Merchants National 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 dropped 15.5% in Q2 2026, from $4.3M to $3.7M. It was the largest change from Q1 2026 among the key lines here. Within Ohio, Merchants National Bank is 74th of 156 on net interest margin, 3.79% as of Q2 2026, above the middle of the field. At 3.79%, Merchants National Bank'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 | 4.99% |
| Yield on loans | 5.65% |
| Yield on securities | 1.88% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.38% |
| Cost of interest-bearing deposits | 1.57% |
| Cost of interest-bearing liabilities | 1.58% |
| Cost of borrowings | 2.69% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.79% |
| Yield to cost spread | 3.41% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $13.2M |
| Total interest expense | $3.7M |
| Interest expense on deposits | $3.6M |
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 | 4.41% | 1.77% | 2.82% | 5.04% | 1.45% |
| Q4 2023 | 4.53% | 1.95% | 2.82% | 5.14% | 1.49% |
| Q1 2024 | 4.52% | 1.95% | 2.70% | 5.18% | 1.48% |
| Q2 2024 | 4.63% | 2.05% | 2.79% | 5.27% | 1.49% |
| Q3 2024 | 4.73% | 2.21% | 2.74% | 5.42% | 1.51% |
| Q4 2024 | 4.96% | 1.98% | 3.20% | 5.50% | 1.55% |
| Q1 2025 | 4.66% | 1.86% | 3.02% | 5.36% | 1.56% |
| Q2 2025 | 4.95% | 1.77% | 3.42% | 5.63% | 1.63% |
| Q3 2025 | 4.95% | 1.83% | 3.34% | 5.68% | 1.67% |
| Q4 2025 | 5.09% | 1.71% | 3.60% | 5.68% | 1.73% |
| Q1 2026 | 4.78% | 1.56% | 3.41% | 5.57% | 1.78% |
| Q2 2026 | 4.99% | 1.38% | 3.79% | 5.65% | 1.88% |
Merchants National 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 National 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 National Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 6605) · FFIEC NIC profile (RSSD 701222)