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State Bank of Toledo, The

Toledo, IA · Cert 4514 · Tama County Abstract Co.

State charter, non-member · FDIC · 2 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 IA3

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 IA (n=134 to 135). 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

15

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

49

Q2 2024Q2 2026peer median (50)

Liquidity

50

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

State Bank of Toledo, The

Toledo, IA · Cert 4514 · Tama County Abstract Co.

State charter, non-member · FDIC · 2 branches

Q2 2026

$134.6MAssets
$110.1MLoans
$120.2MDeposits
$14.0MEquity
Loan mix
89%RE $81.9M7%C&I $6.0M4%Consumer $3.9MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $95.7M20%Noninterest $24.5MQ2 2025Q2 2026

NIM

5.43%Q2 ’245.49%Q2 ’255.63%Q2 ’26-3%+10%

Non-interest income vs. expense

3.50%Q2 ’243.97%Q2 ’253.76%Q2 ’26+22%-6%

Executive Summary

  • Earnings: ROA of 0.88%, up 41 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 2.04% of loans (-36 bps YoY), with net charge-offs at 0.27%.
  • Capital: tier 1 leverage ratio of 9.83%, down 19 bps from a year ago.
  • Funding: loans stand at 91.61% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%+41 bps YoY

Net Interest Margin (YTD, annualized)

4.18%+38 bps YoY

Efficiency Ratio (YTD, annualized)

76.70%-1,037 bps YoY

Tier 1 Leverage Ratio

9.83%-19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.46%0.66%0.72%0.69%0.88%+41 bps
Return on Equity4.58%6.49%7.10%7.12%8.84%+426 bps
Net Interest Margin3.81%3.98%4.34%4.06%4.18%+38 bps
Efficiency Ratio87.07%82.35%75.13%79.24%76.70%-1,037 bps
Non-Interest Burden3.20%3.14%3.07%3.06%3.03%-18 bps
Growth
Asset Growth (YoY)-2.46%0.99%1.14%10.82%-0.39%+207 bps
Loan Growth (YoY)4.99%2.61%6.07%0.43%-3.05%-804 bps
Deposit Growth (YoY)-1.18%4.02%3.15%11.80%0.66%+184 bps
Asset Quality
Nonperforming Loans / Loans2.40%2.11%1.16%1.77%2.04%-36 bps
Net Charge-Offs / Loans-0.11%-0.07%0.12%0.54%0.27%+38 bps
Allowance / Loans1.67%1.71%1.97%1.87%1.89%+23 bps
Allowance Coverage of NPLs0.7x0.8x1.7x1.1x0.9x+0.2x
Capital
Tier 1 Leverage Ratio10.02%9.98%9.56%9.51%9.83%-19 bps
Total Risk-Based Capital10.02%9.98%9.56%9.51%9.83%-19 bps
Equity / Assets10.08%10.30%9.87%9.50%10.38%+30 bps
Liquidity & Funding
Loans / Deposits95.12%92.74%90.42%85.44%91.61%-351 bps
Liquid Assets / Assets7.52%8.25%10.06%13.46%6.85%-67 bps
CRE / Total Capitaln/a132.40%126.79%117.33%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

State Bank of Toledo, The

Toledo, IA · Cert 4514 · Peer group: banks under $1B in assets in IA (n=134-135) · Tama County Abstract Co.

State charter, non-member · FDIC · 2 branches

Q2 2026

$134.6MAssets
$110.1MLoans
$120.2MDeposits
$14.0MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 92% of banks under $1B in assets in IA (rank 11 of 135).
  • Widest gap: total risk-based capital ratio trails 97% of banks under $1B in assets in IA (rank 131 of 135).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.91%

Rank 105 of 135

Net Interest Margin

4.18%

Rank 11 of 135

Efficiency Ratio

76.70%

Rank 121 of 135

Equity / Assets

10.38%

Rank 84 of 135

Non-interest income vs. expense

$1.0M$5.2MINCOMEEXPENSE
Unfavorable gap of $4.2M · efficiency ratio beats 11% of banks under $1B in assets in IA
Bank 76.70%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.91%0.92%1.19%1.47%Beats 22%105 / 135
Return on Equity8.74%7.99%10.26%13.14%Beats 34%89 / 135
Net Interest Margin4.18%2.95%3.41%3.73%Beats 92%11 / 135
Efficiency Ratio76.70%50.61%57.35%63.29%Beats 11%121 / 135
Asset Quality
Nonperforming Loans / Loans2.04%0.03%0.51%1.26%Beats 13%118 / 134
Net Charge-Offs / Loans0.14%n/a0.01%0.03%Beats 10%121 / 134
Capital
Tier 1 Capital Ratio9.83%11.23%13.31%15.45%Beats 3%131 / 135
Total Risk-Based Capital Ratio9.83%11.61%14.06%16.47%Beats 3%131 / 135
Equity / Assets10.38%9.87%11.05%13.07%Beats 38%84 / 135
Liquidity & Funding
Loans / Deposits91.61%68.54%81.55%91.24%75th pctl33 / 134
Loans / Assets81.79%57.61%68.06%76.23%88th pctl16 / 135
Brokered Deposits / Depositsn/aNot reported for this institution