The State Savings Bank of Manistique: 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: 15.08 percentage points lower than in Q1 2026, at -3.91%. On net interest margin, The State Savings Bank of Manistique is 5th from the bottom among 72 Michigan banks, 3.15% (Q2 2026). The median for banks in the $100M-1B asset tier is 3.95% on net interest margin. The State Savings Bank of Manistique sits 0.80 points lower, at 3.15% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 4.86% |
| Yield on loans | 6.59% |
| Yield on securities | 2.57% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 1.77% |
| Cost of interest-bearing deposits | 2.27% |
| Cost of interest-bearing liabilities | 1.90% |
| Cost of borrowings | -3.91% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 3.15% |
| Yield to cost spread | 2.96% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $1.5M |
| Total interest expense | $737K |
| Interest expense on deposits | $826K |
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 | 3.91% | 1.12% | 2.87% | 6.24% | 1.82% |
| Q4 2023 | 3.77% | 1.25% | 2.61% | 6.20% | 1.81% |
| Q1 2024 | 3.73% | 1.34% | 2.48% | 5.94% | 1.85% |
| Q2 2024 | 4.01% | 1.46% | 2.64% | 6.29% | 1.81% |
| Q3 2024 | 4.08% | 1.58% | 2.57% | 6.28% | 1.69% |
| Q4 2024 | 4.21% | 1.60% | 2.71% | 6.43% | 1.65% |
| Q1 2025 | 4.09% | 1.61% | 2.57% | 6.34% | 1.66% |
| Q2 2025 | 4.36% | 1.64% | 2.80% | 6.62% | 1.70% |
| Q3 2025 | 4.43% | 1.58% | 2.88% | 6.72% | 1.66% |
| Q4 2025 | 4.55% | 1.64% | 3.01% | 6.74% | 1.88% |
| Q1 2026 | 4.63% | 1.78% | 2.94% | 6.68% | 2.32% |
| Q2 2026 | 4.86% | 1.77% | 3.15% | 6.59% | 2.57% |
The State Savings Bank of Manistique 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 State Savings Bank of Manistique, 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 State Savings Bank of Manistique profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13249) · FFIEC NIC profile (RSSD 259956)