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Security Bank USA

Bemidji, MN · Cert 1604 · Security St Bancshares Bemidji

State charter, non-member · FDIC · 2 branches

Q2 2026

$263.9MAssets
$194.9MLoans
$238.8MDeposits
$24.1MEquity
Loan mix
75%RE $140.2M15%C&I $28.3M10%Consumer $18.3MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $194.5M19%Noninterest $44.3MQ2 2025Q2 2026

NIM

5.30%Q2 ’245.60%Q2 ’255.78%Q2 ’26+14%+7%

Non-interest income vs. expense

3.07%Q2 ’243.11%Q2 ’253.11%Q2 ’26+6%-1%

Executive Summary

  • Earnings: ROA of 1.45%, up 24 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.22% of loans (-94 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 9.36%, down 13 bps from a year ago.
  • Funding: loans stand at 81.60% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.45%+24 bps YoY

Net Interest Margin (YTD, annualized)

4.28%+29 bps YoY

Efficiency Ratio (YTD, annualized)

62.52%-413 bps YoY

Tier 1 Leverage Ratio

9.36%-13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.21%1.26%1.22%1.46%1.45%+24 bps
Return on Equity13.80%14.26%13.64%15.90%15.79%+199 bps
Net Interest Margin3.99%4.03%4.08%4.23%4.28%+29 bps
Efficiency Ratio66.66%65.76%67.55%61.59%62.52%-413 bps
Non-Interest Burden2.44%2.42%2.54%2.37%2.42%-2 bps
Growth
Asset Growth (YoY)3.90%0.24%5.55%10.81%4.62%+72 bps
Loan Growth (YoY)5.53%8.82%4.91%8.34%7.90%+237 bps
Deposit Growth (YoY)3.75%-0.02%4.96%10.90%4.18%+43 bps
Asset Quality
Nonperforming Loans / Loans1.16%1.10%0.47%0.37%0.22%-94 bps
Net Charge-Offs / Loans0.02%0.02%-0.01%0.00%0.05%+2 bps
Allowance / Loans1.37%1.33%1.41%1.37%1.28%-8 bps
Allowance Coverage of NPLs1.2x1.2x3.0x3.7x5.7x+4.6x
Capital
Tier 1 Leverage Ratio9.48%9.56%9.62%9.74%9.36%-13 bps
Total Risk-Based Capital14.74%14.73%15.33%15.71%14.72%-2 bps
Equity / Assets8.79%9.16%9.27%9.06%9.14%+35 bps
Liquidity & Funding
Loans / Deposits78.79%81.43%77.79%75.86%81.60%+281 bps
Liquid Assets / Assets5.67%3.43%9.83%11.66%3.66%-201 bps
CRE / Total Capitaln/a253%253%246%n/an/a