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State Savings Bank

West Des Moines, IA · Cert 248 · SSB Holding Co. 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

28

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

74

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

State Savings Bank

West Des Moines, IA · Cert 248 · SSB Holding Co. Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$291.9MAssets
$235.8MLoans
$222.1MDeposits
$25.2MEquity
Loan mix
85%RE $184.5M15%C&I $32.6M0%Consumer $1.0MQ3 2024Q2 2026
Deposit mix
50%Interest-bearing $111.0M50%Noninterest $111.1MQ3 2024Q2 2026

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.6% share · #24 of 57 inst. · $0.2B of $38.0B

0.4% Polk
11.2% Jasper

Executive Summary

  • Earnings: ROA of 1.03%, down 5 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 1.02% of loans (+90 bps YoY), with net charge-offs at 0.53%.
  • Capital: tier 1 leverage ratio of 8.67%, down 55 bps from a year ago.
  • Funding: loans stand at 106.16% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.03%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.56%-18 bps YoY

Efficiency Ratio (YTD, annualized)

54.39%-263 bps YoY

Tier 1 Leverage Ratio

8.67%-55 bps YoY

NIM

5.78%Q2 ’246.15%Q2 ’255.88%Q2 ’26+5%-5%

Non-interest income vs. expense

2.44%Q2 ’242.27%Q2 ’252.05%Q2 ’26-7%-9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.92%0.72%1.00%1.08%1.09%1.05%0.95%1.03%-5 bps
Return on Equity9.58%7.59%11.05%11.99%12.13%11.72%11.68%12.41%+42 bps
Net Interest Margin3.50%3.47%3.62%3.74%3.69%3.64%3.57%3.56%-18 bps
Efficiency Ratio62.73%63.14%59.45%57.02%56.69%57.65%55.58%54.39%-263 bps
Non-Interest Burden2.11%2.10%2.04%2.03%1.99%2.01%1.90%1.85%-18 bps
Growth
Asset Growth (YoY)15.27%13.71%7.49%14.45%11.34%8.56%33.15%12.57%-188 bps
Loan Growth (YoY)16.19%18.20%10.21%17.79%13.66%5.34%4.02%-1.98%-1,977 bps
Deposit Growth (YoY)12.86%15.64%9.48%14.06%12.26%8.07%39.80%17.70%+364 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.17%0.11%0.12%0.13%0.60%1.31%1.02%+90 bps
Net Charge-Offs / Loans0.02%0.02%0.00%0.00%0.04%0.33%0.86%0.53%+53 bps
Allowance / Loans1.54%1.76%1.87%1.63%1.66%1.67%1.61%1.67%+5 bps
Allowance Coverage of NPLs8.4x10.2x17.2x13.7x12.9x2.8x1.2x1.6x-12.0x
Capital
Tier 1 Leverage Ratio9.65%9.26%9.25%9.22%9.05%9.08%8.87%8.67%-55 bps
Total Risk-Based Capital10.80%10.94%11.09%10.63%10.85%11.51%10.62%12.05%+142 bps
Equity / Assets9.54%8.83%9.24%8.96%8.99%8.82%7.52%8.64%-33 bps
Liquidity & Funding
Loans / Deposits125.13%120.42%121.18%127.46%126.69%117.38%90.17%106.16%-2,131 bps
Liquid Assets / Assets5.40%6.39%5.09%4.12%3.86%8.35%25.82%16.55%+1,244 bps
CRE / Total Capitaln/an/an/an/a471%470%446%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

State Savings Bank

West Des Moines, IA · Cert 248 · Peer group: banks under $1B in assets in the Des Moines-West Des Moines, IA area (n=18-19) · SSB Holding Co. Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$291.9MAssets
$235.8MLoans
$222.1MDeposits
$25.2MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 74% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 6 of 19).
  • Widest gap: net charge-offs / loans trails 94% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 18 of 18).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

1.05%

Rank 15 of 19

Net Interest Margin

3.56%

Rank 7 of 19

Efficiency Ratio

54.39%

Rank 6 of 19

Equity / Assets

8.64%

Rank 15 of 19

Non-interest income vs. expense

$0.6M$6.0MINCOMEEXPENSE
Unfavorable gap of $5.4M · efficiency ratio beats 74% of banks under $1B in assets in the Des Moines-West Des Moines, IA area
Bank 54.39%Peer median 57.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.05%1.05%1.15%1.42%Beats 21%15 / 19
Return on Equity12.15%10.97%12.15%13.79%Beats 47%10 / 19
Net Interest Margin3.56%3.08%3.50%3.67%Beats 63%7 / 19
Efficiency Ratio54.39%52.38%57.82%63.73%Beats 74%6 / 19
Asset Quality
Nonperforming Loans / Loans1.02%n/a0.21%0.91%Beats 17%16 / 18
Net Charge-Offs / Loans0.26%0.00%0.01%0.01%Beats 6%18 / 18
Capital
Tier 1 Capital Ratio10.79%10.79%12.38%16.13%Beats 26%14 / 19
Total Risk-Based Capital Ratio12.05%11.60%13.40%17.04%Beats 37%12 / 19
Equity / Assets8.64%8.64%9.66%11.07%Beats 21%15 / 19
Liquidity & Funding
Loans / Deposits106.16%65.91%76.09%88.00%89th pctl2 / 19
Loans / Assets80.77%57.37%63.36%76.16%89th pctl2 / 19
Brokered Deposits / Depositsn/aNot reported for this institution