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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

3.94%Q2 ’244.49%Q2 ’254.63%Q2 ’26+28%+20%

Non-interest income vs. expense

1.86%Q2 ’241.59%Q2 ’251.92%Q2 ’26-12%+26%

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 1.01%, up 25 bps year over year; NIM at 2.88%.
  • 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 (quarter, annualized)

1.01%+25 bps YoY

Net Interest Margin (quarter, annualized)

2.88%+47 bps YoY

Efficiency Ratio (quarter, annualized)

63.19%+182 bps YoY

Tier 1 Leverage Ratio

8.27%+33 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.75%0.64%0.72%0.73%1.01%+25 bps
Return on Equity10.51%8.08%8.50%8.83%12.44%+193 bps
Net Interest Margin2.41%2.56%2.74%2.67%2.88%+47 bps
Efficiency Ratio61.37%60.24%70.82%65.13%63.19%+182 bps
Non-Interest Burden1.40%1.46%1.89%1.68%1.75%+36 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%0.34%0.32%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