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Flat Branch Bank

Richmond, MO · Cert 15751 · State Holding Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$92.8MAssets
$58.2MLoans
$79.2MDeposits
$13.4MEquity
Loan mix
85%RE $46.0M14%C&I $7.6M2%Consumer $0.8MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $65.8M17%Noninterest $13.4MQ2 2025Q2 2026

NIM

3.75%Q2 ’245.41%Q2 ’256.25%Q2 ’26+7%+27%

Non-interest income vs. expense

2.81%Q2 ’243.70%Q2 ’255.68%Q2 ’26+41%+58%

Market Position · Columbia, MO · 2026 SOD (annual) · 0.6% share · #22 of 29 inst. · $0.0B of $6.7B

0.7% Boone
11.4% Ray

Executive Summary

  • Earnings: ROA of -0.96%, down 74 bps year over year; NIM at 4.63%.
  • Asset quality: problem loans at 0.00% of loans (-26 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.58%, up 428 bps from a year ago.
  • Funding: loans stand at 73.50% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.96%-74 bps YoY

Net Interest Margin (YTD, annualized)

4.63%+99 bps YoY

Efficiency Ratio (YTD, annualized)

115.56%+2,263 bps YoY

Tier 1 Leverage Ratio

12.58%+428 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.22%-0.13%0.01%1-2.53%-0.96%-74 bps
Return on Equity-2.07%-1.18%0.11%-17.62%-6.65%-457 bps
Net Interest Margin3.64%3.66%3.83%4.64%4.63%+99 bps
Efficiency Ratio92.93%92.01%89.92%155.35%115.56%+2,263 bps
Non-Interest Burden3.45%3.44%3.51%7.34%5.44%+199 bps
Growth
Asset Growth (YoY)48.42%21.09%12.16%5.13%-1.37%-4,978 bps
Loan Growth (YoY)168.95%105.03%87.41%77.69%56.25%-11,271 bps
Deposit Growth (YoY)50.16%20.29%7.89%2.41%-5.68%-5,584 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.34%0.18%0.00%0.00%-26 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.00%1.00%1.11%1.25%1.27%+27 bps
Allowance Coverage of NPLs3.9x3.0x6.1xn/an/an/a
Capital
Tier 1 Leverage Ratio8.30%8.10%12.95%11.97%12.58%+428 bps
Total Risk-Based Capital24.41%17.46%12.95%11.97%12.58%-1,184 bps
Equity / Assets10.15%10.32%14.53%14.22%14.47%+432 bps
Liquidity & Funding
Loans / Deposits44.37%48.85%59.41%68.76%73.50%+2,913 bps
Liquid Assets / Assets31.62%29.07%38.84%29.37%26.65%-497 bps
CRE / Total Capitaln/a106.76%80.70%109.35%n/an/a