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Shelby County State Bank

Harlan, IA · Cert 1553 · Danes Holdings Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=134 to 135). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

56

Q2 2024Q2 2026peer median (50)

Asset Quality

41

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

80

Q2 2024Q2 2026peer median

Efficiency

53

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Shelby County State Bank

Harlan, IA · Cert 1553 · Danes Holdings Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$523.6MAssets
$351.1MLoans
$462.9MDeposits
$58.7MEquity
Loan mix
83%RE $188.4M11%C&I $25.6M5%Consumer $12.1MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $342.6M26%Noninterest $120.4MQ2 2025Q2 2026

NIM

4.37%Q2 ’244.67%Q2 ’254.78%Q2 ’26+23%+10%

Non-interest income vs. expense

1.89%Q2 ’242.09%Q2 ’252.29%Q2 ’26+9%+6%

Market Position · Sioux City, IA-NE-SD · 2026 SOD (annual) · 0.4% share · #24 of 28 inst. · $0.0B of $4.6B

54.7% Shelby
10.7% Ida
5.0% Monona
0.6% Woodbury

Executive Summary

  • Earnings: ROA of 1.43%, up 21 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.40% of loans (-76 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.00%, up 43 bps from a year ago.
  • Funding: loans stand at 75.84% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.43%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+33 bps YoY

Efficiency Ratio (YTD, annualized)

54.30%-84 bps YoY

Tier 1 Leverage Ratio

10.00%+43 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.23%1.23%1.23%1.37%1.43%+21 bps
Return on Equity11.89%11.81%11.66%12.55%13.03%+114 bps
Net Interest Margin3.39%3.44%3.45%3.62%3.72%+33 bps
Efficiency Ratio55.15%55.81%55.98%54.86%54.30%-84 bps
Non-Interest Burden1.71%1.75%1.76%1.79%1.82%+10 bps
Growth
Asset Growth (YoY)-3.98%-5.03%-3.26%-0.22%-1.15%+282 bps
Loan Growth (YoY)3.69%4.11%2.36%-1.87%-5.66%-934 bps
Deposit Growth (YoY)-7.17%-5.78%-2.34%-0.65%0.59%+776 bps
Asset Quality
Nonperforming Loans / Loans1.17%0.40%0.45%0.62%0.40%-76 bps
Net Charge-Offs / Loans0.01%0.04%0.06%0.02%0.04%+4 bps
Allowance / Loans1.18%1.17%1.19%1.25%1.27%+10 bps
Allowance Coverage of NPLs1.0x2.9x2.6x2.0x3.1x+2.1x
Capital
Tier 1 Leverage Ratio9.57%9.73%9.67%9.83%10.00%+43 bps
Total Risk-Based Capital13.66%13.80%13.79%14.39%14.81%+116 bps
Equity / Assets10.71%10.77%11.03%10.80%11.21%+50 bps
Liquidity & Funding
Loans / Deposits80.86%77.54%79.44%74.69%75.84%-502 bps
Liquid Assets / Assets1.57%3.78%2.20%6.97%5.33%+377 bps
CRE / Total Capitaln/a84.39%85.57%83.19%n/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Shelby County State Bank

Harlan, IA · Cert 1553 · Peer group: banks under $1B in assets in IA (n=134-135) · Danes Holdings Inc.

State charter, non-member · FDIC · 10 branches

Q2 2026

$523.6MAssets
$351.1MLoans
$462.9MDeposits
$58.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 74% of banks under $1B in assets in IA (rank 35 of 135).
  • Widest gap: net charge-offs / loans trails 72% of banks under $1B in assets in IA (rank 97 of 134).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.46%

Rank 38 of 135

Net Interest Margin

3.72%

Rank 35 of 135

Efficiency Ratio

55.55%

Rank 64 of 135

Equity / Assets

11.21%

Rank 65 of 135

Non-interest income vs. expense

$2.5M$12.2MINCOMEEXPENSE
Unfavorable gap of $9.7M · efficiency ratio beats 53% of banks under $1B in assets in IA
Bank 55.55%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.46%0.92%1.19%1.47%Beats 72%38 / 135
Return on Equity12.98%7.99%10.26%13.14%Beats 73%36 / 135
Net Interest Margin3.72%2.95%3.41%3.73%Beats 74%35 / 135
Efficiency Ratio55.55%50.61%57.35%63.29%Beats 53%64 / 135
Asset Quality
Nonperforming Loans / Loans0.40%0.03%0.51%1.26%Beats 54%63 / 134
Net Charge-Offs / Loans0.02%n/a0.01%0.03%Beats 28%97 / 134
Capital
Tier 1 Capital Ratio13.64%11.23%13.31%15.45%Beats 55%61 / 135
Total Risk-Based Capital Ratio14.81%11.61%14.06%16.47%Beats 61%53 / 135
Equity / Assets11.21%9.87%11.05%13.07%Beats 52%65 / 135
Liquidity & Funding
Loans / Deposits75.84%68.54%81.55%91.24%38th pctl83 / 134
Loans / Assets67.06%57.61%68.06%76.23%47th pctl71 / 135
Brokered Deposits / Depositsn/aNot reported for this institution