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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