Miller, SD · Cert 15629 · Independent Bancshares Inc.
State charter, non-member · FDIC · 3 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
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.
Banks under $1B in assets operating in a single state (n=748 to 752). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
44
Asset Quality
61
Profitability
62
Liquidity
80
Efficiency
37
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.
Miller, SD · Cert 15629 · Independent Bancshares Inc.
State charter, non-member · FDIC · 1 affiliate bank · 3 branches (9 in holding)
Q2 2026
Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.0% share · #32 of 42 inst. · $0.1B of $1127.8B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.55% | 1.52% | 0.86% | 1.01% | 1.22% | 1.28% | 1.03% | 1.17% | +15 bps | |
| Return on Equity | 10.66% | 10.57% | 6.39% | 7.55% | 9.22% | 9.73% | 8.29% | 9.59% | +204 bps | |
| Net Interest Margin | 5.61% | 5.11% | 4.64% | 4.61% | 4.88% | 4.77% | 4.53% | 4.47% | -14 bps | |
| Efficiency Ratio | 43.12% | 43.97% | 60.50% | 53.34% | 52.08% | 51.75% | 61.41% | 58.22% | +489 bps | |
| Non-Interest Burden | 3.28% | 3.02% | 3.38% | 2.97% | 3.04% | 2.93% | 3.08% | 2.87% | -10 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 12.14% | 9.51% | 12.21% | 7.46% | 7.24% | 1.55% | -1.00% | 3.04% | -443 bps | |
| Loan Growth (YoY) | -5.05% | -1.47% | 4.19% | 3.71% | 3.98% | -1.34% | -1.01% | 0.09% | -362 bps | |
| Deposit Growth (YoY) | 8.46% | 12.23% | 14.01% | 8.86% | 11.48% | 4.37% | 1.59% | 6.32% | -254 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.09% | 0.09% | 0.10% | 0.22% | 0.21% | +12 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.38% | 0.26% | 0.20% | 0.03% | 0.01% | -37 bps | |
| Allowance / Loans | 0.54% | 0.53% | 0.55% | 0.52% | 0.52% | 0.54% | 0.54% | 0.51% | -1 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | 5.6x | 5.7x | 5.3x | 2.4x | 2.4x | -3.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.91% | 8.52% | 8.54% | 8.31% | 8.30% | 7.99% | 8.00% | 7.89% | -41 bps | |
| Total Risk-Based Capital | 13.33% | 13.62% | 14.06% | 13.55% | 12.57% | 12.70% | 12.99% | 12.79% | -76 bps | |
| Equity / Assets | 14.65% | 13.84% | 13.23% | 13.29% | 12.69% | 12.61% | 12.15% | 11.80% | -149 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.87% | 77.87% | 72.45% | 76.82% | 74.50% | 73.61% | 70.59% | 72.32% | -450 bps | |
| Liquid Assets / Assets | 10.47% | 11.55% | 15.70% | 11.06% | 10.76% | 10.57% | 12.56% | 6.20% | -486 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 215% | 217% | 224% | n/a | n/a | |
Miller, SD · Cert 15629 · Peer group: banks under $1B in assets operating in a single state (n=748-752) · Independent Bancshares Inc.
State charter, non-member · FDIC · 1 affiliate bank · 3 branches (9 in holding)
Q2 2026
Return on Assets
1.14%
Rank 334 of 752
Net Interest Margin
4.47%
Rank 107 of 752
Efficiency Ratio
70.11%
Rank 474 of 752
Equity / Assets
11.80%
Rank 261 of 752
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 1.14% | 0.72% | 1.07% | 1.45% | Beats 56% | 334 / 752 | ||
| Return on Equity | 9.70% | 6.78% | 10.58% | 13.65% | Beats 44% | 424 / 752 | ||
| Net Interest Margin | 4.47% | 3.18% | 3.69% | 4.17% | Beats 86% | 107 / 752 | ||
| Efficiency Ratio | 70.11% | 55.75% | 64.49% | 75.47% | Beats 37% | 474 / 752 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.21% | 0.09% | 0.42% | 1.03% | Beats 65% | 261 / 748 | ||
| Net Charge-Offs / Loans | 0.01% | 0.00% | 0.01% | 0.05% | Beats 56% | 334 / 748 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 12.27% | 11.55% | 13.75% | 17.60% | Beats 34% | 493 / 752 | ||
| Total Risk-Based Capital Ratio | 12.79% | 11.70% | 14.33% | 18.47% | Beats 34% | 493 / 752 | ||
| Equity / Assets | 11.80% | 8.93% | 10.56% | 13.13% | Beats 65% | 261 / 752 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 72.32% | 62.23% | 78.64% | 91.26% | 38th pctl | 469 / 752 | ||
| Loans / Assets | 62.45% | 54.61% | 67.41% | 76.47% | 39th pctl | 458 / 752 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||