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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 2.24%, up 53 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.86%.
  • 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 (YTD, annualized)

2.24%+53 bps YoY

Net Interest Margin (YTD, annualized)

4.27%-5 bps YoY

Efficiency Ratio (YTD, annualized)

38.71%-333 bps YoY

Tier 1 Leverage Ratio

14.06%+102 bps YoY

NIM

5.63%Q2 ’245.42%Q2 ’255.17%Q2 ’26-6%-1%

Non-interest income vs. expense

1.65%Q2 ’241.86%Q2 ’251.69%Q2 ’26+14%-9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.17%1.82%1.76%1.71%1.71%1.58%2.52%2.24%+53 bps
Return on Equity17.87%15.12%14.52%13.74%13.39%12.28%18.91%16.27%+253 bps
Net Interest Margin4.40%4.32%4.21%4.32%4.35%4.18%4.23%4.27%-5 bps
Efficiency Ratio38.71%47.12%41.98%42.04%43.70%47.82%39.86%38.71%-333 bps
Non-Interest Burden1.63%1.98%1.70%1.76%1.84%1.95%1.60%1.59%-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 / Loans0.28%0.19%0.00%0.01%0.01%0.00%-1.58%-0.86%-87 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