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Sandhills State Bank

North Platte, NE · Cert 13892 · Sandhills Finl Services LLC

State charter, non-member · FDIC · 10 branches

Q2 2026

$382.8MAssets
$278.4MLoans
$347.1MDeposits
$33.9MEquity
Loan mix
71%RE $111.8M28%C&I $43.5M1%Consumer $2.1MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $274.3M21%Noninterest $72.8MQ2 2025Q2 2026

NIM

5.00%Q2 ’245.15%Q2 ’255.14%Q2 ’26+12%+3%

Non-interest income vs. expense

2.22%Q2 ’242.25%Q2 ’252.33%Q2 ’26+1%+5%

Executive Summary

  • Earnings: ROA of 1.22%, up 6 bps year over year; NIM at 3.87%.
  • Asset quality: problem loans at 0.16% of loans (+1 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 8.42%, down 51 bps from a year ago.
  • Funding: loans stand at 80.22% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.22%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.87%+13 bps YoY

Efficiency Ratio (YTD, annualized)

59.13%+161 bps YoY

Tier 1 Leverage Ratio

8.42%-51 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.16%1.13%1.10%1.24%1.22%+6 bps
Return on Equity13.19%12.86%12.56%14.25%13.86%+67 bps
Net Interest Margin3.74%3.68%3.43%3.82%3.87%+13 bps
Efficiency Ratio57.52%58.60%58.89%57.88%59.13%+161 bps
Non-Interest Burden2.08%2.09%1.96%2.12%2.19%+11 bps
Growth
Asset Growth (YoY)3.23%3.54%12.65%5.51%6.10%+287 bps
Loan Growth (YoY)1.66%-2.20%0.35%0.35%3.32%+165 bps
Deposit Growth (YoY)1.53%4.17%12.77%8.80%13.52%+1,199 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.15%0.13%0.13%0.16%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.01%-0.03%-0.02%-1 bps
Allowance / Loans1.03%1.07%1.09%1.13%1.09%+6 bps
Allowance Coverage of NPLs6.5x7.1x8.3x8.6x6.6x+0.1x
Capital
Tier 1 Leverage Ratio8.93%8.83%8.07%8.38%8.42%-51 bps
Total Risk-Based Capital11.72%12.07%11.79%12.16%11.82%+10 bps
Equity / Assets8.84%8.92%8.55%8.89%8.86%+3 bps
Liquidity & Funding
Loans / Deposits88.14%77.37%75.55%77.07%80.22%-792 bps
Liquid Assets / Assets3.89%7.67%9.43%6.73%5.18%+129 bps
CRE / Total Capitaln/a63.53%68.41%70.58%n/an/a