Upper Peninsula State 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.
Net interest margin rose 0.23 percentage points from Q1 2026 to Q2 2026, ending at 4.55% against 4.32%. It was the largest change among the key lines on this page. Within Michigan, Upper Peninsula State Bank is 15th of 72 on net interest margin, 4.55% as of Q2 2026, above the middle of the field. Upper Peninsula State Bank reported 4.55% on net interest margin for Q2 2026, 0.60 points above the 3.95% median for banks in the $100M-1B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 6.46% |
| Yield on loans | 6.82% |
| Yield on securities | 2.82% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.05% |
| Cost of interest-bearing deposits | 2.22% |
| Cost of interest-bearing liabilities | 2.29% |
| Cost of borrowings | 3.97% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.55% |
| Yield to cost spread | 4.17% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $5.1M |
| Total interest expense | $1.6M |
| Interest expense on deposits | $1.5M |
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 | 5.12% | 1.39% | 3.83% | 5.61% | 2.54% |
| Q4 2023 | 5.39% | 1.67% | 3.85% | 5.87% | 2.53% |
| Q1 2024 | 5.52% | 2.00% | 3.66% | 6.04% | 2.52% |
| Q2 2024 | 5.70% | 2.07% | 3.78% | 6.20% | 2.52% |
| Q3 2024 | 5.89% | 2.06% | 3.97% | 6.44% | 2.45% |
| Q4 2024 | 6.02% | 2.10% | 4.08% | 6.54% | 2.40% |
| Q1 2025 | 5.87% | 2.22% | 3.82% | 6.48% | 2.39% |
| Q2 2025 | 6.22% | 2.17% | 4.20% | 6.75% | 2.36% |
| Q3 2025 | 6.32% | 2.07% | 4.40% | 6.85% | 2.37% |
| Q4 2025 | 6.35% | 2.09% | 4.42% | 6.82% | 2.67% |
| Q1 2026 | 6.20% | 2.05% | 4.32% | 6.71% | 2.76% |
| Q2 2026 | 6.46% | 2.05% | 4.55% | 6.82% | 2.82% |
Upper Peninsula State 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 Upper Peninsula State 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 Upper Peninsula State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1090) · FFIEC NIC profile (RSSD 236957)