Grove 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 Net interest margin: 0.74 percentage points higher than in Q1 2026, at 4.96%. On net interest margin, Grove Bank ranks 19th highest among the 221 banks headquartered in Minnesota, at 4.96% (Q2 2026). The median for banks in the < $100M asset tier is 3.89% on net interest margin. Grove Bank sits 1.07 points higher, at 4.96% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 7.08% |
| Yield on loans | 7.83% |
| Yield on securities | 5.68% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.06% |
| Cost of interest-bearing deposits | 2.86% |
| Cost of interest-bearing liabilities | 2.75% |
| Cost of borrowings | 1.72% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.96% |
| Yield to cost spread | 4.33% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $750K |
| Total interest expense | $277K |
| Interest expense on deposits | $263K |
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 | 5.90% | 1.84% | 4.34% | 6.35% | 5.13% |
| Q4 2023 | 5.52% | 1.97% | 3.77% | 5.99% | 5.45% |
| Q1 2024 | 5.93% | 2.11% | 4.06% | 6.44% | 4.94% |
| Q2 2024 | 6.20% | 2.12% | 4.06% | 6.84% | 5.25% |
| Q3 2024 | 6.09% | 2.46% | 3.89% | 6.62% | 5.39% |
| Q4 2024 | 5.92% | 2.30% | 3.85% | 6.59% | 5.32% |
| Q1 2025 | 5.83% | 2.26% | 3.74% | 6.28% | 5.41% |
| Q2 2025 | 6.62% | 2.45% | 4.35% | 7.45% | 5.48% |
| Q3 2025 | 6.12% | 2.36% | 3.94% | 6.58% | 6.05% |
| Q4 2025 | 6.44% | 2.15% | 4.28% | 7.10% | 5.64% |
| Q1 2026 | 6.34% | 2.05% | 4.22% | 7.01% | 5.38% |
| Q2 2026 | 7.08% | 2.06% | 4.96% | 7.83% | 5.68% |
Grove 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 Grove 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 Grove Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8857) · FFIEC NIC profile (RSSD 79257)