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State Savings Bank

Bedford, IA · Cert 14773 · SSB Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$207.2MAssets
$185.4MLoans
$181.3MDeposits
$23.1MEquity
Loan mix
85%RE $122.0M11%C&I $16.2M4%Consumer $5.4MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $146.1M19%Noninterest $35.2MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.60%, up 46 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.72% of loans (+34 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 10.04%, up 10 bps from a year ago.
  • Funding: loans stand at 102.24% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.60%+46 bps YoY

Net Interest Margin (quarter, annualized)

4.13%+26 bps YoY

Efficiency Ratio (quarter, annualized)

35.64%-903 bps YoY

Tier 1 Leverage Ratio

10.04%+10 bps YoY

NIM

6.26%Q2 ’246.13%Q2 ’256.07%Q2 ’26-5%+7%

Non-interest income vs. expense

2.29%Q2 ’242.27%Q2 ’251.97%Q2 ’26-3%-14%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.86%0.86%1.09%1.14%1.24%1.29%1.33%1.60%+46 bps
Return on Equity6.89%7.12%9.34%9.78%10.41%11.00%11.72%14.30%+452 bps
Net Interest Margin3.99%3.86%3.59%3.87%4.07%4.16%4.06%4.13%+26 bps
Efficiency Ratio41.44%54.48%42.04%44.67%43.23%45.30%41.25%35.64%-903 bps
Non-Interest Burden1.95%2.43%1.81%2.04%2.09%2.14%1.99%1.75%-29 bps
Growth
Asset Growth (YoY)4.97%7.72%8.41%7.69%4.18%5.40%6.16%9.03%+134 bps
Loan Growth (YoY)5.16%7.28%5.37%6.64%4.50%6.28%6.31%7.07%+43 bps
Deposit Growth (YoY)11.09%7.45%8.68%8.94%3.57%5.21%6.48%9.88%+93 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.23%0.19%0.38%0.55%0.62%0.86%0.72%+34 bps
Net Charge-Offs / Loans0.33%0.02%0.34%0.00%-0.01%0.50%0.04%0.07%+7 bps
Allowance / Loans0.65%0.69%0.70%0.77%0.87%0.78%0.86%0.87%+10 bps
Allowance Coverage of NPLs2.1x3.0x3.6x2.0x1.6x1.3x1.0x1.2x-0.8x
Capital
Tier 1 Leverage Ratio10.63%10.00%10.18%9.94%10.64%10.30%10.40%10.04%+10 bps
Total Risk-Based Capital10.63%10.00%10.18%9.94%10.64%10.30%10.40%10.04%+10 bps
Equity / Assets12.33%11.83%11.55%11.71%12.04%11.51%11.20%11.17%-54 bps
Liquidity & Funding
Loans / Deposits102.60%105.60%98.60%104.92%103.53%106.68%98.45%102.24%-268 bps
Liquid Assets / Assets0.56%1.60%1.16%2.91%1.85%2.83%4.92%4.94%+203 bps
CRE / Total Capitaln/an/an/an/a82.08%82.34%82.76%n/an/a