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Solon State Bank

Solon, IA · Cert 232 · Solon Financial Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

91

Q2 2024Q2 2026peer median (50)

Asset Quality

2

Q2 2024Q2 2026peer median (50)

Profitability

30

Q2 2024Q2 2026peer median (50)

Liquidity

19

Q2 2024Q2 2026peer median

Efficiency

97

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

Solon State Bank

Solon, IA · Cert 232 · Solon Financial Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$122.5MAssets
$86.6MLoans
$90.3MDeposits
$27.9MEquity
Loan mix
65%RE $53.2M33%C&I $27.5M2%Consumer $1.7MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $66.1M27%Noninterest $24.2MQ2 2025Q2 2026

NIM

5.53%Q2 ’246.04%Q2 ’255.81%Q2 ’26+13%-2%

Non-interest income vs. expense

2.00%Q2 ’241.98%Q2 ’251.93%Q2 ’26-11%-8%

Market Position · Iowa City, IA · 2026 SOD (annual) · 1.3% share · #11 of 20 inst. · $0.1B of $5.9B

1.5% Johnson
0.2% Linn

Executive Summary

  • Earnings: ROA of 0.05%, down 194 bps year over year; NIM at 4.36%.
  • Asset quality: problem loans at 11.69% of loans (+546 bps YoY), with net charge-offs at 0.91%.
  • Capital: tier 1 leverage ratio of 23.00%, up 9 bps from a year ago.
  • Funding: loans stand at 95.94% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.05%-194 bps YoY

Net Interest Margin (YTD, annualized)

4.36%-11 bps YoY

Efficiency Ratio (YTD, annualized)

39.60%-84 bps YoY

Tier 1 Leverage Ratio

23.00%+9 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.99%2.04%2.30%2.31%0.05%-194 bps
Return on Equity9.44%9.56%10.57%9.96%0.22%-922 bps
Net Interest Margin4.47%4.61%4.78%4.41%4.36%-11 bps
Efficiency Ratio40.44%40.46%39.26%39.62%39.60%-84 bps
Non-Interest Burden1.55%1.60%1.55%1.36%1.42%-13 bps
Growth
Asset Growth (YoY)-2.78%-0.34%-2.01%-1.24%-1.92%+86 bps
Loan Growth (YoY)5.81%9.12%4.83%6.18%9.01%+320 bps
Deposit Growth (YoY)-10.78%-7.16%-9.91%4.63%5.81%+1,659 bps
Asset Quality
Nonperforming Loans / Loans6.23%5.54%4.87%7.05%11.69%+546 bps
Net Charge-Offs / Loans0.00%0.00%0.26%0.00%0.91%+92 bps
Allowance / Loans0.90%1.00%0.71%0.75%2.22%+133 bps
Allowance Coverage of NPLs0.1x0.2x0.1x0.1x0.2x0.0x
Capital
Tier 1 Leverage Ratio22.92%23.68%24.27%24.31%23.00%+9 bps
Total Risk-Based Capital22.92%23.68%24.27%24.31%23.00%+9 bps
Equity / Assets21.81%22.42%23.00%23.35%22.76%+95 bps
Liquidity & Funding
Loans / Deposits93.13%96.69%100.34%95.05%95.94%+281 bps
Liquid Assets / Assets0.08%0.02%0.11%0.07%0.16%+8 bps
CRE / Total Capitaln/a128.42%131.03%123.92%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

Solon State Bank

Solon, IA · Cert 232 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Solon Financial Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$122.5MAssets
$86.6MLoans
$90.3MDeposits
$27.9MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 97% of banks under $1B in assets operating in a single state (rank 20 of 746).
  • Widest gap: nonperforming loans / loans trails 100% of banks under $1B in assets operating in a single state (rank 742 of 743).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.05%

Rank 718 of 746

Net Interest Margin

4.36%

Rank 129 of 746

Efficiency Ratio

39.60%

Rank 20 of 746

Equity / Assets

22.76%

Rank 24 of 746

Non-interest income vs. expense

$0.6M$2.5MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 97% of banks under $1B in assets operating in a single state
Bank 39.60%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.05%0.72%1.06%1.45%Beats 4%718 / 746
Return on Equity0.22%6.74%10.51%13.63%Beats 4%718 / 746
Net Interest Margin4.36%3.17%3.68%4.16%Beats 83%129 / 746
Efficiency Ratio39.60%55.74%64.58%75.47%Beats 97%20 / 746
Asset Quality
Nonperforming Loans / Loans11.69%0.09%0.42%1.07%Beats 0%742 / 743
Net Charge-Offs / Loans0.46%0.00%0.01%0.05%Beats 3%723 / 743
Capital
Tier 1 Capital Ratio23.00%11.55%13.75%17.60%Beats 89%84 / 746
Total Risk-Based Capital Ratio23.00%11.71%14.33%18.43%Beats 87%98 / 746
Equity / Assets22.76%8.90%10.51%13.06%Beats 97%24 / 746
Liquidity & Funding
Loans / Deposits95.94%61.31%78.27%90.78%86th pctl107 / 746
Loans / Assets70.74%53.60%66.97%76.08%59th pctl306 / 746
Brokered Deposits / Depositsn/aNot reported for this institution