First National Bank in Philip: 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 biggest quarter-over-quarter change on this page was a small one: Total interest expense edged up 1.9% between Q1 2026 and Q2 2026, to $2.2M. First National Bank in Philip ranks 39th of 56 South Dakota banks on net interest margin, in the lower half at 3.55% (Q2 2026). First National Bank in Philip reported 3.55% on net interest margin for Q2 2026, 0.40 points below the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.56% |
| Yield on loans | 6.79% |
| Yield on securities | 3.57% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.21% |
| Cost of interest-bearing deposits | 2.69% |
| Cost of interest-bearing liabilities | 2.69% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.55% |
| Yield to cost spread | 2.87% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $4.6M |
| Total interest expense | $2.2M |
| Interest expense on deposits | $2.2M |
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 | 5.61% | 2.62% | 3.19% | 7.01% | 2.40% |
| Q4 2023 | 5.64% | 2.70% | 3.20% | 7.05% | 2.40% |
| Q1 2024 | 5.69% | 2.68% | 3.23% | 7.09% | 2.41% |
| Q2 2024 | 5.86% | 2.81% | 3.33% | 7.20% | 2.44% |
| Q3 2024 | 6.08% | 2.88% | 3.44% | 7.39% | 2.45% |
| Q4 2024 | 5.65% | 2.75% | 3.17% | 7.06% | 2.57% |
| Q1 2025 | 5.46% | 2.57% | 3.10% | 6.83% | 3.05% |
| Q2 2025 | 5.83% | 2.64% | 3.44% | 7.17% | 3.29% |
| Q3 2025 | 6.02% | 2.65% | 3.59% | 7.16% | 3.38% |
| Q4 2025 | 5.56% | 2.27% | 3.52% | 6.97% | 3.42% |
| Q1 2026 | 5.44% | 2.07% | 3.51% | 6.72% | 3.49% |
| Q2 2026 | 5.56% | 2.21% | 3.55% | 6.79% | 3.57% |
First National Bank in Philip 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 in Philip, 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 in Philip profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 3999) · FFIEC NIC profile (RSSD 538754)