The Garrett 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.
Total interest expense rose 3.7% from Q1 2026 to Q2 2026, ending at $1.8M against $1.8M. It was the largest change among the key lines on this page. Within Indiana, The Garrett State Bank is 57th of 87 on net interest margin, 3.48% as of Q2 2026, below the middle of the field. The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. The Garrett State Bank sits 0.47 points lower, at 3.48% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.37% |
| Yield on loans | 5.86% |
| Yield on securities | 3.86% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.10% |
| Cost of interest-bearing deposits | 2.45% |
| Cost of interest-bearing liabilities | 2.58% |
| Cost of borrowings | 4.23% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.48% |
| Yield to cost spread | 2.79% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $4.2M |
| Total interest expense | $1.8M |
| 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 | 4.71% | 1.74% | 3.12% | 4.92% | 3.05% |
| Q4 2023 | 4.88% | 2.03% | 3.04% | 5.05% | 3.20% |
| Q1 2024 | 4.89% | 2.06% | 3.02% | 5.13% | 3.26% |
| Q2 2024 | 5.24% | 2.15% | 3.30% | 5.48% | 3.29% |
| Q3 2024 | 5.17% | 2.31% | 3.09% | 5.45% | 3.24% |
| Q4 2024 | 5.17% | 2.28% | 3.11% | 5.51% | 3.29% |
| Q1 2025 | 5.13% | 2.18% | 3.14% | 5.48% | 3.41% |
| Q2 2025 | 5.28% | 2.25% | 3.23% | 5.66% | 3.49% |
| Q3 2025 | 5.33% | 2.29% | 3.26% | 5.79% | 3.59% |
| Q4 2025 | 5.30% | 2.25% | 3.27% | 5.82% | 3.66% |
| Q1 2026 | 5.25% | 2.08% | 3.38% | 5.74% | 3.75% |
| Q2 2026 | 5.37% | 2.10% | 3.48% | 5.86% | 3.86% |
The Garrett 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 The Garrett 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 The Garrett State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8074) · FFIEC NIC profile (RSSD 465243)