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 | |