First Seacoast 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.
Compared with Q1 2026, Total interest expense fell 7.4% in Q2 2026 to $2.7M, the biggest move on this page. First Seacoast Bank has the 3rd lowest net interest margin of the 16 banks headquartered in New Hampshire, at 2.60% as of Q2 2026. First Seacoast Bank reported 2.60% on net interest margin for Q2 2026, 1.34 points below the 3.94% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.51% |
| Yield on loans | 4.71% |
| Yield on securities | 3.71% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.10% |
| Cost of interest-bearing deposits | 1.66% |
| Cost of interest-bearing liabilities | 2.52% |
| Cost of borrowings | 9.51% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 2.60% |
| Yield to cost spread | 1.99% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $4.9M |
| Total interest expense | $2.7M |
| Interest expense on deposits | $1.6M |
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 | 3.75% | 2.17% | 1.87% | 4.08% | 2.19% |
| Q4 2023 | 4.11% | 2.50% | 1.97% | 4.39% | 2.78% |
| Q1 2024 | 4.26% | 2.54% | 2.04% | 4.38% | 3.37% |
| Q2 2024 | 4.52% | 2.47% | 2.27% | 4.47% | 4.00% |
| Q3 2024 | 4.56% | 2.65% | 2.12% | 4.65% | 3.80% |
| Q4 2024 | 4.20% | 2.63% | 1.81% | 4.57% | 2.61% |
| Q1 2025 | 4.43% | 2.45% | 2.20% | 4.57% | 3.52% |
| Q2 2025 | 4.53% | 2.43% | 2.32% | 4.68% | 3.71% |
| Q3 2025 | 4.58% | 2.49% | 2.30% | 4.72% | 3.85% |
| Q4 2025 | 4.61% | 2.41% | 2.43% | 4.75% | 3.75% |
| Q1 2026 | 4.46% | 2.21% | 2.44% | 4.67% | 3.58% |
| Q2 2026 | 4.51% | 2.10% | 2.60% | 4.71% | 3.71% |
First Seacoast 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 Seacoast 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 Seacoast Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 29744) · FFIEC NIC profile (RSSD 119872)