Progrowth 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 borrowings: 2.60 percentage points lower than in Q1 2026, at 4.00%. On net interest margin, Progrowth Bank is 2nd from the bottom among 221 Minnesota banks, 1.79% (Q2 2026). Progrowth Bank's net interest margin of 1.79% is well below the 3.95% median for banks in the $100M-1B asset tier, a gap of 2.16 points (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.76% |
| Yield on loans | 6.56% |
| Yield on securities | 4.27% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 3.14% |
| Cost of interest-bearing deposits | 3.38% |
| Cost of interest-bearing liabilities | 3.41% |
| Cost of borrowings | 4.00% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 1.79% |
| Yield to cost spread | 1.35% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.3M |
| Total interest expense | $2.7M |
| Interest expense on deposits | $2.6M |
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 | 4.53% | 2.34% | 2.35% | 5.66% | 4.23% |
| Q4 2023 | 4.90% | 2.59% | 2.44% | 6.30% | 4.37% |
| Q1 2024 | 5.30% | 2.83% | 2.58% | 6.18% | 4.94% |
| Q2 2024 | 5.44% | 3.03% | 2.61% | 6.41% | 5.14% |
| Q3 2024 | 5.43% | 3.38% | 2.28% | 6.52% | 5.08% |
| Q4 2024 | 5.25% | 3.21% | 2.26% | 6.64% | 4.66% |
| Q1 2025 | 5.07% | 3.13% | 2.14% | 6.44% | 4.59% |
| Q2 2025 | 5.00% | 3.28% | 1.92% | 6.76% | 4.57% |
| Q3 2025 | 5.04% | 3.30% | 1.93% | 6.69% | 4.57% |
| Q4 2025 | 4.88% | 3.28% | 1.81% | 6.62% | 4.35% |
| Q1 2026 | 4.58% | 3.51% | 1.29% | 6.44% | 4.23% |
| Q2 2026 | 4.76% | 3.14% | 1.79% | 6.56% | 4.27% |
Progrowth 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 Progrowth 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 Progrowth Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 8536) · FFIEC NIC profile (RSSD 751254)