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Ipswich State Bank

Ipswich, SD · Cert 15593 · Ipswich Cmty Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$74.2MAssets
$36.7MLoans
$62.3MDeposits
$11.1MEquity
Loan mix
71%RE $10.9M22%C&I $3.4M7%Consumer $1.1MQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $44.9M28%Noninterest $17.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.67%, up 23 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 1.31% of loans (+131 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.46%, unchanged from a year ago.
  • Funding: loans stand at 58.96% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.67%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.83%+42 bps YoY

Efficiency Ratio (quarter, annualized)

45.42%-335 bps YoY

Tier 1 Leverage Ratio

15.46%0 bps YoY

NIM

4.27%Q2 ’244.62%Q2 ’255.02%Q2 ’26+7%+12%

Non-interest income vs. expense

1.73%Q2 ’241.71%Q2 ’251.79%Q2 ’26-1%+4%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.18%1.34%1.45%1.52%1.36%1.37%1.67%+23 bps
Return on Equity8.60%7.57%8.86%9.40%9.59%8.76%9.02%11.14%+174 bps
Net Interest Margin3.17%3.27%3.25%3.41%3.69%3.56%3.26%3.83%+42 bps
Efficiency Ratio49.81%57.32%49.91%48.77%48.29%53.70%48.54%45.42%-335 bps
Non-Interest Burden1.52%1.83%1.57%1.62%1.72%1.86%1.53%1.69%+7 bps
Growth
Asset Growth (YoY)-6.12%-5.73%2.49%-0.31%9.33%12.31%3.51%10.56%+1,087 bps
Loan Growth (YoY)6.50%3.41%5.91%7.79%20.54%7.31%14.20%20.12%+1,233 bps
Deposit Growth (YoY)-2.66%-1.53%1.14%-2.34%9.31%12.68%3.37%11.96%+1,430 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.31%+131 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.85%0.79%0.92%0.83%0.71%0.74%0.81%0.69%-14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a0.5xn/an/a
Capital
Tier 1 Leverage Ratio16.04%15.72%15.19%15.45%16.34%15.44%14.65%15.46%0 bps
Total Risk-Based Capital30.34%28.89%31.30%29.96%26.65%27.79%28.31%25.94%-403 bps
Equity / Assets15.68%15.47%14.90%15.89%15.74%15.26%15.09%14.97%-92 bps
Liquidity & Funding
Loans / Deposits55.85%57.67%48.09%54.95%61.59%54.92%53.13%58.96%+401 bps
Liquid Assets / Assets20.39%18.12%18.39%17.65%16.81%16.78%17.40%14.96%-269 bps
CRE / Total Capitaln/an/an/an/a13.16%13.34%13.79%n/an/a