3.22% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.6M |
| Total interest expense | $928K |
| Interest expense on deposits | $925K |
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 | 3.84% | 0.79% | 3.09% |
| Q4 2023 | 4.17% | 0.91% | 3.31% |
| Q1 2024 | 4.12% | 0.94% | 3.23% |
| Q2 2024 | 4.11% | 1.00% | 3.16% |
| Q3 2024 | 4.20% | 1.04% | 3.21% |
| Q4 2024 | 4.31% | 1.01% | 3.34% |
| Q1 2025 | 4.38% | 0.93% | 3.49% |
| Q2 2025 | 4.44% | 0.90% | 3.59% |
| Q3 2025 | 4.60% | 0.86% | 3.79% |
| Q4 2025 | 4.69% | 0.92% | 3.82% |
| Q1 2026 | 4.95% | 0.93% | 4.07% |
| Q2 2026 | 4.55% | 0.87% | 3.73% |
First 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 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 National Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 17643) · FFIEC NIC profile (RSSD 823450)