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Letter portraitLegal landscapeQuarterYTD

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 $10.4MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $339.2M11%Noninterest $40.9MQ2 2025Q2 2026

NIM

3.97%Q2 ’244.37%Q2 ’254.63%Q2 ’26+24%+15%

Non-interest income vs. expense

2.21%Q2 ’242.55%Q2 ’252.68%Q2 ’26+38%+3%

Executive Summary

  • Earnings: ROA of 0.58%, up 19 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.22% of loans (+13 bps YoY), with net charge-offs at 0.03%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

0.58%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.03%+40 bps YoY

Efficiency Ratio (quarter, annualized)

75.65%-752 bps YoY

Tier 1 Leverage Ratio

10.44%+23 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.39%0.62%0.57%0.53%0.58%+19 bps
Return on Equity5.19%7.76%6.79%6.18%6.77%+158 bps
Net Interest Margin2.63%2.75%2.74%2.84%3.03%+40 bps
Efficiency Ratio83.17%77.74%77.72%81.00%75.65%-752 bps
Non-Interest Burden2.12%2.03%2.04%2.21%2.17%+5 bps
Growth
Asset Growth (YoY)-1.55%0.78%2.49%-2.45%4.13%+568 bps
Loan Growth (YoY)12.07%9.82%4.16%7.34%15.48%+341 bps
Deposit Growth (YoY)5.44%10.73%2.54%-2.66%0.70%-474 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.12%0.11%0.24%0.22%+13 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.02%0.03%+3 bps
Allowance / Loans1.41%1.35%1.42%1.38%1.31%-10 bps
Allowance Coverage of NPLs15.3x11.4x13.2x5.9x5.9x-9.3x
Capital
Tier 1 Leverage Ratio10.21%10.21%10.04%10.43%10.44%+23 bps
Total Risk-Based Capital18.29%18.07%19.33%18.63%17.37%-92 bps
Equity / Assets7.84%8.12%8.68%8.63%8.60%+75 bps
Liquidity & Funding
Loans / Deposits59.79%59.26%57.90%61.16%68.56%+877 bps
Liquid Assets / Assets3.84%5.36%6.68%4.19%3.29%-55 bps
CRE / Total Capitaln/a193.57%190.46%192.38%n/an/a