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State Bank

Freeport, IL · Cert 35169

FDIC · 1 branch

Q1 2025

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IL3

Basis

Quarter: Q1 2025, the quarter ended March 31, 2025, 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 in IL (n=154 to 156). 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

22

Q2 2024Q1 2025peer median (50)

Asset Quality

83

Q2 2024Q1 2025peer median (50)

Profitability

70

Q2 2024Q1 2025peer median (50)

Liquidity

0

Q2 2024Q1 2025peer median

Efficiency

88

Q2 2024Q1 2025peer 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

State Bank

Freeport, IL · Cert 35169

FDIC · 1 branch

Q1 2025

$385.9MAssets
$296.3MLoans
$310.0MDeposits
$35.1MEquity
Loan mix
74%RE $167.7M25%C&I $57.2M0%Consumer $0.6MQ2 2023Q1 2025
Deposit mix
85%Interest-bearing $264.5M15%Noninterest $45.6MQ2 2023Q1 2025

Executive Summary

  • Earnings: ROA of 1.27%, up 19 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.27% of loans (-9 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 10.59%, up 59 bps from a year ago.
  • Funding: loans stand at 95.57% of deposits as of Q1 2025.

Return on Assets (YTD, annualized)

1.27%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.08%+29 bps YoY

Efficiency Ratio (YTD, annualized)

51.09%-145 bps YoY

Tier 1 Leverage Ratio

10.59%+59 bps YoY

NIM

4.44%Q1 ’235.09%Q1 ’245.06%Q1 ’25-17%+10%

Non-interest income vs. expense

1.66%Q1 ’231.64%Q1 ’241.78%Q1 ’25-4%+5%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.57%0.77%1.36%1.08%1.10%1.07%1.13%1.27%+19 bps
Return on Equity7.57%10.37%17.92%13.15%13.33%12.64%13.29%14.19%+104 bps
Net Interest Margin3.21%3.21%3.08%2.79%2.82%2.80%2.86%3.08%+29 bps
Efficiency Ratio45.30%47.43%47.77%52.55%52.19%53.48%52.56%51.09%-145 bps
Non-Interest Burden1.29%1.36%1.30%1.31%1.32%1.35%1.33%1.37%+6 bps
Growth
Asset Growth (YoY)11.01%11.21%9.62%-3.32%5.06%4.37%-1.16%1.41%+473 bps
Loan Growth (YoY)23.58%22.46%19.50%0.80%6.31%-0.01%-1.57%0.72%-8 bps
Deposit Growth (YoY)13.64%14.45%14.67%-1.72%6.49%5.52%-4.56%-5.58%-386 bps
Asset Quality
Nonperforming Loans / Loans1.12%1.58%0.38%0.36%0.35%0.35%0.37%0.27%-9 bps
Net Charge-Offs / Loans0.30%0.19%0.29%0.00%0.00%0.00%0.01%-0.05%-5 bps
Allowance / Loans2.12%2.07%1.06%1.08%1.10%1.16%1.06%1.07%-1 bps
Allowance Coverage of NPLs1.9x1.3x2.8x3.0x3.1x3.3x2.9x4.0x+1.0x
Capital
Tier 1 Leverage Ratio9.37%9.83%9.91%10.00%10.05%10.18%10.34%10.59%+59 bps
Total Risk-Based Capital9.37%9.83%9.91%10.00%10.05%10.18%10.34%10.59%+59 bps
Equity / Assets7.61%7.40%8.16%8.24%8.42%8.98%8.82%9.09%+85 bps
Liquidity & Funding
Loans / Deposits90.70%92.50%88.51%89.60%90.55%87.65%91.28%95.57%+598 bps
Liquid Assets / Assets0.95%1.03%0.88%0.91%0.88%2.22%0.84%1.72%+80 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/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

State Bank

Freeport, IL · Cert 35169 · Peer group: banks under $1B in assets in IL (n=154-156)

FDIC · 1 branch

Q1 2025

$385.9MAssets
$296.3MLoans
$310.0MDeposits
$35.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IL (rank 61 of 154).
  • Widest gap: total risk-based capital ratio trails 87% of banks under $1B in assets in IL (rank 136 of 156).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.26%

Rank 33 of 156

Net Interest Margin

3.08%

Rank 82 of 156

Efficiency Ratio

51.09%

Rank 19 of 156

Equity / Assets

9.09%

Rank 95 of 156

Non-interest income vs. expense

$1.6M$6.9MINCOMEEXPENSE
Unfavorable gap of $5.3M · efficiency ratio beats 88% of banks under $1B in assets in IL
Bank 51.09%Peer median 67.2%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.26%0.61%0.93%1.19%Beats 79%33 / 156
Return on Equity13.90%5.90%8.68%12.03%Beats 85%24 / 156
Net Interest Margin3.08%2.75%3.10%3.49%Beats 47%82 / 156
Efficiency Ratio51.09%58.94%67.23%77.57%Beats 88%19 / 156
Asset Quality
Nonperforming Loans / Loans0.27%0.13%0.50%1.45%Beats 66%53 / 154
Net Charge-Offs / Loans0.00%n/a0.00%0.02%Beats 100%61 / 154
Capital
Tier 1 Capital Ratio10.59%11.30%13.66%19.18%Beats 15%132 / 156
Total Risk-Based Capital Ratio10.59%11.67%14.05%20.23%Beats 13%136 / 156
Equity / Assets9.09%8.34%9.63%11.92%Beats 39%95 / 156
Liquidity & Funding
Loans / Deposits95.57%52.66%70.99%79.51%95th pctl8 / 154
Loans / Assets76.79%46.87%60.57%67.70%91st pctl14 / 154
Brokered Deposits / Depositsn/aNot reported for this institution