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State Bank of Jeffers

Jeffers, MN · Cert 10200

State charter, non-member · FDIC · 1 branch

Q2 2026

$37.1MAssets
$19.1MLoans
$31.2MDeposits
$5.5MEquity
Loan mix
30%RE $2.7M51%C&I $4.7M19%Consumer $1.8MQ3 2024Q2 2026
Deposit mix
64%Interest-bearing $20.1M36%Noninterest $11.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.91%, up 25 bps year over year; NIM at 4.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.06%, up 102 bps from a year ago.
  • Funding: loans stand at 61.18% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.91%+25 bps YoY

Net Interest Margin (quarter, annualized)

4.31%+5 bps YoY

Efficiency Ratio (quarter, annualized)

37.56%-453 bps YoY

Tier 1 Leverage Ratio

14.06%+102 bps YoY

NIM

5.64%Q2 ’245.36%Q2 ’255.16%Q2 ’26-5%+1%

Non-interest income vs. expense

1.55%Q2 ’241.84%Q2 ’251.65%Q2 ’26+20%-10%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.80%0.86%1.76%1.66%1.71%1.20%2.52%1.91%+25 bps
Return on Equity14.28%7.07%14.52%12.98%12.73%8.94%18.91%13.70%+71 bps
Net Interest Margin4.40%4.24%4.21%4.27%4.37%4.22%4.23%4.31%+5 bps
Efficiency Ratio45.95%73.04%41.98%42.09%47.02%60.10%39.86%37.56%-453 bps
Non-Interest Burden1.95%3.07%1.70%1.74%2.00%2.50%1.60%1.57%-17 bps
Growth
Asset Growth (YoY)0.81%8.48%6.94%4.59%0.45%-3.24%3.63%-0.29%-488 bps
Loan Growth (YoY)5.73%2.65%8.15%5.45%2.77%1.74%0.49%-3.92%-936 bps
Deposit Growth (YoY)-1.29%7.57%6.17%3.90%-0.60%-4.98%2.35%-2.31%-621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.85%-0.08%0.00%0.02%0.00%0.00%-1.58%0.00%-2 bps
Allowance / Loans1.22%1.23%1.18%1.28%1.28%1.27%1.24%1.36%+8 bps
Allowance Coverage of NPLsn/an/a244.0xn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.60%12.26%12.14%13.04%13.51%12.86%13.58%14.06%+102 bps
Total Risk-Based Capital19.91%15.66%18.30%19.68%20.22%20.00%19.27%21.98%+230 bps
Equity / Assets12.56%11.83%12.38%13.22%13.57%13.37%13.26%14.74%+152 bps
Liquidity & Funding
Loans / Deposits60.06%57.76%61.63%62.21%62.09%61.85%60.51%61.18%-102 bps
Liquid Assets / Assets34.22%22.49%30.53%31.63%31.53%31.34%29.70%31.98%+35 bps
CRE / Total Capitaln/an/an/an/a16.49%15.66%15.81%n/an/a