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Spencer County Bank

Santa Claus, IN · Cert 5786

State charter, non-member · FDIC · 5 branches

Q2 2026

$131.2MAssets
$78.7MLoans
$111.6MDeposits
$18.7MEquity
Loan mix
85%RE $65.1M8%C&I $5.8M7%Consumer $5.3MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $83.6M25%Noninterest $28.0MQ2 2025Q2 2026

NIM

4.68%Q2 ’244.86%Q2 ’254.84%Q2 ’26+4%0%

Non-interest income vs. expense

2.97%Q2 ’242.98%Q2 ’253.10%Q2 ’26+1%+6%

Executive Summary

  • Earnings: ROA of 0.74%, down 4 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 3.00% of loans (+120 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 14.57%, up 48 bps from a year ago.
  • Funding: loans stand at 70.53% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.74%-4 bps YoY

Net Interest Margin (quarter, annualized)

3.60%-1 bps YoY

Efficiency Ratio (quarter, annualized)

75.37%+346 bps YoY

Tier 1 Leverage Ratio

14.57%+48 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.79%0.44%0.83%0.74%-4 bps
Return on Equity5.81%5.81%3.20%5.92%5.25%-56 bps
Net Interest Margin3.61%3.54%3.49%3.50%3.60%-1 bps
Efficiency Ratio71.90%72.15%85.81%72.54%75.37%+346 bps
Non-Interest Burden2.45%2.40%2.93%2.39%2.59%+15 bps
Growth
Asset Growth (YoY)3.90%5.23%3.56%1.90%0.33%-357 bps
Loan Growth (YoY)-2.27%-2.19%-1.24%-0.99%-1.73%+53 bps
Deposit Growth (YoY)3.09%5.40%2.60%1.02%-0.78%-387 bps
Asset Quality
Nonperforming Loans / Loans1.80%2.32%2.84%3.43%3.00%+120 bps
Net Charge-Offs / Loans0.64%0.06%0.05%0.03%-0.02%-66 bps
Allowance / Loans0.64%0.73%0.75%0.78%0.83%+18 bps
Allowance Coverage of NPLs0.4x0.3x0.3x0.2x0.3x-0.1x
Capital
Tier 1 Leverage Ratio14.09%14.02%14.19%14.45%14.57%+48 bps
Total Risk-Based Capital14.09%14.02%14.19%14.45%14.57%+48 bps
Equity / Assets13.48%13.70%13.96%14.05%14.27%+79 bps
Liquidity & Funding
Loans / Deposits71.21%71.34%71.04%70.41%70.53%-69 bps
Liquid Assets / Assets9.13%8.05%7.82%10.48%8.50%-62 bps
CRE / Total Capitaln/a50.05%51.57%45.98%n/an/a