Southern Michigan Bank & Trust: 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, Net interest margin rose 0.25 percentage points in Q2 2026 to 3.55%, the biggest move on this page. Southern Michigan Bank & Trust ranks 59th of 72 Michigan banks on net interest margin, in the lower half at 3.55% (Q2 2026). The median for banks in the $1B-10B asset tier is 3.71% on net interest margin. Southern Michigan Bank & Trust sits 0.16 points lower, at 3.55% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.66% |
| Yield on loans | 6.18% |
| Yield on securities | 3.11% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.22% |
| Cost of interest-bearing deposits | 2.52% |
| Cost of interest-bearing liabilities | 2.65% |
| Cost of borrowings | 4.24% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.55% |
| Yield to cost spread | 3.01% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $20.1M |
| Total interest expense | $8.5M |
| Interest expense on deposits | $7.4M |
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 | 5.18% | 2.15% | 3.13% | 5.74% | 2.99% |
| Q4 2023 | 5.37% | 2.29% | 3.21% | 5.92% | 2.81% |
| Q1 2024 | 5.33% | 2.43% | 3.01% | 5.89% | 2.86% |
| Q2 2024 | 5.40% | 2.56% | 2.99% | 5.94% | 2.88% |
| Q3 2024 | 5.51% | 2.62% | 3.05% | 6.12% | 2.85% |
| Q4 2024 | 5.53% | 2.50% | 3.17% | 6.07% | 2.88% |
| Q1 2025 | 5.37% | 2.36% | 3.12% | 5.97% | 2.87% |
| Q2 2025 | 5.67% | 2.41% | 3.39% | 6.26% | 3.07% |
| Q3 2025 | 5.64% | 2.44% | 3.32% | 6.21% | 3.12% |
| Q4 2025 | 5.59% | 2.41% | 3.30% | 6.10% | 3.12% |
| Q1 2026 | 5.45% | 2.25% | 3.30% | 6.00% | 3.07% |
| Q2 2026 | 5.66% | 2.22% | 3.55% | 6.18% | 3.11% |
Southern Michigan Bank & Trust yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Southern Michigan Bank & Trust, 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 Southern Michigan Bank & Trust profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 5019) · FFIEC NIC profile (RSSD 822042)