Merchants Bank, N.A.: 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: 0.97 percentage points higher than in Q1 2026, at 4.24%. Within Minnesota, Merchants Bank, N.A. is 152nd of 221 on net interest margin, 3.72% as of Q2 2026, below the middle of the field. At 3.72%, Merchants Bank, N.A.'s net interest margin is close to the 3.71% median for banks in the $1B-10B asset tier (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.35% |
| Yield on loans | 5.61% |
| Yield on securities | 4.32% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.76% |
| Cost of interest-bearing deposits | 2.10% |
| Cost of interest-bearing liabilities | 2.11% |
| Cost of borrowings | 4.24% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.72% |
| Yield to cost spread | 3.24% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $28.8M |
| Total interest expense | $11.0M |
| Interest expense on deposits | $10.9M |
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 | 4.99% | 1.42% | 3.69% | 5.24% | 2.30% |
| Q4 2023 | 5.08% | 1.78% | 3.44% | 5.28% | 2.52% |
| Q1 2024 | 5.09% | 1.99% | 3.24% | 5.26% | 2.57% |
| Q2 2024 | 5.37% | 2.05% | 3.47% | 5.49% | 2.63% |
| Q3 2024 | 5.48% | 2.13% | 3.50% | 5.59% | 3.07% |
| Q4 2024 | 5.49% | 2.11% | 3.51% | 5.57% | 3.59% |
| Q1 2025 | 5.14% | 1.99% | 3.26% | 5.37% | 3.81% |
| Q2 2025 | 5.28% | 2.26% | 3.16% | 5.47% | 3.95% |
| Q3 2025 | 5.34% | 1.96% | 3.51% | 5.55% | 4.06% |
| Q4 2025 | 5.31% | 1.87% | 3.57% | 5.53% | 4.04% |
| Q1 2026 | 5.24% | 1.80% | 3.55% | 5.54% | 4.14% |
| Q2 2026 | 5.35% | 1.76% | 3.72% | 5.61% | 4.32% |
Merchants Bank, N.A. 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, N.A., 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, N.A. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8866) · FFIEC NIC profile (RSSD 779351)