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Farmers State Bank

Hosmer, SD · Cert 12293

FDIC · 1 branch

Q3 2025

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: 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 operating in a single state (n=843 to 849). 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

76

Q2 2024Q3 2025peer median (50)

Asset Quality

100

Q2 2024Q3 2025peer median (50)

Profitability

87

Q2 2024Q3 2025peer median (50)

Liquidity

74

Q2 2024Q3 2025peer median

Efficiency

77

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

Farmers State Bank

Hosmer, SD · Cert 12293

FDIC · 1 branch

Q3 2025

$20.9MAssets
$14.0MLoans
$16.8MDeposits
$3.6MEquity
Loan mix
35%RE $3.2M57%C&I $5.2M8%Consumer $0.7MQ3 2024Q3 2025
Deposit mix
80%Interest-bearing $13.4M20%Noninterest $3.3MQ3 2024Q3 2025

NIM

5.38%Q3 ’235.99%Q3 ’245.96%Q3 ’25+12%-1%

Non-interest income vs. expense

3.04%Q3 ’233.35%Q3 ’242.82%Q3 ’25+12%-19%

Executive Summary

  • Earnings: ROA of 2.08%, up 85 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 16.92%, down 8 bps from a year ago.
  • Funding: loans stand at 83.73% of deposits as of Q3 2025.

Financial Results

Return on Assets (YTD, annualized)

2.08%+85 bps YoY

Net Interest Margin (YTD, annualized)

4.61%-7 bps YoY

Efficiency Ratio (YTD, annualized)

57.47%-1,058 bps YoY

Tier 1 Leverage Ratio

16.92%-8 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025YoY ΔTrend
Earnings
Return on Assets1.22%1.22%2.51%2.00%2.08%+85 bps
Return on Equity7.38%7.36%15.36%12.10%12.39%+501 bps
Net Interest Margin4.68%4.70%4.56%4.59%4.61%-7 bps
Efficiency Ratio68.05%68.51%56.44%59.59%57.47%-1,058 bps
Non-Interest Burden3.11%3.14%2.42%2.60%2.53%-59 bps
Growth
Asset Growth (YoY)-13.57%-7.16%2.42%7.09%0.50%+1,407 bps
Loan Growth (YoY)-18.03%-15.63%-4.21%22.65%7.71%+2,574 bps
Deposit Growth (YoY)-10.25%5.18%7.53%4.34%3.89%+1,413 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%1.02%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%-0.05%-0.03%-0.03%-0.04%+1 bps
Allowance / Loans2.76%2.84%2.21%2.12%1.98%-77 bps
Allowance Coverage of NPLsn/an/a2.2xn/an/an/a
Capital
Tier 1 Leverage Ratio16.99%17.22%16.04%16.38%16.92%-8 bps
Total Risk-Based Capital16.99%17.22%16.04%16.38%16.92%-8 bps
Equity / Assets17.09%16.84%15.90%16.96%17.32%+23 bps
Liquidity & Funding
Loans / Deposits80.76%70.75%75.29%85.94%83.73%+297 bps
Liquid Assets / Assets32.72%29.71%26.94%27.78%26.28%-644 bps
CRE / Total Capitaln/an/an/an/a62.48%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

Hosmer, SD · Cert 12293 · Peer group: banks under $1B in assets operating in a single state (n=843-849)

FDIC · 1 branch

Q3 2025

$20.9MAssets
$14.0MLoans
$16.8MDeposits
$3.6MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 129 of 843).
  • Widest gap: total risk-based capital ratio trails 34% of banks under $1B in assets operating in a single state (rank 286 of 849).
  • Overall: at or above the peer median on 10 of 10 directional measures.

Return on Assets

2.11%

Rank 39 of 849

Net Interest Margin

4.61%

Rank 72 of 849

Efficiency Ratio

57.47%

Rank 197 of 849

Equity / Assets

17.32%

Rank 74 of 849

Non-interest income vs. expense

$64K$605KINCOMEEXPENSE
Unfavorable gap of $541K · efficiency ratio beats 77% of banks under $1B in assets operating in a single state
Bank 57.47%Peer median 68.2%Q2 2024Q3 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.11%0.60%0.92%1.34%Beats 95%39 / 849
Return on Equity12.19%5.33%9.20%12.48%Beats 73%233 / 848
Net Interest Margin4.61%2.93%3.45%4.03%Beats 92%72 / 849
Efficiency Ratio57.47%58.46%68.22%77.90%Beats 77%197 / 849
Asset Quality
Nonperforming Loans / Loans0.00%0.06%0.40%1.03%Beats 100%129 / 843
Net Charge-Offs / Loans0.00%0.00%0.02%0.07%Beats 100%175 / 843
Capital
Tier 1 Capital Ratio16.92%11.59%13.93%17.99%Beats 70%258 / 849
Total Risk-Based Capital Ratio16.92%11.90%14.68%18.78%Beats 66%286 / 849
Equity / Assets17.32%8.73%10.40%13.12%Beats 91%74 / 849
Liquidity & Funding
Loans / Deposits83.73%62.07%77.56%89.95%62nd pctl325 / 849
Loans / Assets66.99%53.39%65.75%75.62%53rd pctl397 / 843
Brokered Deposits / Deposits0.00%n/an/a2.94%Beats 100%521 / 849