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Farmers State Bank, The

McPherson, KS · Cert 13883 · Galva Bancshares Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$180.5MAssets
$94.3MLoans
$158.1MDeposits
$12.5MEquity
Loan mix
75%RE $60.7M16%C&I $12.9M9%Consumer $7.3MQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $119.4M24%Noninterest $38.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.21%, up 30 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.01% of loans (-6 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 10.05%, down 22 bps from a year ago.
  • Funding: loans stand at 59.64% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.21%+30 bps YoY

Net Interest Margin (quarter, annualized)

3.72%+46 bps YoY

Efficiency Ratio (quarter, annualized)

59.04%-626 bps YoY

Tier 1 Leverage Ratio

10.05%-22 bps YoY

NIM

4.88%Q2 ’245.16%Q2 ’255.24%Q2 ’26+12%+14%

Non-interest income vs. expense

2.35%Q2 ’242.42%Q2 ’252.44%Q2 ’26+2%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.62%0.52%0.76%0.91%0.89%0.90%1.08%1.21%+30 bps
Return on Equity10.74%8.71%13.51%15.44%13.74%12.68%14.89%17.06%+162 bps
Net Interest Margin2.82%2.73%3.17%3.26%3.40%3.41%3.63%3.72%+46 bps
Efficiency Ratio73.76%75.24%69.72%65.30%64.51%64.79%59.64%59.04%-626 bps
Non-Interest Burden1.98%1.95%2.09%1.98%2.03%2.06%1.99%2.02%+5 bps
Growth
Asset Growth (YoY)8.76%-0.71%0.64%-1.00%1.44%8.51%7.81%13.12%+1,413 bps
Loan Growth (YoY)8.04%5.74%3.34%2.10%2.78%2.66%6.22%7.36%+526 bps
Deposit Growth (YoY)2.74%-1.39%0.63%-0.12%2.73%6.22%5.12%9.58%+970 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.28%0.17%0.06%0.01%0.01%0.04%0.01%-6 bps
Net Charge-Offs / Loans0.01%0.55%0.22%0.42%0.19%0.07%0.04%0.08%-34 bps
Allowance / Loans1.22%1.12%1.12%1.02%1.06%1.08%1.09%1.09%+6 bps
Allowance Coverage of NPLs5.8x4.0x6.7x16.4x129.7x156.3x24.6x205.0x+188.6x
Capital
Tier 1 Leverage Ratio9.87%10.01%10.24%10.27%10.32%10.14%10.00%10.05%-22 bps
Total Risk-Based Capital15.60%10.01%10.24%10.27%10.32%10.14%10.00%10.05%-22 bps
Equity / Assets6.41%5.46%5.83%5.93%7.00%7.21%7.23%6.93%+101 bps
Liquidity & Funding
Loans / Deposits57.95%59.04%57.16%60.87%57.98%57.06%57.76%59.64%-123 bps
Liquid Assets / Assets3.23%1.79%6.24%3.84%6.58%3.49%3.47%4.18%+34 bps
CRE / Total Capitaln/an/an/an/a85.11%87.16%93.02%n/an/a