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Decorah Bank and Trust Company

Decorah, IA · Cert 15200 · Security Agency Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$794.1MAssets
$578.4MLoans
$694.7MDeposits
$80.4MEquity
Loan mix
70%RE $350.9M22%C&I $108.3M9%Consumer $44.2MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $574.6M17%Noninterest $120.0MQ2 2025Q2 2026

NIM

5.06%Q2 ’245.28%Q2 ’255.31%Q2 ’26+14%+6%

Non-interest income vs. expense

2.62%Q2 ’242.59%Q2 ’252.53%Q2 ’26-6%-3%

Executive Summary

  • Earnings: ROA of 1.37%, up 8 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.49% of loans (+36 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 10.41%, down 38 bps from a year ago.
  • Funding: loans stand at 83.26% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.37%+8 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+19 bps YoY

Efficiency Ratio (YTD, annualized)

57.35%-377 bps YoY

Tier 1 Leverage Ratio

10.41%-38 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.13%1.46%1.24%1.37%+8 bps
Return on Equity12.61%11.07%14.21%12.15%13.39%+78 bps
Net Interest Margin3.46%3.47%3.50%3.66%3.65%+19 bps
Efficiency Ratio61.12%60.53%52.62%60.66%57.35%-377 bps
Non-Interest Burden1.78%1.76%1.40%1.89%1.74%-5 bps
Growth
Asset Growth (YoY)3.85%6.87%8.65%6.87%7.13%+328 bps
Loan Growth (YoY)2.44%6.42%6.17%6.70%5.00%+256 bps
Deposit Growth (YoY)2.78%5.68%9.69%7.72%8.80%+602 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.75%0.52%0.20%0.49%+36 bps
Net Charge-Offs / Loans0.02%0.35%0.34%0.09%0.09%+7 bps
Allowance / Loans1.51%1.47%1.42%1.47%1.51%-1 bps
Allowance Coverage of NPLs12.3x2.0x2.7x7.3x3.1x-9.2x
Capital
Tier 1 Leverage Ratio10.80%10.65%10.58%10.53%10.41%-38 bps
Total Risk-Based Capital14.68%14.46%14.33%14.46%14.38%-30 bps
Equity / Assets10.11%10.36%10.32%10.14%10.13%+2 bps
Liquidity & Funding
Loans / Deposits86.28%87.74%86.24%84.28%83.26%-301 bps
Liquid Assets / Assets3.92%3.89%4.46%6.78%6.56%+264 bps
CRE / Total Capitaln/a182.77%197.81%192.36%n/an/a