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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 1.21%, down 8 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (-2 bps YoY), with net charge-offs at 0.00%.
  • 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 (quarter, annualized)

1.21%-8 bps YoY

Net Interest Margin (quarter, annualized)

2.97%+17 bps YoY

Efficiency Ratio (quarter, annualized)

52.59%+83 bps YoY

Tier 1 Leverage Ratio

10.77%+16 bps YoY

NIM

3.94%Q2 ’244.34%Q2 ’254.44%Q2 ’26+26%+6%

Non-interest income vs. expense

1.64%Q2 ’241.72%Q2 ’251.74%Q2 ’26-7%+17%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.51%0.91%0.80%1.29%1.23%1.16%1.23%1.21%-8 bps
Return on Equity14.72%8.71%7.72%11.91%11.07%10.28%10.92%10.88%-103 bps
Net Interest Margin2.64%2.51%2.69%2.80%2.89%2.92%2.99%2.97%+17 bps
Efficiency Ratio49.03%59.62%58.09%51.76%51.81%53.73%51.95%52.59%+83 bps
Non-Interest Burden0.84%1.32%1.32%1.15%1.25%1.35%1.26%1.34%+20 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%0.04%0.00%0.50%0.00%0 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