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Belgrade State Bank

Belgrade, MO · Cert 12208 · Turner Bancshares Inc.

State charter, Fed member · FED · 6 branches

Q2 2026

$548.0MAssets
$412.2MLoans
$495.3MDeposits
$49.1MEquity
Loan mix
84%RE $318.0M9%C&I $33.7M8%Consumer $28.5MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $439.1M11%Noninterest $56.3MQ2 2025Q2 2026

NIM

6.30%Q2 ’246.29%Q2 ’256.10%Q2 ’26+1%+3%

Non-interest income vs. expense

2.91%Q2 ’242.57%Q2 ’252.61%Q2 ’26-16%+5%

Executive Summary

  • Earnings: ROA of 1.68%, down 4 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 0.35% of loans (-13 bps YoY), with net recoveries of 0.09%.
  • Capital: tier 1 leverage ratio of 10.13%, up 49 bps from a year ago.
  • Funding: loans stand at 83.22% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.68%-4 bps YoY

Net Interest Margin (quarter, annualized)

4.15%+12 bps YoY

Efficiency Ratio (quarter, annualized)

53.35%+9 bps YoY

Tier 1 Leverage Ratio

10.13%+49 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.72%1.47%0.73%1.48%1.68%-4 bps
Return on Equity21.46%17.72%8.54%17.28%19.05%-241 bps
Net Interest Margin4.03%4.05%3.99%3.96%4.15%+12 bps
Efficiency Ratio53.26%58.69%59.29%57.02%53.35%+9 bps
Non-Interest Burden1.78%2.04%2.04%1.93%1.87%+9 bps
Growth
Asset Growth (YoY)12.28%10.77%13.62%9.41%7.95%-432 bps
Loan Growth (YoY)13.86%11.59%8.01%7.04%8.86%-499 bps
Deposit Growth (YoY)11.71%10.05%13.01%8.61%7.02%-469 bps
Asset Quality
Nonperforming Loans / Loans0.48%1.97%0.84%0.42%0.35%-13 bps
Net Charge-Offs / Loans0.07%0.12%1.04%0.25%-0.09%-16 bps
Allowance / Loans1.07%1.05%1.14%1.08%1.07%0 bps
Allowance Coverage of NPLs2.2x0.5x1.4x2.6x3.0x+0.8x
Capital
Tier 1 Leverage Ratio9.64%9.76%9.66%9.81%10.13%+49 bps
Total Risk-Based Capital15.32%15.57%15.59%16.31%16.29%+97 bps
Equity / Assets8.08%8.52%8.49%8.69%8.95%+88 bps
Liquidity & Funding
Loans / Deposits81.81%81.33%79.11%80.08%83.22%+141 bps
Liquid Assets / Assets9.15%8.75%7.99%8.37%6.70%-244 bps
CRE / Total Capitaln/a258%266%258%n/an/a