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Maxwell State Bank

Maxwell, IA · Cert 15930 · Agcom Holdings Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

85

Q2 2024Q2 2026peer median (50)

Asset Quality

21

Q2 2024Q2 2026peer median (50)

Profitability

10

Q2 2024Q2 2026peer median (50)

Liquidity

48

Q2 2024Q2 2026peer median

Efficiency

1

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Maxwell State Bank

Maxwell, IA · Cert 15930 · Agcom Holdings Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$31.7MAssets
$16.7MLoans
$27.0MDeposits
$4.5MEquity
Loan mix
59%RE $7.7M38%C&I $4.9M4%Consumer $0.5MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $21.6M20%Noninterest $5.4MQ2 2025Q2 2026

NIM

3.67%Q2 ’243.97%Q2 ’254.76%Q2 ’26+2%+27%

Non-interest income vs. expense

3.45%Q2 ’243.54%Q2 ’256.42%Q2 ’26+3%+81%

Market Position · Ames, IA · 2026 SOD (annual) · 0.7% share · #22 of 26 inst. · $0.0B of $3.8B

Executive Summary

  • Earnings: ROA of -4.91%, down 398 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 1.03% of loans (+50 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.45%, up 382 bps from a year ago.
  • Funding: loans stand at 61.67% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-4.91%-398 bps YoY

Net Interest Margin (YTD, annualized)

3.26%+70 bps YoY

Efficiency Ratio (YTD, annualized)

188.73%+5,482 bps YoY

Tier 1 Leverage Ratio

15.45%+382 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.94%-1.74%-1.93%-3.41%-4.91%-398 bps
Return on Equity-9.95%-16.45%-17.42%-27.52%-37.67%-2,772 bps
Net Interest Margin2.57%2.66%2.71%2.95%3.26%+70 bps
Efficiency Ratio133.91%160.22%166.58%168.56%188.73%+5,482 bps
Non-Interest Burden3.46%4.30%4.57%5.08%6.28%+282 bps
Growth
Asset Growth (YoY)-1.11%6.67%16.44%10.13%19.63%+2,074 bps
Loan Growth (YoY)-10.12%7.19%22.03%82.46%111.02%+12,114 bps
Deposit Growth (YoY)2.16%-1.63%8.78%8.72%14.56%+1,240 bps
Asset Quality
Nonperforming Loans / Loans0.53%0.00%0.54%1.21%1.03%+50 bps
Net Charge-Offs / Loans0.00%0.64%0.48%0.41%0.00%0 bps
Allowance / Loans1.54%0.87%0.87%0.98%1.24%-31 bps
Allowance Coverage of NPLs2.9xn/a1.6x0.8x1.2x-1.7x
Capital
Tier 1 Leverage Ratio11.63%14.40%13.87%11.83%15.45%+382 bps
Total Risk-Based Capital18.88%26.17%20.59%18.39%23.06%+418 bps
Equity / Assets10.37%13.93%12.93%11.86%14.17%+380 bps
Liquidity & Funding
Loans / Deposits33.48%39.78%37.61%59.11%61.67%+2,819 bps
Liquid Assets / Assets31.98%28.56%26.24%17.87%22.57%-940 bps
CRE / Total Capitaln/a14.88%14.47%15.37%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Maxwell State Bank

Maxwell, IA · Cert 15930 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Agcom Holdings Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$31.7MAssets
$16.7MLoans
$27.0MDeposits
$4.5MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 87% of banks under $1B in assets operating in a single state (rank 96 of 746).
  • Widest gap: efficiency ratio trails 99% of banks under $1B in assets operating in a single state (rank 742 of 746).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

-4.50%

Rank 742 of 746

Net Interest Margin

3.26%

Rank 534 of 746

Efficiency Ratio

188.73%

Rank 742 of 746

Equity / Assets

14.17%

Rank 134 of 746

Non-interest income vs. expense

$0.0M$1.9MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 1% of banks under $1B in assets operating in a single state
Bank 188.73%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-4.50%0.72%1.06%1.45%Beats 1%742 / 746
Return on Equity-31.79%6.74%10.51%13.63%Beats 1%742 / 746
Net Interest Margin3.26%3.17%3.68%4.16%Beats 28%534 / 746
Efficiency Ratio188.73%55.74%64.58%75.47%Beats 1%742 / 746
Asset Quality
Nonperforming Loans / Loans1.03%0.09%0.42%1.07%Beats 26%551 / 743
Net Charge-Offs / Loans0.10%0.00%0.01%0.05%Beats 15%631 / 743
Capital
Tier 1 Capital Ratio22.06%11.55%13.75%17.60%Beats 87%96 / 746
Total Risk-Based Capital Ratio23.06%11.71%14.33%18.43%Beats 87%97 / 746
Equity / Assets14.17%8.90%10.51%13.06%Beats 82%134 / 746
Liquidity & Funding
Loans / Deposits61.67%61.31%78.27%90.78%25th pctl556 / 746
Loans / Assets52.49%53.60%66.97%76.08%23rd pctl575 / 746
Brokered Deposits / Depositsn/aNot reported for this institution