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First Security Bank

Mapleton, IA · Cert 251 · Beulah Bcorp 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 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

87

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

22

Q2 2024Q2 2026peer median

Efficiency

19

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

First Security Bank

Mapleton, IA · Cert 251 · Beulah Bcorp Inc.

State charter, non-member · FDIC · 1 affiliate bank · 2 branches (4 in holding)

Q2 2026

$65.2MAssets
$32.7MLoans
$54.7MDeposits
$10.3MEquity
Loan mix
82%RE $21.4M9%C&I $2.3M9%Consumer $2.3MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $41.0M25%Noninterest $13.7MQ2 2025Q2 2026

NIM

4.15%Q2 ’243.75%Q2 ’254.18%Q2 ’26-1%+21%

Non-interest income vs. expense

2.22%Q2 ’242.40%Q2 ’252.63%Q2 ’26-1%+21%

Market Position · Sioux City, IA-NE-SD · 2026 SOD (annual) · 0.4% share · #25 of 28 inst. · $0.0B of $4.6B

9.4% Monona
0.5% Woodbury

Executive Summary

  • Earnings: ROA of 1.06%, up 56 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.25%, up 4 bps from a year ago.
  • Funding: loans stand at 59.71% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.06%+56 bps YoY

Net Interest Margin (YTD, annualized)

3.70%+64 bps YoY

Efficiency Ratio (YTD, annualized)

66.99%-196 bps YoY

Tier 1 Leverage Ratio

12.25%+4 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.50%0.68%0.25%1.12%1.06%+56 bps
Return on Equity3.41%4.52%1.65%7.35%6.87%+346 bps
Net Interest Margin3.06%3.40%3.47%3.62%3.70%+64 bps
Efficiency Ratio68.95%67.99%69.79%65.38%66.99%-196 bps
Non-Interest Burden1.83%2.00%2.13%2.08%2.22%+39 bps
Growth
Asset Growth (YoY)-8.92%-9.05%-1.34%-0.16%-2.74%+618 bps
Loan Growth (YoY)-11.40%-11.26%-6.34%-2.27%-6.05%+535 bps
Deposit Growth (YoY)-12.12%-7.77%-2.68%-0.63%-3.44%+869 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.47%1.47%1.34%1.42%1.56%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.21%13.50%12.34%11.80%12.25%+4 bps
Total Risk-Based Capital19.82%20.41%17.81%19.07%20.13%+32 bps
Equity / Assets15.00%16.44%15.66%14.81%15.79%+80 bps
Liquidity & Funding
Loans / Deposits61.37%68.53%71.47%62.47%59.71%-166 bps
Liquid Assets / Assets17.40%9.83%12.10%19.93%15.38%-202 bps
CRE / Total Capitaln/a36.34%46.57%42.50%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

First Security Bank

Mapleton, IA · Cert 251 · Peer group: banks under $1B in assets in IA (n=134-135) · Beulah Bcorp Inc.

State charter, non-member · FDIC · 1 affiliate bank · 2 branches (4 in holding)

Q2 2026

$65.2MAssets
$32.7MLoans
$54.7MDeposits
$10.3MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: return on equity trails 85% of banks under $1B in assets in IA (rank 115 of 135).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.06%

Rank 83 of 135

Net Interest Margin

3.70%

Rank 37 of 135

Efficiency Ratio

66.99%

Rank 110 of 135

Equity / Assets

15.79%

Rank 16 of 135

Non-interest income vs. expense

$0.3M$1.8MINCOMEEXPENSE
Unfavorable gap of $1.5M · efficiency ratio beats 19% of banks under $1B in assets in IA
Bank 66.99%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.06%0.92%1.19%1.47%Beats 39%83 / 135
Return on Equity6.72%7.99%10.26%13.14%Beats 15%115 / 135
Net Interest Margin3.70%2.95%3.41%3.73%Beats 73%37 / 135
Efficiency Ratio66.99%50.61%57.35%63.29%Beats 19%110 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio18.88%11.23%13.31%15.45%Beats 87%17 / 135
Total Risk-Based Capital Ratio20.13%11.61%14.06%16.47%Beats 87%17 / 135
Equity / Assets15.79%9.87%11.05%13.07%Beats 88%16 / 135
Liquidity & Funding
Loans / Deposits59.71%68.54%81.55%91.24%13th pctl116 / 134
Loans / Assets50.06%57.61%68.06%76.23%16th pctl114 / 135
Brokered Deposits / Depositsn/aNot reported for this institution