First State Bank of Middlebury: 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 Total interest expense, which rose 2.8% to $3.3M. Within Indiana, First State Bank of Middlebury is 16th of 87 on net interest margin, 4.21% as of Q2 2026, above the middle of the field. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. First State Bank of Middlebury sits 0.26 points higher, at 4.21% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.86% |
| Yield on loans | 6.53% |
| Yield on securities | 2.71% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.78% |
| Cost of interest-bearing deposits | 1.95% |
| Cost of interest-bearing liabilities | 2.20% |
| Cost of borrowings | 3.83% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.21% |
| Yield to cost spread | 3.66% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $10.6M |
| Total interest expense | $3.3M |
| Interest expense on deposits | $2.6M |
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 | 5.16% | 1.56% | 3.72% | 6.02% | 2.43% |
| Q4 2023 | 5.33% | 1.88% | 3.61% | 6.19% | 2.43% |
| Q1 2024 | 5.46% | 1.95% | 3.67% | 6.22% | 2.59% |
| Q2 2024 | 5.58% | 2.07% | 3.68% | 6.32% | 2.66% |
| Q3 2024 | 5.71% | 2.11% | 3.79% | 6.51% | 2.67% |
| Q4 2024 | 5.68% | 2.02% | 3.84% | 6.42% | 2.64% |
| Q1 2025 | 5.66% | 1.96% | 3.86% | 6.39% | 2.67% |
| Q2 2025 | 5.93% | 1.89% | 4.18% | 6.70% | 2.64% |
| Q3 2025 | 5.92% | 1.92% | 4.14% | 6.66% | 2.66% |
| Q4 2025 | 5.97% | 1.81% | 4.33% | 6.71% | 2.65% |
| Q1 2026 | 5.71% | 1.76% | 4.10% | 6.39% | 2.67% |
| Q2 2026 | 5.86% | 1.78% | 4.21% | 6.53% | 2.71% |
First State Bank of Middlebury 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 Middlebury, 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 Middlebury profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8745) · FFIEC NIC profile (RSSD 967046)