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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 1.22%, 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