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Farmers State Bank

Pine Bluffs, WY · Cert 526 · Commercial Bcorp

State charter, Fed member · FED · 1 branch

Q2 2026

$35.4MAssets
$16.5MLoans
$31.2MDeposits
$4.0MEquity
Loan mix
82%RE $11.9M12%C&I $1.8M6%Consumer $0.9MQ3 2024Q2 2026
Deposit mix
69%Interest-bearing $21.6M31%Noninterest $9.6MQ3 2024Q2 2026

Market Position · Cheyenne, WY · 2026 SOD (annual) · 1.0% share · #16 of 19 inst. · $0.0B of $3.2B

Executive Summary

  • Earnings: ROA of 1.10%, down 37 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.85%, up 4 bps from a year ago.
  • Funding: loans stand at 52.97% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.10%-37 bps YoY

Net Interest Margin (YTD, annualized)

4.09%-46 bps YoY

Efficiency Ratio (YTD, annualized)

70.34%+636 bps YoY

Tier 1 Leverage Ratio

10.85%+4 bps YoY

NIM

4.87%Q2 ’245.14%Q2 ’254.76%Q2 ’26+3%-10%

Non-interest income vs. expense

3.05%Q2 ’243.12%Q2 ’253.02%Q2 ’26+1%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.27%1.32%1.38%1.47%1.48%1.61%0.81%1.10%-37 bps
Return on Equity12.20%12.50%12.36%13.25%13.16%14.12%7.11%9.60%-365 bps
Net Interest Margin4.51%4.45%4.46%4.55%4.49%4.39%4.05%4.09%-46 bps
Efficiency Ratio66.11%65.21%66.32%63.98%63.92%61.61%75.73%70.34%+636 bps
Non-Interest Burden2.90%2.82%2.89%2.80%2.73%2.52%3.00%2.82%+2 bps
Growth
Asset Growth (YoY)6.20%-2.55%7.87%10.84%3.86%9.01%14.01%9.00%-184 bps
Loan Growth (YoY)5.87%6.54%2.61%2.09%-1.17%-3.48%-7.37%5.17%+308 bps
Deposit Growth (YoY)4.87%-4.61%6.86%10.25%2.18%7.99%13.57%9.10%-115 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.22%1.21%1.22%1.27%1.24%1.25%1.32%1.21%-6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.74%10.84%10.35%10.82%11.02%11.28%11.22%10.85%+4 bps
Total Risk-Based Capital24.57%24.92%26.08%27.35%27.25%28.21%30.73%29.00%+165 bps
Equity / Assets10.69%11.29%11.08%11.00%11.74%11.92%11.03%11.40%+41 bps
Liquidity & Funding
Loans / Deposits60.80%63.22%59.50%54.95%58.80%56.50%48.53%52.97%-198 bps
Liquid Assets / Assets40.08%38.25%42.79%47.26%43.97%44.29%53.24%48.67%+141 bps
CRE / Total Capitaln/an/an/an/a154.85%149.44%147.63%n/an/a