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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

$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