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Letter portraitLegal landscapeQuarterYTD

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 $2.3MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $41.0M25%Noninterest $13.7MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.57%-0.07%0.58%0.50%0.68%0.25%1.12%1.06%+56 bps
Return on Equity4.50%-0.51%4.04%3.41%4.52%1.65%7.35%6.87%+346 bps
Net Interest Margin3.12%3.45%2.39%3.06%3.40%3.47%3.62%3.70%+64 bps
Efficiency Ratio66.02%69.10%77.68%68.95%67.99%69.79%65.38%66.99%-196 bps
Non-Interest Burden1.83%2.14%1.57%1.83%2.00%2.13%2.08%2.22%+39 bps
Growth
Asset Growth (YoY)-4.87%-13.75%-12.23%-8.92%-9.05%-1.34%-0.16%-2.74%+618 bps
Loan Growth (YoY)0.99%-4.65%-10.14%-11.40%-11.26%-6.34%-2.27%-6.05%+535 bps
Deposit Growth (YoY)-11.96%-12.77%-14.64%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.24%1.29%1.43%1.47%1.47%1.34%1.42%1.56%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.32%13.05%12.74%12.21%13.50%12.34%11.80%12.25%+4 bps
Total Risk-Based Capital18.35%17.69%19.67%19.82%20.41%17.81%19.07%20.13%+32 bps
Equity / Assets14.41%14.33%14.26%15.00%16.44%15.66%14.81%15.79%+80 bps
Liquidity & Funding
Loans / Deposits71.22%74.27%63.52%61.37%68.53%71.47%62.47%59.71%-166 bps
Liquid Assets / Assets1.96%1.57%13.99%17.40%9.83%12.10%19.93%15.38%-202 bps
CRE / Total Capitaln/an/an/an/a36.34%46.57%42.50%n/an/a