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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 1.14%, up 30 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.01% of loans (-6 bps YoY), with net charge-offs at 0.06%.
  • 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 (YTD, annualized)

1.14%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+44 bps YoY

Efficiency Ratio (YTD, annualized)

59.33%-812 bps YoY

Tier 1 Leverage Ratio

10.05%-22 bps YoY

NIM

4.79%Q2 ’245.08%Q2 ’255.16%Q2 ’26+7%+14%

Non-interest income vs. expense

2.30%Q2 ’242.44%Q2 ’252.41%Q2 ’26+7%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.75%0.70%0.76%0.84%0.85%0.87%1.08%1.14%+30 bps
Return on Equity13.65%12.68%13.51%14.61%14.07%13.75%14.89%16.03%+142 bps
Net Interest Margin2.92%2.88%3.17%3.20%3.24%3.20%3.63%3.65%+44 bps
Efficiency Ratio69.59%70.96%69.72%67.45%66.42%65.99%59.64%59.33%-812 bps
Non-Interest Burden1.91%1.93%2.09%2.03%2.01%1.97%1.99%1.99%-3 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 / Loans0.04%0.17%0.22%0.32%0.28%0.22%0.04%0.06%-26 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