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Farmers State Bank

Elmwood, IL · Cert 12107 · Elmwood Bancshares Inc.

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

38

Q2 2024Q2 2026peer median (50)

Asset Quality

34

Q2 2024Q2 2026peer median (50)

Profitability

31

Q2 2024Q2 2026peer median (50)

Liquidity

38

Q2 2024Q2 2026peer median

Efficiency

14

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

Farmers State Bank

Elmwood, IL · Cert 12107 · Elmwood Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$66.9MAssets
$34.2MLoans
$58.5MDeposits
$2.6MEquity
Loan mix
89%RE $24.4M9%C&I $2.5M2%Consumer $0.5MQ2 2025Q2 2026
Deposit mix
91%Interest-bearing $53.0M9%Noninterest $5.5MQ2 2025Q2 2026

NIM

4.17%Q2 ’244.56%Q2 ’254.51%Q2 ’26+17%+13%

Non-interest income vs. expense

2.31%Q2 ’242.81%Q2 ’252.70%Q2 ’26+24%-6%

Market Position · Peoria, IL · 2026 SOD (annual) · 0.6% share · #23 of 35 inst. · $0.1B of $10.0B

Executive Summary

  • Earnings: ROA of 0.44%, up 38 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 4.30% of loans (+31 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.18%, down 9 bps from a year ago.
  • Funding: loans stand at 58.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.44%+38 bps YoY

Net Interest Margin (YTD, annualized)

3.05%+36 bps YoY

Efficiency Ratio (YTD, annualized)

82.17%-1,554 bps YoY

Tier 1 Leverage Ratio

8.18%-9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.05%0.12%-0.41%0.45%0.44%+38 bps
Return on Equity2.36%4.76%-15.61%14.21%12.87%+1,052 bps
Net Interest Margin2.70%2.63%2.67%3.08%3.05%+36 bps
Efficiency Ratio97.71%94.89%94.01%81.80%82.17%-1,554 bps
Non-Interest Burden2.63%2.48%2.49%2.49%2.47%-16 bps
Growth
Asset Growth (YoY)-8.02%-4.74%-6.00%8.12%6.79%+1,481 bps
Loan Growth (YoY)-5.79%-7.63%-6.30%-5.53%-5.09%+70 bps
Deposit Growth (YoY)-5.17%-3.47%-5.83%4.33%5.24%+1,040 bps
Asset Quality
Nonperforming Loans / Loans3.99%6.09%10.31%3.95%4.30%+31 bps
Net Charge-Offs / Loans0.02%0.10%1.39%0.00%0.01%-1 bps
Allowance / Loans1.39%1.33%1.15%1.15%1.24%-15 bps
Allowance Coverage of NPLs0.3x0.2x0.1x0.3x0.3x-0.1x
Capital
Tier 1 Leverage Ratio8.27%7.93%7.34%7.34%8.18%-9 bps
Total Risk-Based Capital14.54%14.25%13.22%13.56%15.41%+87 bps
Equity / Assets2.40%3.34%3.15%3.13%3.91%+151 bps
Liquidity & Funding
Loans / Deposits64.79%59.12%58.64%56.33%58.43%-636 bps
Liquid Assets / Assets3.02%10.72%6.50%7.36%3.08%+6 bps
CRE / Total Capitaln/a164.94%174.75%149.61%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

Farmers State Bank

Elmwood, IL · Cert 12107 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Elmwood Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$66.9MAssets
$34.2MLoans
$58.5MDeposits
$2.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 64% of banks under $1B in assets operating in a single state (rank 274 of 743).
  • Widest gap: equity / assets trails 99% of banks under $1B in assets operating in a single state (rank 741 of 746).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.45%

Rank 640 of 746

Net Interest Margin

3.05%

Rank 598 of 746

Efficiency Ratio

82.17%

Rank 639 of 746

Equity / Assets

3.91%

Rank 741 of 746

Non-interest income vs. expense

$0.2M$2.0MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 14% of banks under $1B in assets operating in a single state
Bank 82.17%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.45%0.72%1.06%1.45%Beats 14%640 / 746
Return on Equity11.41%6.74%10.51%13.63%Beats 59%309 / 746
Net Interest Margin3.05%3.17%3.68%4.16%Beats 20%598 / 746
Efficiency Ratio82.17%55.74%64.58%75.47%Beats 14%639 / 746
Asset Quality
Nonperforming Loans / Loans4.30%0.09%0.42%1.07%Beats 3%725 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 64%274 / 743
Capital
Tier 1 Capital Ratio14.32%11.55%13.75%17.60%Beats 55%336 / 746
Total Risk-Based Capital Ratio15.41%11.71%14.33%18.43%Beats 59%309 / 746
Equity / Assets3.91%8.90%10.51%13.06%Beats 1%741 / 746
Liquidity & Funding
Loans / Deposits58.43%61.31%78.27%90.78%20th pctl595 / 746
Loans / Assets51.11%53.60%66.97%76.08%22nd pctl584 / 746
Brokered Deposits / Depositsn/aNot reported for this institution