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First Security Bank and Trust Company

Charles City, IA · Cert 1852 · Cedar Valley Bankshares Ltd.

State charter, non-member · FDIC · 8 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

59

Q2 2024Q2 2026peer median (50)

Asset Quality

54

Q2 2024Q2 2026peer median (50)

Profitability

17

Q2 2024Q2 2026peer median (50)

Liquidity

73

Q2 2024Q2 2026peer median

Efficiency

4

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

First Security Bank and Trust Company

Charles City, IA · Cert 1852 · Cedar Valley Bankshares Ltd.

State charter, non-member · FDIC · 8 branches

Q2 2026

$538.2MAssets
$347.4MLoans
$469.0MDeposits
$56.0MEquity
Loan mix
90%RE $260.8M8%C&I $22.5M3%Consumer $7.5MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $393.7M16%Noninterest $75.3MQ2 2025Q2 2026

NIM

4.18%Q2 ’244.29%Q2 ’254.39%Q2 ’26+12%+9%

Non-interest income vs. expense

3.09%Q2 ’243.19%Q2 ’253.21%Q2 ’26+3%+1%

Executive Summary

  • Earnings: ROA of 0.45%, up 1 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.27% of loans (+16 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.03%, up 67 bps from a year ago.
  • Funding: loans stand at 74.06% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.45%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+28 bps YoY

Efficiency Ratio (YTD, annualized)

84.12%-572 bps YoY

Tier 1 Leverage Ratio

10.03%+67 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.44%0.42%0.48%0.36%0.45%+1 bps
Return on Equity5.00%4.66%5.14%3.66%4.42%-57 bps
Net Interest Margin3.03%3.11%3.12%3.24%3.31%+28 bps
Efficiency Ratio89.84%89.15%87.32%87.99%84.12%-572 bps
Non-Interest Burden2.62%2.67%2.61%2.74%2.65%+3 bps
Growth
Asset Growth (YoY)-0.66%-2.47%0.69%-3.98%-2.03%-137 bps
Loan Growth (YoY)-1.05%-0.13%-1.49%-3.96%-1.45%-40 bps
Deposit Growth (YoY)-1.31%-3.48%-1.55%-6.60%-4.03%-272 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.16%0.18%0.18%0.27%+16 bps
Net Charge-Offs / Loans0.00%0.02%0.01%0.01%0.00%0 bps
Allowance / Loans1.26%1.24%1.19%1.17%1.24%-2 bps
Allowance Coverage of NPLs11.4x7.9x6.5x6.5x4.5x-6.9x
Capital
Tier 1 Leverage Ratio9.36%9.68%9.71%9.93%10.03%+67 bps
Total Risk-Based Capital14.81%15.32%15.46%15.54%16.03%+122 bps
Equity / Assets9.37%9.86%9.92%9.99%10.40%+103 bps
Liquidity & Funding
Loans / Deposits72.13%72.67%73.56%73.94%74.06%+193 bps
Liquid Assets / Assets5.17%5.72%7.17%5.58%3.00%-218 bps
CRE / Total Capitaln/a147.43%146.30%139.38%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

First Security Bank and Trust Company

Charles City, IA · Cert 1852 · Peer group: banks under $1B in assets in IA (n=134-135) · Cedar Valley Bankshares Ltd.

State charter, non-member · FDIC · 8 branches

Q2 2026

$538.2MAssets
$347.4MLoans
$469.0MDeposits
$56.0MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 70% of banks under $1B in assets in IA (rank 41 of 135).
  • Widest gap: efficiency ratio trails 96% of banks under $1B in assets in IA (rank 130 of 135).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.46%

Rank 128 of 135

Net Interest Margin

3.31%

Rank 80 of 135

Efficiency Ratio

84.12%

Rank 130 of 135

Equity / Assets

10.40%

Rank 83 of 135

Non-interest income vs. expense

$3.1M$17.7MINCOMEEXPENSE
Unfavorable gap of $14.7M · efficiency ratio beats 4% of banks under $1B in assets in IA
Bank 84.12%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.46%0.92%1.19%1.47%Beats 5%128 / 135
Return on Equity4.38%7.99%10.26%13.14%Beats 6%127 / 135
Net Interest Margin3.31%2.95%3.41%3.73%Beats 41%80 / 135
Efficiency Ratio84.12%50.61%57.35%63.29%Beats 4%130 / 135
Asset Quality
Nonperforming Loans / Loans0.27%0.03%0.51%1.26%Beats 58%57 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 49%69 / 134
Capital
Tier 1 Capital Ratio14.85%11.23%13.31%15.45%Beats 67%45 / 135
Total Risk-Based Capital Ratio16.03%11.61%14.06%16.47%Beats 70%41 / 135
Equity / Assets10.40%9.87%11.05%13.07%Beats 39%83 / 135
Liquidity & Funding
Loans / Deposits74.06%68.54%81.55%91.24%34th pctl88 / 134
Loans / Assets64.54%57.61%68.06%76.23%42nd pctl78 / 135
Brokered Deposits / Depositsn/aNot reported for this institution