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Security State Bank

Sutherland, IA · Cert 235 · Old O Brien Banc Shares Inc.

State charter, non-member · FDIC · 5 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 IA3

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 IA (n=134 to 135). 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

31

Q2 2024Q2 2026peer median (50)

Asset Quality

52

Q2 2024Q2 2026peer median (50)

Profitability

93

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

100

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

Sutherland, IA · Cert 235 · Old O Brien Banc Shares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$492.3MAssets
$450.5MLoans
$337.3MDeposits
$54.5MEquity
Loan mix
75%RE $223.6M21%C&I $62.1M4%Consumer $11.3MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $288.5M14%Noninterest $48.8MQ3 2024Q2 2026

Market Position · Waterloo-Cedar Falls, IA · 2026 SOD (annual) · 0.1% share · #23 of 23 inst. · $0.0B of $4.7B

25.9% O'Brien
6.9% Howard
3.7% Chickasaw
0.4% Bremer

Executive Summary

  • Earnings: ROA of 2.14%, up 16 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.23% of loans (-1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.13%, up 82 bps from a year ago.
  • Funding: loans stand at 133.56% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.14%+16 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+31 bps YoY

Efficiency Ratio (YTD, annualized)

28.16%-125 bps YoY

Tier 1 Leverage Ratio

11.13%+82 bps YoY

NIM

6.16%Q2 ’246.35%Q2 ’256.40%Q2 ’26+16%+8%

Non-interest income vs. expense

1.21%Q2 ’241.11%Q2 ’251.15%Q2 ’26+3%+4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.66%1.72%1.93%1.98%2.02%2.05%2.13%2.14%+16 bps
Return on Equity16.90%17.39%19.45%19.77%19.76%19.91%19.80%19.71%-5 bps
Net Interest Margin3.20%3.23%3.75%3.70%3.77%3.75%4.01%4.00%+31 bps
Efficiency Ratio34.35%33.99%29.60%29.41%28.62%28.32%28.64%28.16%-125 bps
Non-Interest Burden0.97%0.98%1.05%1.03%1.02%0.99%1.09%1.07%+4 bps
Growth
Asset Growth (YoY)19.35%13.32%15.22%13.83%9.92%10.90%6.14%7.66%-617 bps
Loan Growth (YoY)19.31%15.85%15.93%15.29%9.43%10.72%6.60%6.50%-879 bps
Deposit Growth (YoY)3.26%0.74%2.25%5.95%7.35%9.32%8.07%9.61%+366 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.17%0.23%0.24%0.34%0.39%0.27%0.23%-1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.09%0.00%0.00%0 bps
Allowance / Loans1.01%1.01%1.01%1.04%1.13%1.06%1.10%1.15%+11 bps
Allowance Coverage of NPLs6.8x6.1x4.3x4.3x3.3x2.7x4.1x5.0x+0.7x
Capital
Tier 1 Leverage Ratio10.25%10.37%10.21%10.31%10.75%10.98%10.85%11.13%+82 bps
Total Risk-Based Capital10.25%10.37%10.21%10.31%10.75%10.98%10.85%11.13%+82 bps
Equity / Assets10.00%10.06%9.77%10.27%10.73%10.72%10.80%11.08%+81 bps
Liquidity & Funding
Loans / Deposits135.23%130.61%133.58%137.45%137.86%132.28%131.75%133.56%-390 bps
Liquid Assets / Assets0.33%0.31%0.23%0.23%0.22%0.22%0.22%0.18%-6 bps
CRE / Total Capitaln/an/an/an/a45.44%44.09%39.57%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

Sutherland, IA · Cert 235 · Peer group: banks under $1B in assets in IA (n=134-135) · Old O Brien Banc Shares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$492.3MAssets
$450.5MLoans
$337.3MDeposits
$54.5MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 100% of banks under $1B in assets in IA (rank 1 of 135).
  • Widest gap: total risk-based capital ratio trails 81% of banks under $1B in assets in IA (rank 109 of 135).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

2.12%

Rank 4 of 135

Net Interest Margin

4.00%

Rank 20 of 135

Efficiency Ratio

28.16%

Rank 1 of 135

Equity / Assets

11.08%

Rank 67 of 135

Non-interest income vs. expense

$0.4M$5.6MINCOMEEXPENSE
Unfavorable gap of $5.2M · efficiency ratio beats 100% of banks under $1B in assets in IA
Bank 28.16%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.12%0.92%1.19%1.47%Beats 97%4 / 135
Return on Equity19.09%7.99%10.26%13.14%Beats 98%3 / 135
Net Interest Margin4.00%2.95%3.41%3.73%Beats 85%20 / 135
Efficiency Ratio28.16%50.61%57.35%63.29%Beats 100%1 / 135
Asset Quality
Nonperforming Loans / Loans0.23%0.03%0.51%1.26%Beats 63%50 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 40%83 / 134
Capital
Tier 1 Capital Ratio11.13%11.23%13.31%15.45%Beats 23%104 / 135
Total Risk-Based Capital Ratio11.13%11.61%14.06%16.47%Beats 19%109 / 135
Equity / Assets11.08%9.87%11.05%13.07%Beats 50%67 / 135
Liquidity & Funding
Loans / Deposits133.56%68.54%81.55%91.24%99th pctl2 / 134
Loans / Assets91.51%57.61%68.06%76.23%99th pctl1 / 135
Brokered Deposits / Depositsn/aNot reported for this institution