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Security State Bank

Radcliffe, IA · Cert 18448 · Drake Holding Co.

State charter, non-member · FDIC · 4 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

46

Q2 2024Q2 2026peer median (50)

Asset Quality

54

Q2 2024Q2 2026peer median (50)

Profitability

30

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

22

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

Security State Bank

Radcliffe, IA · Cert 18448 · Drake Holding Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$119.0MAssets
$54.4MLoans
$109.0MDeposits
$9.8MEquity
Loan mix
52%RE $23.1M29%C&I $12.9M18%Consumer $8.1MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $87.8M19%Noninterest $21.2MQ2 2025Q2 2026

NIM

3.75%Q2 ’244.34%Q2 ’254.51%Q2 ’26+27%+22%

Non-interest income vs. expense

1.98%Q2 ’241.85%Q2 ’251.88%Q2 ’260%+1%

Market Position · Ames, IA · 2026 SOD (annual) · 0.8% share · #20 of 26 inst. · $0.0B of $3.8B

6.9% Hardin
0.9% Story

Executive Summary

  • Earnings: ROA of 0.88%, up 41 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 2.88% of loans (+39 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.27%, up 33 bps from a year ago.
  • Funding: loans stand at 49.93% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%+41 bps YoY

Net Interest Margin (YTD, annualized)

2.77%+50 bps YoY

Efficiency Ratio (YTD, annualized)

64.12%-1,266 bps YoY

Tier 1 Leverage Ratio

8.27%+33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.46%0.52%0.57%0.73%0.88%+41 bps
Return on Equity6.32%6.94%7.38%8.83%10.59%+427 bps
Net Interest Margin2.27%2.39%2.51%2.67%2.77%+50 bps
Efficiency Ratio76.78%70.84%70.84%65.13%64.12%-1,266 bps
Non-Interest Burden1.70%1.64%1.72%1.68%1.71%+1 bps
Growth
Asset Growth (YoY)9.05%3.46%1.36%-7.02%-3.06%-1,212 bps
Loan Growth (YoY)10.78%15.14%9.09%9.07%2.86%-792 bps
Deposit Growth (YoY)8.16%2.86%0.60%-8.16%-3.72%-1,188 bps
Asset Quality
Nonperforming Loans / Loans2.49%2.16%1.46%1.93%2.88%+39 bps
Net Charge-Offs / Loans0.00%0.11%0.16%0.00%0.00%0 bps
Allowance / Loans1.19%1.10%1.00%1.05%1.07%-11 bps
Allowance Coverage of NPLs0.5x0.5x0.7x0.5x0.4x-0.1x
Capital
Tier 1 Leverage Ratio7.94%7.99%8.16%8.21%8.27%+33 bps
Total Risk-Based Capital15.76%14.82%14.65%14.99%15.36%-40 bps
Equity / Assets7.57%8.21%8.65%7.94%8.22%+65 bps
Liquidity & Funding
Loans / Deposits46.74%53.24%56.24%50.39%49.93%+320 bps
Liquid Assets / Assets13.52%9.04%9.69%16.22%12.81%-72 bps
CRE / Total Capitaln/a73.22%76.61%75.76%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

Security State Bank

Radcliffe, IA · Cert 18448 · Peer group: banks under $1B in assets in IA (n=134-135) · Drake Holding Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$119.0MAssets
$54.4MLoans
$109.0MDeposits
$9.8MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IA (rank 45 of 134).
  • Widest gap: equity / assets trails 94% of banks under $1B in assets in IA (rank 127 of 135).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.87%

Rank 107 of 135

Net Interest Margin

2.77%

Rank 113 of 135

Efficiency Ratio

64.12%

Rank 106 of 135

Equity / Assets

8.22%

Rank 127 of 135

Non-interest income vs. expense

$0.2M$2.3MINCOMEEXPENSE
Unfavorable gap of $2.1M · efficiency ratio beats 22% of banks under $1B in assets in IA
Bank 64.12%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.87%0.92%1.19%1.47%Beats 21%107 / 135
Return on Equity10.54%7.99%10.26%13.14%Beats 53%63 / 135
Net Interest Margin2.77%2.95%3.41%3.73%Beats 16%113 / 135
Efficiency Ratio64.12%50.61%57.35%63.29%Beats 22%106 / 135
Asset Quality
Nonperforming Loans / Loans2.88%0.03%0.51%1.26%Beats 7%125 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio14.51%11.23%13.31%15.45%Beats 65%47 / 135
Total Risk-Based Capital Ratio15.36%11.61%14.06%16.47%Beats 66%46 / 135
Equity / Assets8.22%9.87%11.05%13.07%Beats 6%127 / 135
Liquidity & Funding
Loans / Deposits49.93%68.54%81.55%91.24%7th pctl125 / 134
Loans / Assets45.72%57.61%68.06%76.23%12th pctl119 / 135
Brokered Deposits / Depositsn/aNot reported for this institution