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Peoples State Bank, The

Ellettsville, IN · Cert 14113 · Ellettsville Bancshares Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$506.6MAssets
$277.4MLoans
$444.3MDeposits
$47.3MEquity
Loan mix
91%RE $241.6M7%C&I $19.8M1%Consumer $3.3MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $348.4M22%Noninterest $95.9MQ3 2024Q2 2026

Market Position · Bloomington, IN · 2026 SOD (annual) · 9.1% share · #5 of 14 inst. · $0.3B of $3.8B

7.7% Monroe
26.9% Owen
34.8% Brown
2.2% Morgan

Executive Summary

  • Earnings: ROA of 1.25%, up 37 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.19% of loans (-7 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.47%, down 5 bps from a year ago.
  • Funding: loans stand at 62.43% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.25%+37 bps YoY

Net Interest Margin (quarter, annualized)

3.48%+33 bps YoY

Efficiency Ratio (quarter, annualized)

62.90%-705 bps YoY

Tier 1 Leverage Ratio

10.47%-5 bps YoY

NIM

4.92%Q2 ’244.94%Q2 ’254.99%Q2 ’26+10%+10%

Non-interest income vs. expense

2.53%Q2 ’242.66%Q2 ’252.69%Q2 ’26+5%-6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.81%0.85%0.79%0.88%1.07%0.80%1.07%1.25%+37 bps
Return on Equity9.55%9.94%9.18%9.91%11.62%8.42%11.35%13.38%+347 bps
Net Interest Margin2.93%3.02%3.10%3.15%3.28%3.45%3.53%3.48%+33 bps
Efficiency Ratio71.85%70.70%73.14%69.96%65.41%72.03%66.27%62.90%-705 bps
Non-Interest Burden1.90%1.97%2.10%2.01%1.93%2.32%2.11%1.89%-12 bps
Growth
Asset Growth (YoY)2.77%3.11%2.48%1.58%1.89%3.34%6.32%8.95%+737 bps
Loan Growth (YoY)5.08%2.65%6.17%5.41%5.78%9.76%6.80%7.19%+178 bps
Deposit Growth (YoY)0.57%3.05%1.09%0.49%1.65%2.64%7.14%9.35%+886 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.09%0.06%0.26%0.41%0.41%0.19%0.19%-7 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.00%0.08%0.00%0.00%0 bps
Allowance / Loans1.04%1.04%1.02%1.01%1.01%1.01%1.02%1.01%0 bps
Allowance Coverage of NPLs63.6x10.9x17.3x3.9x2.5x2.4x5.5x5.3x+1.4x
Capital
Tier 1 Leverage Ratio10.15%10.08%10.43%10.51%10.66%10.51%10.73%10.47%-5 bps
Total Risk-Based Capital10.15%10.08%10.43%10.51%10.66%10.51%10.73%10.47%-5 bps
Equity / Assets8.86%8.34%8.80%8.95%9.43%9.48%9.41%9.34%+40 bps
Liquidity & Funding
Loans / Deposits62.13%60.16%64.39%63.69%64.66%64.34%64.19%62.43%-126 bps
Liquid Assets / Assets12.97%13.33%11.99%13.05%12.75%13.28%12.95%14.27%+123 bps
CRE / Total Capitaln/an/an/an/a280%280%273%n/an/a