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Letter portraitLegal landscapeQuarterYTD

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 $2.0MQ3 2024Q2 2026
Deposit mix
87%Interest-bearing $202.1M13%Noninterest $30.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.99%, up 41 bps year over year; NIM at 3.11%.
  • 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.

Return on Assets (quarter, annualized)

0.99%+41 bps YoY

Net Interest Margin (quarter, annualized)

3.11%+54 bps YoY

Efficiency Ratio (quarter, annualized)

59.60%-981 bps YoY

Tier 1 Leverage Ratio

8.45%+45 bps YoY

NIM

4.43%Q2 ’244.62%Q2 ’254.87%Q2 ’26+23%+21%

Non-interest income vs. expense

1.88%Q2 ’242.00%Q2 ’252.02%Q2 ’26+10%+3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%0.54%0.57%0.58%0.79%0.68%0.85%0.99%+41 bps
Return on Equity3.87%6.31%6.60%6.79%9.06%7.62%9.38%10.86%+407 bps
Net Interest Margin2.14%2.30%2.52%2.58%2.72%2.73%2.92%3.11%+54 bps
Efficiency Ratio79.04%71.76%70.89%69.41%62.45%68.03%62.21%59.60%-981 bps
Non-Interest Burden1.60%1.49%1.68%1.67%1.54%1.71%1.68%1.71%+4 bps
Growth
Asset Growth (YoY)0.35%0.10%1.93%5.59%4.91%7.52%2.92%1.07%-452 bps
Loan Growth (YoY)-1.11%-1.27%-0.82%2.40%3.87%-2.21%-2.75%-0.63%-303 bps
Deposit Growth (YoY)0.77%-0.58%0.44%-4.66%3.86%6.58%5.66%7.70%+1,236 bps
Asset Quality
Nonperforming Loans / Loans1.59%1.59%1.54%1.45%1.90%1.53%1.48%1.51%+5 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.32%1.38%1.39%1.39%1.44%1.61%1.63%1.58%+19 bps
Allowance Coverage of NPLs0.8x0.9x0.9x1.0x0.8x1.1x1.1x1.1x+0.1x
Capital
Tier 1 Leverage Ratio8.12%8.12%8.12%8.01%8.12%8.07%8.23%8.45%+45 bps
Total Risk-Based Capital12.00%12.21%12.11%11.77%12.00%12.97%12.99%12.66%+89 bps
Equity / Assets8.52%8.58%8.59%8.50%8.84%8.88%9.15%9.16%+67 bps
Liquidity & Funding
Loans / Deposits91.20%89.11%91.41%98.65%91.21%81.76%84.14%91.02%-763 bps
Liquid Assets / Assets2.14%2.41%2.68%2.93%2.74%10.98%7.36%5.23%+230 bps
CRE / Total Capitaln/an/an/an/a196.18%178.29%182.67%n/an/a