Merit 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 Total interest expense: 8.8% higher than in Q1 2026, at $3.4M. Merit Bank ranks 68th of 93 Alabama banks on net interest margin, in the lower half at 3.55% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. Merit Bank sits 0.40 points lower, at 3.55% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.09% |
| Yield on loans | 6.39% |
| Yield on securities | 5.56% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.69% |
| Cost of interest-bearing deposits | 3.17% |
| Cost of interest-bearing liabilities | 3.37% |
| Cost of borrowings | 3.96% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.55% |
| Yield to cost spread | 2.72% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $6.1M |
| Total interest expense | $3.4M |
| Interest expense on deposits | $2.8M |
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 | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 5.29% | 2.92% | 2.59% | 5.13% | 5.17% |
| Q4 2023 | 5.63% | 3.14% | 2.71% | 5.37% | 5.75% |
| Q1 2024 | 5.77% | 3.22% | 2.69% | 5.59% | 5.81% |
| Q2 2024 | 6.00% | 3.36% | 2.77% | 5.88% | 5.81% |
| Q3 2024 | 6.00% | 3.47% | 2.68% | 6.00% | 5.75% |
| Q4 2024 | 6.18% | 3.33% | 3.06% | 6.03% | 5.68% |
| Q1 2025 | 5.85% | 3.29% | 2.79% | 6.10% | 5.55% |
| Q2 2025 | 6.11% | 3.29% | 3.05% | 6.41% | 5.40% |
| Q3 2025 | 6.02% | 3.33% | 2.98% | 6.31% | 5.37% |
| Q4 2025 | 6.54% | 2.96% | 3.82% | 6.98% | 5.43% |
| Q1 2026 | 5.92% | 2.72% | 3.44% | 6.27% | 5.30% |
| Q2 2026 | 6.09% | 2.69% | 3.55% | 6.39% | 5.56% |
Merit 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 Merit 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 Merit Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 15270) · FFIEC NIC profile (RSSD 290838)