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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 $44.2MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $574.6M17%Noninterest $120.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.49%, down 5 bps year over year; NIM at 3.71%.
  • 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.

Return on Assets (quarter, annualized)

1.49%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.71%+6 bps YoY

Efficiency Ratio (quarter, annualized)

54.12%-59 bps YoY

Tier 1 Leverage Ratio

10.41%-38 bps YoY

NIM

5.19%Q2 ’245.45%Q2 ’255.39%Q2 ’26+16%+2%

Non-interest income vs. expense

2.46%Q2 ’242.45%Q2 ’252.42%Q2 ’26-7%+2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.20%1.48%1.03%1.53%0.83%2.39%1.24%1.49%-5 bps
Return on Equity11.73%14.24%10.07%15.10%8.15%23.08%12.15%14.69%-41 bps
Net Interest Margin3.37%3.49%3.30%3.65%3.63%3.75%3.66%3.71%+6 bps
Efficiency Ratio64.98%57.07%68.28%54.71%59.43%32.16%60.66%54.12%-59 bps
Non-Interest Burden1.88%1.56%1.99%1.59%1.78%0.42%1.89%1.63%+3 bps
Growth
Asset Growth (YoY)3.45%0.04%4.32%3.85%6.87%8.65%6.87%7.13%+328 bps
Loan Growth (YoY)0.49%-0.20%1.01%2.44%6.42%6.17%6.70%5.00%+256 bps
Deposit Growth (YoY)3.67%-0.33%3.97%2.78%5.68%9.69%7.72%8.80%+602 bps
Asset Quality
Nonperforming Loans / Loans0.93%0.14%0.13%0.12%0.75%0.52%0.20%0.49%+36 bps
Net Charge-Offs / Loans0.04%0.11%0.03%0.00%1.01%0.32%0.09%0.09%+9 bps
Allowance / Loans1.58%1.55%1.52%1.51%1.47%1.42%1.47%1.51%-1 bps
Allowance Coverage of NPLs1.7x11.1x11.3x12.3x2.0x2.7x7.3x3.1x-9.2x
Capital
Tier 1 Leverage Ratio10.95%11.20%10.80%10.80%10.65%10.58%10.53%10.41%-38 bps
Total Risk-Based Capital14.81%14.80%14.87%14.68%14.46%14.33%14.46%14.38%-30 bps
Equity / Assets10.55%10.27%10.21%10.11%10.36%10.32%10.14%10.13%+2 bps
Liquidity & Funding
Loans / Deposits87.13%89.11%85.09%86.28%87.74%86.24%84.28%83.26%-301 bps
Liquid Assets / Assets4.32%4.12%5.36%3.92%3.89%4.46%6.78%6.56%+264 bps
CRE / Total Capitaln/an/an/an/a182.77%197.81%192.36%n/an/a