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Security Bank Midwest

Tyndall, SD · Cert 485 · Midwest Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

33

Q2 2024Q2 2026peer median (50)

Liquidity

57

Q2 2024Q2 2026peer median

Efficiency

31

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

Security Bank Midwest

Tyndall, SD · Cert 485 · Midwest Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$304.1MAssets
$215.8MLoans
$238.8MDeposits
$28.6MEquity
Loan mix
82%RE $75.6M16%C&I $15.0M1%Consumer $1.0MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $188.6M21%Noninterest $50.2MQ3 2024Q2 2026

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.0% share · #25 of 42 inst. · $0.1B of $1127.8B

39.2% Bon Homme
23.1% Turner
16.2% Jackson
0.0% Lincoln

Executive Summary

  • Earnings: ROA of 0.60%, down 3 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.40% of loans (+40 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.52%, up 107 bps from a year ago.
  • Funding: loans stand at 90.35% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.60%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+31 bps YoY

Efficiency Ratio (YTD, annualized)

76.35%+195 bps YoY

Tier 1 Leverage Ratio

10.52%+107 bps YoY

NIM

5.57%Q2 ’245.42%Q2 ’255.30%Q2 ’26-3%+10%

Non-interest income vs. expense

2.18%Q2 ’242.39%Q2 ’252.68%Q2 ’26+13%+14%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.88%0.69%0.63%0.64%0.62%0.76%0.60%-3 bps
Return on Equity12.50%11.95%8.95%8.10%8.07%7.64%8.64%6.72%-138 bps
Net Interest Margin3.15%3.09%3.03%3.04%3.10%3.06%3.25%3.36%+31 bps
Efficiency Ratio65.84%66.66%72.46%74.40%74.24%75.27%71.27%76.35%+195 bps
Non-Interest Burden1.99%1.98%2.14%2.22%2.26%2.27%2.27%2.53%+30 bps
Growth
Asset Growth (YoY)16.63%8.15%-1.72%-3.77%-2.83%-4.66%-4.81%-7.20%-343 bps
Loan Growth (YoY)9.06%1.73%-1.10%-4.19%-3.31%-6.37%-5.74%-1.49%+270 bps
Deposit Growth (YoY)11.03%4.14%-4.57%-6.39%-8.57%-4.37%-6.13%-5.89%+50 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.24%0.00%0.00%0.00%0.00%0.35%0.40%+40 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.29%1.26%1.30%1.35%1.33%1.35%1.38%1.37%+2 bps
Allowance Coverage of NPLs4.2x5.3xn/an/an/an/a3.9x3.4xn/a
Capital
Tier 1 Leverage Ratio9.15%9.15%9.16%9.45%9.81%9.82%10.27%10.52%+107 bps
Total Risk-Based Capital9.15%9.15%9.16%9.45%9.81%9.82%10.27%10.52%+107 bps
Equity / Assets7.48%7.64%7.76%8.12%8.25%8.54%9.02%9.39%+127 bps
Liquidity & Funding
Loans / Deposits87.14%91.10%86.54%86.31%92.16%89.19%86.91%90.35%+403 bps
Liquid Assets / Assets18.78%18.39%18.53%18.75%18.35%19.12%18.32%19.19%+43 bps
CRE / Total Capitaln/an/an/an/a58.52%49.04%32.00%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

Security Bank Midwest

Tyndall, SD · Cert 485 · Peer group: banks under $1B in assets (n=581-629) · Midwest Bancshares Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$304.1MAssets
$215.8MLoans
$238.8MDeposits
$28.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 72% of banks under $1B in assets (rank 168 of 581).
  • Widest gap: total risk-based capital ratio trails 86% of banks under $1B in assets (rank 539 of 629).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.63%

Rank 465 of 629

Net Interest Margin

3.36%

Rank 371 of 629

Efficiency Ratio

76.35%

Rank 437 of 629

Equity / Assets

9.39%

Rank 439 of 629

Non-interest income vs. expense

$0.5M$8.2MINCOMEEXPENSE
Unfavorable gap of $7.7M · efficiency ratio beats 31% of banks under $1B in assets
Bank 76.35%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.63%0.60%1.01%1.45%Beats 26%465 / 629
Return on Equity6.71%5.38%9.30%13.28%Beats 32%430 / 629
Net Interest Margin3.36%3.03%3.54%4.05%Beats 41%371 / 629
Efficiency Ratio76.35%58.35%67.79%79.08%Beats 31%437 / 629
Asset Quality
Nonperforming Loans / Loans0.40%0.09%0.46%1.20%Beats 53%274 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 72%168 / 581
Capital
Tier 1 Capital Ratio10.52%11.24%13.84%18.77%Beats 16%527 / 629
Total Risk-Based Capital Ratio10.52%11.58%14.43%19.66%Beats 14%539 / 629
Equity / Assets9.39%9.09%10.65%13.80%Beats 30%439 / 629
Liquidity & Funding
Loans / Deposits90.35%67.24%80.90%93.48%70th pctl177 / 594
Loans / Assets70.95%53.31%67.71%78.15%56th pctl274 / 629
Brokered Deposits / Depositsn/aNot reported for this institution