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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

$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

4.19%Q2 ’244.40%Q2 ’254.48%Q2 ’26+16%+8%

Non-interest income vs. expense

3.09%Q2 ’243.08%Q2 ’253.13%Q2 ’26-2%+3%

Executive Summary

  • Earnings: ROA of 0.53%, down 23 bps year over year; NIM at 3.38%.
  • 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 (quarter, annualized)

0.53%-23 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+26 bps YoY

Efficiency Ratio (quarter, annualized)

80.41%-387 bps YoY

Tier 1 Leverage Ratio

10.03%+67 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.76%0.39%0.63%0.36%0.53%-23 bps
Return on Equity8.53%4.02%6.41%3.66%5.21%-332 bps
Net Interest Margin3.12%3.16%3.27%3.24%3.38%+26 bps
Efficiency Ratio84.28%87.81%82.10%87.99%80.41%-387 bps
Non-Interest Burden2.49%2.66%2.54%2.74%2.57%+7 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 / Loans0.02%0.06%0.00%0.01%0.00%-2 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