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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