Merchants 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: 1.18 percentage points lower than in Q1 2026, at 4.01%. Within North Dakota, Merchants Bank is 12th of 60 on net interest margin, 4.29% as of Q2 2026, above the middle of the field. Merchants Bank reported 4.29% on net interest margin for Q2 2026, 0.34 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.61% |
| Yield on loans | 6.53% |
| Yield on securities | 2.72% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.46% |
| Cost of interest-bearing deposits | 1.85% |
| Cost of interest-bearing liabilities | 1.88% |
| Cost of borrowings | 4.01% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.29% |
| Yield to cost spread | 3.73% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.9M |
| Total interest expense | $831K |
| Interest expense on deposits | $811K |
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 | 5.30% | 1.56% | 3.84% | 6.85% | 1.42% |
| Q4 2023 | 5.32% | 1.72% | 3.71% | 6.86% | 1.38% |
| Q1 2024 | 5.19% | 1.52% | 3.79% | 6.63% | 1.55% |
| Q2 2024 | 5.10% | 1.62% | 3.64% | 6.42% | 1.57% |
| Q3 2024 | 5.58% | 1.95% | 3.80% | 6.86% | 1.82% |
| Q4 2024 | 5.95% | 1.68% | 4.37% | 7.32% | 1.84% |
| Q1 2025 | 5.44% | 1.64% | 3.89% | 6.67% | 1.94% |
| Q2 2025 | 5.74% | 1.61% | 4.26% | 6.82% | 2.00% |
| Q3 2025 | 6.00% | 1.68% | 4.48% | 6.92% | 2.09% |
| Q4 2025 | 5.78% | 1.60% | 4.34% | 6.72% | 2.32% |
| Q1 2026 | 5.37% | 1.53% | 3.98% | 6.38% | 2.46% |
| Q2 2026 | 5.61% | 1.46% | 4.29% | 6.53% | 2.72% |
Merchants 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 Merchants 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 Merchants Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8943) · FFIEC NIC profile (RSSD 700458)