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Pinnacle Bank

Marshalltown, IA · Cert 252 · Iowa River Bcorp Inc.

State charter, Fed member · FED · 1 branch

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

82

Q2 2024Q2 2026peer median (50)

Asset Quality

27

Q2 2024Q2 2026peer median (50)

Profitability

71

Q2 2024Q2 2026peer median (50)

Liquidity

89

Q2 2024Q2 2026peer median

Efficiency

90

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

Pinnacle Bank

Marshalltown, IA · Cert 252 · Iowa River Bcorp Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$324.4MAssets
$210.1MLoans
$268.2MDeposits
$42.4MEquity
Loan mix
85%RE $177.2M13%C&I $27.1M2%Consumer $3.4MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $224.5M16%Noninterest $43.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.72%, up 37 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.75% of loans (-142 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 14.66%, up 33 bps from a year ago.
  • Funding: loans stand at 78.32% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.72%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+31 bps YoY

Efficiency Ratio (YTD, annualized)

43.40%-784 bps YoY

Tier 1 Leverage Ratio

14.66%+33 bps YoY

NIM

5.34%Q2 ’245.03%Q2 ’254.92%Q2 ’26-4%+10%

Non-interest income vs. expense

1.85%Q2 ’241.90%Q2 ’251.77%Q2 ’26+2%-15%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.08%1.27%1.36%1.50%1.51%1.63%1.72%+37 bps
Return on Equity11.10%8.48%10.63%11.28%12.39%12.28%12.71%13.34%+207 bps
Net Interest Margin3.26%3.08%3.02%3.13%3.30%3.21%3.37%3.44%+31 bps
Efficiency Ratio47.48%50.58%52.74%51.24%47.95%47.94%45.01%43.40%-784 bps
Non-Interest Burden1.21%1.23%1.30%1.28%1.23%1.20%1.14%1.09%-19 bps
Growth
Asset Growth (YoY)-0.04%-5.11%-0.39%0.56%4.70%5.20%3.09%8.59%+803 bps
Loan Growth (YoY)2.88%-5.48%-5.60%-0.98%-0.53%1.91%1.63%0.21%+119 bps
Deposit Growth (YoY)-1.63%-6.14%-0.20%1.89%7.01%6.91%3.69%3.73%+184 bps
Asset Quality
Nonperforming Loans / Loans1.50%0.21%2.23%2.17%2.04%2.05%1.98%0.75%-142 bps
Net Charge-Offs / Loans0.01%0.64%0.03%0.01%0.05%0.04%0.38%0.23%+23 bps
Allowance / Loans1.16%0.99%1.00%1.03%1.02%1.06%0.99%1.03%0 bps
Allowance Coverage of NPLs0.8x4.6x0.4x0.5x0.5x0.5x0.5x1.4x+0.9x
Capital
Tier 1 Leverage Ratio13.69%13.93%14.06%14.33%14.66%13.99%14.68%14.66%+33 bps
Total Risk-Based Capital17.10%17.55%17.43%17.91%17.97%18.15%18.91%19.17%+126 bps
Equity / Assets12.38%12.09%11.90%12.13%12.43%12.89%12.80%13.07%+94 bps
Liquidity & Funding
Loans / Deposits83.25%84.21%80.27%81.07%77.39%80.27%78.68%78.32%-275 bps
Liquid Assets / Assets4.12%2.51%5.03%3.38%7.97%3.31%6.51%2.94%-44 bps
CRE / Total Capitaln/an/an/an/a336%335%334%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

Pinnacle Bank

Marshalltown, IA · Cert 252 · Peer group: banks under $1B in assets in IA (n=134-135) · Iowa River Bcorp Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$324.4MAssets
$210.1MLoans
$268.2MDeposits
$42.4MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 90% of banks under $1B in assets in IA (rank 14 of 135).
  • Widest gap: net charge-offs / loans trails 87% of banks under $1B in assets in IA (rank 117 of 134).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.67%

Rank 17 of 135

Net Interest Margin

3.44%

Rank 63 of 135

Efficiency Ratio

43.40%

Rank 14 of 135

Equity / Assets

13.07%

Rank 34 of 135

Non-interest income vs. expense

$2.2M$5.7MINCOMEEXPENSE
Unfavorable gap of $3.5M · efficiency ratio beats 90% of banks under $1B in assets in IA
Bank 43.40%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.67%0.92%1.19%1.47%Beats 87%17 / 135
Return on Equity12.80%7.99%10.26%13.14%Beats 73%37 / 135
Net Interest Margin3.44%2.95%3.41%3.73%Beats 53%63 / 135
Efficiency Ratio43.40%50.61%57.35%63.29%Beats 90%14 / 135
Asset Quality
Nonperforming Loans / Loans0.75%0.03%0.51%1.26%Beats 41%80 / 134
Net Charge-Offs / Loans0.12%n/a0.01%0.03%Beats 13%117 / 134
Capital
Tier 1 Capital Ratio18.22%11.23%13.31%15.45%Beats 86%19 / 135
Total Risk-Based Capital Ratio19.17%11.61%14.06%16.47%Beats 86%19 / 135
Equity / Assets13.07%9.87%11.05%13.07%Beats 75%34 / 135
Liquidity & Funding
Loans / Deposits78.32%68.54%81.55%91.24%44th pctl75 / 134
Loans / Assets64.75%57.61%68.06%76.23%44th pctl76 / 135
Brokered Deposits / Depositsn/aNot reported for this institution