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Security State Bank

New Hampton, IA · Cert 15503

FDIC · 8 branches

Q2 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2019, the quarter ended June 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Security State Bank

New Hampton, IA · Cert 15503

FDIC · 8 branches

Q2 2019

$377.0MAssets
$238.0MLoans
$312.4MDeposits
$58.9MEquity
Loan mix
85%RE $140.0M9%C&I $14.8M6%Consumer $9.8MQ2 2018Q2 2019
Deposit mix
81%Interest-bearing $251.8M19%Noninterest $60.7MQ2 2018Q2 2019

NIM

3.41%Q2 ’173.57%Q2 ’184.17%Q2 ’19+1%+27%

Non-interest income vs. expense

2.28%Q2 ’172.30%Q2 ’182.28%Q2 ’19+0%+1%

Market Position · Waterloo-Cedar Falls, IA · 2019 SOD (annual) · 3.7% share · #9 of 25 inst. · $0.1B of $3.9B

12.9% Bremer
21.4% Chickasaw
7.8% Winneshiek
3.1% Grundy

Executive Summary

  • Earnings: ROA of 1.20%, up 17 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.79% of loans (-4 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.55%, up 35 bps from a year ago.
  • Funding: loans stand at 76.18% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

1.20%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.82%+81 bps YoY

Efficiency Ratio (YTD, annualized)

56.68%-1,001 bps YoY

Tier 1 Leverage Ratio

8.55%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets1.04%1.07%1.16%1.17%1.20%+17 bps
Return on Equity10.47%10.89%11.89%9.53%9.00%-147 bps
Net Interest Margin3.01%3.01%2.98%3.53%3.82%+81 bps
Efficiency Ratio66.69%66.41%65.36%54.81%56.68%-1,001 bps
Non-Interest Burden1.80%1.79%1.73%1.58%1.81%+1 bps
Growth
Asset Growth (YoY)1.29%3.33%5.31%0.40%-0.14%-143 bps
Loan Growth (YoY)10.06%9.19%8.00%4.48%4.42%-564 bps
Deposit Growth (YoY)0.66%4.79%10.75%5.04%1.31%+65 bps
Asset Quality
Nonperforming Loans / Loans0.83%0.87%0.69%0.89%0.79%-4 bps
Net Charge-Offs / Loans0.00%0.01%0.03%0.00%0.02%+2 bps
Allowance / Loans1.05%1.03%1.00%0.11%0.25%-80 bps
Allowance Coverage of NPLs1.3x1.2x1.4x0.1x0.3x-0.9x
Capital
Tier 1 Leverage Ratio8.20%8.05%8.24%8.36%8.55%+35 bps
Total Risk-Based Capital12.05%11.69%12.02%11.21%11.90%-16 bps
Equity / Assets9.90%9.46%9.77%14.90%15.63%+573 bps
Liquidity & Funding
Loans / Deposits73.92%76.90%71.36%74.91%76.18%+227 bps
Liquid Assets / Assets0.03%0.04%0.04%0.05%0.07%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a