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Cleo State Bank

Cleo Springs, OK · Cert 406 · Cleo Bancshares Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$122.5MAssets
$68.0MLoans
$103.9MDeposits
$18.5MEquity
Loan mix
24%RE $10.1M63%C&I $26.4M13%Consumer $5.5MQ3 2024Q2 2026
Deposit mix
67%Interest-bearing $69.6M33%Noninterest $34.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.80%, up 42 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 2.12% of loans (+177 bps YoY), with net charge-offs at 0.33%.
  • Capital: tier 1 leverage ratio of 16.43%, down 28 bps from a year ago.
  • Funding: loans stand at 65.49% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.80%+42 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+48 bps YoY

Efficiency Ratio (YTD, annualized)

45.99%-664 bps YoY

Tier 1 Leverage Ratio

16.43%-28 bps YoY

NIM

5.35%Q2 ’245.43%Q2 ’255.71%Q2 ’26+6%+13%

Non-interest income vs. expense

2.10%Q2 ’242.12%Q2 ’252.07%Q2 ’26+1%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.14%1.28%1.38%1.43%1.28%1.36%1.80%+42 bps
Return on Equity9.74%8.17%8.56%9.15%9.35%8.25%8.46%11.45%+231 bps
Net Interest Margin3.36%3.47%3.55%3.74%3.84%3.93%3.88%4.22%+48 bps
Efficiency Ratio55.60%61.07%55.75%52.63%52.19%57.53%53.82%45.99%-664 bps
Non-Interest Burden1.74%1.99%1.85%1.84%1.87%2.14%1.96%1.79%-4 bps
Growth
Asset Growth (YoY)5.06%3.20%1.78%0.40%-0.96%1.46%1.62%6.49%+609 bps
Loan Growth (YoY)6.50%7.53%5.09%6.95%4.98%16.89%21.81%14.28%+733 bps
Deposit Growth (YoY)2.63%2.26%-0.47%-1.92%-2.60%-0.24%0.70%6.93%+884 bps
Asset Quality
Nonperforming Loans / Loans0.48%1.60%1.44%0.35%2.26%2.50%1.02%2.12%+177 bps
Net Charge-Offs / Loans0.09%0.04%0.27%0.33%0.51%0.41%-0.01%0.33%-1 bps
Allowance / Loans1.01%1.05%1.01%1.03%0.91%0.77%0.82%0.80%-23 bps
Allowance Coverage of NPLs2.1x0.7x0.7x3.0x0.4x0.3x0.8x0.4x-2.6x
Capital
Tier 1 Leverage Ratio15.83%16.39%16.52%16.71%16.86%16.90%16.75%16.43%-28 bps
Total Risk-Based Capital15.83%16.39%16.52%16.71%16.86%16.90%16.75%16.43%-28 bps
Equity / Assets14.64%14.66%15.19%15.43%16.06%16.09%15.97%15.11%-33 bps
Liquidity & Funding
Loans / Deposits56.22%61.54%61.69%61.28%60.60%72.11%74.62%65.49%+421 bps
Liquid Assets / Assets13.09%6.72%7.15%15.00%17.47%13.49%12.66%17.95%+296 bps
CRE / Total Capitaln/an/an/an/a0.00%0.00%0.00%n/an/a