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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 1.28%, up 23 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.24% of loans (+17 bps YoY), with net charge-offs at 0.00%.
  • 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 (YTD, annualized)

1.28%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.03%+35 bps YoY

Efficiency Ratio (YTD, annualized)

53.91%-342 bps YoY

Tier 1 Leverage Ratio

9.74%+48 bps YoY

NIM

4.23%Q2 ’244.57%Q2 ’254.79%Q2 ’26+19%+13%

Non-interest income vs. expense

1.92%Q2 ’241.84%Q2 ’251.91%Q2 ’26-8%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.72%0.76%1.00%1.05%1.08%1.10%1.25%1.28%+23 bps
Return on Equity11.21%12.00%15.30%15.78%15.63%15.52%15.62%16.19%+40 bps
Net Interest Margin2.27%2.31%2.65%2.68%2.71%2.75%2.99%3.03%+35 bps
Efficiency Ratio67.37%65.52%58.54%57.33%56.76%56.98%54.02%53.91%-342 bps
Non-Interest Burden1.37%1.35%1.33%1.32%1.32%1.35%1.37%1.40%+8 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 / Loans0.01%0.01%0.00%0.00%0.00%0.01%0.02%0.00%0 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