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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

5.16%Q2 ’244.92%Q2 ’254.74%Q2 ’26-6%+7%

Non-interest income vs. expense

1.66%Q2 ’241.79%Q2 ’251.74%Q2 ’26+9%-2%

Executive Summary

  • Earnings: ROA of 1.85%, up 21 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 6.94% of loans (+261 bps YoY), with net recoveries of 0.05%.
  • 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 (quarter, annualized)

1.85%+21 bps YoY

Net Interest Margin (quarter, annualized)

3.80%+23 bps YoY

Efficiency Ratio (quarter, annualized)

42.27%-365 bps YoY

Tier 1 Leverage Ratio

14.87%+56 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.64%1.33%2.02%1.63%1.85%+21 bps
Return on Equity12.04%9.45%13.84%11.35%12.91%+87 bps
Net Interest Margin3.57%3.15%4.02%3.61%3.80%+23 bps
Efficiency Ratio45.92%52.50%42.50%46.21%42.27%-365 bps
Non-Interest Burden1.44%1.45%1.47%1.47%1.41%-3 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 / Loans0.00%0.00%0.18%-0.02%-0.05%-5 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