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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 1.51%, up 11 bps year over year; NIM at 3.58%.
  • 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 (YTD, annualized)

1.51%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+27 bps YoY

Efficiency Ratio (YTD, annualized)

46.87%-245 bps YoY

Tier 1 Leverage Ratio

15.46%0 bps YoY

NIM

4.03%Q2 ’244.49%Q2 ’254.78%Q2 ’26+13%+8%

Non-interest income vs. expense

1.72%Q2 ’241.68%Q2 ’251.73%Q2 ’26-3%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.12%1.34%1.40%1.43%1.41%1.37%1.51%+11 bps
Return on Equity7.72%7.70%8.86%9.08%9.24%9.14%9.02%9.98%+90 bps
Net Interest Margin3.09%3.04%3.25%3.31%3.50%3.30%3.26%3.58%+27 bps
Efficiency Ratio54.63%55.35%49.91%49.33%48.96%50.24%48.54%46.87%-245 bps
Non-Interest Burden1.64%1.64%1.57%1.58%1.66%1.61%1.53%1.63%+4 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