PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Armed Forces Bank, National Association

Fort Leavenworth, KS · Cert 4666 · Dickinson Financial Corp. II

National charter · OCC · 1 affiliate bank · 15 branches (95 in holding)

Q2 2026

$1.4BAssets
$734.8MLoans
$1.2BDeposits
$184.2MEquity
Loan mix
77%RE $586.1M20%C&I $152.8M3%Consumer $25.3MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $850.5M30%Noninterest $367.8MQ2 2025Q2 2026

NIM

4.52%Q2 ’244.63%Q2 ’254.72%Q2 ’26+6%+7%

Non-interest income vs. expense

4.52%Q2 ’244.81%Q2 ’254.72%Q2 ’26+31%-15%

Market Position · Kansas City, MO-KS · 2026 SOD (annual) · 0.4% share · #28 of 114 inst. · $0.4B of $99.1B

25.2% Leavenworth
0.9% Pierce
0.1% Clark
3.4% Hardin

Executive Summary

  • Earnings: ROA of 1.70%, up 37 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 1.21% of loans (+107 bps YoY), with net charge-offs at 0.42%.
  • Capital: tier 1 leverage ratio of 13.92%, down 46 bps from a year ago.
  • Funding: loans stand at 60.31% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.70%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+25 bps YoY

Efficiency Ratio (YTD, annualized)

65.56%-510 bps YoY

Tier 1 Leverage Ratio

13.92%-46 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.33%1.39%1.47%1.74%1.70%+37 bps
Return on Equity10.53%10.80%11.46%13.84%13.41%+288 bps
Net Interest Margin3.60%3.68%3.75%3.83%3.86%+25 bps
Efficiency Ratio70.66%68.97%67.68%64.97%65.56%-510 bps
Non-Interest Burden1.57%1.50%1.45%1.25%1.34%-23 bps
Growth
Asset Growth (YoY)4.63%4.59%2.30%1.47%-0.28%-491 bps
Loan Growth (YoY)-10.46%-2.36%-1.81%-0.55%-5.53%+493 bps
Deposit Growth (YoY)3.91%4.04%2.03%1.66%-0.29%-420 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.09%0.14%1.08%1.21%+107 bps
Net Charge-Offs / Loans0.42%0.43%0.45%0.16%0.42%-1 bps
Allowance / Loans1.47%1.46%1.51%1.60%1.62%+14 bps
Allowance Coverage of NPLs11.2x16.8x10.8x1.5x1.3x-9.8x
Capital
Tier 1 Leverage Ratio14.38%14.55%13.43%13.69%13.92%-46 bps
Total Risk-Based Capital25.56%24.64%23.68%24.29%25.86%+30 bps
Equity / Assets12.99%13.46%12.55%12.55%12.95%-5 bps
Liquidity & Funding
Loans / Deposits63.66%67.83%65.93%63.14%60.31%-335 bps
Liquid Assets / Assets9.47%5.33%10.54%7.60%7.41%-207 bps
CRE / Total Capitaln/a182.59%190.10%175.85%n/an/a