Mechanics & Farmers 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 biggest quarter-over-quarter change on this page was a small one: Net interest margin edged up 0.09 percentage points between Q1 2026 and Q2 2026, to 4.11%. Within North Carolina, Mechanics & Farmers Bank is 7th of 38 on net interest margin, 4.11% as of Q2 2026, above the middle of the field. Mechanics & Farmers Bank reported 4.11% on net interest margin for Q2 2026, 0.16 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.15% |
| Yield on loans | 6.15% |
| Yield on securities | 3.75% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.18% |
| Cost of interest-bearing deposits | 1.52% |
| Cost of interest-bearing liabilities | 1.52% |
| Cost of borrowings | 0.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.11% |
| Yield to cost spread | 3.63% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $4.2M |
| Total interest expense | $1.2M |
| Interest expense on deposits | $1.2M |
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 | 5.15% | 0.53% | 4.66% | 6.11% | 1.95% |
| Q4 2023 | 5.27% | 0.85% | 4.50% | 6.23% | 2.54% |
| Q1 2024 | 5.29% | 1.13% | 4.32% | 6.27% | 2.92% |
| Q2 2024 | 5.31% | 1.30% | 4.17% | 6.29% | 3.28% |
| Q3 2024 | 5.40% | 1.48% | 4.10% | 6.40% | 3.50% |
| Q4 2024 | 5.31% | 1.55% | 3.93% | 6.37% | 3.56% |
| Q1 2025 | 5.19% | 1.41% | 3.94% | 6.19% | 3.66% |
| Q2 2025 | 5.38% | 1.36% | 4.18% | 6.50% | 3.70% |
| Q3 2025 | 5.35% | 1.33% | 4.18% | 6.44% | 3.71% |
| Q4 2025 | 5.38% | 1.24% | 4.29% | 6.50% | 3.74% |
| Q1 2026 | 5.06% | 1.19% | 4.02% | 5.98% | 3.76% |
| Q2 2026 | 5.15% | 1.18% | 4.11% | 6.15% | 3.75% |
Mechanics & Farmers 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 Mechanics & Farmers 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 Mechanics & Farmers Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 12266) · FFIEC NIC profile (RSSD 332224)