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Security State Bank

Basin, WY · Cert 12592 · Financial Security Corp.

State charter, Fed member · FED · 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 operating in a single state3

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 operating in a single state (n=743 to 746). 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

54

Q2 2024Q2 2026peer median (50)

Asset Quality

56

Q2 2024Q2 2026peer median (50)

Profitability

18

Q2 2024Q2 2026peer median (50)

Liquidity

70

Q2 2024Q2 2026peer median

Efficiency

21

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

Security State Bank

Basin, WY · Cert 12592 · Financial Security Corp.

State charter, Fed member · FED · 5 branches

Q2 2026

$449.1MAssets
$260.5MLoans
$380.1MDeposits
$38.6MEquity
Loan mix
78%RE $172.9M17%C&I $37.8M5%Consumer $10.4MQ3 2024Q2 2026
Deposit mix
89%Interest-bearing $339.2M11%Noninterest $40.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.56%, up 26 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.22% of loans (+13 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.44%, up 23 bps from a year ago.
  • Funding: loans stand at 68.56% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.56%+26 bps YoY

Net Interest Margin (YTD, annualized)

2.93%+35 bps YoY

Efficiency Ratio (YTD, annualized)

78.23%-849 bps YoY

Tier 1 Leverage Ratio

10.44%+23 bps YoY

NIM

3.96%Q2 ’244.33%Q2 ’254.53%Q2 ’26+25%+14%

Non-interest income vs. expense

2.13%Q2 ’242.57%Q2 ’252.68%Q2 ’26+34%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.39%0.34%0.20%0.30%0.40%0.45%0.53%0.56%+26 bps
Return on Equity5.50%4.79%2.90%4.07%5.37%5.76%6.18%6.43%+236 bps
Net Interest Margin2.15%2.19%2.47%2.57%2.61%2.58%2.84%2.93%+35 bps
Efficiency Ratio85.31%87.35%90.52%86.72%83.53%82.00%81.00%78.23%-849 bps
Non-Interest Burden1.77%1.86%2.20%2.18%2.11%2.04%2.21%2.18%0 bps
Growth
Asset Growth (YoY)4.19%-5.90%-0.78%-1.55%0.78%2.49%-2.45%4.13%+568 bps
Loan Growth (YoY)12.41%13.75%13.06%12.07%9.82%4.16%7.34%15.48%+341 bps
Deposit Growth (YoY)1.87%4.67%7.33%5.44%10.73%2.54%-2.66%0.70%-474 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.01%0.09%0.12%0.11%0.24%0.22%+13 bps
Net Charge-Offs / Loans0.05%0.05%0.00%0.00%0.00%0.00%0.02%0.02%+2 bps
Allowance / Loans1.42%1.39%1.43%1.41%1.35%1.42%1.38%1.31%-10 bps
Allowance Coverage of NPLsn/an/a173.0x15.3x11.4x13.2x5.9x5.9x-9.3x
Capital
Tier 1 Leverage Ratio10.19%9.87%9.96%10.21%10.21%10.04%10.43%10.44%+23 bps
Total Risk-Based Capital19.96%18.07%18.24%18.29%18.07%19.33%18.63%17.37%-92 bps
Equity / Assets7.85%6.97%7.17%7.84%8.12%8.68%8.63%8.60%+75 bps
Liquidity & Funding
Loans / Deposits59.75%57.00%55.46%59.79%59.26%57.90%61.16%68.56%+877 bps
Liquid Assets / Assets4.91%4.32%6.78%3.84%5.36%6.68%4.19%3.29%-55 bps
CRE / Total Capitaln/an/an/an/a193.57%190.46%192.38%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

Security State Bank

Basin, WY · Cert 12592 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Financial Security Corp.

State charter, Fed member · FED · 5 branches

Q2 2026

$449.1MAssets
$260.5MLoans
$380.1MDeposits
$38.6MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 71% of banks under $1B in assets operating in a single state (rank 218 of 746).
  • Widest gap: net interest margin trails 85% of banks under $1B in assets operating in a single state (rank 632 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.55%

Rank 622 of 746

Net Interest Margin

2.93%

Rank 632 of 746

Efficiency Ratio

78.23%

Rank 592 of 746

Equity / Assets

8.60%

Rank 590 of 746

Non-interest income vs. expense

$2.2M$12.0MINCOMEEXPENSE
Unfavorable gap of $9.8M · efficiency ratio beats 21% of banks under $1B in assets operating in a single state
Bank 78.23%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.55%0.72%1.06%1.45%Beats 17%622 / 746
Return on Equity6.35%6.74%10.51%13.63%Beats 23%574 / 746
Net Interest Margin2.93%3.17%3.68%4.16%Beats 15%632 / 746
Efficiency Ratio78.23%55.74%64.58%75.47%Beats 21%592 / 746
Asset Quality
Nonperforming Loans / Loans0.22%0.09%0.42%1.07%Beats 65%265 / 743
Net Charge-Offs / Loans0.01%0.00%0.01%0.05%Beats 46%404 / 743
Capital
Tier 1 Capital Ratio16.19%11.55%13.75%17.60%Beats 69%233 / 746
Total Risk-Based Capital Ratio17.37%11.71%14.33%18.43%Beats 71%218 / 746
Equity / Assets8.60%8.90%10.51%13.06%Beats 21%590 / 746
Liquidity & Funding
Loans / Deposits68.56%61.31%78.27%90.78%33rd pctl497 / 746
Loans / Assets58.01%53.60%66.97%76.08%32nd pctl507 / 746
Brokered Deposits / Depositsn/aNot reported for this institution