Sound Banking 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.
The largest change between Q1 2026 and Q2 2026 was in Net interest margin, which rose 0.37 percentage points to 6.97%. On net interest margin, Sound Banking Company ranks 2nd highest among the 29 banks headquartered in Washington, at 6.97% (Q2 2026). Against a median of 3.89% for banks in the < $100M asset tier, Sound Banking Company reported 6.97% on net interest margin in Q2 2026, 3.08 points higher.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 8.29% |
| Yield on loans | 8.44% |
| Yield on securities | — |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.36% |
| Cost of interest-bearing deposits | 1.86% |
| Cost of interest-bearing liabilities | 1.96% |
| Cost of borrowings | 3.65% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 6.97% |
| Yield to cost spread | 6.33% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $805K |
| Total interest expense | $131K |
| Interest expense on deposits | $124K |
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 |
|---|---|---|---|---|
| Q3 2023 | 7.16% | 1.06% | 6.10% | 7.52% |
| Q4 2023 | 7.71% | 1.39% | 6.34% | 7.84% |
| Q1 2024 | 7.51% | 1.51% | 6.07% | 7.67% |
| Q2 2024 | 7.74% | 1.65% | 6.13% | 7.84% |
| Q3 2024 | 7.64% | 2.00% | 5.78% | 8.12% |
| Q4 2024 | 7.64% | 2.03% | 5.68% | 8.19% |
| Q1 2025 | 7.34% | 1.64% | 5.68% | 7.87% |
| Q2 2025 | 8.53% | 1.26% | 7.21% | 8.85% |
| Q3 2025 | 7.92% | 1.28% | 6.51% | 8.15% |
| Q4 2025 | 8.06% | 1.40% | 6.59% | 8.29% |
| Q1 2026 | 7.91% | 1.31% | 6.60% | 8.03% |
| Q2 2026 | 8.29% | 1.36% | 6.97% | 8.44% |
Sound Banking 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 Sound Banking 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 Sound Banking Company profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 33183) · FFIEC NIC profile (RSSD 1494482)