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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 $0.9MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $23.9M20%Noninterest $6.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.97%, up 78 bps year over year; NIM at 3.62%.
  • 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.

Return on Assets (quarter, annualized)

0.97%+78 bps YoY

Net Interest Margin (quarter, annualized)

3.62%+82 bps YoY

Efficiency Ratio (quarter, annualized)

68.41%-2,077 bps YoY

Tier 1 Leverage Ratio

14.25%+14 bps YoY

NIM

4.29%Q2 ’244.94%Q2 ’255.44%Q2 ’26+8%+29%

Non-interest income vs. expense

2.35%Q2 ’242.75%Q2 ’252.62%Q2 ’26+16%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.12%-0.03%1.24%0.19%0.63%0.00%0.77%0.97%+78 bps
Return on Equity0.92%-0.25%9.86%1.36%4.49%0.00%5.75%6.88%+552 bps
Net Interest Margin2.71%2.45%2.52%2.81%3.10%3.08%3.33%3.62%+82 bps
Efficiency Ratio89.45%97.06%63.39%89.18%76.39%82.14%70.50%68.41%-2,077 bps
Non-Interest Burden2.56%2.52%1.25%2.61%2.46%2.61%2.44%2.54%-7 bps
Growth
Asset Growth (YoY)-0.33%-2.10%-3.09%-5.41%0.22%-2.68%0.50%2.05%+746 bps
Loan Growth (YoY)-1.06%2.96%6.91%4.52%8.77%4.90%10.94%11.55%+703 bps
Deposit Growth (YoY)5.66%4.05%-12.54%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.31%1.15%1.20%1.23%1.20%1.10%1.08%1.10%-13 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio13.81%13.32%13.47%14.11%14.36%13.32%13.76%14.25%+14 bps
Total Risk-Based Capital19.24%17.26%17.22%18.94%18.90%16.35%16.71%17.72%-123 bps
Equity / Assets13.17%12.05%13.18%14.12%13.84%13.26%13.68%14.52%+40 bps
Liquidity & Funding
Loans / Deposits71.70%84.72%83.76%84.05%78.45%89.87%89.97%91.24%+719 bps
Liquid Assets / Assets7.83%6.81%7.38%6.75%8.01%6.73%6.81%5.30%-145 bps
CRE / Total Capitaln/an/an/an/a61.49%75.05%86.00%n/an/a