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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

$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

4.98%Q2 ’245.33%Q2 ’255.27%Q2 ’26+32%+8%

Non-interest income vs. expense

2.05%Q2 ’242.00%Q2 ’252.16%Q2 ’26-9%+15%

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 0.86%, down 2 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.16% of loans (-101 bps YoY), with net recoveries of 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 (quarter, annualized)

0.86%-2 bps YoY

Net Interest Margin (quarter, annualized)

3.04%+23 bps YoY

Efficiency Ratio (quarter, annualized)

65.17%+208 bps YoY

Tier 1 Leverage Ratio

12.33%+13 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.78%0.78%0.82%0.86%-2 bps
Return on Equity10.60%9.08%8.42%8.72%8.98%-162 bps
Net Interest Margin2.81%2.86%2.90%2.87%3.04%+23 bps
Efficiency Ratio63.09%63.88%65.05%67.96%65.17%+208 bps
Non-Interest Burden1.64%1.72%1.76%1.85%1.88%+24 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%0.03%0.02%-0.01%+1 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