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Twin Cedars Bank

Bussey, IA · Cert 1556 · Twin Cedars Bcorp Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$118.3MAssets
$90.8MLoans
$104.7MDeposits
$12.8MEquity
Loan mix
74%RE $68.2M25%C&I $22.8M1%Consumer $1.2MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $91.9M12%Noninterest $12.7MQ2 2025Q2 2026

NIM

6.97%Q2 ’246.89%Q2 ’255.99%Q2 ’26-6%-17%

Non-interest income vs. expense

3.57%Q2 ’243.13%Q2 ’254.12%Q2 ’26-11%+36%

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.0% share · #56 of 57 inst. · $0.0B of $38.0B

7.5% Mahaska
3.0% Marion
0.1% Polk
3.4% Monroe

Executive Summary

  • Earnings: ROA of -2.34%, down 302 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 4.61% of loans (+268 bps YoY), with net charge-offs at 1.94%.
  • Capital: tier 1 leverage ratio of 9.19%, down 224 bps from a year ago.
  • Funding: loans stand at 86.78% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-2.34%-302 bps YoY

Net Interest Margin (YTD, annualized)

3.59%-72 bps YoY

Efficiency Ratio (YTD, annualized)

108.20%+4,115 bps YoY

Tier 1 Leverage Ratio

9.19%-224 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.26%0.31%-0.34%-2.34%-302 bps
Return on Equity5.62%2.16%2.65%-3.03%-20.88%-2,650 bps
Net Interest Margin4.31%4.19%4.15%3.88%3.59%-72 bps
Efficiency Ratio67.05%67.98%69.46%79.64%108.20%+4,115 bps
Non-Interest Burden2.93%2.90%2.94%3.16%3.97%+104 bps
Growth
Asset Growth (YoY)26.22%19.51%13.10%4.70%4.46%-2,176 bps
Loan Growth (YoY)23.34%24.24%15.22%5.63%-3.42%-2,676 bps
Deposit Growth (YoY)33.37%23.50%14.78%7.30%6.04%-2,733 bps
Asset Quality
Nonperforming Loans / Loans1.93%1.69%1.98%4.17%4.61%+268 bps
Net Charge-Offs / Loans0.10%0.70%0.60%0.87%1.94%+183 bps
Allowance / Loans1.97%1.88%1.95%2.12%2.88%+91 bps
Allowance Coverage of NPLs1.0x1.1x1.0x0.5x0.6x-0.4x
Capital
Tier 1 Leverage Ratio11.43%10.90%10.94%10.79%9.19%-224 bps
Total Risk-Based Capital15.12%14.05%14.50%14.82%14.21%-91 bps
Equity / Assets12.08%11.17%11.20%11.57%10.85%-123 bps
Liquidity & Funding
Loans / Deposits95.27%98.11%94.14%94.45%86.78%-850 bps
Liquid Assets / Assets12.92%9.95%13.19%13.56%20.02%+710 bps
CRE / Total Capitaln/a245%242%250%n/an/a