WaFd 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.
The biggest quarter-over-quarter change on this page was a small one: Cost of borrowings edged up 0.25 percentage points between Q1 2026 and Q2 2026, to 3.09%. Within Washington, WaFd Bank is 24th of 29 on net interest margin, 2.82% as of Q2 2026, below the middle of the field. WaFd Bank reported 2.82% on net interest margin for Q2 2026, 0.78 points below the 3.60% median for banks in the $10B-100B asset tier.
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 5.10% |
| Yield on loans | 5.32% |
| Yield on securities | 4.32% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 2.48% |
| Cost of interest-bearing deposits | 2.68% |
| Cost of interest-bearing liabilities | 2.78% |
| Cost of borrowings | 3.09% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 2.82% |
| Yield to cost spread | 2.32% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $268.7M |
| Total interest expense | $149.7M |
| Interest expense on deposits | $123.1M |
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 | 5.37% | 2.40% | 3.13% | 5.48% | 4.76% |
| Q4 2023 | 5.45% | 2.71% | 2.90% | 5.57% | 4.83% |
| Q1 2024 | 5.43% | 2.90% | 2.73% | 5.57% | 4.68% |
| Q2 2024 | 5.70% | 3.17% | 2.63% | 5.81% | 4.33% |
| Q3 2024 | 5.68% | 3.18% | 2.69% | 5.80% | 4.63% |
| Q4 2024 | 5.33% | 3.14% | 2.43% | 5.56% | 3.85% |
| Q1 2025 | 5.22% | 2.87% | 2.54% | 5.41% | 4.28% |
| Q2 2025 | 5.27% | 2.76% | 2.70% | 5.43% | 4.37% |
| Q3 2025 | 5.23% | 2.68% | 2.76% | 5.39% | 4.42% |
| Q4 2025 | 5.10% | 2.57% | 2.74% | 5.29% | 4.36% |
| Q1 2026 | 5.04% | 2.44% | 2.79% | 5.26% | 4.28% |
| Q2 2026 | 5.10% | 2.48% | 2.82% | 5.32% | 4.32% |
WaFd 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 WaFd 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 WaFd Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 28088) · FFIEC NIC profile (RSSD 656377)