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Mount Vernon Bank and Trust Company

Mount Vernon, IA · Cert 10494 · Mount Vernon Bcorp

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

83

Q2 2024Q2 2026peer median (50)

Profitability

47

Q2 2024Q2 2026peer median (50)

Liquidity

75

Q2 2024Q2 2026peer median

Efficiency

85

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

Mount Vernon Bank and Trust Company

Mount Vernon, IA · Cert 10494 · Mount Vernon Bcorp

State charter, non-member · FDIC · 1 branch

Q2 2026

$195.5MAssets
$138.6MLoans
$165.7MDeposits
$22.7MEquity
Loan mix
89%RE $110.1M6%C&I $7.9M4%Consumer $5.5MQ3 2024Q2 2026
Deposit mix
87%Interest-bearing $144.9M13%Noninterest $20.8MQ3 2024Q2 2026

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 1.9% share · #12 of 35 inst. · $0.2B of $8.8B

Executive Summary

  • Earnings: ROA of 1.30%, up 31 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.21% of loans (+21 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.03%, down 30 bps from a year ago.
  • Funding: loans stand at 83.69% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.30%+31 bps YoY

Net Interest Margin (YTD, annualized)

3.03%+39 bps YoY

Efficiency Ratio (YTD, annualized)

50.33%-725 bps YoY

Tier 1 Leverage Ratio

13.03%-30 bps YoY

NIM

4.45%Q2 ’244.82%Q2 ’254.85%Q2 ’26+30%+15%

Non-interest income vs. expense

1.75%Q2 ’241.75%Q2 ’251.69%Q2 ’26-5%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.49%0.50%0.94%0.99%0.99%1.01%1.30%1.30%+31 bps
Return on Equity4.93%5.01%9.06%9.28%9.07%9.15%11.33%11.28%+200 bps
Net Interest Margin2.10%2.16%2.50%2.64%2.68%2.73%3.04%3.03%+39 bps
Efficiency Ratio74.99%73.93%58.87%57.58%57.99%57.78%50.70%50.33%-725 bps
Non-Interest Burden1.50%1.51%1.31%1.35%1.39%1.42%1.39%1.37%+2 bps
Growth
Asset Growth (YoY)0.25%-2.10%-2.70%-6.63%-2.24%0.44%7.32%7.72%+1,434 bps
Loan Growth (YoY)1.69%-2.20%-2.67%-0.03%0.31%6.46%6.43%8.84%+887 bps
Deposit Growth (YoY)-1.28%-0.63%1.01%-6.08%2.10%-0.26%7.11%10.31%+1,639 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.00%0.00%0.00%0.49%0.31%0.04%0.21%+21 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans0.83%0.86%0.86%0.87%0.85%0.86%0.87%0.87%0 bps
Allowance Coverage of NPLs43.5xn/an/a1109.0x1.7x2.8x19.6x4.1x-1104.9x
Capital
Tier 1 Leverage Ratio12.37%12.58%12.84%13.34%13.23%13.28%12.93%13.03%-30 bps
Total Risk-Based Capital12.37%12.58%12.84%13.34%13.23%13.28%12.93%13.03%-30 bps
Equity / Assets10.55%10.11%10.74%11.16%11.56%11.66%11.25%11.63%+47 bps
Liquidity & Funding
Loans / Deposits88.04%82.69%81.75%84.82%86.50%88.25%81.24%83.69%-113 bps
Liquid Assets / Assets1.88%3.93%4.15%3.12%1.42%1.63%7.19%3.76%+64 bps
CRE / Total Capitaln/an/an/an/a82.89%91.06%90.04%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

Mount Vernon Bank and Trust Company

Mount Vernon, IA · Cert 10494 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Mount Vernon Bcorp

State charter, non-member · FDIC · 1 branch

Q2 2026

$195.5MAssets
$138.6MLoans
$165.7MDeposits
$22.7MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 185 of 743).
  • Widest gap: net interest margin trails 81% of banks under $1B in assets operating in a single state (rank 605 of 746).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.28%

Rank 255 of 746

Net Interest Margin

3.03%

Rank 605 of 746

Efficiency Ratio

50.33%

Rank 112 of 746

Equity / Assets

11.63%

Rank 260 of 746

Non-interest income vs. expense

$0.6M$3.3MINCOMEEXPENSE
Unfavorable gap of $2.7M · efficiency ratio beats 85% of banks under $1B in assets operating in a single state
Bank 50.33%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.28%0.72%1.06%1.45%Beats 66%255 / 746
Return on Equity10.99%6.74%10.51%13.63%Beats 55%338 / 746
Net Interest Margin3.03%3.17%3.68%4.16%Beats 19%605 / 746
Efficiency Ratio50.33%55.74%64.58%75.47%Beats 85%112 / 746
Asset Quality
Nonperforming Loans / Loans0.21%0.09%0.42%1.07%Beats 65%258 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio13.03%11.55%13.75%17.60%Beats 42%432 / 746
Total Risk-Based Capital Ratio13.03%11.71%14.33%18.43%Beats 37%468 / 746
Equity / Assets11.63%8.90%10.51%13.06%Beats 65%260 / 746
Liquidity & Funding
Loans / Deposits83.69%61.31%78.27%90.78%62nd pctl286 / 746
Loans / Assets70.93%53.60%66.97%76.08%60th pctl302 / 746
Brokered Deposits / Depositsn/aNot reported for this institution