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Northeast Security Bank

Sumner, IA · Cert 18384 · Independence Bancshares Inc.

State charter, non-member · FDIC · 7 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

67

Q2 2024Q2 2026peer median (50)

Asset Quality

57

Q2 2024Q2 2026peer median (50)

Profitability

43

Q2 2024Q2 2026peer median (50)

Liquidity

65

Q2 2024Q2 2026peer median

Efficiency

68

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

Northeast Security Bank

Sumner, IA · Cert 18384 · Independence Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$461.9MAssets
$271.9MLoans
$379.1MDeposits
$51.0MEquity
Loan mix
89%RE $180.5M11%C&I $21.5M1%Consumer $1.1MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $296.7M22%Noninterest $82.4MQ3 2024Q2 2026

Market Position · Waterloo-Cedar Falls, IA · 2026 SOD (annual) · 2.8% share · #13 of 23 inst. · $0.1B of $4.7B

18.4% Buchanan
12.6% Bremer
7.7% Tama
5.3% Fayette

Executive Summary

  • Earnings: ROA of 1.22%, up 17 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (-2 bps YoY), with net charge-offs at 0.25%.
  • Capital: tier 1 leverage ratio of 10.77%, up 16 bps from a year ago.
  • Funding: loans stand at 71.72% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.22%+17 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+22 bps YoY

Efficiency Ratio (YTD, annualized)

52.26%-258 bps YoY

Tier 1 Leverage Ratio

10.77%+16 bps YoY

NIM

3.89%Q2 ’244.28%Q2 ’254.38%Q2 ’26+25%+8%

Non-interest income vs. expense

1.68%Q2 ’241.77%Q2 ’251.77%Q2 ’26+0%+4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.97%0.95%0.80%1.05%1.11%1.12%1.23%1.22%+17 bps
Return on Equity9.71%9.52%7.72%9.84%10.27%10.28%10.92%10.86%+102 bps
Net Interest Margin2.34%2.35%2.69%2.74%2.80%2.79%2.99%2.96%+22 bps
Efficiency Ratio58.29%58.62%58.09%54.84%53.82%53.80%51.95%52.26%-258 bps
Non-Interest Burden1.10%1.14%1.32%1.24%1.24%1.25%1.26%1.29%+6 bps
Growth
Asset Growth (YoY)0.65%-1.37%2.39%1.87%2.69%2.44%2.63%6.05%+418 bps
Loan Growth (YoY)10.95%6.18%6.82%5.99%4.95%4.98%4.48%3.22%-276 bps
Deposit Growth (YoY)-4.86%-5.72%-1.71%-5.27%0.51%1.76%2.05%10.49%+1,576 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.04%0.02%0.02%0.46%0.45%0.00%0.00%-2 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%0.01%0.50%0.25%+25 bps
Allowance / Loans1.64%1.61%1.59%1.60%1.59%1.58%1.45%1.47%-13 bps
Allowance Coverage of NPLs41.2x42.5x85.0x87.8x3.4x3.5xn/an/an/a
Capital
Tier 1 Leverage Ratio10.46%10.45%10.35%10.61%10.63%10.65%10.68%10.77%+16 bps
Total Risk-Based Capital16.33%16.35%16.30%16.54%16.18%16.02%16.20%16.67%+12 bps
Equity / Assets10.82%10.19%10.65%11.02%11.27%11.32%11.27%11.05%+2 bps
Liquidity & Funding
Loans / Deposits74.64%73.30%75.28%76.77%77.94%75.62%77.08%71.72%-505 bps
Liquid Assets / Assets2.51%2.62%3.14%3.04%2.79%2.62%2.81%3.62%+58 bps
CRE / Total Capitaln/an/an/an/a79.80%81.63%78.29%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

Northeast Security Bank

Sumner, IA · Cert 18384 · Peer group: banks under $1B in assets in IA (n=134-135) · Independence Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$461.9MAssets
$271.9MLoans
$379.1MDeposits
$51.0MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: net charge-offs / loans trails 87% of banks under $1B in assets in IA (rank 118 of 134).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.19%

Rank 69 of 135

Net Interest Margin

2.96%

Rank 101 of 135

Efficiency Ratio

52.30%

Rank 44 of 135

Equity / Assets

11.05%

Rank 68 of 135

Non-interest income vs. expense

$2.2M$8.1MINCOMEEXPENSE
Unfavorable gap of $5.9M · efficiency ratio beats 68% of banks under $1B in assets in IA
Bank 52.30%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.19%0.92%1.19%1.47%Beats 49%69 / 135
Return on Equity10.77%7.99%10.26%13.14%Beats 56%59 / 135
Net Interest Margin2.96%2.95%3.41%3.73%Beats 25%101 / 135
Efficiency Ratio52.30%50.61%57.35%63.29%Beats 68%44 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.13%n/a0.01%0.03%Beats 13%118 / 134
Capital
Tier 1 Capital Ratio15.42%11.23%13.31%15.45%Beats 74%35 / 135
Total Risk-Based Capital Ratio16.67%11.61%14.06%16.47%Beats 78%30 / 135
Equity / Assets11.05%9.87%11.05%13.07%Beats 50%68 / 135
Liquidity & Funding
Loans / Deposits71.72%68.54%81.55%91.24%30th pctl94 / 134
Loans / Assets58.86%57.61%68.06%76.23%28th pctl97 / 135
Brokered Deposits / Depositsn/aNot reported for this institution