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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 $1.7MQ3 2024Q2 2026
Deposit mix
57%Interest-bearing $35.1M43%Noninterest $25.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.46%, down 33 bps year over year; NIM at 5.02%.
  • Asset quality: problem loans at 0.59% of loans (+57 bps YoY), with net charge-offs at 0.24%.
  • 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.

Return on Assets (quarter, annualized)

1.46%-33 bps YoY

Net Interest Margin (quarter, annualized)

5.02%-61 bps YoY

Efficiency Ratio (quarter, annualized)

62.22%+341 bps YoY

Tier 1 Leverage Ratio

14.11%-57 bps YoY

NIM

6.47%Q2 ’246.61%Q2 ’255.95%Q2 ’26+5%-11%

Non-interest income vs. expense

3.62%Q2 ’243.49%Q2 ’253.34%Q2 ’26+1%-6%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.80%1.45%1.50%1.79%1.78%1.61%1.55%1.46%-33 bps
Return on Equity13.07%10.72%11.57%13.56%13.08%11.62%11.64%11.35%-221 bps
Net Interest Margin5.74%5.42%5.25%5.63%5.32%5.57%5.23%5.02%-61 bps
Efficiency Ratio60.42%65.30%62.92%58.81%58.72%62.65%61.24%62.22%+341 bps
Non-Interest Burden3.31%3.44%3.19%3.18%2.91%3.36%3.09%2.99%-19 bps
Growth
Asset Growth (YoY)4.26%17.99%7.22%8.67%11.86%3.71%12.79%10.81%+214 bps
Loan Growth (YoY)8.59%1.51%1.25%-0.05%-7.35%0.26%-0.94%-9.42%-937 bps
Deposit Growth (YoY)2.34%19.91%6.87%8.50%12.60%2.50%13.31%11.24%+274 bps
Asset Quality
Nonperforming Loans / Loans0.19%0.00%0.00%0.02%0.54%0.51%0.54%0.59%+57 bps
Net Charge-Offs / Loans0.23%0.04%-0.03%0.02%-0.08%0.24%-0.01%0.24%+22 bps
Allowance / Loans1.68%1.79%1.93%2.05%2.15%2.06%2.23%2.52%+47 bps
Allowance Coverage of NPLs8.8xn/an/a107.1x4.0x4.1x4.1x4.3x-102.9x
Capital
Tier 1 Leverage Ratio15.40%14.80%13.90%14.68%14.82%14.99%13.96%14.11%-57 bps
Total Risk-Based Capital22.14%23.29%22.98%24.19%24.48%24.42%24.06%26.79%+260 bps
Equity / Assets14.34%12.83%13.06%13.35%13.81%13.88%12.70%13.03%-32 bps
Liquidity & Funding
Loans / Deposits79.54%67.66%69.38%66.63%65.45%66.18%60.65%54.26%-1,237 bps
Liquid Assets / Assets7.28%20.22%18.36%21.26%18.41%17.03%23.38%28.85%+759 bps
CRE / Total Capitaln/an/an/an/a163.29%179.76%196.46%n/an/a