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Security Federal Savings Bank of McMinnville

McMinnville, TN · Cert 31146 · Security Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

63

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

74

Q2 2024Q2 2026peer median (50)

Liquidity

20

Q2 2024Q2 2026peer median

Efficiency

86

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

Security Federal Savings Bank of McMinnville

McMinnville, TN · Cert 31146 · Security Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$386.0MAssets
$314.0MLoans
$327.6MDeposits
$44.3MEquity
Loan mix
82%RE $254.7M13%C&I $39.9M5%Consumer $16.1MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $277.0M15%Noninterest $50.6MQ2 2025Q2 2026

NIM

5.56%Q2 ’245.61%Q2 ’255.99%Q2 ’26-1%+27%

Non-interest income vs. expense

2.13%Q2 ’242.07%Q2 ’252.23%Q2 ’26+1%+10%

Executive Summary

  • Earnings: ROA of 1.62%, up 41 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (-6 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 11.91%, up 181 bps from a year ago.
  • Funding: loans stand at 95.87% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.62%+41 bps YoY

Net Interest Margin (YTD, annualized)

3.96%+84 bps YoY

Efficiency Ratio (YTD, annualized)

50.01%-718 bps YoY

Tier 1 Leverage Ratio

11.91%+181 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.21%1.34%1.46%1.52%1.62%+41 bps
Return on Equity12.47%13.45%14.37%13.64%14.39%+192 bps
Net Interest Margin3.12%3.37%3.50%3.91%3.96%+84 bps
Efficiency Ratio57.19%54.72%53.70%51.15%50.01%-718 bps
Non-Interest Burden1.57%1.60%1.62%1.77%1.72%+15 bps
Growth
Asset Growth (YoY)10.84%8.39%6.08%-3.35%0.51%-1,032 bps
Loan Growth (YoY)11.60%11.91%13.49%11.38%10.25%-136 bps
Deposit Growth (YoY)14.89%7.55%-1.07%-5.53%-4.30%-1,919 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.01%0.00%0.23%0.00%-6 bps
Net Charge-Offs / Loans0.01%0.00%0.01%0.06%0.04%+3 bps
Allowance / Loans0.98%0.95%0.95%0.93%0.93%-5 bps
Allowance Coverage of NPLs16.2x175.6x719.8x4.0x727.5x+711.3x
Capital
Tier 1 Leverage Ratio10.10%10.79%11.34%11.77%11.91%+181 bps
Total Risk-Based Capital14.91%15.22%15.58%15.80%16.20%+128 bps
Equity / Assets9.90%10.57%10.91%11.36%11.47%+157 bps
Liquidity & Funding
Loans / Deposits83.22%90.34%95.49%93.83%95.87%+1,265 bps
Liquid Assets / Assets11.88%6.46%7.13%4.63%6.20%-569 bps
CRE / Total Capitaln/a226%221%230%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

Security Federal Savings Bank of McMinnville

McMinnville, TN · Cert 31146 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Security Bcorp Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$386.0MAssets
$314.0MLoans
$327.6MDeposits
$44.3MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 86% of banks under $1B in assets operating in a single state (rank 107 of 746).
  • Widest gap: net charge-offs / loans trails 59% of banks under $1B in assets operating in a single state (rank 438 of 743).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.60%

Rank 136 of 746

Net Interest Margin

3.96%

Rank 265 of 746

Efficiency Ratio

50.01%

Rank 107 of 746

Equity / Assets

11.47%

Rank 284 of 746

Non-interest income vs. expense

$1.9M$8.5MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 86% of banks under $1B in assets operating in a single state
Bank 50.01%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.60%0.72%1.06%1.45%Beats 82%136 / 746
Return on Equity13.97%6.74%10.51%13.63%Beats 77%173 / 746
Net Interest Margin3.96%3.17%3.68%4.16%Beats 64%265 / 746
Efficiency Ratio50.01%55.74%64.58%75.47%Beats 86%107 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 85%112 / 743
Net Charge-Offs / Loans0.02%0.00%0.01%0.05%Beats 41%438 / 743
Capital
Tier 1 Capital Ratio15.12%11.55%13.75%17.60%Beats 62%281 / 746
Total Risk-Based Capital Ratio16.20%11.71%14.33%18.43%Beats 65%264 / 746
Equity / Assets11.47%8.90%10.51%13.06%Beats 62%284 / 746
Liquidity & Funding
Loans / Deposits95.87%61.31%78.27%90.78%86th pctl108 / 746
Loans / Assets81.37%53.60%66.97%76.08%88th pctl88 / 746
Brokered Deposits / Depositsn/aNot reported for this institution