Waterloo, IA · Cert 12855 · FSB Financial Services Inc.
State charter, non-member · FDIC · 1 affiliate bank · 8 branches (10 in holding)
Q2 2026
Market Position · Waterloo-Cedar Falls, IA · 2026 SOD (annual) · 21.4% share · #1 of 23 inst. · $1.0B of $4.7B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.23% | 0.33% | 0.58% | 0.70% | 0.76% | 0.86% | 1.09% | 1.15% | +46 bps | |
| Return on Equity | 2.60% | 3.71% | 6.49% | 7.80% | 8.32% | 9.24% | 10.71% | 11.10% | +330 bps | |
| Net Interest Margin | 1.56% | 1.65% | 1.98% | 2.13% | 2.25% | 2.38% | 2.85% | 2.95% | +83 bps | |
| Efficiency Ratio | 83.42% | 77.72% | 66.58% | 62.09% | 59.64% | 56.44% | 52.41% | 51.21% | -1,088 bps | |
| Non-Interest Burden | 1.27% | 1.24% | 1.26% | 1.23% | 1.25% | 1.24% | 1.39% | 1.40% | +17 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.58% | 3.80% | 2.74% | 1.57% | -2.95% | -0.77% | -2.73% | -1.65% | -322 bps | |
| Loan Growth (YoY) | 4.31% | 4.49% | 2.44% | -0.06% | -1.24% | -0.67% | -0.99% | 0.43% | +49 bps | |
| Deposit Growth (YoY) | 1.33% | -7.03% | 3.50% | 7.24% | 3.95% | 7.90% | 0.64% | -2.37% | -961 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.03% | 0.03% | 0.01% | 0.00% | 0.04% | 0.05% | 0.01% | 0.01% | +1 bps | |
| Net Charge-Offs / Loans | 0.12% | 0.09% | 0.01% | 0.01% | 0.01% | 0.01% | 0.02% | 0.01% | 0 bps | |
| Allowance / Loans | 1.01% | 0.99% | 1.00% | 1.01% | 1.02% | 1.02% | 1.05% | 1.06% | +5 bps | |
| Allowance Coverage of NPLs | 30.3x | 36.1x | 68.7x | 423.7x | 25.9x | 20.7x | 96.3x | 79.9x | -343.8x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.61% | 9.65% | 9.69% | 10.05% | 10.34% | 10.62% | 10.77% | 11.20% | +115 bps | |
| Total Risk-Based Capital | 13.16% | 13.28% | 13.40% | 13.71% | 13.88% | 13.91% | 14.36% | 14.51% | +80 bps | |
| Equity / Assets | 8.99% | 8.84% | 8.89% | 9.07% | 9.92% | 10.01% | 10.35% | 10.80% | +173 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 108.65% | 114.74% | 104.79% | 101.00% | 103.23% | 105.62% | 103.10% | 103.89% | +289 bps | |
| Liquid Assets / Assets | 0.88% | 1.36% | 0.95% | 1.37% | 0.56% | 2.00% | 0.42% | 1.21% | -16 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 375% | 374% | 354% | n/a | n/a | |