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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