First State 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, Net interest margin rose 0.18 percentage points in Q2 2026 to 3.56%, the biggest move on this page. Within Michigan, First State Bank is 57th of 72 on net interest margin, 3.56% as of Q2 2026. First State Bank reported 3.56% on net interest margin for Q2 2026, 0.15 points below the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.42% |
| Yield on loans | 5.95% |
| Yield on securities | 3.06% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.09% |
| Cost of interest-bearing deposits | 2.36% |
| Cost of interest-bearing liabilities | 2.45% |
| Cost of borrowings | 4.01% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.56% |
| Yield to cost spread | 2.97% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $15.9M |
| Total interest expense | $6.3M |
| Interest expense on deposits | $6.1M |
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 | 4.87% | 1.41% | 3.64% | 5.65% | 2.74% |
| Q4 2023 | 5.09% | 1.69% | 3.62% | 5.68% | 2.92% |
| Q1 2024 | 5.05% | 2.38% | 3.10% | 5.62% | 2.78% |
| Q2 2024 | 5.12% | 2.22% | 3.12% | 5.65% | 2.86% |
| Q3 2024 | 5.31% | 2.17% | 3.35% | 5.89% | 2.87% |
| Q4 2024 | 5.17% | 2.26% | 3.07% | 5.79% | 2.91% |
| Q1 2025 | 5.20% | 2.25% | 3.13% | 5.83% | 2.99% |
| Q2 2025 | 5.35% | 2.18% | 3.35% | 6.00% | 3.02% |
| Q3 2025 | 5.54% | 2.14% | 3.58% | 6.12% | 3.04% |
| Q4 2025 | 5.34% | 2.19% | 3.42% | 5.79% | 3.01% |
| Q1 2026 | 5.25% | 2.12% | 3.38% | 5.75% | 3.05% |
| Q2 2026 | 5.42% | 2.09% | 3.56% | 5.95% | 3.06% |
First State 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 State 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 State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15032) · FFIEC NIC profile (RSSD 113740)