Honor 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 Total interest expense: 9.0% higher than in Q1 2026, at $1.5M. Honor Bank ranks 32nd of 72 Michigan banks on net interest margin, in the upper half at 4.22% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.94% on net interest margin. Honor Bank sits 0.28 points higher, at 4.22% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.71% |
| Yield on loans | 6.06% |
| Yield on securities | 3.94% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.56% |
| Cost of interest-bearing deposits | 2.06% |
| Cost of interest-bearing liabilities | 2.15% |
| Cost of borrowings | 3.93% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.22% |
| Yield to cost spread | 3.56% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.2M |
| Total interest expense | $1.5M |
| Interest expense on deposits | $1.4M |
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 | 4.89% | 0.99% | 3.94% | 5.19% | 3.27% |
| Q4 2023 | 4.92% | 1.09% | 3.89% | 5.29% | 3.30% |
| Q1 2024 | 5.06% | 1.29% | 3.84% | 5.39% | 3.51% |
| Q2 2024 | 5.20% | 1.42% | 3.85% | 5.54% | 3.57% |
| Q3 2024 | 5.38% | 1.61% | 3.87% | 5.75% | 3.56% |
| Q4 2024 | 5.46% | 1.67% | 3.88% | 5.84% | 3.62% |
| Q1 2025 | 5.32% | 1.52% | 3.88% | 5.69% | 3.63% |
| Q2 2025 | 5.52% | 1.70% | 3.90% | 5.88% | 3.69% |
| Q3 2025 | 5.62% | 1.65% | 4.07% | 6.01% | 3.70% |
| Q4 2025 | 5.71% | 1.55% | 4.25% | 6.15% | 3.80% |
| Q1 2026 | 5.58% | 1.48% | 4.19% | 5.97% | 3.81% |
| Q2 2026 | 5.71% | 1.56% | 4.22% | 6.06% | 3.94% |
Honor 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 Honor 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 Honor Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8165) · FFIEC NIC profile (RSSD 815147)