The Savings 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.
Compared with Q1 2026, Total interest expense rose 4.1% in Q2 2026 to $4.4M, the biggest move on this page. The Savings Bank ranks 76th of 89 Massachusetts banks on net interest margin, in the lower half at 2.60% (Q2 2026). The Savings Bank reported 2.60% on net interest margin for Q2 2026, 1.35 points below the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.67% |
| Yield on loans | — |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.21% |
| Cost of interest-bearing deposits | 2.59% |
| Cost of interest-bearing liabilities | 2.66% |
| Cost of borrowings | 3.81% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 2.60% |
| Yield to cost spread | 2.01% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $8.2M |
| Total interest expense | $4.4M |
| Interest expense on deposits | $4.1M |
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 |
|---|---|---|---|
| Q3 2023 | 4.04% | 1.41% | 2.45% |
| Q4 2023 | 4.20% | 1.52% | 2.34% |
| Q1 2024 | 4.07% | 1.84% | 1.99% |
| Q2 2024 | 4.27% | 1.92% | 2.15% |
| Q3 2024 | 4.32% | 1.99% | 2.12% |
| Q4 2024 | 4.37% | 1.97% | 2.22% |
| Q1 2025 | 4.34% | 1.83% | 2.32% |
| Q2 2025 | 4.67% | 1.86% | 2.65% |
| Q3 2025 | 4.55% | 1.91% | 2.47% |
| Q4 2025 | 4.69% | 1.91% | 2.59% |
| Q1 2026 | 4.60% | 1.92% | 2.55% |
| Q2 2026 | 4.67% | 2.21% | 2.60% |
The Savings 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 The Savings 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 The Savings Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 90291) · FFIEC NIC profile (RSSD 711801)