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United Community Bank

Milford, IA · Cert 13656 · Milford Bcorp

State charter, non-member · FDIC · 5 branches

Q2 2026

$290.0MAssets
$211.8MLoans
$232.7MDeposits
$26.6MEquity
Loan mix
91%RE $133.1M8%C&I $11.5M1%Consumer $2.0MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $202.1M13%Noninterest $30.6MQ2 2025Q2 2026

NIM

4.32%Q2 ’244.50%Q2 ’254.79%Q2 ’26+16%+20%

Non-interest income vs. expense

1.90%Q2 ’241.97%Q2 ’252.01%Q2 ’26+6%+3%

Executive Summary

  • Earnings: ROA of 0.92%, up 34 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 1.51% of loans (+5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.45%, up 45 bps from a year ago.
  • Funding: loans stand at 91.02% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.92%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.03%+51 bps YoY

Efficiency Ratio (YTD, annualized)

60.87%-926 bps YoY

Tier 1 Leverage Ratio

8.45%+45 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.57%0.65%0.66%0.85%0.92%+34 bps
Return on Equity6.70%7.50%7.56%9.38%10.12%+342 bps
Net Interest Margin2.52%2.58%2.58%2.92%3.03%+51 bps
Efficiency Ratio70.13%67.41%67.58%62.21%60.87%-926 bps
Non-Interest Burden1.65%1.61%1.61%1.68%1.70%+5 bps
Growth
Asset Growth (YoY)5.59%4.91%7.52%2.92%1.07%-452 bps
Loan Growth (YoY)2.40%3.87%-2.21%-2.75%-0.63%-303 bps
Deposit Growth (YoY)-4.66%3.86%6.58%5.66%7.70%+1,236 bps
Asset Quality
Nonperforming Loans / Loans1.45%1.90%1.53%1.48%1.51%+5 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.39%1.44%1.61%1.63%1.58%+19 bps
Allowance Coverage of NPLs1.0x0.8x1.1x1.1x1.1x+0.1x
Capital
Tier 1 Leverage Ratio8.01%8.12%8.07%8.23%8.45%+45 bps
Total Risk-Based Capital11.77%12.00%12.97%12.99%12.66%+89 bps
Equity / Assets8.50%8.84%8.88%9.15%9.16%+67 bps
Liquidity & Funding
Loans / Deposits98.65%91.21%81.76%84.14%91.02%-763 bps
Liquid Assets / Assets2.93%2.74%10.98%7.36%5.23%+230 bps
CRE / Total Capitaln/a196.18%178.29%182.67%n/an/a