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Guthrie County State Bank

Panora, IA · Cert 226 · Guthrie County Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Des Moines-West Des Moines, IA area3

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 the Des Moines-West Des Moines, IA area (n=18 to 19). 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

72

Q2 2024Q2 2026peer median (50)

Asset Quality

50

Q2 2024Q2 2026peer median (50)

Profitability

4

Q2 2024Q2 2026peer median (50)

Liquidity

100

Q2 2024Q2 2026peer median

Efficiency

16

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 2026-10-10

Guthrie County State Bank

Panora, IA · Cert 226 · Guthrie County Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$279.2MAssets
$159.3MLoans
$209.3MDeposits
$27.7MEquity
Loan mix
78%RE $104.6M17%C&I $23.3M5%Consumer $6.6MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $174.5M17%Noninterest $34.9MQ2 2025Q2 2026

NIM

4.90%Q2 ’245.18%Q2 ’255.17%Q2 ’26+26%+12%

Non-interest income vs. expense

2.00%Q2 ’241.98%Q2 ’252.15%Q2 ’26-3%+11%

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.6% share · #26 of 57 inst. · $0.2B of $38.0B

Executive Summary

  • Earnings: ROA of 0.84%, up 10 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.16% of loans (-101 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.33%, up 13 bps from a year ago.
  • Funding: loans stand at 76.09% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.84%+10 bps YoY

Net Interest Margin (YTD, annualized)

2.93%+31 bps YoY

Efficiency Ratio (YTD, annualized)

66.53%-87 bps YoY

Tier 1 Leverage Ratio

12.33%+13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.74%0.75%0.76%0.82%0.84%+10 bps
Return on Equity8.88%8.87%8.77%8.72%8.79%-10 bps
Net Interest Margin2.62%2.66%2.69%2.87%2.93%+31 bps
Efficiency Ratio67.40%66.15%65.85%67.96%66.53%-87 bps
Non-Interest Burden1.66%1.66%1.66%1.85%1.85%+19 bps
Growth
Asset Growth (YoY)4.04%0.21%2.59%1.71%1.64%-240 bps
Loan Growth (YoY)13.95%13.73%9.96%6.69%2.72%-1,123 bps
Deposit Growth (YoY)-1.45%-3.64%2.11%-0.90%1.60%+304 bps
Asset Quality
Nonperforming Loans / Loans1.17%0.07%0.23%0.17%0.16%-101 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%0.02%0.01%+2 bps
Allowance / Loans1.18%1.19%1.26%1.31%1.26%+9 bps
Allowance Coverage of NPLs1.0x16.1x5.5x7.8x7.8x+6.8x
Capital
Tier 1 Leverage Ratio12.20%12.14%12.06%12.47%12.33%+13 bps
Total Risk-Based Capital18.28%18.15%17.99%18.44%17.72%-55 bps
Equity / Assets8.33%8.93%9.60%9.19%9.93%+160 bps
Liquidity & Funding
Loans / Deposits75.26%80.34%79.36%71.51%76.09%+83 bps
Liquid Assets / Assets0.43%0.30%0.32%5.51%1.07%+64 bps
CRE / Total Capitaln/a83.06%81.56%84.69%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 2026-10-10

Guthrie County State Bank

Panora, IA · Cert 226 · Peer group: banks under $1B in assets in the Des Moines-West Des Moines, IA area (n=18-19) · Guthrie County Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$279.2MAssets
$159.3MLoans
$209.3MDeposits
$27.7MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 79% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 4 of 19).
  • Widest gap: return on equity trails 100% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 19 of 19).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.85%

Rank 19 of 19

Net Interest Margin

2.93%

Rank 17 of 19

Efficiency Ratio

66.53%

Rank 17 of 19

Equity / Assets

9.93%

Rank 8 of 19

Non-interest income vs. expense

$0.8M$6.0MINCOMEEXPENSE
Unfavorable gap of $5.2M · efficiency ratio beats 16% of banks under $1B in assets in the Des Moines-West Des Moines, IA area
Bank 66.53%Peer median 57.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.85%1.05%1.15%1.42%Beats 0%19 / 19
Return on Equity8.53%10.97%12.15%13.79%Beats 0%19 / 19
Net Interest Margin2.93%3.08%3.50%3.67%Beats 11%17 / 19
Efficiency Ratio66.53%52.38%57.82%63.73%Beats 16%17 / 19
Asset Quality
Nonperforming Loans / Loans0.16%n/a0.21%0.91%Beats 56%9 / 18
Net Charge-Offs / Loans0.01%0.00%0.01%0.01%Beats 44%11 / 18
Capital
Tier 1 Capital Ratio16.71%10.79%12.38%16.13%Beats 79%4 / 19
Total Risk-Based Capital Ratio17.72%11.60%13.40%17.04%Beats 79%4 / 19
Equity / Assets9.93%8.64%9.66%11.07%Beats 58%8 / 19
Liquidity & Funding
Loans / Deposits76.09%65.91%76.09%88.00%47th pctl10 / 19
Loans / Assets57.04%57.37%63.36%76.16%16th pctl16 / 19
Brokered Deposits / Depositsn/aNot reported for this institution