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Apple River State Bank

Apple River, IL · Cert 17453 · First Apple River Corp.

State charter, non-member · FDIC · 8 branches

Q2 2026

$675.2MAssets
$398.2MLoans
$548.3MDeposits
$52.6MEquity
Loan mix
86%RE $298.1M11%C&I $38.8M3%Consumer $10.8MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $480.8M12%Noninterest $67.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.33%, up 22 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.24% of loans (+17 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.74%, up 48 bps from a year ago.
  • Funding: loans stand at 72.62% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.33%+22 bps YoY

Net Interest Margin (quarter, annualized)

3.12%+34 bps YoY

Efficiency Ratio (quarter, annualized)

53.80%-239 bps YoY

Tier 1 Leverage Ratio

9.74%+48 bps YoY

NIM

4.37%Q2 ’244.70%Q2 ’254.88%Q2 ’26+18%+12%

Non-interest income vs. expense

1.92%Q2 ’241.86%Q2 ’251.95%Q2 ’26-7%+8%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.89%1.00%1.11%1.14%1.15%1.25%1.33%+22 bps
Return on Equity13.33%13.44%15.30%16.13%15.61%14.81%15.62%16.75%+62 bps
Net Interest Margin2.45%2.58%2.65%2.78%2.88%2.94%2.99%3.12%+34 bps
Efficiency Ratio62.85%60.69%58.54%56.19%55.70%57.59%54.02%53.80%-239 bps
Non-Interest Burden1.35%1.36%1.33%1.34%1.40%1.45%1.37%1.44%+11 bps
Growth
Asset Growth (YoY)6.16%11.88%9.58%8.22%7.43%3.52%3.09%7.12%-110 bps
Loan Growth (YoY)9.74%11.22%11.55%8.55%10.86%7.42%6.63%6.64%-191 bps
Deposit Growth (YoY)-0.33%7.92%7.78%9.77%8.59%3.57%3.23%6.55%-322 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.02%0.03%0.06%0.05%0.23%0.23%0.24%+17 bps
Net Charge-Offs / Loans0.00%0.02%0.00%0.00%0.00%0.03%0.02%-0.02%-2 bps
Allowance / Loans0.94%0.94%0.95%0.96%0.97%0.97%0.99%0.98%+1 bps
Allowance Coverage of NPLs8.6x50.8x31.0x15.4x18.3x4.2x4.4x4.1x-11.3x
Capital
Tier 1 Leverage Ratio9.13%9.05%9.24%9.26%9.33%9.30%9.62%9.74%+48 bps
Total Risk-Based Capital14.95%14.59%14.82%15.02%15.11%15.09%15.49%15.64%+62 bps
Equity / Assets7.04%6.19%6.85%6.91%7.66%7.83%8.16%7.78%+88 bps
Liquidity & Funding
Loans / Deposits72.80%72.37%75.32%72.56%74.32%75.06%77.80%72.62%+6 bps
Liquid Assets / Assets9.61%10.74%9.76%7.76%9.77%8.52%6.49%8.18%+42 bps
CRE / Total Capitaln/an/an/an/a133.80%133.35%133.88%n/an/a