First National Bank of America: 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 Yield on securities, which rose 0.30 percentage points to 4.20%. First National Bank of America ranks 12th of 72 Michigan banks on net interest margin, in the upper half at 4.76% (Q2 2026). The median for banks in the $1B-10B asset tier is 3.71% on net interest margin. First National Bank of America sits 1.05 points higher, at 4.76% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 8.31% |
| Yield on loans | 8.55% |
| Yield on securities | 4.20% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 3.87% |
| Cost of interest-bearing deposits | 3.88% |
| Cost of interest-bearing liabilities | 3.94% |
| Cost of borrowings | 4.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.76% |
| Yield to cost spread | 4.37% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $134.0M |
| Total interest expense | $59.9M |
| Interest expense on deposits | $36.5M |
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 | 7.82% | 3.36% | 4.76% | 8.02% | 2.71% |
| Q4 2023 | 8.05% | 3.59% | 4.76% | 8.24% | 3.00% |
| Q1 2024 | 8.11% | 3.72% | 4.71% | 8.34% | 2.96% |
| Q2 2024 | 8.25% | 3.80% | 4.79% | 8.45% | 2.96% |
| Q3 2024 | 8.27% | 3.91% | 4.72% | 8.48% | 2.89% |
| Q4 2024 | 8.30% | 3.96% | 4.67% | 8.50% | 3.05% |
| Q1 2025 | 8.26% | 3.85% | 4.73% | 8.50% | 3.24% |
| Q2 2025 | 8.29% | 3.89% | 4.73% | 8.49% | 3.53% |
| Q3 2025 | 8.35% | 3.92% | 4.77% | 8.58% | 3.64% |
| Q4 2025 | 8.34% | 3.91% | 4.76% | 8.57% | 3.80% |
| Q1 2026 | 8.23% | 3.86% | 4.68% | 8.50% | 3.90% |
| Q2 2026 | 8.31% | 3.87% | 4.76% | 8.55% | 4.20% |
First National Bank of America 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 of America, 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 of America profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 17438) · FFIEC NIC profile (RSSD 413141)