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First Security State Bank

Evansdale, IA · Cert 18508 · Evans Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$87.3MAssets
$62.2MLoans
$74.1MDeposits
$12.4MEquity
Loan mix
34%RE $20.1M35%C&I $21.0M31%Consumer $18.7MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $59.8M19%Noninterest $14.3MQ2 2025Q2 2026

NIM

5.09%Q2 ’245.23%Q2 ’255.36%Q2 ’26+14%+3%

Non-interest income vs. expense

2.48%Q2 ’242.66%Q2 ’252.86%Q2 ’26+7%+8%

Market Position · Waterloo-Cedar Falls, IA · 2026 SOD (annual) · 1.6% share · #17 of 23 inst. · $0.1B of $4.7B

Executive Summary

  • Earnings: ROA of 0.86%, down 4 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 3.11% of loans (+24 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 14.90%, up 57 bps from a year ago.
  • Funding: loans stand at 83.94% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.86%-4 bps YoY

Net Interest Margin (quarter, annualized)

3.74%+11 bps YoY

Efficiency Ratio (quarter, annualized)

72.43%+288 bps YoY

Tier 1 Leverage Ratio

14.90%+57 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.90%0.52%0.61%0.82%0.86%-4 bps
Return on Equity7.01%3.82%4.45%5.92%6.13%-88 bps
Net Interest Margin3.63%3.50%3.72%3.54%3.74%+11 bps
Efficiency Ratio69.55%71.07%75.96%71.97%72.43%+288 bps
Non-Interest Burden2.46%2.43%2.78%2.49%2.65%+19 bps
Growth
Asset Growth (YoY)-0.26%-7.13%-6.91%-4.50%-5.45%-518 bps
Loan Growth (YoY)-11.57%-8.25%1.83%0.99%7.77%+1,934 bps
Deposit Growth (YoY)-1.23%-8.94%-8.77%-6.00%-6.80%-557 bps
Asset Quality
Nonperforming Loans / Loans2.88%3.03%2.89%3.09%3.11%+24 bps
Net Charge-Offs / Loans0.26%0.13%0.53%0.03%0.04%-22 bps
Allowance / Loans1.09%1.20%1.08%1.09%1.04%-5 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.4x0.3x0.0x
Capital
Tier 1 Leverage Ratio14.32%14.60%14.31%14.66%14.90%+57 bps
Total Risk-Based Capital14.32%14.60%14.31%14.66%14.90%+57 bps
Equity / Assets13.06%14.02%13.62%13.97%14.24%+118 bps
Liquidity & Funding
Loans / Deposits72.59%78.17%80.80%80.78%83.94%+1,134 bps
Liquid Assets / Assets21.58%16.84%14.52%17.48%15.43%-615 bps
CRE / Total Capitaln/a70.41%72.41%75.50%n/an/a