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Midwest Heritage Bank, FSB

West Des Moines, IA · Cert 4432 · Hy-Vee Inc.

State savings bank · OCC · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Des Moines-West Des Moines, IA area3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, 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 the Des Moines-West Des Moines, IA area (n=18 to 19). 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

70

Q2 2024Q2 2026peer median (50)

Asset Quality

23

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

76

Q2 2024Q2 2026peer median

Efficiency

11

Q2 2024Q2 2026peer 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

Midwest Heritage Bank, FSB

West Des Moines, IA · Cert 4432 · Hy-Vee Inc.

State savings bank · OCC · 13 branches

Q2 2026

$768.3MAssets
$529.9MLoans
$649.6MDeposits
$92.9MEquity
Loan mix
78%RE $287.8M10%C&I $36.3M12%Consumer $45.5MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $527.4M19%Noninterest $122.2MQ3 2024Q2 2026

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.7% share · #23 of 57 inst. · $0.3B of $38.0B

0.8% Polk
16.7% Carroll
66.0% Lucas
0.6% Story

Executive Summary

  • Earnings: ROA of 1.75%, down 56 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 1.78% of loans (+167 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.82%, down 45 bps from a year ago.
  • Funding: loans stand at 81.57% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.75%-56 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+10 bps YoY

Efficiency Ratio (YTD, annualized)

65.77%+452 bps YoY

Tier 1 Leverage Ratio

12.82%-45 bps YoY

NIM

5.16%Q2 ’245.30%Q2 ’254.85%Q2 ’26+6%+3%

Non-interest income vs. expense

5.23%Q2 ’244.98%Q2 ’254.47%Q2 ’26-77%+437%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.50%1.67%2.76%2.30%2.02%1.90%0.93%1.75%-56 bps
Return on Equity12.94%14.38%22.93%18.63%15.85%14.69%6.66%13.26%-537 bps
Net Interest Margin3.17%3.04%3.22%3.40%3.45%3.48%3.68%3.50%+10 bps
Efficiency Ratio72.25%69.90%56.54%61.24%64.51%66.13%81.74%65.77%+452 bps
Non-Interest Burden1.15%0.86%-0.50%0.25%0.69%0.89%2.47%1.32%+108 bps
Growth
Asset Growth (YoY)6.84%14.35%2.51%5.77%2.35%-1.99%0.09%56.32%+5,054 bps
Loan Growth (YoY)8.43%7.67%3.63%3.34%5.75%4.38%4.87%41.99%+3,865 bps
Deposit Growth (YoY)9.77%11.41%0.60%-1.25%-2.40%0.55%4.79%79.27%+8,052 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.09%0.29%0.11%1.26%1.58%1.64%1.78%+167 bps
Net Charge-Offs / Loans0.04%0.04%0.03%0.04%0.04%0.03%0.02%0.01%-2 bps
Allowance / Loans0.98%0.96%1.04%1.04%1.00%0.98%1.01%1.51%+47 bps
Allowance Coverage of NPLs14.7x11.1x3.5x9.9x0.8x0.6x0.6x0.8x-9.0x
Capital
Tier 1 Leverage Ratio12.30%12.33%12.53%13.27%13.64%14.08%14.10%12.82%-45 bps
Total Risk-Based Capital15.57%15.69%17.09%17.99%17.45%17.50%18.48%15.81%-218 bps
Equity / Assets11.97%11.50%12.57%13.05%13.84%13.91%14.13%12.10%-95 bps
Liquidity & Funding
Loans / Deposits104.56%106.47%96.11%102.99%113.29%110.52%96.19%81.57%-2,142 bps
Liquid Assets / Assets1.76%1.92%2.42%3.80%2.25%1.55%4.47%7.31%+351 bps
CRE / Total Capitaln/an/an/an/a126.28%125.59%115.68%n/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

Midwest Heritage Bank, FSB

West Des Moines, IA · Cert 4432 · Peer group: banks under $1B in assets in the Des Moines-West Des Moines, IA area (n=18-19) · Hy-Vee Inc.

State savings bank · OCC · 13 branches

Q2 2026

$768.3MAssets
$529.9MLoans
$649.6MDeposits
$92.9MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 84% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 3 of 19).
  • Widest gap: nonperforming loans / loans trails 94% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 18 of 18).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.33%

Rank 7 of 19

Net Interest Margin

3.50%

Rank 10 of 19

Efficiency Ratio

67.95%

Rank 18 of 19

Equity / Assets

12.10%

Rank 3 of 19

Non-interest income vs. expense

$20.5M$29.1MINCOMEEXPENSE
Unfavorable gap of $8.6M · efficiency ratio beats 11% of banks under $1B in assets in the Des Moines-West Des Moines, IA area
Bank 67.95%Peer median 57.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.33%1.05%1.15%1.42%Beats 63%7 / 19
Return on Equity10.97%10.97%12.15%13.79%Beats 21%15 / 19
Net Interest Margin3.50%3.08%3.50%3.67%Beats 47%10 / 19
Efficiency Ratio67.95%52.38%57.82%63.73%Beats 11%18 / 19
Asset Quality
Nonperforming Loans / Loans1.78%n/a0.21%0.91%Beats 6%18 / 18
Net Charge-Offs / Loans0.01%0.00%0.01%0.01%Beats 39%12 / 18
Capital
Tier 1 Capital Ratio14.55%10.79%12.38%16.13%Beats 63%7 / 19
Total Risk-Based Capital Ratio15.81%11.60%13.40%17.04%Beats 63%7 / 19
Equity / Assets12.10%8.64%9.66%11.07%Beats 84%3 / 19
Liquidity & Funding
Loans / Deposits81.57%65.91%76.09%88.00%58th pctl8 / 19
Loans / Assets68.97%57.37%63.36%76.16%58th pctl8 / 19
Brokered Deposits / Depositsn/aNot reported for this institution