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Iowa State Bank

Hull, IA · Cert 13953 · Vogel Bancshares Inc.

State charter, Fed member · FED · 14 branches

Q2 2026

$1.3BAssets
$904.5MLoans
$873.0MDeposits
$137.2MEquity
Loan mix
88%RE $609.7M10%C&I $68.9M2%Consumer $13.0MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $744.1M15%Noninterest $128.8MQ2 2025Q2 2026

NIM

5.12%Q2 ’245.26%Q2 ’255.36%Q2 ’26+8%+8%

Non-interest income vs. expense

1.58%Q2 ’241.71%Q2 ’251.69%Q2 ’26+8%-1%

Executive Summary

  • Earnings: ROA of 1.60%, up 23 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.06% of loans (-145 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 11.72%, up 49 bps from a year ago.
  • Funding: loans stand at 103.61% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.60%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.33%+24 bps YoY

Efficiency Ratio (YTD, annualized)

45.75%-370 bps YoY

Tier 1 Leverage Ratio

11.72%+49 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.40%1.50%1.49%1.60%+23 bps
Return on Equity14.63%14.77%15.65%14.44%15.18%+55 bps
Net Interest Margin3.09%3.05%3.04%3.30%3.33%+24 bps
Efficiency Ratio49.45%48.54%47.47%49.35%45.75%-370 bps
Non-Interest Burden1.33%1.28%1.21%1.44%1.31%-2 bps
Growth
Asset Growth (YoY)1.05%5.86%8.78%6.38%4.85%+381 bps
Loan Growth (YoY)7.52%9.38%10.22%9.86%6.28%-124 bps
Deposit Growth (YoY)5.23%5.60%3.23%-2.37%-1.11%-634 bps
Asset Quality
Nonperforming Loans / Loans1.52%0.59%0.26%0.26%0.06%-145 bps
Net Charge-Offs / Loans0.02%0.01%0.02%-0.13%-0.07%-8 bps
Allowance / Loans1.11%1.12%1.14%1.20%1.19%+7 bps
Allowance Coverage of NPLs0.7x1.9x4.4x4.6x19.0x+18.3x
Capital
Tier 1 Leverage Ratio11.24%10.94%11.14%11.38%11.72%+49 bps
Total Risk-Based Capital11.24%10.94%11.14%11.38%11.72%+49 bps
Equity / Assets9.51%9.65%10.22%10.47%10.91%+140 bps
Liquidity & Funding
Loans / Deposits96.40%99.84%95.46%97.96%103.61%+721 bps
Liquid Assets / Assets0.25%0.31%0.17%0.11%0.09%-16 bps
CRE / Total Capitaln/a148.03%137.04%135.61%n/an/a