Square Financial Services, Inc.: 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 Net interest margin: 2.30 percentage points higher than in Q1 2026, at 41.06%. As of Q2 2026, Square Financial Services, Inc. ranks first in Utah on net interest margin among 44 banks, at 41.06%. Against a median of 3.71% for banks in the $1B-10B asset tier, Square Financial Services, Inc. reported 41.06% on net interest margin in Q2 2026, 37.35 points higher.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 41.42% |
| Yield on loans | 61.48% |
| Yield on securities | 4.63% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.03% |
| Cost of interest-bearing deposits | 1.56% |
| Cost of interest-bearing liabilities | 1.57% |
| Cost of borrowings | — |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 41.06% |
| Yield to cost spread | 39.85% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $191.6M |
| Total interest expense | $1.7M |
| Interest expense on deposits | $1.7M |
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 | 18.55% | 2.23% | 17.71% | 33.64% | 5.56% |
| Q4 2023 | 18.02% | 2.29% | 17.24% | 30.88% | 4.62% |
| Q1 2024 | 17.13% | 2.46% | 16.35% | 29.79% | 5.76% |
| Q2 2024 | 15.58% | 2.38% | 14.82% | 30.02% | 4.96% |
| Q3 2024 | 15.40% | 2.38% | 14.61% | 31.08% | 5.24% |
| Q4 2024 | 16.97% | 2.22% | 16.21% | 32.84% | 4.98% |
| Q1 2025 | 16.34% | 1.78% | 15.77% | 29.60% | 5.53% |
| Q2 2025 | 19.42% | 1.30% | 18.97% | 35.61% | 4.74% |
| Q3 2025 | 28.33% | 1.02% | 27.94% | 48.36% | 5.29% |
| Q4 2025 | 37.61% | 0.83% | 37.27% | 55.83% | 4.69% |
| Q1 2026 | 39.04% | 0.71% | 38.76% | 56.98% | 5.10% |
| Q2 2026 | 41.42% | 1.03% | 41.06% | 61.48% | 4.63% |
Square Financial Services, Inc. yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Square Financial Services, Inc., 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 Square Financial Services, Inc. profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 59177) · FFIEC NIC profile (RSSD 5582846)