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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