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Letter portraitLegal landscapeQuarterYTD

Security Federal Savings Bank

Logansport, IN · Cert 28894 · Security Federal Mutual Bcorp

State savings bank · OCC · 8 branches

Q2 2026

$464.4MAssets
$390.0MLoans
$400.4MDeposits
$47.4MEquity
Loan mix
95%RE $353.5M4%C&I $16.0M1%Consumer $2.6MQ3 2024Q2 2026
Deposit mix
84%Interest-bearing $337.3M16%Noninterest $63.1MQ3 2024Q2 2026

Market Position · Lafayette-West Lafayette, IN · 2026 SOD (annual) · 1.7% share · #15 of 20 inst. · $0.1B of $4.7B

24.0% Cass
11.9% Carroll
0.9% Tippecanoe
1.5% Howard

Executive Summary

  • Earnings: ROA of 0.73%, up 48 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.31% of loans (-2 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 10.96%, up 100 bps from a year ago.
  • Funding: loans stand at 97.40% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.73%+48 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+25 bps YoY

Efficiency Ratio (YTD, annualized)

74.60%-1,505 bps YoY

Tier 1 Leverage Ratio

10.96%+100 bps YoY

NIM

4.74%Q2 ’245.16%Q2 ’255.33%Q2 ’26+4%+8%

Non-interest income vs. expense

3.30%Q2 ’243.46%Q2 ’253.18%Q2 ’26+11%-15%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.40%0.37%0.17%0.25%0.36%0.44%0.80%0.73%+48 bps
Return on Equity4.20%3.89%1.94%2.84%4.02%5.00%8.98%7.79%+495 bps
Net Interest Margin3.04%3.03%3.01%3.17%3.11%3.10%3.38%3.43%+25 bps
Efficiency Ratio87.38%88.20%93.18%89.65%88.86%83.80%72.87%74.60%-1,505 bps
Non-Interest Burden2.56%2.58%2.76%2.77%2.69%2.49%2.21%2.34%-43 bps
Growth
Asset Growth (YoY)2.70%7.79%11.34%12.26%15.07%11.37%6.29%7.24%-501 bps
Loan Growth (YoY)12.86%13.94%13.91%12.73%14.69%15.84%14.04%14.18%+144 bps
Deposit Growth (YoY)3.65%10.20%15.27%13.89%15.34%10.69%4.03%7.70%-619 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.21%0.29%0.33%0.38%0.27%0.32%0.31%-2 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.02%0.02%0.02%0.01%0.03%+2 bps
Allowance / Loans0.95%0.92%0.91%0.90%0.87%0.86%0.91%0.93%+3 bps
Allowance Coverage of NPLs3.5x4.3x3.1x2.7x2.3x3.2x2.8x3.0x+0.3x
Capital
Tier 1 Leverage Ratio10.74%10.58%10.14%9.96%9.85%9.71%9.81%10.96%+100 bps
Total Risk-Based Capital15.99%15.51%15.42%15.00%14.93%9.71%9.81%10.96%-404 bps
Equity / Assets9.81%9.10%8.82%8.77%8.82%8.83%9.07%10.20%+144 bps
Liquidity & Funding
Loans / Deposits95.11%91.93%89.06%91.88%94.57%96.20%97.63%97.40%+553 bps
Liquid Assets / Assets1.18%4.51%6.95%6.58%5.23%4.30%3.08%3.19%-339 bps
CRE / Total Capitaln/an/an/an/a308%302%284%n/an/a