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Letter portraitLegal landscapeQuarterYTD

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