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Grant County State Bank

Swayzee, IN · Cert 15687 · Grant Cnty St Bancshares Emp STK Ownership Plan

State charter, non-member · FDIC · 3 branches

Q2 2026

$395.7MAssets
$325.6MLoans
$308.2MDeposits
$46.3MEquity
Loan mix
88%RE $256.3M6%C&I $16.3M6%Consumer $18.7MQ3 2024Q2 2026
Deposit mix
87%Interest-bearing $267.5M13%Noninterest $40.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 2.38%, down 11 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 2.35% of loans (+64 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 11.73%, down 83 bps from a year ago.
  • Funding: loans stand at 105.64% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.38%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.94%-15 bps YoY

Efficiency Ratio (YTD, annualized)

21.33%-151 bps YoY

Tier 1 Leverage Ratio

11.73%-83 bps YoY

NIM

6.93%Q2 ’246.94%Q2 ’256.98%Q2 ’26-6%-4%

Non-interest income vs. expense

0.98%Q2 ’240.97%Q2 ’250.87%Q2 ’26-1%-11%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.61%2.63%2.40%2.49%2.51%2.36%2.26%2.38%-11 bps
Return on Equity20.53%20.68%18.47%19.49%20.03%19.22%19.63%20.57%+108 bps
Net Interest Margin4.21%4.07%4.08%4.09%4.07%3.97%3.88%3.94%-15 bps
Efficiency Ratio21.81%21.76%23.48%22.84%22.25%21.90%22.73%21.33%-151 bps
Non-Interest Burden0.80%0.77%0.85%0.82%0.79%0.76%0.79%0.73%-9 bps
Growth
Asset Growth (YoY)17.12%8.92%12.12%12.73%8.72%8.83%7.12%5.46%-727 bps
Loan Growth (YoY)18.48%13.59%14.46%16.85%12.07%8.75%7.72%3.63%-1,322 bps
Deposit Growth (YoY)22.48%11.29%13.42%15.13%11.51%12.09%8.19%5.39%-974 bps
Asset Quality
Nonperforming Loans / Loans1.29%2.03%1.82%1.72%2.13%2.08%1.86%2.35%+64 bps
Net Charge-Offs / Loans0.14%0.12%0.09%0.11%0.12%0.11%0.01%0.02%-9 bps
Allowance / Loans1.72%1.74%1.72%1.61%1.60%1.94%1.97%1.96%+35 bps
Allowance Coverage of NPLs1.3x0.9x0.9x0.9x0.8x0.9x1.1x0.8x-0.1x
Capital
Tier 1 Leverage Ratio13.40%12.77%13.50%12.57%11.86%11.18%11.92%11.73%-83 bps
Total Risk-Based Capital21.28%21.20%21.91%19.93%18.66%18.87%19.54%18.81%-112 bps
Equity / Assets12.90%12.82%13.13%12.44%11.70%11.29%11.73%11.71%-73 bps
Liquidity & Funding
Loans / Deposits104.82%104.16%102.75%107.44%105.34%101.05%102.30%105.64%-180 bps
Liquid Assets / Assets17.51%17.93%19.04%14.28%14.94%18.05%18.69%16.01%+173 bps
CRE / Total Capitaln/an/an/an/a145.90%140.95%140.32%n/an/a