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First State Bank

Stuart, IA · Cert 16177

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Des Moines-West Des Moines, IA area3

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 in the Des Moines-West Des Moines, IA area (n=18 to 19). 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

86

Q2 2024Q2 2026peer median (50)

Asset Quality

62

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

47

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

First State Bank

Stuart, IA · Cert 16177

State charter, non-member · FDIC · 4 branches

Q2 2026

$129.7MAssets
$55.3MLoans
$114.0MDeposits
$15.6MEquity
Loan mix
86%RE $41.7M8%C&I $4.0M5%Consumer $2.7MQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $76.3M33%Noninterest $37.7MQ3 2024Q2 2026

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.3% share · #38 of 57 inst. · $0.1B of $38.0B

17.6% Guthrie
0.6% Dallas

Executive Summary

  • Earnings: ROA of 1.15%, down 39 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.03% of loans (+3 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.95%, up 33 bps from a year ago.
  • Funding: loans stand at 48.56% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.15%-39 bps YoY

Net Interest Margin (YTD, annualized)

3.67%-22 bps YoY

Efficiency Ratio (YTD, annualized)

61.86%+1,038 bps YoY

Tier 1 Leverage Ratio

11.95%+33 bps YoY

NIM

4.26%Q2 ’245.05%Q2 ’254.74%Q2 ’26+27%-6%

Non-interest income vs. expense

2.36%Q2 ’242.38%Q2 ’252.41%Q2 ’26-21%+32%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.83%0.89%0.96%1.54%1.21%1.15%1.12%1.15%-39 bps
Return on Equity8.22%8.69%8.76%13.66%10.55%9.96%9.67%9.75%-390 bps
Net Interest Margin3.46%3.45%3.80%3.90%3.99%3.87%3.63%3.67%-22 bps
Efficiency Ratio66.41%66.31%57.56%51.48%57.52%58.83%61.57%61.86%+1,038 bps
Non-Interest Burden2.20%2.20%2.11%1.66%2.05%2.02%2.16%2.19%+53 bps
Growth
Asset Growth (YoY)-6.77%-6.01%-2.60%-0.22%0.00%6.29%3.32%6.12%+633 bps
Loan Growth (YoY)1.77%2.23%4.78%4.99%4.37%-5.93%-13.31%-10.41%-1,540 bps
Deposit Growth (YoY)-8.91%-8.13%-4.49%-1.89%-1.04%6.09%2.78%6.00%+789 bps
Asset Quality
Nonperforming Loans / Loans0.35%0.02%0.00%0.00%0.00%0.00%0.04%0.03%+3 bps
Net Charge-Offs / Loans-0.04%0.12%0.32%0.17%0.11%0.10%-0.02%-0.01%-18 bps
Allowance / Loans1.45%1.23%1.43%1.56%1.69%2.01%2.23%2.18%+62 bps
Allowance Coverage of NPLs4.1x76.3xn/an/an/an/a61.7x63.4xn/a
Capital
Tier 1 Leverage Ratio11.10%10.85%10.88%11.62%12.11%11.92%11.79%11.95%+33 bps
Total Risk-Based Capital23.38%22.26%24.29%25.34%25.15%26.79%31.46%29.07%+373 bps
Equity / Assets11.07%11.12%10.90%11.77%12.25%11.57%11.67%12.03%+26 bps
Liquidity & Funding
Loans / Deposits56.32%57.77%54.27%57.46%59.41%51.22%45.77%48.56%-890 bps
Liquid Assets / Assets23.48%28.52%20.70%10.05%12.87%29.29%15.26%6.62%-343 bps
CRE / Total Capitaln/an/an/an/a79.85%62.11%47.43%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

First State Bank

Stuart, IA · Cert 16177 · Peer group: banks under $1B in assets in the Des Moines-West Des Moines, IA area (n=18-19)

State charter, non-member · FDIC · 4 branches

Q2 2026

$129.7MAssets
$55.3MLoans
$114.0MDeposits
$15.6MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 89% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 2 of 19).
  • Widest gap: return on equity trails 95% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 18 of 19).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.15%

Rank 10 of 19

Net Interest Margin

3.67%

Rank 5 of 19

Efficiency Ratio

61.86%

Rank 11 of 19

Equity / Assets

12.03%

Rank 4 of 19

Non-interest income vs. expense

$0.3M$3.1MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 47% of banks under $1B in assets in the Des Moines-West Des Moines, IA area
Bank 61.86%Peer median 57.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.15%1.05%1.15%1.42%Beats 47%10 / 19
Return on Equity9.53%10.97%12.15%13.79%Beats 5%18 / 19
Net Interest Margin3.67%3.08%3.50%3.67%Beats 74%5 / 19
Efficiency Ratio61.86%52.38%57.82%63.73%Beats 47%11 / 19
Asset Quality
Nonperforming Loans / Loans0.03%n/a0.21%0.91%Beats 67%7 / 18
Net Charge-Offs / Loans0.01%0.00%0.01%0.01%Beats 56%9 / 18
Capital
Tier 1 Capital Ratio27.80%10.79%12.38%16.13%Beats 89%2 / 19
Total Risk-Based Capital Ratio29.07%11.60%13.40%17.04%Beats 89%2 / 19
Equity / Assets12.03%8.64%9.66%11.07%Beats 79%4 / 19
Liquidity & Funding
Loans / Deposits48.56%65.91%76.09%88.00%5th pctl18 / 19
Loans / Assets42.66%57.37%63.36%76.16%5th pctl18 / 19
Brokered Deposits / Depositsn/aNot reported for this institution