First State Bank of Michigan: 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 Net interest margin, which rose 0.26 percentage points to 3.85%. First State Bank of Michigan ranks 46th of 72 Michigan banks on net interest margin, in the lower half at 3.85% (Q2 2026). The median for banks in the < $100M asset tier is 3.89% on net interest margin; First State Bank of Michigan reported 3.85% for Q2 2026, nearly level with it.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.91% |
| Yield on loans | 6.73% |
| Yield on securities | 4.51% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.23% |
| Cost of interest-bearing deposits | 2.91% |
| Cost of interest-bearing liabilities | 2.91% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.85% |
| Yield to cost spread | 3.00% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $944K |
| Total interest expense | $406K |
| Interest expense on deposits | $406K |
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 | 4.25% | 0.68% | 3.66% | 5.41% | 2.69% |
| Q4 2023 | 4.46% | 1.17% | 3.52% | 5.65% | 2.66% |
| Q1 2024 | 4.31% | 1.19% | 3.33% | 5.43% | 2.65% |
| Q2 2024 | 4.51% | 1.04% | 3.64% | 5.62% | 2.54% |
| Q3 2024 | 4.18% | 1.17% | 3.17% | 5.72% | 1.63% |
| Q4 2024 | 3.99% | -2.49% | 3.30% | 4.72% | 2.85% |
| Q1 2025 | 5.51% | 1.20% | 4.51% | 7.42% | 4.21% |
| Q2 2025 | 6.10% | 1.13% | 5.17% | 7.37% | 4.61% |
| Q3 2025 | 6.00% | 1.52% | 4.74% | 7.27% | 4.72% |
| Q4 2025 | 6.03% | 1.93% | 4.47% | 6.94% | 4.72% |
| Q1 2026 | 5.61% | 2.33% | 3.59% | 6.85% | 4.60% |
| Q2 2026 | 5.91% | 2.23% | 3.85% | 6.73% | 4.51% |
First State Bank of Michigan 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 of Michigan, 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 of Michigan profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 12893) · FFIEC NIC profile (RSSD 654047)