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Leighton State Bank

Pella, IA · Cert 10118 · Leighton Investment Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=134 to 135). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

31

Q2 2024Q2 2026peer median (50)

Asset Quality

40

Q2 2024Q2 2026peer median (50)

Profitability

66

Q2 2024Q2 2026peer median (50)

Liquidity

72

Q2 2024Q2 2026peer median

Efficiency

47

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Leighton State Bank

Pella, IA · Cert 10118 · Leighton Investment Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$298.2MAssets
$221.5MLoans
$254.4MDeposits
$34.1MEquity
Loan mix
84%RE $156.0M16%C&I $29.0M1%Consumer $1.7MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $227.2M11%Noninterest $27.2MQ2 2025Q2 2026

NIM

4.95%Q2 ’245.15%Q2 ’255.34%Q2 ’26+3%+13%

Non-interest income vs. expense

2.80%Q2 ’242.76%Q2 ’252.73%Q2 ’26-8%-1%

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.2% share · #44 of 57 inst. · $0.1B of $38.0B

14.1% Marion
6.5% Jasper
5.2% Mahaska

Executive Summary

  • Earnings: ROA of 1.47%, up 35 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.79% of loans (-62 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.99%, up 14 bps from a year ago.
  • Funding: loans stand at 87.07% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.47%+35 bps YoY

Net Interest Margin (YTD, annualized)

3.49%+41 bps YoY

Efficiency Ratio (YTD, annualized)

58.09%-600 bps YoY

Tier 1 Leverage Ratio

10.99%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.12%1.12%1.37%1.47%+35 bps
Return on Equity10.46%10.33%10.22%12.11%12.95%+249 bps
Net Interest Margin3.09%3.13%3.14%3.48%3.49%+41 bps
Efficiency Ratio64.08%64.38%64.76%61.09%58.09%-600 bps
Non-Interest Burden1.50%1.56%1.59%1.57%1.49%-1 bps
Growth
Asset Growth (YoY)5.25%8.48%4.28%5.37%6.85%+160 bps
Loan Growth (YoY)3.28%6.25%4.27%7.52%8.34%+506 bps
Deposit Growth (YoY)5.32%9.81%4.40%5.30%6.97%+165 bps
Asset Quality
Nonperforming Loans / Loans1.41%1.40%0.96%0.80%0.79%-62 bps
Net Charge-Offs / Loans-0.01%0.00%0.23%0.04%0.02%+2 bps
Allowance / Loans1.02%1.03%0.84%0.85%0.88%-14 bps
Allowance Coverage of NPLs0.7x0.7x0.9x1.1x1.1x+0.4x
Capital
Tier 1 Leverage Ratio10.85%10.92%10.89%11.09%10.99%+14 bps
Total Risk-Based Capital15.24%15.04%14.88%15.19%10.99%-424 bps
Equity / Assets10.98%11.33%11.21%11.39%11.45%+47 bps
Liquidity & Funding
Loans / Deposits85.98%88.49%86.33%87.95%87.07%+110 bps
Liquid Assets / Assets0.44%0.26%0.25%0.00%0.00%-44 bps
CRE / Total Capitaln/a160.02%155.03%156.29%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Leighton State Bank

Pella, IA · Cert 10118 · Peer group: banks under $1B in assets in IA (n=134-135) · Leighton Investment Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$298.2MAssets
$221.5MLoans
$254.4MDeposits
$34.1MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 70% of banks under $1B in assets in IA (rank 41 of 135).
  • Widest gap: total risk-based capital ratio trails 84% of banks under $1B in assets in IA (rank 113 of 135).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.45%

Rank 41 of 135

Net Interest Margin

3.49%

Rank 55 of 135

Efficiency Ratio

58.09%

Rank 73 of 135

Equity / Assets

11.45%

Rank 59 of 135

Non-interest income vs. expense

$3.7M$8.1MINCOMEEXPENSE
Unfavorable gap of $4.5M · efficiency ratio beats 47% of banks under $1B in assets in IA
Bank 58.09%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.45%0.92%1.19%1.47%Beats 70%41 / 135
Return on Equity12.66%7.99%10.26%13.14%Beats 70%40 / 135
Net Interest Margin3.49%2.95%3.41%3.73%Beats 59%55 / 135
Efficiency Ratio58.09%50.61%57.35%63.29%Beats 47%73 / 135
Asset Quality
Nonperforming Loans / Loans0.79%0.03%0.51%1.26%Beats 38%84 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 42%79 / 134
Capital
Tier 1 Capital Ratio10.99%11.23%13.31%15.45%Beats 20%108 / 135
Total Risk-Based Capital Ratio10.99%11.61%14.06%16.47%Beats 16%113 / 135
Equity / Assets11.45%9.87%11.05%13.07%Beats 56%59 / 135
Liquidity & Funding
Loans / Deposits87.07%68.54%81.55%91.24%63rd pctl50 / 134
Loans / Assets74.28%57.61%68.06%76.23%69th pctl42 / 135
Brokered Deposits / Depositsn/aNot reported for this institution