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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

$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