Millennial 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 funds: 0.95 percentage points lower than in Q1 2026, at 2.04%. Within Alabama, Millennial Bank is 26th of 93 on net interest margin, 4.44% as of Q2 2026, above the middle of the field. Millennial Bank reported 4.44% on net interest margin for Q2 2026, 0.49 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.72% |
| Yield on loans | 7.31% |
| Yield on securities | 3.34% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.04% |
| Cost of interest-bearing deposits | 2.59% |
| Cost of interest-bearing liabilities | 2.59% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.44% |
| Yield to cost spread | 4.13% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $2.9M |
| Total interest expense | $1.1M |
| Interest expense on deposits | $1.1M |
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 | 6.94% | 2.33% | 4.74% | 7.91% | 2.89% |
| Q4 2023 | 7.56% | 2.95% | 4.83% | 8.58% | 2.93% |
| Q1 2024 | 7.13% | 2.92% | 4.32% | 8.02% | 2.94% |
| Q2 2024 | 7.40% | 3.08% | 4.55% | 8.27% | 2.97% |
| Q3 2024 | 7.18% | 3.08% | 4.30% | 8.09% | 2.95% |
| Q4 2024 | 7.18% | 3.12% | 4.36% | 7.96% | 3.00% |
| Q1 2025 | 6.61% | 2.82% | 4.06% | 7.36% | 3.13% |
| Q2 2025 | 7.07% | 2.81% | 4.63% | 7.90% | 3.22% |
| Q3 2025 | 7.03% | 2.74% | 4.61% | 7.83% | 3.19% |
| Q4 2025 | 7.28% | 2.76% | 4.80% | 8.04% | 3.21% |
| Q1 2026 | 6.69% | 2.99% | 4.33% | 7.43% | 3.17% |
| Q2 2026 | 6.72% | 2.04% | 4.44% | 7.31% | 3.34% |
Millennial 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 Millennial 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 Millennial Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 34460) · FFIEC NIC profile (RSSD 2621285)