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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

4.46%Q2 ’244.77%Q2 ’254.82%Q2 ’26+25%+10%

Non-interest income vs. expense

1.89%Q2 ’242.17%Q2 ’252.31%Q2 ’26+14%+2%

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 1.49%, up 25 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.40% of loans (-76 bps YoY), with net charge-offs at 0.06%.
  • 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 (quarter, annualized)

1.49%+25 bps YoY

Net Interest Margin (quarter, annualized)

3.80%+35 bps YoY

Efficiency Ratio (quarter, annualized)

53.77%-285 bps YoY

Tier 1 Leverage Ratio

10.00%+43 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.25%1.22%1.37%1.49%+25 bps
Return on Equity11.81%11.68%11.18%12.55%13.53%+172 bps
Net Interest Margin3.45%3.46%3.59%3.62%3.80%+35 bps
Efficiency Ratio56.62%57.10%56.47%54.86%53.77%-285 bps
Non-Interest Burden1.81%1.80%1.82%1.79%1.84%+3 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 / Loans0.00%0.10%0.14%0.02%0.06%+7 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