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Maquoketa State Bank

Maquoketa, IA · Cert 17903 · Ohnward Bancshares Inc.

State charter, Fed member · FED · 2 affiliate banks · 4 branches (16 in holding)

Q2 2026

$429.0MAssets
$224.4MLoans
$327.4MDeposits
$67.5MEquity
Loan mix
74%RE $106.3M20%C&I $28.9M6%Consumer $8.2MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $266.8M19%Noninterest $60.6MQ2 2025Q2 2026

NIM

4.42%Q2 ’244.71%Q2 ’254.64%Q2 ’26+24%+8%

Non-interest income vs. expense

2.14%Q2 ’242.05%Q2 ’252.24%Q2 ’26-5%+12%

Executive Summary

  • Earnings: ROA of 1.46%, up 12 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.52% of loans (-63 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 16.45%, down 11 bps from a year ago.
  • Funding: loans stand at 68.54% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.46%+12 bps YoY

Net Interest Margin (quarter, annualized)

3.08%+22 bps YoY

Efficiency Ratio (quarter, annualized)

56.16%+107 bps YoY

Tier 1 Leverage Ratio

16.45%-11 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.30%1.39%1.41%1.46%+12 bps
Return on Equity9.36%8.90%9.27%9.33%9.48%+12 bps
Net Interest Margin2.86%2.93%2.97%2.92%3.08%+22 bps
Efficiency Ratio55.09%56.00%55.74%53.80%56.16%+107 bps
Non-Interest Burden1.19%1.24%1.27%1.16%1.33%+14 bps
Growth
Asset Growth (YoY)3.16%3.59%3.26%5.73%1.87%-129 bps
Loan Growth (YoY)3.02%4.89%7.75%6.78%3.48%+46 bps
Deposit Growth (YoY)5.44%3.38%0.55%4.36%-0.89%-633 bps
Asset Quality
Nonperforming Loans / Loans1.15%0.99%0.83%1.21%0.52%-63 bps
Net Charge-Offs / Loans0.17%0.17%0.21%-0.04%-0.03%-19 bps
Allowance / Loans1.18%1.16%1.12%1.13%1.20%+2 bps
Allowance Coverage of NPLs1.0x1.2x1.3x0.9x2.3x+1.3x
Capital
Tier 1 Leverage Ratio16.56%16.97%16.42%16.55%16.45%-11 bps
Total Risk-Based Capital16.56%16.97%16.42%16.55%16.45%-11 bps
Equity / Assets14.44%14.72%15.28%14.97%15.74%+130 bps
Liquidity & Funding
Loans / Deposits65.65%64.56%65.83%65.26%68.54%+289 bps
Liquid Assets / Assets0.74%2.87%2.39%4.36%1.13%+39 bps
CRE / Total Capitaln/a29.78%31.00%29.98%n/an/a