PackageTrendsPeer
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

5.32%Q2 ’245.47%Q2 ’255.47%Q2 ’26+17%+5%

Non-interest income vs. expense

2.73%Q2 ’242.97%Q2 ’252.95%Q2 ’26+22%-6%

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 1.50%, up 24 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.62% of loans (-76 bps YoY), with net recoveries of 0.01%.
  • 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 (quarter, annualized)

1.50%+24 bps YoY

Net Interest Margin (quarter, annualized)

3.93%+19 bps YoY

Efficiency Ratio (quarter, annualized)

60.82%-419 bps YoY

Tier 1 Leverage Ratio

12.22%+108 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.55%1.10%1.24%1.50%+24 bps
Return on Equity10.97%13.20%9.08%9.95%11.76%+79 bps
Net Interest Margin3.74%3.73%3.79%3.67%3.93%+19 bps
Efficiency Ratio65.01%57.81%70.02%65.62%60.82%-419 bps
Non-Interest Burden2.11%1.69%2.35%2.07%1.99%-12 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-0.01%0.00%-0.01%0.00%-0.01%0 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