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Montezuma State Bank

Montezuma, IA · Cert 1860 · Chief Iowa Investment Corp.

State charter, non-member · FDIC · 1 branch

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

71

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

87

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

Montezuma State Bank

Montezuma, IA · Cert 1860 · Chief Iowa Investment Corp.

State charter, non-member · FDIC · 1 branch

Q2 2026

$54.6MAssets
$23.0MLoans
$46.2MDeposits
$8.1MEquity
Loan mix
56%RE $10.2M26%C&I $4.7M18%Consumer $3.2MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $36.4M21%Noninterest $9.8MQ2 2025Q2 2026

NIM

4.93%Q2 ’244.79%Q2 ’254.67%Q2 ’26-4%+9%

Non-interest income vs. expense

1.70%Q2 ’241.82%Q2 ’251.78%Q2 ’26-50%+109%

Executive Summary

  • Earnings: ROA of 1.75%, down 36 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 6.94% of loans (+261 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 14.87%, up 56 bps from a year ago.
  • Funding: loans stand at 49.91% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.75%-36 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+30 bps YoY

Efficiency Ratio (YTD, annualized)

44.20%+386 bps YoY

Tier 1 Leverage Ratio

14.87%+56 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.11%1.85%1.89%1.63%1.75%-36 bps
Return on Equity15.51%13.41%13.54%11.35%12.08%-343 bps
Net Interest Margin3.41%3.32%3.45%3.61%3.71%+30 bps
Efficiency Ratio40.34%43.77%43.44%46.21%44.20%+386 bps
Non-Interest Burden0.69%0.94%1.06%1.47%1.44%+75 bps
Growth
Asset Growth (YoY)1.47%-0.48%2.79%3.55%0.78%-70 bps
Loan Growth (YoY)1.22%3.71%1.88%-1.86%3.69%+247 bps
Deposit Growth (YoY)0.05%-2.13%1.54%3.10%-0.49%-53 bps
Asset Quality
Nonperforming Loans / Loans4.33%3.37%5.39%6.04%6.94%+261 bps
Net Charge-Offs / Loans0.15%0.10%0.12%-0.02%-0.03%-19 bps
Allowance / Loans2.24%2.18%2.05%2.20%2.17%-7 bps
Allowance Coverage of NPLs0.5x0.6x0.4x0.4x0.3x-0.2x
Capital
Tier 1 Leverage Ratio14.31%14.63%14.47%14.34%14.87%+56 bps
Total Risk-Based Capital14.31%14.63%14.47%14.34%14.87%+56 bps
Equity / Assets13.80%14.37%14.78%13.88%14.75%+95 bps
Liquidity & Funding
Loans / Deposits47.90%49.54%52.60%47.47%49.91%+201 bps
Liquid Assets / Assets32.88%34.10%30.66%34.46%34.69%+180 bps
CRE / Total Capitaln/a72.80%73.62%81.72%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

Montezuma State Bank

Montezuma, IA · Cert 1860 · Peer group: banks under $1B in assets in IA (n=134-135) · Chief Iowa Investment Corp.

State charter, non-member · FDIC · 1 branch

Q2 2026

$54.6MAssets
$23.0MLoans
$46.2MDeposits
$8.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IA (rank 45 of 134).
  • Widest gap: nonperforming loans / loans trails 99% of banks under $1B in assets in IA (rank 133 of 134).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.75%

Rank 13 of 135

Net Interest Margin

3.71%

Rank 36 of 135

Efficiency Ratio

44.20%

Rank 18 of 135

Equity / Assets

14.75%

Rank 23 of 135

Non-interest income vs. expense

$184K$976KINCOMEEXPENSE
Unfavorable gap of $792K · efficiency ratio beats 87% of banks under $1B in assets in IA
Bank 44.20%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.75%0.92%1.19%1.47%Beats 90%13 / 135
Return on Equity11.85%7.99%10.26%13.14%Beats 63%50 / 135
Net Interest Margin3.71%2.95%3.41%3.73%Beats 73%36 / 135
Efficiency Ratio44.20%50.61%57.35%63.29%Beats 87%18 / 135
Asset Quality
Nonperforming Loans / Loans6.94%0.03%0.51%1.26%Beats 1%133 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio14.87%11.23%13.31%15.45%Beats 67%44 / 135
Total Risk-Based Capital Ratio14.87%11.61%14.06%16.47%Beats 62%51 / 135
Equity / Assets14.75%9.87%11.05%13.07%Beats 83%23 / 135
Liquidity & Funding
Loans / Deposits49.91%68.54%81.55%91.24%6th pctl126 / 134
Loans / Assets42.20%57.61%68.06%76.23%7th pctl125 / 135
Brokered Deposits / Depositsn/aNot reported for this institution