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Letter portraitLegal landscapeQuarterYTD

Farm Bureau Bank FSB

Reno, NV · Cert 35157 · FB Bcorp

State savings bank · OCC · 2 branches

Q2 2026

$1.1BAssets
$714.8MLoans
$906.5MDeposits
$103.1MEquity
Loan mix
30%RE $217.2M12%C&I $83.7M58%Consumer $415.2MQ2 2025Q2 2026
Deposit mix
96%Interest-bearing $871.2M4%Noninterest $35.3MQ2 2025Q2 2026

NIM

6.84%Q2 ’246.85%Q2 ’256.58%Q2 ’26+1%+0%

Non-interest income vs. expense

3.46%Q2 ’243.81%Q2 ’253.77%Q2 ’26+15%-12%

Market Position · San Antonio-New Braunfels, TX · 2026 SOD (annual) · 0.5% share · #12 of 66 inst. · $0.9B of $175.0B

0.5% Bexar
0.2% Washoe

Executive Summary

  • Earnings: ROA of 0.38%, up 20 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.79% of loans (+21 bps YoY), with net charge-offs at 1.12%.
  • Capital: tier 1 leverage ratio of 10.09%, up 35 bps from a year ago.
  • Funding: loans stand at 78.85% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.38%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+1 bps YoY

Efficiency Ratio (YTD, annualized)

80.79%-787 bps YoY

Tier 1 Leverage Ratio

10.09%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.18%0.22%0.05%-0.03%0.38%+20 bps
Return on Equity2.08%2.41%0.57%-0.37%3.99%+191 bps
Net Interest Margin3.79%3.85%3.86%3.76%3.80%+1 bps
Efficiency Ratio88.66%87.17%88.49%85.84%80.79%-787 bps
Non-Interest Burden3.31%3.30%3.36%3.14%2.90%-41 bps
Growth
Asset Growth (YoY)-9.03%-9.13%-8.15%-3.24%-3.58%+546 bps
Loan Growth (YoY)-3.12%-3.19%-4.29%-6.15%-9.82%-670 bps
Deposit Growth (YoY)-10.22%-10.55%-9.57%-3.54%-4.51%+571 bps
Asset Quality
Nonperforming Loans / Loans0.57%0.57%0.69%0.69%0.79%+21 bps
Net Charge-Offs / Loans0.91%0.90%1.07%1.30%1.12%+21 bps
Allowance / Loans1.69%1.64%1.53%1.52%1.44%-25 bps
Allowance Coverage of NPLs2.9x2.9x2.2x2.2x1.8x-1.1x
Capital
Tier 1 Leverage Ratio9.74%9.92%9.82%9.74%10.09%+35 bps
Total Risk-Based Capital13.57%13.73%13.56%13.92%14.65%+108 bps
Equity / Assets9.15%9.47%9.42%9.41%9.72%+57 bps
Liquidity & Funding
Loans / Deposits83.48%82.31%83.02%80.64%78.85%-464 bps
Liquid Assets / Assets9.20%10.69%9.60%11.44%12.84%+364 bps
CRE / Total Capitaln/a108.17%140.01%150.84%n/an/a