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First State Bank

Farnam, NE · Cert 12244 · Nebraska Bankshares Inc.

State charter, non-member · FDIC · 5 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 NE3

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 NE (n=83). 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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

40

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

93

Q2 2024Q2 2026peer median

Efficiency

63

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

First State Bank

Farnam, NE · Cert 12244 · Nebraska Bankshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 5 branches (13 in holding)

Q2 2026

$199.5MAssets
$98.5MLoans
$121.3MDeposits
$23.6MEquity
Loan mix
81%RE $65.0M12%C&I $9.3M7%Consumer $5.7MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $91.0M25%Noninterest $30.3MQ2 2025Q2 2026

NIM

5.12%Q2 ’245.03%Q2 ’255.08%Q2 ’26+1%+9%

Non-interest income vs. expense

2.30%Q2 ’242.25%Q2 ’252.17%Q2 ’26+5%-4%

Executive Summary

  • Earnings: ROA of 1.28%, up 22 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.33% of loans (-30 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.94%, down 78 bps from a year ago.
  • Funding: loans stand at 81.19% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.28%+22 bps YoY

Net Interest Margin (YTD, annualized)

2.99%+26 bps YoY

Efficiency Ratio (YTD, annualized)

56.65%-593 bps YoY

Tier 1 Leverage Ratio

11.94%-78 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%1.05%1.14%1.22%1.28%+22 bps
Return on Equity8.98%8.76%9.47%10.09%10.68%+170 bps
Net Interest Margin2.74%2.67%2.64%2.92%2.99%+26 bps
Efficiency Ratio62.58%62.47%60.31%56.81%56.65%-593 bps
Non-Interest Burden1.34%1.33%1.23%1.25%1.29%-6 bps
Growth
Asset Growth (YoY)8.55%7.87%10.10%4.01%7.53%-102 bps
Loan Growth (YoY)-10.74%-2.80%-0.59%-1.85%-0.31%+1,043 bps
Deposit Growth (YoY)9.48%-11.43%4.21%-1.21%14.55%+508 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.45%0.38%2.24%0.33%-30 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans1.56%1.47%1.50%1.64%1.59%+3 bps
Allowance Coverage of NPLs2.5x3.3x4.0x0.7x4.8x+2.3x
Capital
Tier 1 Leverage Ratio12.72%12.74%12.34%11.77%11.94%-78 bps
Total Risk-Based Capital12.72%12.74%12.34%11.77%11.94%-78 bps
Equity / Assets12.39%12.56%12.27%11.82%11.84%-55 bps
Liquidity & Funding
Loans / Deposits93.29%95.23%82.03%77.90%81.19%-1,211 bps
Liquid Assets / Assets4.19%2.86%4.20%2.99%3.27%-93 bps
CRE / Total Capitaln/a66.11%65.73%78.51%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

First State Bank

Farnam, NE · Cert 12244 · Peer group: banks under $1B in assets in NE (n=83) · Nebraska Bankshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 5 branches (13 in holding)

Q2 2026

$199.5MAssets
$98.5MLoans
$121.3MDeposits
$23.6MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 63% of banks under $1B in assets in NE (rank 32 of 83).
  • Widest gap: net interest margin trails 86% of banks under $1B in assets in NE (rank 71 of 83).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.30%

Rank 33 of 83

Net Interest Margin

2.99%

Rank 71 of 83

Efficiency Ratio

56.65%

Rank 32 of 83

Equity / Assets

11.84%

Rank 35 of 83

Non-interest income vs. expense

$1.8M$4.3MINCOMEEXPENSE
Unfavorable gap of $2.6M · efficiency ratio beats 63% of banks under $1B in assets in NE
Bank 56.65%Peer median 60.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.30%0.93%1.20%1.51%Beats 60%33 / 83
Return on Equity10.99%8.04%10.34%13.11%Beats 57%36 / 83
Net Interest Margin2.99%3.25%3.62%4.02%Beats 14%71 / 83
Efficiency Ratio56.65%51.13%59.95%67.19%Beats 63%32 / 83
Asset Quality
Nonperforming Loans / Loans0.33%0.00%0.19%0.96%Beats 39%52 / 83
Net Charge-Offs / Loans0.00%n/a0.00%0.02%Beats 41%50 / 83
Capital
Tier 1 Capital Ratio11.94%10.94%13.24%16.62%Beats 39%51 / 83
Total Risk-Based Capital Ratio11.94%11.04%13.54%17.63%Beats 35%54 / 83
Equity / Assets11.84%9.90%11.31%13.84%Beats 58%35 / 83
Liquidity & Funding
Loans / Deposits81.19%71.97%83.15%92.22%45th pctl46 / 83
Loans / Assets49.37%57.96%69.15%77.64%16th pctl70 / 83
Brokered Deposits / Depositsn/aNot reported for this institution