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Keokuk County State Bank

Sigourney, IA · Cert 12126

FDIC · 5 branches

Q3 2025

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: Q3 2025, the quarter ended September 30, 2025, 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=137 to 138). 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

45

Q2 2024Q3 2025peer median (50)

Asset Quality

27

Q2 2024Q3 2025peer median (50)

Profitability

73

Q2 2024Q3 2025peer median (50)

Liquidity

0

Q2 2024Q3 2025peer median

Efficiency

29

Q2 2024Q3 2025peer 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

Keokuk County State Bank

Sigourney, IA · Cert 12126

FDIC · 5 branches

Q3 2025

$230.4MAssets
$198.6MLoans
$196.0MDeposits
$26.6MEquity
Loan mix
79%RE $136.0M18%C&I $31.7M2%Consumer $3.8MQ3 2024Q3 2025
Deposit mix
75%Interest-bearing $146.5M25%Noninterest $49.4MQ3 2024Q3 2025

NIM

5.93%Q3 ’235.93%Q3 ’246.34%Q3 ’25-12%+7%

Non-interest income vs. expense

2.63%Q3 ’232.48%Q3 ’243.42%Q3 ’25-5%+45%

Executive Summary

  • Earnings: ROA of 1.13%, down 57 bps year over year; NIM at 4.65%.
  • Asset quality: problem loans at 0.65% of loans (+29 bps YoY), with net charge-offs at 0.19%.
  • Capital: tier 1 leverage ratio of 11.72%, up 55 bps from a year ago.
  • Funding: loans stand at 101.33% of deposits as of Q3 2025.

Financial Results

Return on Assets (YTD, annualized)

1.13%-57 bps YoY

Net Interest Margin (YTD, annualized)

4.65%+30 bps YoY

Efficiency Ratio (YTD, annualized)

66.31%+1,488 bps YoY

Tier 1 Leverage Ratio

11.72%+55 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025YoY ΔTrend
Earnings
Return on Assets1.70%1.71%1.32%1.49%1.13%-57 bps
Return on Equity16.57%16.49%12.22%13.67%10.19%-638 bps
Net Interest Margin4.35%4.31%4.29%4.33%4.65%+30 bps
Efficiency Ratio51.43%51.82%60.21%55.66%66.31%+1,488 bps
Non-Interest Burden2.01%2.00%2.38%2.20%2.90%+90 bps
Growth
Asset Growth (YoY)9.48%2.95%6.31%3.18%-3.97%-1,345 bps
Loan Growth (YoY)7.61%3.58%6.43%1.27%-0.42%-803 bps
Deposit Growth (YoY)6.22%-0.32%3.36%0.09%-4.50%-1,072 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.49%1.00%0.89%0.65%+29 bps
Net Charge-Offs / Loans0.12%0.22%0.01%0.01%0.19%+7 bps
Allowance / Loans1.28%1.25%1.28%1.37%1.31%+2 bps
Allowance Coverage of NPLs3.6x2.5x1.3x1.5x2.0x-1.6x
Capital
Tier 1 Leverage Ratio11.17%11.20%11.44%11.26%11.72%+55 bps
Total Risk-Based Capital13.41%13.85%13.71%13.71%13.40%-1 bps
Equity / Assets10.66%10.84%10.72%11.22%11.53%+88 bps
Liquidity & Funding
Loans / Deposits97.18%95.99%93.71%98.52%101.33%+415 bps
Liquid Assets / Assets3.27%5.44%7.74%4.46%1.11%-216 bps
CRE / Total Capitaln/an/an/an/a97.66%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

Keokuk County State Bank

Sigourney, IA · Cert 12126 · Peer group: banks under $1B in assets in IA (n=137-138)

FDIC · 5 branches

Q3 2025

$230.4MAssets
$198.6MLoans
$196.0MDeposits
$26.6MEquity

Executive Summary

  • Strongest standing: brokered deposits / deposits outperforms 100% of banks under $1B in assets in IA (rank 81 of 137).
  • Widest gap: net charge-offs / loans trails 87% of banks under $1B in assets in IA (rank 120 of 137).
  • Overall: at or above the peer median on 5 of 10 directional measures.

Return on Assets

1.16%

Rank 56 of 138

Net Interest Margin

4.65%

Rank 2 of 138

Efficiency Ratio

66.40%

Rank 99 of 138

Equity / Assets

11.53%

Rank 56 of 138

Non-interest income vs. expense

$1.2M$8.0MINCOMEEXPENSE
Unfavorable gap of $6.8M · efficiency ratio beats 29% of banks under $1B in assets in IA
Bank 66.40%Peer median 59.3%Q2 2024Q3 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.16%0.77%1.06%1.30%Beats 59%56 / 138
Return on Equity10.10%6.40%9.09%11.62%Beats 62%53 / 138
Net Interest Margin4.65%2.70%3.13%3.56%Beats 99%2 / 138
Efficiency Ratio66.40%53.09%59.26%67.99%Beats 29%99 / 138
Asset Quality
Nonperforming Loans / Loans0.65%0.04%0.47%1.25%Beats 40%83 / 137
Net Charge-Offs / Loans0.15%0.00%0.02%0.08%Beats 13%120 / 137
Capital
Tier 1 Capital Ratio12.20%11.37%13.38%15.15%Beats 34%91 / 138
Total Risk-Based Capital Ratio13.40%12.00%13.96%16.13%Beats 41%82 / 138
Equity / Assets11.53%9.48%10.77%12.91%Beats 59%56 / 138
Liquidity & Funding
Loans / Deposits101.33%68.19%79.46%91.33%91st pctl12 / 137
Loans / Assets86.16%57.14%66.90%75.36%95th pctl7 / 137
Brokered Deposits / Deposits0.00%n/an/a2.54%Beats 100%81 / 137