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Hiawatha Bank & Trust Company

Hiawatha, IA · Cert 34488 · Country Bcorp

State charter, non-member · FDIC · 3 affiliate banks · 3 branches (12 in holding)

Q2 2026

$156.9MAssets
$107.9MLoans
$133.9MDeposits
$16.3MEquity
Loan mix
89%RE $84.6M8%C&I $7.8M2%Consumer $2.2MQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $92.9M31%Noninterest $41.0MQ2 2025Q2 2026

NIM

4.32%Q2 ’244.75%Q2 ’255.12%Q2 ’26+19%+11%

Non-interest income vs. expense

2.11%Q2 ’242.43%Q2 ’252.37%Q2 ’26+14%+4%

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 1.5% share · #15 of 35 inst. · $0.1B of $8.8B

Executive Summary

  • Earnings: ROA of 1.33%, up 24 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.22% of loans (+9 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.98%, down 19 bps from a year ago.
  • Funding: loans stand at 80.61% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.33%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.91%+40 bps YoY

Efficiency Ratio (YTD, annualized)

58.29%-534 bps YoY

Tier 1 Leverage Ratio

10.98%-19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.09%1.12%1.16%1.19%1.33%+24 bps
Return on Equity10.52%10.73%10.99%11.30%12.70%+218 bps
Net Interest Margin3.51%3.54%3.56%3.93%3.91%+40 bps
Efficiency Ratio63.63%62.92%61.82%61.04%58.29%-534 bps
Non-Interest Burden2.12%2.12%2.10%2.34%2.21%+9 bps
Growth
Asset Growth (YoY)1.63%1.65%3.22%9.96%8.48%+685 bps
Loan Growth (YoY)2.40%3.45%4.66%8.11%7.40%+500 bps
Deposit Growth (YoY)0.22%7.70%2.01%15.13%11.86%+1,164 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.13%0.17%0.14%0.22%+9 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%0.08%0.04%+5 bps
Allowance / Loans1.17%1.16%1.12%1.07%1.05%-12 bps
Allowance Coverage of NPLs9.1x9.0x6.5x7.7x4.7x-4.3x
Capital
Tier 1 Leverage Ratio11.17%11.01%11.16%10.85%10.98%-19 bps
Total Risk-Based Capital11.17%11.01%11.16%10.85%10.98%-19 bps
Equity / Assets10.51%10.69%10.88%10.17%10.41%-10 bps
Liquidity & Funding
Loans / Deposits83.96%82.07%84.94%79.91%80.61%-335 bps
Liquid Assets / Assets0.59%0.45%0.46%0.44%0.52%-7 bps
CRE / Total Capitaln/a174.55%176.96%189.16%n/an/a