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Cedar Valley Bank & Trust

La Porte City, IA · Cert 14694 · D&D Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

36

Q2 2024Q2 2026peer median (50)

Asset Quality

24

Q2 2024Q2 2026peer median (50)

Profitability

66

Q2 2024Q2 2026peer median (50)

Liquidity

7

Q2 2024Q2 2026peer median

Efficiency

47

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 2026-10-11

Cedar Valley Bank & Trust

La Porte City, IA · Cert 14694 · D&D Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$126.3MAssets
$113.0MLoans
$114.5MDeposits
$11.3MEquity
Loan mix
89%RE $92.6M8%C&I $8.2M4%Consumer $3.7MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $93.5M18%Noninterest $21.0MQ2 2025Q2 2026

NIM

5.01%Q2 ’245.50%Q2 ’255.63%Q2 ’26+17%+7%

Non-interest income vs. expense

2.42%Q2 ’242.59%Q2 ’252.88%Q2 ’26+6%+8%

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 0.7% share · #25 of 35 inst. · $0.1B of $8.8B

7.8% Benton
2.0% Black Hawk

Executive Summary

  • Earnings: ROA of 1.15%, up 7 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 1.27% of loans (+26 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 9.01%, up 44 bps from a year ago.
  • Funding: loans stand at 98.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.15%+7 bps YoY

Net Interest Margin (YTD, annualized)

4.19%+29 bps YoY

Efficiency Ratio (YTD, annualized)

65.55%+89 bps YoY

Tier 1 Leverage Ratio

9.01%+44 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.08%0.98%0.89%1.00%1.15%+7 bps
Return on Equity12.88%11.60%10.38%11.20%12.82%-6 bps
Net Interest Margin3.90%3.98%3.99%4.30%4.19%+29 bps
Efficiency Ratio64.66%66.09%68.98%69.02%65.55%+89 bps
Non-Interest Burden2.48%2.60%2.72%2.92%2.68%+20 bps
Growth
Asset Growth (YoY)-1.11%0.82%1.02%2.11%5.07%+618 bps
Loan Growth (YoY)3.26%0.53%1.01%0.91%1.26%-200 bps
Deposit Growth (YoY)-8.09%-5.68%11.89%14.82%19.46%+2,756 bps
Asset Quality
Nonperforming Loans / Loans1.01%1.03%1.15%1.66%1.27%+26 bps
Net Charge-Offs / Loans0.07%0.07%0.08%0.06%0.07%-1 bps
Allowance / Loans0.67%0.71%0.74%0.74%0.75%+8 bps
Allowance Coverage of NPLs0.7x0.7x0.6x0.4x0.6x-0.1x
Capital
Tier 1 Leverage Ratio8.57%8.88%8.83%8.93%9.01%+44 bps
Total Risk-Based Capital12.63%13.09%13.04%13.07%13.67%+104 bps
Equity / Assets8.68%8.91%8.91%8.95%8.96%+28 bps
Liquidity & Funding
Loans / Deposits116.45%122.18%103.42%100.87%98.71%-1,774 bps
Liquid Assets / Assets1.37%0.99%1.21%2.99%3.88%+250 bps
CRE / Total Capitaln/a139.32%134.78%140.96%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 2026-10-11

Cedar Valley Bank & Trust

La Porte City, IA · Cert 14694 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · D&D Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$126.3MAssets
$113.0MLoans
$114.5MDeposits
$11.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 76% of banks under $1B in assets operating in a single state (rank 176 of 746).
  • Widest gap: nonperforming loans / loans trails 79% of banks under $1B in assets operating in a single state (rank 587 of 743).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.12%

Rank 338 of 746

Net Interest Margin

4.19%

Rank 176 of 746

Efficiency Ratio

65.55%

Rank 394 of 746

Equity / Assets

8.96%

Rank 549 of 746

Non-interest income vs. expense

$0.3M$3.6MINCOMEEXPENSE
Unfavorable gap of $3.4M · efficiency ratio beats 47% of banks under $1B in assets operating in a single state
Bank 65.55%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.12%0.72%1.06%1.45%Beats 55%338 / 746
Return on Equity12.52%6.74%10.51%13.63%Beats 67%246 / 746
Net Interest Margin4.19%3.17%3.68%4.16%Beats 76%176 / 746
Efficiency Ratio65.55%55.74%64.58%75.47%Beats 47%394 / 746
Asset Quality
Nonperforming Loans / Loans1.27%0.09%0.42%1.07%Beats 21%587 / 743
Net Charge-Offs / Loans0.04%0.00%0.01%0.05%Beats 27%544 / 743
Capital
Tier 1 Capital Ratio12.72%11.55%13.75%17.60%Beats 38%462 / 746
Total Risk-Based Capital Ratio13.67%11.71%14.33%18.43%Beats 44%416 / 746
Equity / Assets8.96%8.90%10.51%13.06%Beats 26%549 / 746
Liquidity & Funding
Loans / Deposits98.71%61.31%78.27%90.78%89th pctl84 / 746
Loans / Assets89.50%53.60%66.97%76.08%99th pctl10 / 746
Brokered Deposits / Depositsn/aNot reported for this institution