Independent 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 3.2% from Q1 2026 to Q2 2026, ending at $10.8M against $10.5M. It was the largest change among the key lines on this page. Independent Bank ranks 16th of 109 Tennessee banks on net interest margin, in the upper half at 4.68% (Q2 2026). Independent Bank reported 4.68% on net interest margin for Q2 2026, 0.97 points above the 3.71% median for banks in the $1B-10B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 7.81% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.51% |
| Cost of interest-bearing deposits | 3.23% |
| Cost of interest-bearing liabilities | 3.15% |
| Cost of borrowings | 3.91% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.68% |
| Yield to cost spread | 4.66% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $26.5M |
| Total interest expense | $10.8M |
| Interest expense on deposits | $10.8M |
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 |
|---|---|---|---|
| Q3 2023 | 7.36% | 2.11% | 4.84% |
| Q4 2023 | 7.68% | 2.37% | 4.84% |
| Q1 2024 | 7.89% | 2.63% | 4.76% |
| Q2 2024 | 7.95% | 2.83% | 4.61% |
| Q3 2024 | 8.12% | 2.97% | 4.50% |
| Q4 2024 | 8.02% | 2.81% | 4.54% |
| Q1 2025 | 7.67% | 2.55% | 4.49% |
| Q2 2025 | 7.87% | 2.66% | 4.55% |
| Q3 2025 | 8.27% | 2.76% | 4.66% |
| Q4 2025 | 8.06% | 2.61% | 4.68% |
| Q1 2026 | 7.85% | 2.51% | 4.71% |
| Q2 2026 | 7.81% | 2.51% | 4.68% |
Independent 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 Independent 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 Independent Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 34728) · FFIEC NIC profile (RSSD 2666400)