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GNB Bank

Grundy Center, IA · Cert 14079 · GNB Bcorp

State charter, Fed member · FED · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=134 to 135). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

76

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

66

Q2 2024Q2 2026peer median (50)

Liquidity

59

Q2 2024Q2 2026peer median

Efficiency

26

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

GNB Bank

Grundy Center, IA · Cert 14079 · GNB Bcorp

State charter, Fed member · FED · 9 branches

Q2 2026

$621.3MAssets
$446.9MLoans
$498.0MDeposits
$79.2MEquity
Loan mix
72%RE $217.8M26%C&I $78.3M2%Consumer $4.6MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $410.8M18%Noninterest $87.2MQ2 2025Q2 2026

NIM

5.22%Q2 ’245.32%Q2 ’255.41%Q2 ’26+15%+7%

Non-interest income vs. expense

2.69%Q2 ’242.86%Q2 ’252.99%Q2 ’26+9%+4%

Market Position · Waterloo-Cedar Falls, IA · 2026 SOD (annual) · 4.4% share · #6 of 23 inst. · $0.2B of $4.7B

21.4% Grundy
12.6% Delaware
8.3% Hardin
3.4% Marshall

Executive Summary

  • Earnings: ROA of 1.36%, up 28 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.62% of loans (-76 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.22%, up 108 bps from a year ago.
  • Funding: loans stand at 89.75% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.36%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+24 bps YoY

Efficiency Ratio (YTD, annualized)

63.16%-107 bps YoY

Tier 1 Leverage Ratio

12.22%+108 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.08%1.24%1.21%1.24%1.36%+28 bps
Return on Equity9.68%10.90%10.46%9.95%10.84%+115 bps
Net Interest Margin3.59%3.60%3.66%3.67%3.83%+24 bps
Efficiency Ratio64.23%61.98%64.04%65.62%63.16%-107 bps
Non-Interest Burden1.96%1.85%1.98%2.07%2.04%+8 bps
Growth
Asset Growth (YoY)1.00%-0.73%0.23%-0.04%-0.87%-187 bps
Loan Growth (YoY)3.64%3.54%3.49%1.08%-1.45%-509 bps
Deposit Growth (YoY)-0.35%1.67%-0.61%1.45%-0.06%+29 bps
Asset Quality
Nonperforming Loans / Loans1.38%1.36%1.19%0.86%0.62%-76 bps
Net Charge-Offs / Loans-0.11%-0.07%-0.05%0.00%0.00%+11 bps
Allowance / Loans1.41%1.41%1.41%1.44%1.44%+3 bps
Allowance Coverage of NPLs1.0x1.0x1.2x1.7x2.3x+1.3x
Capital
Tier 1 Leverage Ratio11.14%11.32%11.59%11.80%12.22%+108 bps
Total Risk-Based Capital15.19%14.88%15.77%16.47%16.70%+151 bps
Equity / Assets11.49%12.04%12.24%12.68%12.75%+126 bps
Liquidity & Funding
Loans / Deposits91.02%88.58%92.58%86.71%89.75%-126 bps
Liquid Assets / Assets1.44%1.39%1.52%1.62%1.56%+12 bps
CRE / Total Capitaln/a120.38%116.74%113.82%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

GNB Bank

Grundy Center, IA · Cert 14079 · Peer group: banks under $1B in assets in IA (n=134-135) · GNB Bcorp

State charter, Fed member · FED · 9 branches

Q2 2026

$621.3MAssets
$446.9MLoans
$498.0MDeposits
$79.2MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 79% of banks under $1B in assets in IA (rank 28 of 135).
  • Widest gap: efficiency ratio trails 74% of banks under $1B in assets in IA (rank 101 of 135).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.36%

Rank 51 of 135

Net Interest Margin

3.83%

Rank 28 of 135

Efficiency Ratio

63.16%

Rank 101 of 135

Equity / Assets

12.75%

Rank 37 of 135

Non-interest income vs. expense

$5.8M$18.4MINCOMEEXPENSE
Unfavorable gap of $12.6M · efficiency ratio beats 26% of banks under $1B in assets in IA
Bank 63.16%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.36%0.92%1.19%1.47%Beats 62%51 / 135
Return on Equity10.65%7.99%10.26%13.14%Beats 56%60 / 135
Net Interest Margin3.83%2.95%3.41%3.73%Beats 79%28 / 135
Efficiency Ratio63.16%50.61%57.35%63.29%Beats 26%101 / 135
Asset Quality
Nonperforming Loans / Loans0.62%0.03%0.51%1.26%Beats 46%73 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 40%81 / 134
Capital
Tier 1 Capital Ratio15.45%11.23%13.31%15.45%Beats 75%34 / 135
Total Risk-Based Capital Ratio16.70%11.61%14.06%16.47%Beats 79%29 / 135
Equity / Assets12.75%9.87%11.05%13.07%Beats 73%37 / 135
Liquidity & Funding
Loans / Deposits89.75%68.54%81.55%91.24%69th pctl41 / 134
Loans / Assets71.93%57.61%68.06%76.23%59th pctl55 / 135
Brokered Deposits / Depositsn/aNot reported for this institution