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Security State Bank, The

McRae-Helena, GA · Cert 19680 · Farmers Bancshares Inc.

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 GA3

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 GA (n=58 to 59). 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

83

Q2 2024Q2 2026peer median (50)

Asset Quality

27

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

29

Q2 2024Q2 2026peer median

Efficiency

41

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

Security State Bank, The

McRae-Helena, GA · Cert 19680 · Farmers Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 1 branch (4 in holding)

Q2 2026

$70.5MAssets
$33.1MLoans
$61.0MDeposits
$9.2MEquity
Loan mix
83%RE $30.6M12%C&I $4.5M5%Consumer $1.7MQ2 2025Q2 2026
Deposit mix
57%Interest-bearing $35.1M43%Noninterest $25.9MQ2 2025Q2 2026

NIM

6.26%Q2 ’246.52%Q2 ’255.99%Q2 ’26+3%-8%

Non-interest income vs. expense

3.63%Q2 ’243.53%Q2 ’253.33%Q2 ’26+0%-6%

Executive Summary

  • Earnings: ROA of 1.51%, down 13 bps year over year; NIM at 5.07%.
  • Asset quality: problem loans at 0.59% of loans (+57 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 14.11%, down 57 bps from a year ago.
  • Funding: loans stand at 54.26% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.51%-13 bps YoY

Net Interest Margin (YTD, annualized)

5.07%-41 bps YoY

Efficiency Ratio (YTD, annualized)

61.73%+91 bps YoY

Tier 1 Leverage Ratio

14.11%-57 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.63%1.68%1.66%1.55%1.51%-13 bps
Return on Equity12.48%12.64%12.40%11.64%11.41%-107 bps
Net Interest Margin5.48%5.32%5.29%5.23%5.07%-41 bps
Efficiency Ratio60.82%60.10%60.77%61.24%61.73%+91 bps
Non-Interest Burden3.21%3.05%3.07%3.09%3.01%-20 bps
Growth
Asset Growth (YoY)8.67%11.86%3.71%12.79%10.81%+214 bps
Loan Growth (YoY)-0.05%-7.35%0.26%-0.94%-9.42%-937 bps
Deposit Growth (YoY)8.50%12.60%2.50%13.31%11.24%+274 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.54%0.51%0.54%0.59%+57 bps
Net Charge-Offs / Loans-0.01%-0.03%0.04%-0.01%0.11%+12 bps
Allowance / Loans2.05%2.15%2.06%2.23%2.52%+47 bps
Allowance Coverage of NPLs107.1x4.0x4.1x4.1x4.3x-102.9x
Capital
Tier 1 Leverage Ratio14.68%14.82%14.99%13.96%14.11%-57 bps
Total Risk-Based Capital24.19%24.48%24.42%24.06%26.79%+260 bps
Equity / Assets13.35%13.81%13.88%12.70%13.03%-32 bps
Liquidity & Funding
Loans / Deposits66.63%65.45%66.18%60.65%54.26%-1,237 bps
Liquid Assets / Assets21.26%18.41%17.03%23.38%28.85%+759 bps
CRE / Total Capitaln/a163.29%179.76%196.46%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

Security State Bank, The

McRae-Helena, GA · Cert 19680 · Peer group: banks under $1B in assets in GA (n=58-59) · Farmers Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 1 branch (4 in holding)

Q2 2026

$70.5MAssets
$33.1MLoans
$61.0MDeposits
$9.2MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 90% of banks under $1B in assets in GA (rank 6 of 59).
  • Widest gap: net charge-offs / loans trails 84% of banks under $1B in assets in GA (rank 50 of 58).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.48%

Rank 28 of 59

Net Interest Margin

5.07%

Rank 7 of 59

Efficiency Ratio

61.73%

Rank 36 of 59

Equity / Assets

13.03%

Rank 18 of 59

Non-interest income vs. expense

$0.2M$2.3MINCOMEEXPENSE
Unfavorable gap of $2.1M · efficiency ratio beats 41% of banks under $1B in assets in GA
Bank 61.73%Peer median 60.2%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.48%0.94%1.46%1.76%Beats 53%28 / 59
Return on Equity11.39%7.92%11.60%15.10%Beats 47%31 / 59
Net Interest Margin5.07%3.66%4.24%4.75%Beats 88%7 / 59
Efficiency Ratio61.73%51.87%60.25%70.24%Beats 41%36 / 59
Asset Quality
Nonperforming Loans / Loans0.59%0.10%0.36%0.89%Beats 38%37 / 58
Net Charge-Offs / Loans0.10%0.00%0.02%0.05%Beats 16%50 / 58
Capital
Tier 1 Capital Ratio25.53%11.93%15.65%21.05%Beats 90%6 / 59
Total Risk-Based Capital Ratio26.79%12.05%15.77%22.26%Beats 90%6 / 59
Equity / Assets13.03%9.10%11.51%14.32%Beats 69%18 / 59
Liquidity & Funding
Loans / Deposits54.26%59.62%72.81%85.44%14th pctl50 / 58
Loans / Assets47.00%49.55%64.39%73.73%17th pctl49 / 59
Brokered Deposits / Depositsn/aNot reported for this institution