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Security Financial Bank

Durand, WI · Cert 14222 · Security Finl Services Corp.

State charter, Fed member · FED · 8 branches

Q2 2026

$1.0BAssets
$758.0MLoans
$827.5MDeposits
$99.2MEquity
Loan mix
79%RE $537.7M20%C&I $135.3M1%Consumer $4.4MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $667.9M19%Noninterest $159.6MQ2 2025Q2 2026

NIM

4.52%Q2 ’245.13%Q2 ’255.39%Q2 ’26+24%+12%

Non-interest income vs. expense

1.95%Q2 ’242.05%Q2 ’252.09%Q2 ’26+6%+5%

Market Position · Eau Claire, WI · 2026 SOD (annual) · 6.6% share · #7 of 22 inst. · $0.2B of $3.7B

81.1% Pepin
11.2% Chippewa
54.5% Jackson
25.7% Rusk

Executive Summary

  • Earnings: ROA of 1.28%, up 28 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 1.44% of loans (+24 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 9.67%, up 19 bps from a year ago.
  • Funding: loans stand at 91.60% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.28%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+37 bps YoY

Efficiency Ratio (YTD, annualized)

54.49%-381 bps YoY

Tier 1 Leverage Ratio

9.67%+19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%1.06%1.11%1.26%1.28%+28 bps
Return on Equity11.54%12.03%12.41%13.50%13.68%+213 bps
Net Interest Margin3.17%3.17%3.22%3.51%3.54%+37 bps
Efficiency Ratio58.30%57.95%57.69%54.16%54.49%-381 bps
Non-Interest Burden1.71%1.70%1.72%1.77%1.79%+8 bps
Growth
Asset Growth (YoY)6.22%3.11%7.89%5.26%5.98%-25 bps
Loan Growth (YoY)7.29%7.64%9.85%8.48%8.07%+78 bps
Deposit Growth (YoY)10.59%5.81%7.19%2.67%2.56%-803 bps
Asset Quality
Nonperforming Loans / Loans1.19%1.61%1.52%1.54%1.44%+24 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.01%0.05%+5 bps
Allowance / Loans1.43%1.44%1.43%1.45%1.44%+1 bps
Allowance Coverage of NPLs1.2x0.9x0.9x0.9x1.0x-0.2x
Capital
Tier 1 Leverage Ratio9.48%9.27%9.51%9.48%9.67%+19 bps
Total Risk-Based Capital13.08%12.90%13.00%12.96%13.23%+15 bps
Equity / Assets8.92%9.22%9.39%9.27%9.53%+61 bps
Liquidity & Funding
Loans / Deposits86.92%87.91%87.76%90.31%91.60%+467 bps
Liquid Assets / Assets0.49%0.40%1.93%0.71%0.30%-18 bps
CRE / Total Capitaln/a288%289%289%n/an/a