Mi 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.
Yield on loans fell 0.55 percentage points from Q1 2026 to Q2 2026, ending at 6.19% against 6.74%. It was the largest change among the key lines on this page. Mi Bank has the 7th lowest net interest margin of the 72 banks headquartered in Michigan, at 3.23% as of Q2 2026. The median for banks in the $100M-1B asset tier is 3.94% on net interest margin. Mi Bank sits 0.71 points lower, at 3.23% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.76% |
| Yield on loans | 6.19% |
| Yield on securities | 1.79% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.80% |
| Cost of interest-bearing deposits | 3.31% |
| Cost of interest-bearing liabilities | 3.31% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.23% |
| Yield to cost spread | 2.45% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.6M |
| Total interest expense | $1.6M |
| Interest expense on deposits | $1.6M |
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 | 5.61% | 2.66% | 3.06% | 6.29% | 1.55% |
| Q4 2023 | 5.67% | 2.73% | 3.15% | 6.08% | 1.60% |
| Q1 2024 | 5.64% | 2.96% | 2.94% | 6.06% | 1.63% |
| Q2 2024 | 5.92% | 3.10% | 3.07% | 6.34% | 1.66% |
| Q3 2024 | 5.79% | 3.09% | 3.02% | 6.27% | 1.64% |
| Q4 2024 | 5.74% | 3.16% | 2.94% | 6.22% | 1.68% |
| Q1 2025 | 5.47% | 3.04% | 2.69% | 6.17% | 1.74% |
| Q2 2025 | 5.82% | 2.92% | 3.12% | 6.18% | 1.71% |
| Q3 2025 | 5.70% | 2.77% | 3.20% | 6.24% | 1.74% |
| Q4 2025 | 5.81% | 2.91% | 3.15% | 6.46% | 1.73% |
| Q1 2026 | 6.04% | 2.81% | 3.48% | 6.74% | 1.81% |
| Q2 2026 | 5.76% | 2.80% | 3.23% | 6.19% | 1.79% |
Mi 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 Mi 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 Mi Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 59138) · FFIEC NIC profile (RSSD 5332603)