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Vermont State Bank

Vermont, IL · Cert 16585

State charter, non-member · FDIC · 1 branch

Q2 2026

$31.0MAssets
$14.2MLoans
$21.0MDeposits
$8.6MEquity
Loan mix
81%RE $10.9M4%C&I $0.5M15%Consumer $2.0MQ2 2025Q2 2026
Deposit mix
59%Interest-bearing $12.5M41%Noninterest $8.5MQ2 2025Q2 2026

NIM

4.54%Q2 ’244.43%Q2 ’254.15%Q2 ’26+2%-4%

Non-interest income vs. expense

21.78%Q2 ’2430.08%Q2 ’2529.62%Q2 ’26-194%-186%

Executive Summary

  • Earnings: ROA of 6.34%, up 270 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 5.08% of loans (+17 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 28.17%, up 275 bps from a year ago.
  • Funding: loans stand at 67.41% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

6.34%+270 bps YoY

Net Interest Margin (YTD, annualized)

2.93%-11 bps YoY

Efficiency Ratio (YTD, annualized)

76.75%-869 bps YoY

Tier 1 Leverage Ratio

28.17%+275 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets3.63%3.94%3.91%6.86%6.34%+270 bps
Return on Equity14.82%15.59%15.61%27.23%24.37%+955 bps
Net Interest Margin3.05%3.08%2.97%2.88%2.93%-11 bps
Efficiency Ratio85.45%85.19%85.12%73.76%76.75%-869 bps
Non-Interest Burden-2.11%-2.52%-2.57%-7.10%-6.05%-393 bps
Growth
Asset Growth (YoY)6.02%-3.63%17.72%9.85%15.59%+957 bps
Loan Growth (YoY)-3.08%-3.74%-8.91%-7.57%-0.53%+255 bps
Deposit Growth (YoY)2.08%-7.68%15.08%3.47%9.54%+746 bps
Asset Quality
Nonperforming Loans / Loans4.91%6.30%4.88%5.15%5.08%+17 bps
Net Charge-Offs / Loans0.35%0.37%0.68%0.17%0.07%-28 bps
Allowance / Loans4.96%4.87%4.65%4.82%4.69%-28 bps
Allowance Coverage of NPLs1.0x0.8x1.0x0.9x0.9x-0.1x
Capital
Tier 1 Leverage Ratio25.42%27.06%27.51%26.47%28.17%+275 bps
Total Risk-Based Capital50.46%51.78%56.05%60.34%64.61%+1,416 bps
Equity / Assets25.95%27.74%24.30%26.09%27.65%+170 bps
Liquidity & Funding
Loans / Deposits74.23%75.40%61.26%63.42%67.41%-683 bps
Liquid Assets / Assets30.45%22.61%28.62%22.39%19.33%-1,112 bps
CRE / Total Capitaln/a23.94%22.58%18.77%n/an/a