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Marion County State Bank

Pella, IA · Cert 15272 · Pella Financial Group Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$628.6MAssets
$488.7MLoans
$546.6MDeposits
$64.2MEquity
Loan mix
87%RE $371.7M11%C&I $47.6M1%Consumer $6.2MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $446.3M18%Noninterest $100.3MQ2 2025Q2 2026

NIM

4.52%Q2 ’244.61%Q2 ’254.97%Q2 ’26+10%+17%

Non-interest income vs. expense

1.83%Q2 ’241.99%Q2 ’252.08%Q2 ’26+13%-7%

Executive Summary

  • Earnings: ROA of 1.64%, up 50 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.27% of loans (+16 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.41%, up 94 bps from a year ago.
  • Funding: loans stand at 89.40% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.64%+50 bps YoY

Net Interest Margin (quarter, annualized)

3.73%+54 bps YoY

Efficiency Ratio (quarter, annualized)

48.14%-716 bps YoY

Tier 1 Leverage Ratio

10.41%+94 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.14%1.10%1.46%1.38%1.64%+50 bps
Return on Equity13.07%12.31%15.74%14.33%16.31%+325 bps
Net Interest Margin3.19%3.19%3.25%3.54%3.73%+54 bps
Efficiency Ratio55.30%56.25%48.05%49.47%48.14%-716 bps
Non-Interest Burden1.54%1.57%0.94%1.39%1.42%-11 bps
Growth
Asset Growth (YoY)-1.04%-0.43%-0.67%-2.22%-2.06%-102 bps
Loan Growth (YoY)0.25%2.82%3.87%4.31%3.68%+342 bps
Deposit Growth (YoY)-0.07%-6.40%-0.93%-1.09%-0.67%-60 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.26%0.17%0.28%0.27%+16 bps
Net Charge-Offs / Loans0.00%0.31%0.03%0.01%0.01%+1 bps
Allowance / Loans0.59%0.56%0.67%0.73%0.79%+20 bps
Allowance Coverage of NPLs5.3x2.2x3.9x2.6x2.9x-2.4x
Capital
Tier 1 Leverage Ratio9.47%9.45%9.37%9.95%10.41%+94 bps
Total Risk-Based Capital13.90%13.32%13.63%14.23%14.75%+85 bps
Equity / Assets8.78%9.15%9.42%9.89%10.21%+143 bps
Liquidity & Funding
Loans / Deposits85.66%92.41%88.86%91.37%89.40%+375 bps
Liquid Assets / Assets0.20%0.02%0.02%0.02%0.63%+44 bps
CRE / Total Capitaln/a182.94%183.29%172.54%n/an/a