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Letter portraitLegal landscapeQuarterYTD

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 $8.1MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $87.8M19%Noninterest $21.2MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.10%0.14%0.14%0.46%0.52%0.57%0.73%0.88%+41 bps
Return on Equity1.43%2.01%1.93%6.32%6.94%7.38%8.83%10.59%+427 bps
Net Interest Margin1.85%1.88%2.14%2.27%2.39%2.51%2.67%2.77%+50 bps
Efficiency Ratio92.93%91.32%94.67%76.78%70.84%70.84%65.13%64.12%-1,266 bps
Non-Interest Burden1.70%1.69%2.01%1.70%1.64%1.72%1.68%1.71%+1 bps
Growth
Asset Growth (YoY)4.76%1.25%14.79%9.05%3.46%1.36%-7.02%-3.06%-1,212 bps
Loan Growth (YoY)8.89%9.42%7.10%10.78%15.14%9.09%9.07%2.86%-792 bps
Deposit Growth (YoY)12.86%11.37%14.44%8.16%2.86%0.60%-8.16%-3.72%-1,188 bps
Asset Quality
Nonperforming Loans / Loans1.83%2.42%2.06%2.49%2.16%1.46%1.93%2.88%+39 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.11%0.16%0.00%0.00%0 bps
Allowance / Loans1.27%1.18%1.23%1.19%1.10%1.00%1.05%1.07%-11 bps
Allowance Coverage of NPLs0.7x0.5x0.6x0.5x0.5x0.7x0.5x0.4x-0.1x
Capital
Tier 1 Leverage Ratio8.58%8.35%7.75%7.94%7.99%8.16%8.21%8.27%+33 bps
Total Risk-Based Capital16.82%15.75%15.27%15.76%14.82%14.65%14.99%15.36%-40 bps
Equity / Assets7.71%7.53%6.80%7.57%8.21%8.65%7.94%8.22%+65 bps
Liquidity & Funding
Loans / Deposits47.57%51.86%42.43%46.74%53.24%56.24%50.39%49.93%+320 bps
Liquid Assets / Assets14.85%11.69%24.05%13.52%9.04%9.69%16.22%12.81%-72 bps
CRE / Total Capitaln/an/an/an/a73.22%76.61%75.76%n/an/a