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 (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.56% | 1.45% | 0.86% | 1.15% | 1.64% | 1.43% | 1.03% | 1.31% | +15 bps | |
| Return on Equity | 10.69% | 10.17% | 6.39% | 8.71% | 12.61% | 11.31% | 8.29% | 10.94% | +223 bps | |
| Net Interest Margin | 5.41% | 4.89% | 4.64% | 4.75% | 4.96% | 4.75% | 4.53% | 4.58% | -17 bps | |
| Efficiency Ratio | 44.75% | 46.68% | 60.50% | 46.63% | 49.64% | 50.76% | 61.41% | 55.12% | +849 bps | |
| Non-Interest Burden | 3.10% | 2.89% | 3.38% | 2.67% | 2.89% | 2.75% | 3.08% | 2.77% | +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% | 0.77% | 0.01% | 0.00% | 0.03% | 0.00% | -76 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 | |