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First National Bank of Primghar, The

Primghar, IA · Cert 4494

National charter · OCC · 1 branch

Q2 2026

$36.3MAssets
$27.3MLoans
$29.9MDeposits
$5.3MEquity
Loan mix
90%RE $19.1M6%C&I $1.3M4%Consumer $0.9MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $23.9M20%Noninterest $6.0MQ2 2025Q2 2026

NIM

4.32%Q2 ’244.96%Q2 ’255.38%Q2 ’26+5%+29%

Non-interest income vs. expense

2.40%Q2 ’242.72%Q2 ’252.59%Q2 ’26-13%+28%

Executive Summary

  • Earnings: ROA of 0.87%, up 14 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.25%, up 14 bps from a year ago.
  • Funding: loans stand at 91.24% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.87%+14 bps YoY

Net Interest Margin (YTD, annualized)

3.52%+79 bps YoY

Efficiency Ratio (YTD, annualized)

69.42%-487 bps YoY

Tier 1 Leverage Ratio

14.25%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.73%0.69%0.51%0.77%0.87%+14 bps
Return on Equity5.57%5.20%3.88%5.75%6.32%+75 bps
Net Interest Margin2.72%2.86%2.77%3.33%3.52%+79 bps
Efficiency Ratio74.29%74.95%76.75%70.50%69.42%-487 bps
Non-Interest Burden1.96%2.13%2.14%2.44%2.52%+56 bps
Growth
Asset Growth (YoY)-5.41%0.22%-2.68%0.50%2.05%+746 bps
Loan Growth (YoY)4.52%8.77%4.90%10.94%11.55%+703 bps
Deposit Growth (YoY)-11.31%-0.59%-1.11%3.27%2.76%+1,407 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.23%1.20%1.10%1.08%1.10%-13 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.11%14.36%13.32%13.76%14.25%+14 bps
Total Risk-Based Capital18.94%18.90%16.35%16.71%17.72%-123 bps
Equity / Assets14.12%13.84%13.26%13.68%14.52%+40 bps
Liquidity & Funding
Loans / Deposits84.05%78.45%89.87%89.97%91.24%+719 bps
Liquid Assets / Assets6.75%8.01%6.73%6.81%5.30%-145 bps
CRE / Total Capitaln/a61.49%75.05%86.00%n/an/a