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Quoin Financial Bank

Miller, SD · Cert 15629 · Independent Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (9 in holding)

Q2 2026

$250.7MAssets
$156.6MLoans
$216.5MDeposits
$29.6MEquity
Loan mix
87%RE $121.6M10%C&I $14.5M3%Consumer $4.2MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $179.2M17%Noninterest $37.4MQ2 2025Q2 2026

NIM

7.07%Q2 ’246.42%Q2 ’256.15%Q2 ’26-15%-4%

Non-interest income vs. expense

3.47%Q2 ’243.05%Q2 ’253.18%Q2 ’26-13%+4%

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.0% share · #32 of 42 inst. · $0.1B of $1127.8B

50.5% Hand
69.3% Hyde
0.0% Lincoln

Executive Summary

  • Earnings: ROA of 1.31%, up 15 bps year over year; NIM at 4.58%.
  • Asset quality: problem loans at 0.21% of loans (+12 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.89%, down 41 bps from a year ago.
  • Funding: loans stand at 72.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.31%+15 bps YoY

Net Interest Margin (quarter, annualized)

4.58%-17 bps YoY

Efficiency Ratio (quarter, annualized)

55.12%+849 bps YoY

Tier 1 Leverage Ratio

7.89%-41 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.15%1.64%1.43%1.03%1.31%+15 bps
Return on Equity8.71%12.61%11.31%8.29%10.94%+223 bps
Net Interest Margin4.75%4.96%4.75%4.53%4.58%-17 bps
Efficiency Ratio46.63%49.64%50.76%61.41%55.12%+849 bps
Non-Interest Burden2.67%2.89%2.75%3.08%2.77%+10 bps
Growth
Asset Growth (YoY)7.46%7.24%1.55%-1.00%3.04%-443 bps
Loan Growth (YoY)3.71%3.98%-1.34%-1.01%0.09%-362 bps
Deposit Growth (YoY)8.86%11.48%4.37%1.59%6.32%-254 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.09%0.10%0.22%0.21%+12 bps
Net Charge-Offs / Loans0.77%0.01%0.00%0.03%0.00%-76 bps
Allowance / Loans0.52%0.52%0.54%0.54%0.51%-1 bps
Allowance Coverage of NPLs5.6x5.7x5.3x2.4x2.4x-3.2x
Capital
Tier 1 Leverage Ratio8.31%8.30%7.99%8.00%7.89%-41 bps
Total Risk-Based Capital13.55%12.57%12.70%12.99%12.79%-76 bps
Equity / Assets13.29%12.69%12.61%12.15%11.80%-149 bps
Liquidity & Funding
Loans / Deposits76.82%74.50%73.61%70.59%72.32%-450 bps
Liquid Assets / Assets11.06%10.76%10.57%12.56%6.20%-486 bps
CRE / Total Capitaln/a215%217%224%n/an/a