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Defiance State Bank

Defiance, IA · Cert 17450 · Union Bcorp

State charter, non-member · FDIC · 2 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 IA3

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 IA (n=134 to 135). 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

11

Q2 2024Q2 2026peer median (50)

Asset Quality

85

Q2 2024Q2 2026peer median (50)

Profitability

28

Q2 2024Q2 2026peer median (50)

Liquidity

29

Q2 2024Q2 2026peer median

Efficiency

7

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

Defiance State Bank

Defiance, IA · Cert 17450 · Union Bcorp

State charter, non-member · FDIC · 2 branches

Q2 2026

$42.6MAssets
$32.2MLoans
$33.5MDeposits
$4.2MEquity
Loan mix
83%RE $18.3M8%C&I $1.9M9%Consumer $2.0MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $29.2M13%Noninterest $4.4MQ2 2025Q2 2026

NIM

4.73%Q2 ’245.14%Q2 ’254.88%Q2 ’26+6%-5%

Non-interest income vs. expense

2.88%Q2 ’243.06%Q2 ’253.03%Q2 ’26+9%-1%

Executive Summary

  • Earnings: ROA of 0.58%, down 12 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.08% of loans (-205 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.86%, down 19 bps from a year ago.
  • Funding: loans stand at 95.94% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.58%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.61%-19 bps YoY

Efficiency Ratio (YTD, annualized)

80.65%+346 bps YoY

Tier 1 Leverage Ratio

9.86%-19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.70%0.77%0.49%0.54%0.58%-12 bps
Return on Equity7.12%7.76%4.95%5.61%5.89%-123 bps
Net Interest Margin3.80%4.01%3.76%3.55%3.61%-19 bps
Efficiency Ratio77.19%75.39%82.69%81.28%80.65%+346 bps
Non-Interest Burden2.90%2.98%3.08%2.85%2.88%-2 bps
Growth
Asset Growth (YoY)-3.04%-4.10%1.04%2.67%8.75%+1,178 bps
Loan Growth (YoY)2.34%-0.97%2.70%4.81%10.89%+854 bps
Deposit Growth (YoY)-4.18%-5.61%-8.84%0.92%3.85%+803 bps
Asset Quality
Nonperforming Loans / Loans2.12%0.11%0.09%0.08%0.08%-205 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.61%0.60%0.63%0.62%0.62%+1 bps
Allowance Coverage of NPLs0.3x5.5x6.7x7.4x8.0x+7.7x
Capital
Tier 1 Leverage Ratio10.05%10.67%10.00%9.79%9.86%-19 bps
Total Risk-Based Capital10.05%10.67%10.85%9.79%9.86%-19 bps
Equity / Assets10.20%10.55%9.71%9.71%9.87%-34 bps
Liquidity & Funding
Loans / Deposits89.86%95.82%102.13%95.17%95.94%+609 bps
Liquid Assets / Assets20.00%18.66%16.59%18.08%17.59%-241 bps
CRE / Total Capitaln/a79.41%81.53%75.10%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

Defiance State Bank

Defiance, IA · Cert 17450 · Peer group: banks under $1B in assets in IA (n=134-135) · Union Bcorp

State charter, non-member · FDIC · 2 branches

Q2 2026

$42.6MAssets
$32.2MLoans
$33.5MDeposits
$4.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IA (rank 45 of 134).
  • Widest gap: total risk-based capital ratio trails 96% of banks under $1B in assets in IA (rank 130 of 135).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.57%

Rank 126 of 135

Net Interest Margin

3.61%

Rank 45 of 135

Efficiency Ratio

80.65%

Rank 127 of 135

Equity / Assets

9.87%

Rank 102 of 135

Non-interest income vs. expense

$0.1M$1.3MINCOMEEXPENSE
Unfavorable gap of $1.2M · efficiency ratio beats 7% of banks under $1B in assets in IA
Bank 80.65%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.57%0.92%1.19%1.47%Beats 7%126 / 135
Return on Equity5.79%7.99%10.26%13.14%Beats 11%120 / 135
Net Interest Margin3.61%2.95%3.41%3.73%Beats 67%45 / 135
Efficiency Ratio80.65%50.61%57.35%63.29%Beats 7%127 / 135
Asset Quality
Nonperforming Loans / Loans0.08%0.03%0.51%1.26%Beats 70%41 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio9.86%11.23%13.31%15.45%Beats 4%130 / 135
Total Risk-Based Capital Ratio9.86%11.61%14.06%16.47%Beats 4%130 / 135
Equity / Assets9.87%9.87%11.05%13.07%Beats 24%102 / 135
Liquidity & Funding
Loans / Deposits95.94%68.54%81.55%91.24%84th pctl22 / 134
Loans / Assets75.51%57.61%68.06%76.23%73rd pctl36 / 135
Brokered Deposits / Depositsn/aNot reported for this institution