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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 $2.0MQ3 2024Q2 2026
Deposit mix
87%Interest-bearing $29.2M13%Noninterest $4.4MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.50%0.96%0.70%0.77%0.49%0.54%0.58%-12 bps
Return on Equity7.20%5.38%10.01%7.12%7.76%4.95%5.61%5.89%-123 bps
Net Interest Margin3.62%3.54%3.83%3.80%4.01%3.76%3.55%3.61%-19 bps
Efficiency Ratio77.12%83.10%69.78%77.19%75.39%82.69%81.28%80.65%+346 bps
Non-Interest Burden2.74%2.90%2.62%2.90%2.98%3.08%2.85%2.88%-2 bps
Growth
Asset Growth (YoY)-3.65%-4.30%-1.18%-3.04%-4.10%1.04%2.67%8.75%+1,178 bps
Loan Growth (YoY)-1.22%2.59%2.69%2.34%-0.97%2.70%4.81%10.89%+854 bps
Deposit Growth (YoY)1.90%5.07%-4.33%-4.18%-5.61%-8.84%0.92%3.85%+803 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.13%0.13%2.12%0.11%0.09%0.08%0.08%-205 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.60%0.57%0.58%0.61%0.60%0.63%0.62%0.62%+1 bps
Allowance Coverage of NPLs4.0x4.4x4.4x0.3x5.5x6.7x7.4x8.0x+7.7x
Capital
Tier 1 Leverage Ratio9.78%9.40%9.66%10.05%10.67%10.00%9.79%9.86%-19 bps
Total Risk-Based Capital9.78%9.40%9.66%10.05%10.67%10.85%9.79%9.86%-19 bps
Equity / Assets9.64%9.43%9.73%10.20%10.55%9.71%9.71%9.87%-34 bps
Liquidity & Funding
Loans / Deposits91.32%90.65%91.64%89.86%95.82%102.13%95.17%95.94%+609 bps
Liquid Assets / Assets21.39%19.76%20.69%20.00%18.66%16.59%18.08%17.59%-241 bps
CRE / Total Capitaln/an/an/an/a79.41%81.53%75.10%n/an/a