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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

5.43%Q2 ’245.35%Q2 ’255.40%Q2 ’26+8%+7%

Non-interest income vs. expense

1.56%Q2 ’241.68%Q2 ’251.59%Q2 ’26+8%-5%

Executive Summary

  • Earnings: ROA of 1.72%, up 25 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.06% of loans (-145 bps YoY), with net recoveries of 0.01%.
  • 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 (quarter, annualized)

1.72%+25 bps YoY

Net Interest Margin (quarter, annualized)

3.39%+22 bps YoY

Efficiency Ratio (quarter, annualized)

42.28%-485 bps YoY

Tier 1 Leverage Ratio

11.72%+49 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.46%1.45%1.80%1.49%1.72%+25 bps
Return on Equity15.43%15.13%18.13%14.44%16.05%+62 bps
Net Interest Margin3.17%3.22%3.19%3.30%3.39%+22 bps
Efficiency Ratio47.14%46.86%44.62%49.35%42.28%-485 bps
Non-Interest Burden1.27%1.28%1.09%1.44%1.20%-7 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 / Loans0.03%0.01%0.03%-0.13%-0.01%-4 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