Peoples Independent 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 Yield on securities: 0.97 percentage points lower than in Q1 2026, at 3.40%. Peoples Independent Bank ranks 71st of 93 Alabama banks on net interest margin, in the lower half at 3.45% (Q2 2026). Peoples Independent Bank reported 3.45% on net interest margin for Q2 2026, 0.50 points below the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.26% |
| Yield on loans | 7.54% |
| Yield on securities | 3.40% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.98% |
| Cost of interest-bearing deposits | 2.46% |
| Cost of interest-bearing liabilities | 2.46% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.45% |
| Yield to cost spread | 2.80% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $3.7M |
| Total interest expense | $2.2M |
| Interest expense on deposits | $2.2M |
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 | 5.41% | 1.85% | 3.65% | 6.68% | 5.42% |
| Q4 2023 | 5.62% | 1.96% | 3.73% | 6.91% | 5.49% |
| Q1 2024 | 5.66% | 2.06% | 3.76% | 7.14% | 6.04% |
| Q2 2024 | 5.98% | 1.99% | 4.13% | 7.28% | 6.21% |
| Q3 2024 | 6.04% | 2.10% | 4.14% | 7.48% | 6.07% |
| Q4 2024 | 6.12% | 2.13% | 4.20% | 7.83% | 6.10% |
| Q1 2025 | 5.50% | 2.02% | 3.65% | 7.37% | 5.02% |
| Q2 2025 | 5.61% | 2.06% | 3.73% | 7.60% | 4.97% |
| Q3 2025 | 5.85% | 2.11% | 3.91% | 7.88% | 4.98% |
| Q4 2025 | 5.59% | 2.00% | 3.75% | 7.63% | 4.71% |
| Q1 2026 | 5.41% | 1.92% | 3.61% | 7.37% | 4.37% |
| Q2 2026 | 5.26% | 1.98% | 3.45% | 7.54% | 3.40% |
Peoples Independent 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 Peoples Independent 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 Peoples Independent Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 27233) · FFIEC NIC profile (RSSD 1188987)