Northern Bank & Trust Company: 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.
In Q2 2026, Total interest expense edged up by 1.5%, from $17.3M to $17.5M, the largest move among the key lines here. Among 89 Massachusetts banks, Northern Bank & Trust Company sits 2nd from the top on net interest margin, 4.92% as of Q2 2026. The median for banks in the $1B-10B asset tier is 3.71% on net interest margin. Northern Bank & Trust Company sits 1.21 points higher, at 4.92% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 7.12% |
| Yield on loans | 7.47% |
| Yield on securities | 3.25% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.52% |
| Cost of interest-bearing deposits | 3.03% |
| Cost of interest-bearing liabilities | 3.05% |
| Cost of borrowings | 4.03% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.92% |
| Yield to cost spread | 4.07% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $54.8M |
| Total interest expense | $17.5M |
| Interest expense on deposits | $17.1M |
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 | 7.25% | 2.18% | 4.98% | 7.51% | 2.51% |
| Q4 2023 | 7.77% | 2.42% | 5.31% | 8.05% | 2.89% |
| Q1 2024 | 7.07% | 2.66% | 4.42% | 7.33% | 3.67% |
| Q2 2024 | 7.44% | 2.88% | 4.54% | 7.75% | 3.50% |
| Q3 2024 | 7.57% | 2.94% | 4.62% | 7.87% | 3.80% |
| Q4 2024 | 7.12% | 2.86% | 4.29% | 7.41% | 3.58% |
| Q1 2025 | 8.22% | 2.67% | 5.56% | 8.66% | 3.32% |
| Q2 2025 | 7.31% | 2.52% | 4.81% | 7.65% | 3.25% |
| Q3 2025 | 7.35% | 2.52% | 4.87% | 7.73% | 3.34% |
| Q4 2025 | 7.46% | 2.72% | 5.11% | 7.81% | 3.21% |
| Q1 2026 | 7.17% | 2.56% | 4.94% | 7.53% | 3.17% |
| Q2 2026 | 7.12% | 2.52% | 4.92% | 7.47% | 3.25% |
Northern Bank & Trust Company yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Northern Bank & Trust Company, 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 Northern Bank & Trust Company profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 18266) · FFIEC NIC profile (RSSD 900306)