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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 $6.2MQ3 2024Q2 2026
Deposit mix
82%Interest-bearing $446.3M18%Noninterest $100.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.50%, up 45 bps year over year; NIM at 3.66%.
  • 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.

Return on Assets (YTD, annualized)

1.50%+45 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+55 bps YoY

Efficiency Ratio (YTD, annualized)

48.79%-580 bps YoY

Tier 1 Leverage Ratio

10.41%+94 bps YoY

NIM

4.46%Q2 ’244.59%Q2 ’254.95%Q2 ’26+6%+18%

Non-interest income vs. expense

1.85%Q2 ’241.93%Q2 ’252.09%Q2 ’26+14%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.81%0.98%1.05%1.07%1.17%1.38%1.50%+45 bps
Return on Equity9.81%10.04%11.73%12.41%12.33%13.31%14.33%15.27%+286 bps
Net Interest Margin2.89%2.90%3.00%3.12%3.11%3.12%3.54%3.66%+55 bps
Efficiency Ratio51.92%53.03%53.87%54.60%55.16%53.06%49.47%48.79%-580 bps
Non-Interest Burden1.25%1.30%1.39%1.47%1.49%1.34%1.39%1.42%-6 bps
Growth
Asset Growth (YoY)2.88%-2.05%-2.95%-1.04%-0.43%-0.67%-2.22%-2.06%-102 bps
Loan Growth (YoY)7.63%4.46%2.02%0.25%2.82%3.87%4.31%3.68%+342 bps
Deposit Growth (YoY)6.28%-3.74%-3.68%-0.07%-6.40%-0.93%-1.09%-0.67%-60 bps
Asset Quality
Nonperforming Loans / Loans0.72%1.27%1.30%0.11%0.26%0.17%0.28%0.27%+16 bps
Net Charge-Offs / Loans0.97%0.73%0.01%0.00%0.11%0.09%0.01%0.01%+1 bps
Allowance / Loans0.35%0.47%0.53%0.59%0.56%0.67%0.73%0.79%+20 bps
Allowance Coverage of NPLs0.5x0.4x0.4x5.3x2.2x3.9x2.6x2.9x-2.4x
Capital
Tier 1 Leverage Ratio9.33%9.30%9.18%9.47%9.45%9.37%9.95%10.41%+94 bps
Total Risk-Based Capital13.81%13.39%14.26%13.90%13.32%13.63%14.23%14.75%+85 bps
Equity / Assets8.52%8.08%8.64%8.78%9.15%9.42%9.89%10.21%+143 bps
Liquidity & Funding
Loans / Deposits84.12%84.75%86.63%85.66%92.41%88.86%91.37%89.40%+375 bps
Liquid Assets / Assets0.62%0.01%0.02%0.20%0.02%0.02%0.02%0.63%+44 bps
CRE / Total Capitaln/an/an/an/a182.94%183.29%172.54%n/an/a