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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 $7.5MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $393.7M16%Noninterest $75.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.27%0.11%0.44%0.42%0.48%0.36%0.45%+1 bps
Return on Equity2.83%3.25%1.34%5.00%4.66%5.14%3.66%4.42%-57 bps
Net Interest Margin2.70%2.77%2.94%3.03%3.11%3.12%3.24%3.31%+28 bps
Efficiency Ratio98.40%95.80%95.73%89.84%89.15%87.32%87.99%84.12%-572 bps
Non-Interest Burden2.62%2.60%2.75%2.62%2.67%2.61%2.74%2.65%+3 bps
Growth
Asset Growth (YoY)-2.04%-4.51%0.72%-0.66%-2.47%0.69%-3.98%-2.03%-137 bps
Loan Growth (YoY)-5.42%-3.78%1.09%-1.05%-0.13%-1.49%-3.96%-1.45%-40 bps
Deposit Growth (YoY)-3.57%-4.25%0.26%-1.31%-3.48%-1.55%-6.60%-4.03%-272 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.13%0.21%0.11%0.16%0.18%0.18%0.27%+16 bps
Net Charge-Offs / Loans0.04%0.03%-0.03%0.00%0.02%0.01%0.01%0.00%0 bps
Allowance / Loans1.48%1.41%1.37%1.26%1.24%1.19%1.17%1.24%-2 bps
Allowance Coverage of NPLs11.5x10.5x6.4x11.4x7.9x6.5x6.5x4.5x-6.9x
Capital
Tier 1 Leverage Ratio9.00%9.02%9.12%9.36%9.68%9.71%9.93%10.03%+67 bps
Total Risk-Based Capital14.20%14.26%14.10%14.81%15.32%15.46%15.54%16.03%+122 bps
Equity / Assets8.82%8.58%8.57%9.37%9.86%9.92%9.99%10.40%+103 bps
Liquidity & Funding
Loans / Deposits70.23%73.51%71.90%72.13%72.67%73.56%73.94%74.06%+193 bps
Liquid Assets / Assets3.47%3.35%5.60%5.17%5.72%7.17%5.58%3.00%-218 bps
CRE / Total Capitaln/an/an/an/a147.43%146.30%139.38%n/an/a