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Freedombank

Elkader, IA · Cert 11767 · Freedombank Shares Employee STK Ownership Plan

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

59

Q2 2024Q2 2026peer median (50)

Asset Quality

52

Q2 2024Q2 2026peer median (50)

Profitability

39

Q2 2024Q2 2026peer median (50)

Liquidity

53

Q2 2024Q2 2026peer median

Efficiency

33

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

Freedombank

Elkader, IA · Cert 11767 · Freedombank Shares Employee STK Ownership Plan

State charter, non-member · FDIC · 4 branches

Q2 2026

$433.9MAssets
$334.6MLoans
$367.9MDeposits
$48.9MEquity
Loan mix
81%RE $213.5M16%C&I $41.6M3%Consumer $7.3MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $284.3M23%Noninterest $83.6MQ2 2025Q2 2026

NIM

4.54%Q2 ’244.67%Q2 ’255.02%Q2 ’26+7%+18%

Non-interest income vs. expense

2.07%Q2 ’242.01%Q2 ’252.09%Q2 ’26-2%+13%

Executive Summary

  • Earnings: ROA of 0.99%, up 17 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.26% of loans (-61 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.70%, up 63 bps from a year ago.
  • Funding: loans stand at 90.94% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.99%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.39%+52 bps YoY

Efficiency Ratio (YTD, annualized)

60.94%-462 bps YoY

Tier 1 Leverage Ratio

10.70%+63 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.86%0.95%1.08%0.99%+17 bps
Return on Equity8.41%8.60%9.46%10.09%9.12%+71 bps
Net Interest Margin2.87%3.02%3.08%3.40%3.39%+52 bps
Efficiency Ratio65.56%64.58%61.51%58.56%60.94%-462 bps
Non-Interest Burden1.73%1.79%1.73%1.83%1.95%+22 bps
Growth
Asset Growth (YoY)1.52%2.05%0.85%-2.48%-0.44%-196 bps
Loan Growth (YoY)2.23%6.47%6.67%5.57%6.13%+390 bps
Deposit Growth (YoY)2.07%0.92%-0.19%-3.61%-1.34%-341 bps
Asset Quality
Nonperforming Loans / Loans0.87%0.51%0.50%0.52%0.26%-61 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.00%0.02%+1 bps
Allowance / Loans1.11%1.09%1.10%1.10%1.11%+1 bps
Allowance Coverage of NPLs1.3x2.1x2.2x2.1x4.3x+3.0x
Capital
Tier 1 Leverage Ratio10.08%10.22%10.00%10.33%10.70%+63 bps
Total Risk-Based Capital14.43%14.64%14.40%15.21%15.32%+89 bps
Equity / Assets10.42%10.55%10.51%10.81%11.27%+86 bps
Liquidity & Funding
Loans / Deposits84.54%87.84%86.62%88.32%90.94%+640 bps
Liquid Assets / Assets0.04%0.17%0.14%0.09%0.09%+5 bps
CRE / Total Capitaln/a150.12%154.81%138.97%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

Freedombank

Elkader, IA · Cert 11767 · Peer group: banks under $1B in assets in IA (n=134-135) · Freedombank Shares Employee STK Ownership Plan

State charter, non-member · FDIC · 4 branches

Q2 2026

$433.9MAssets
$334.6MLoans
$367.9MDeposits
$48.9MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 65% of banks under $1B in assets in IA (rank 47 of 135).
  • Widest gap: return on assets trails 68% of banks under $1B in assets in IA (rank 92 of 135).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.00%

Rank 92 of 135

Net Interest Margin

3.39%

Rank 69 of 135

Efficiency Ratio

60.94%

Rank 91 of 135

Equity / Assets

11.27%

Rank 63 of 135

Non-interest income vs. expense

$0.6M$9.1MINCOMEEXPENSE
Unfavorable gap of $8.5M · efficiency ratio beats 33% of banks under $1B in assets in IA
Bank 60.94%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.00%0.92%1.19%1.47%Beats 32%92 / 135
Return on Equity8.88%7.99%10.26%13.14%Beats 36%87 / 135
Net Interest Margin3.39%2.95%3.41%3.73%Beats 49%69 / 135
Efficiency Ratio60.94%50.61%57.35%63.29%Beats 33%91 / 135
Asset Quality
Nonperforming Loans / Loans0.26%0.03%0.51%1.26%Beats 60%54 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 44%76 / 134
Capital
Tier 1 Capital Ratio14.15%11.23%13.31%15.45%Beats 59%55 / 135
Total Risk-Based Capital Ratio15.32%11.61%14.06%16.47%Beats 65%47 / 135
Equity / Assets11.27%9.87%11.05%13.07%Beats 53%63 / 135
Liquidity & Funding
Loans / Deposits90.94%68.54%81.55%91.24%72nd pctl37 / 134
Loans / Assets77.12%57.61%68.06%76.23%78th pctl30 / 135
Brokered Deposits / Depositsn/aNot reported for this institution