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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

$134.6MAssets
$110.1MLoans
$120.2MDeposits
$14.0MEquity
Loan mix
89%RE $81.9M7%C&I $6.0M4%Consumer $3.9MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $95.7M20%Noninterest $24.5MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.80%0.68%0.24%0.46%0.66%0.72%0.69%0.88%+41 bps
Return on Equity8.17%6.88%2.35%4.58%6.49%7.10%7.12%8.84%+426 bps
Net Interest Margin3.81%3.76%3.78%3.81%3.98%4.34%4.06%4.18%+38 bps
Efficiency Ratio77.22%79.94%93.74%87.07%82.35%75.13%79.24%76.70%-1,037 bps
Non-Interest Burden2.76%2.84%3.48%3.20%3.14%3.07%3.06%3.03%-18 bps
Growth
Asset Growth (YoY)13.46%5.84%-1.20%-2.46%0.99%1.14%10.82%-0.39%+207 bps
Loan Growth (YoY)6.61%-1.20%0.55%4.99%2.61%6.07%0.43%-3.05%-804 bps
Deposit Growth (YoY)10.78%7.05%1.97%-1.18%4.02%3.15%11.80%0.66%+184 bps
Asset Quality
Nonperforming Loans / Loans3.03%2.83%2.26%2.40%2.11%1.16%1.77%2.04%-36 bps
Net Charge-Offs / Loans0.02%0.04%-0.25%-0.11%-0.07%0.12%0.54%0.27%+38 bps
Allowance / Loans1.71%1.73%1.72%1.67%1.71%1.97%1.87%1.89%+23 bps
Allowance Coverage of NPLs0.6x0.6x0.8x0.7x0.8x1.7x1.1x0.9x+0.2x
Capital
Tier 1 Leverage Ratio9.69%9.59%10.05%10.02%9.98%9.56%9.51%9.83%-19 bps
Total Risk-Based Capital13.51%13.07%10.05%10.02%9.98%9.56%9.51%9.83%-19 bps
Equity / Assets10.22%9.83%10.38%10.08%10.30%9.87%9.50%10.38%+30 bps
Liquidity & Funding
Loans / Deposits94.02%87.93%95.11%95.12%92.74%90.42%85.44%91.61%-351 bps
Liquid Assets / Assets8.85%11.37%6.71%7.52%8.25%10.06%13.46%6.85%-67 bps
CRE / Total Capitaln/an/an/an/a132.40%126.79%117.33%n/an/a