Granite 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.
The standout move of Q2 2026 was in Cost of borrowings: 0.91 percentage points higher than in Q1 2026, at 4.41%. Within Minnesota, Granite Bank is 42nd of 221 on net interest margin, 4.56% as of Q2 2026. The median for banks in the $100M-1B asset tier is 3.94% on net interest margin. Granite Bank sits 0.62 points higher, at 4.56% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.94% |
| Yield on loans | 7.11% |
| Yield on securities | 3.96% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.54% |
| Cost of interest-bearing deposits | 3.18% |
| Cost of interest-bearing liabilities | 3.25% |
| Cost of borrowings | 4.41% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.56% |
| Yield to cost spread | 3.69% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.5M |
| Total interest expense | $2.0M |
| Interest expense on deposits | $1.8M |
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 | 6.52% | 2.21% | 4.45% | 6.87% | 2.60% |
| Q4 2023 | 6.52% | 2.59% | 4.07% | 6.85% | 2.77% |
| Q1 2024 | 6.12% | 2.75% | 3.54% | 6.40% | 2.99% |
| Q2 2024 | 6.31% | 2.86% | 3.57% | 6.59% | 3.36% |
| Q3 2024 | 6.97% | 2.85% | 4.25% | 7.32% | 3.13% |
| Q4 2024 | 6.94% | 3.04% | 4.06% | 7.24% | 3.31% |
| Q1 2025 | 6.73% | 2.64% | 4.22% | 7.00% | 3.45% |
| Q2 2025 | 6.61% | 2.59% | 4.14% | 6.86% | 3.52% |
| Q3 2025 | 6.97% | 2.72% | 4.38% | 7.21% | 3.54% |
| Q4 2025 | 6.85% | 2.61% | 4.40% | 7.11% | 3.44% |
| Q1 2026 | 6.92% | 2.47% | 4.57% | 7.14% | 3.76% |
| Q2 2026 | 6.94% | 2.54% | 4.56% | 7.11% | 3.96% |
Granite 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 Granite 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 Granite Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 5116) · FFIEC NIC profile (RSSD 311256)