First Progressive 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.
Net interest margin fell 0.37 percentage points from Q1 2026 to Q2 2026, ending at 3.32% against 3.69%. It was the largest change among the key lines on this page. Within Alabama, First Progressive Bank is 75th of 93 on net interest margin, 3.32% as of Q2 2026. First Progressive Bank reported 3.32% on net interest margin for Q2 2026, 0.56 points below the 3.88% median for banks in the < $100M asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 3.37% |
| Yield on loans | 5.98% |
| Yield on securities | 1.78% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 0.05% |
| Cost of interest-bearing deposits | 0.13% |
| Cost of interest-bearing liabilities | 0.13% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.32% |
| Yield to cost spread | 3.24% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $157K |
| Total interest expense | $3K |
| Interest expense on deposits | $3K |
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 | 3.30% | 0.06% | 3.25% | 5.36% | 2.01% |
| Q4 2023 | 3.33% | 0.06% | 3.28% | 5.63% | 1.90% |
| Q1 2024 | 3.35% | 0.06% | 3.29% | 5.95% | 1.73% |
| Q2 2024 | 3.55% | 0.05% | 3.51% | 5.88% | 2.07% |
| Q3 2024 | 3.38% | 0.07% | 3.33% | 5.79% | 1.90% |
| Q4 2024 | 3.39% | 0.07% | 3.34% | 6.08% | 1.77% |
| Q1 2025 | 3.21% | 0.05% | 3.17% | 5.82% | 1.58% |
| Q2 2025 | 3.28% | 0.07% | 3.23% | 5.91% | 1.61% |
| Q3 2025 | 3.51% | 0.05% | 3.47% | 5.97% | 1.68% |
| Q4 2025 | 4.00% | 0.05% | 3.95% | 6.02% | 2.72% |
| Q1 2026 | 3.73% | 0.05% | 3.69% | 5.79% | 2.50% |
| Q2 2026 | 3.37% | 0.05% | 3.32% | 5.98% | 1.78% |
First Progressive 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 Progressive 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 Progressive Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 22549) · FFIEC NIC profile (RSSD 177135)