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Security Savings Bank

Gowrie, IA · Cert 14208 · Security Financial Inc.

State charter, Fed member · FED · 8 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

75

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

86

Q2 2024Q2 2026peer median (50)

Liquidity

54

Q2 2024Q2 2026peer median

Efficiency

76

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 2026-10-10

Security Savings Bank

Gowrie, IA · Cert 14208 · Security Financial Inc.

State charter, Fed member · FED · 8 branches

Q2 2026

$193.7MAssets
$146.2MLoans
$161.1MDeposits
$28.4MEquity
Loan mix
75%RE $74.1M20%C&I $20.1M5%Consumer $4.5MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $129.4M20%Noninterest $31.6MQ3 2024Q2 2026

Market Position · Ames, IA · 2026 SOD (annual) · 0.3% share · #24 of 26 inst. · $0.0B of $3.8B

7.1% Webster
14.6% Calhoun
1.7% Boone
1.8% Hamilton

Executive Summary

  • Earnings: ROA of 1.82%, up 35 bps year over year; NIM at 4.38%.
  • Asset quality: problem loans at 0.04% of loans (-1 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 13.17%, up 142 bps from a year ago.
  • Funding: loans stand at 90.75% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.82%+35 bps YoY

Net Interest Margin (YTD, annualized)

4.38%+37 bps YoY

Efficiency Ratio (YTD, annualized)

49.47%-443 bps YoY

Tier 1 Leverage Ratio

13.17%+142 bps YoY

NIM

4.83%Q2 ’245.01%Q2 ’255.35%Q2 ’26+10%+9%

Non-interest income vs. expense

2.33%Q2 ’242.43%Q2 ’252.40%Q2 ’26+3%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.25%1.30%1.44%1.46%1.49%1.51%1.77%1.82%+35 bps
Return on Equity10.72%10.91%11.32%11.39%11.23%11.23%12.62%12.74%+135 bps
Net Interest Margin3.79%3.79%3.96%4.00%4.20%4.07%4.29%4.38%+37 bps
Efficiency Ratio55.27%55.19%54.53%53.90%53.82%54.03%50.24%49.47%-443 bps
Non-Interest Burden1.99%1.97%2.02%2.01%2.10%2.03%1.94%1.95%-6 bps
Growth
Asset Growth (YoY)-3.09%-6.67%-3.19%-0.63%-4.50%2.92%3.74%1.31%+193 bps
Loan Growth (YoY)6.88%1.44%0.02%1.06%2.41%5.56%13.73%12.69%+1,164 bps
Deposit Growth (YoY)-5.00%-4.62%-1.28%-2.07%-2.83%1.30%1.77%-1.07%+100 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.04%0.02%0.05%0.01%0.04%0.05%0.04%-1 bps
Net Charge-Offs / Loans-0.01%-0.01%0.06%0.03%0.02%0.07%0.00%-0.01%-3 bps
Allowance / Loans1.57%1.62%1.65%1.67%1.65%1.60%1.52%1.56%-11 bps
Allowance Coverage of NPLs70.7x39.6x66.2x35.5x147.3x39.7x32.7x38.6x+3.1x
Capital
Tier 1 Leverage Ratio11.32%11.36%11.67%11.75%13.10%12.72%12.98%13.17%+142 bps
Total Risk-Based Capital15.09%15.32%15.72%15.94%16.62%16.34%16.01%16.40%+47 bps
Equity / Assets12.59%12.62%12.78%13.11%14.68%14.11%13.99%14.66%+155 bps
Liquidity & Funding
Loans / Deposits84.15%80.52%78.48%79.67%88.69%83.91%87.70%90.75%+1,108 bps
Liquid Assets / Assets1.08%0.98%1.19%1.38%1.40%1.36%1.23%0.97%-41 bps
CRE / Total Capitaln/an/an/an/a44.23%46.90%47.26%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 2026-10-10

Security Savings Bank

Gowrie, IA · Cert 14208 · Peer group: banks under $1B in assets in IA (n=134-135) · Security Financial Inc.

State charter, Fed member · FED · 8 branches

Q2 2026

$193.7MAssets
$146.2MLoans
$161.1MDeposits
$28.4MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 96% of banks under $1B in assets in IA (rank 6 of 135).
  • Widest gap: net charge-offs / loans trails 52% of banks under $1B in assets in IA (rank 71 of 134).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.83%

Rank 9 of 135

Net Interest Margin

4.38%

Rank 6 of 135

Efficiency Ratio

50.61%

Rank 34 of 135

Equity / Assets

14.66%

Rank 24 of 135

Non-interest income vs. expense

$0.9M$4.7MINCOMEEXPENSE
Unfavorable gap of $3.8M · efficiency ratio beats 76% of banks under $1B in assets in IA
Bank 50.61%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.83%0.92%1.19%1.47%Beats 93%9 / 135
Return on Equity12.50%7.99%10.26%13.14%Beats 68%43 / 135
Net Interest Margin4.38%2.95%3.41%3.73%Beats 96%6 / 135
Efficiency Ratio50.61%50.61%57.35%63.29%Beats 76%34 / 135
Asset Quality
Nonperforming Loans / Loans0.04%0.03%0.51%1.26%Beats 72%38 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 48%71 / 134
Capital
Tier 1 Capital Ratio15.15%11.23%13.31%15.45%Beats 70%40 / 135
Total Risk-Based Capital Ratio16.40%11.61%14.06%16.47%Beats 73%36 / 135
Equity / Assets14.66%9.87%11.05%13.07%Beats 82%24 / 135
Liquidity & Funding
Loans / Deposits90.75%68.54%81.55%91.24%71st pctl39 / 134
Loans / Assets75.47%57.61%68.06%76.23%73rd pctl37 / 135
Brokered Deposits / Depositsn/aNot reported for this institution