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Exchange State Bank, The

Springville, IA · Cert 16094 · Country Bcorp

State charter, non-member · FDIC · 3 affiliate banks · 2 branches (12 in holding)

Q2 2026

$52.7MAssets
$28.5MLoans
$47.9MDeposits
$4.6MEquity
Loan mix
84%RE $21.0M11%C&I $2.6M5%Consumer $1.3MQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $41.0M14%Noninterest $6.9MQ2 2025Q2 2026

NIM

4.79%Q2 ’245.22%Q2 ’255.17%Q2 ’26+19%+6%

Non-interest income vs. expense

2.58%Q2 ’242.86%Q2 ’252.74%Q2 ’26+8%-8%

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 0.5% share · #28 of 35 inst. · $0.0B of $8.8B

0.5% Linn
2.1% Jones

Executive Summary

  • Earnings: ROA of 1.02%, up 30 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.57% of loans (+47 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 9.51%, up 53 bps from a year ago.
  • Funding: loans stand at 59.41% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.02%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.68%+19 bps YoY

Efficiency Ratio (YTD, annualized)

68.05%-823 bps YoY

Tier 1 Leverage Ratio

9.51%+53 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.72%0.68%0.70%0.89%1.02%+30 bps
Return on Equity9.55%8.75%8.82%10.64%12.06%+251 bps
Net Interest Margin3.49%3.51%3.48%3.58%3.68%+19 bps
Efficiency Ratio76.27%77.08%76.67%71.35%68.05%-823 bps
Non-Interest Burden2.60%2.65%2.60%2.43%2.40%-20 bps
Growth
Asset Growth (YoY)-6.28%-7.59%-3.05%2.23%-0.08%+621 bps
Loan Growth (YoY)-7.06%-11.60%-9.11%-6.50%-4.25%+281 bps
Deposit Growth (YoY)-2.60%0.58%2.01%1.97%0.37%+297 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.10%0.00%1.13%0.57%+47 bps
Net Charge-Offs / Loans-0.03%-0.01%-0.02%-0.03%-0.04%-1 bps
Allowance / Loans1.30%1.31%1.36%1.38%1.38%+8 bps
Allowance Coverage of NPLs13.9x13.7xn/a1.2x2.4x-11.4x
Capital
Tier 1 Leverage Ratio8.98%9.08%9.14%9.02%9.51%+53 bps
Total Risk-Based Capital12.67%9.08%9.14%9.02%9.51%-316 bps
Equity / Assets7.87%8.42%8.56%8.19%8.64%+77 bps
Liquidity & Funding
Loans / Deposits62.28%62.95%61.45%58.00%59.41%-287 bps
Liquid Assets / Assets1.51%0.58%0.64%0.60%0.65%-85 bps
CRE / Total Capitaln/a80.97%92.53%76.26%n/an/a