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Iowa State Bank

Sac City, IA · Cert 10497 · Sac City Ltd.

State charter, non-member · FDIC · 3 branches

Q2 2026

$213.3MAssets
$153.2MLoans
$187.5MDeposits
$24.8MEquity
Loan mix
82%RE $112.7M12%C&I $16.4M6%Consumer $8.3MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $155.0M17%Noninterest $32.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.03%, down 50 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 1.84% of loans (+163 bps YoY), with net charge-offs at 0.91%.
  • Capital: tier 1 leverage ratio of 11.53%, up 4 bps from a year ago.
  • Funding: loans stand at 81.73% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.03%-50 bps YoY

Net Interest Margin (quarter, annualized)

2.95%-36 bps YoY

Efficiency Ratio (quarter, annualized)

55.83%+958 bps YoY

Tier 1 Leverage Ratio

11.53%+4 bps YoY

NIM

5.18%Q2 ’245.51%Q2 ’255.05%Q2 ’26+16%-11%

Non-interest income vs. expense

1.65%Q2 ’241.68%Q2 ’251.80%Q2 ’26+13%+12%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.15%1.18%1.15%1.53%1.59%1.44%1.34%1.03%-50 bps
Return on Equity10.69%10.70%10.42%13.59%13.60%12.26%11.66%8.98%-461 bps
Net Interest Margin2.90%2.94%2.90%3.32%3.34%3.32%3.16%2.95%-36 bps
Efficiency Ratio52.53%52.63%53.63%46.25%45.40%49.57%50.19%55.83%+958 bps
Non-Interest Burden1.37%1.39%1.42%1.35%1.30%1.45%1.38%1.51%+16 bps
Growth
Asset Growth (YoY)0.32%-2.98%2.54%0.88%2.35%4.37%7.72%7.56%+667 bps
Loan Growth (YoY)0.44%-1.72%-3.11%1.47%1.59%3.18%2.46%-4.91%-639 bps
Deposit Growth (YoY)2.27%0.21%1.87%0.94%3.02%5.24%8.73%7.55%+661 bps
Asset Quality
Nonperforming Loans / Loans0.72%0.63%0.63%0.21%0.22%0.20%1.37%1.84%+163 bps
Net Charge-Offs / Loans0.00%0.02%0.00%-0.04%0.00%0.00%0.02%0.91%+95 bps
Allowance / Loans1.65%1.65%1.70%1.67%1.66%1.63%1.69%1.58%-9 bps
Allowance Coverage of NPLs2.3x2.6x2.7x8.1x7.6x8.0x1.2x0.9x-7.3x
Capital
Tier 1 Leverage Ratio11.28%11.36%11.35%11.50%11.79%11.76%11.63%11.53%+4 bps
Total Risk-Based Capital11.28%11.36%11.35%11.50%11.79%11.76%11.63%11.53%+4 bps
Equity / Assets11.05%11.02%10.99%11.55%11.78%11.79%11.23%11.65%+9 bps
Liquidity & Funding
Loans / Deposits93.69%94.40%88.51%92.43%92.39%92.56%83.42%81.73%-1,071 bps
Liquid Assets / Assets3.51%1.46%5.10%2.27%1.43%1.58%7.61%5.61%+334 bps
CRE / Total Capitaln/an/an/an/a155.20%159.48%149.99%n/an/a