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Farmers State Bank

Parkston, SD · Cert 1686 · Parkston Investment Co.

State charter, non-member · FDIC · 3 branches

Q2 2026

$254.8MAssets
$140.7MLoans
$237.4MDeposits
$16.7MEquity
Loan mix
76%RE $73.6M16%C&I $15.3M8%Consumer $8.0MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $185.7M22%Noninterest $51.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.95%, up 19 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 9.99%, up 18 bps from a year ago.
  • Funding: loans stand at 59.25% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.95%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.10%+34 bps YoY

Efficiency Ratio (quarter, annualized)

63.10%-678 bps YoY

Tier 1 Leverage Ratio

9.99%+18 bps YoY

NIM

4.33%Q2 ’244.52%Q2 ’254.66%Q2 ’26+10%+12%

Non-interest income vs. expense

2.07%Q2 ’242.12%Q2 ’252.09%Q2 ’26+3%-1%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.53%0.59%0.51%0.76%0.78%0.84%0.82%0.95%+19 bps
Return on Equity10.25%11.47%10.45%14.03%13.00%13.28%13.05%14.95%+92 bps
Net Interest Margin2.49%2.55%2.50%2.76%2.84%2.96%2.92%3.10%+34 bps
Efficiency Ratio75.12%77.34%75.53%69.88%69.95%66.25%69.65%63.10%-678 bps
Non-Interest Burden1.84%1.95%1.87%1.89%1.91%1.87%1.97%1.87%-1 bps
Growth
Asset Growth (YoY)-3.00%-4.89%1.50%3.46%4.81%3.95%3.00%3.40%-5 bps
Loan Growth (YoY)10.48%5.91%1.08%2.34%3.21%5.15%7.67%7.23%+489 bps
Deposit Growth (YoY)-6.21%-5.46%0.53%2.30%5.14%2.06%1.70%2.46%+16 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.04%0.00%0.00%0.00%0.00%0.02%-0.03%-2 bps
Allowance / Loans1.07%1.02%1.08%1.04%1.03%1.05%1.08%1.12%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.98%9.68%9.68%9.81%10.02%9.75%9.87%9.99%+18 bps
Total Risk-Based Capital9.98%9.68%9.68%9.81%10.02%9.75%9.87%9.99%+18 bps
Equity / Assets5.79%4.56%5.09%5.73%6.25%6.41%6.20%6.55%+83 bps
Liquidity & Funding
Loans / Deposits57.82%58.32%52.97%56.62%56.75%60.08%56.08%59.25%+263 bps
Liquid Assets / Assets0.31%1.41%4.39%1.78%3.48%0.79%5.31%2.32%+54 bps
CRE / Total Capitaln/an/an/an/a70.50%71.62%70.49%n/an/a