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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 $5.3MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $83.6M25%Noninterest $28.0MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.79%, up 2 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 3.00% of loans (+120 bps YoY), with net charge-offs at 0.01%.
  • 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.

Return on Assets (YTD, annualized)

0.79%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+5 bps YoY

Efficiency Ratio (YTD, annualized)

73.96%+68 bps YoY

Tier 1 Leverage Ratio

14.57%+48 bps YoY

NIM

4.52%Q2 ’244.76%Q2 ’254.79%Q2 ’26+3%+1%

Non-interest income vs. expense

2.95%Q2 ’242.94%Q2 ’253.02%Q2 ’26+1%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.77%0.75%0.76%0.77%0.69%0.83%0.79%+2 bps
Return on Equity6.19%6.02%5.63%5.72%5.75%5.10%5.92%5.58%-14 bps
Net Interest Margin3.42%3.39%3.43%3.49%3.47%3.49%3.50%3.55%+5 bps
Efficiency Ratio74.71%75.30%74.76%73.29%72.90%76.05%72.54%73.96%+68 bps
Non-Interest Burden2.40%2.41%2.43%2.42%2.38%2.53%2.39%2.48%+6 bps
Growth
Asset Growth (YoY)0.11%2.59%-0.32%3.90%5.23%3.56%1.90%0.33%-357 bps
Loan Growth (YoY)0.17%-2.38%-2.10%-2.27%-2.19%-1.24%-0.99%-1.73%+53 bps
Deposit Growth (YoY)-2.08%1.76%-1.75%3.09%5.40%2.60%1.02%-0.78%-387 bps
Asset Quality
Nonperforming Loans / Loans2.28%2.48%2.85%1.80%2.32%2.84%3.43%3.00%+120 bps
Net Charge-Offs / Loans0.04%0.03%0.11%0.37%0.27%0.22%0.03%0.01%-37 bps
Allowance / Loans0.69%0.72%0.73%0.64%0.73%0.75%0.78%0.83%+18 bps
Allowance Coverage of NPLs0.3x0.3x0.3x0.4x0.3x0.3x0.2x0.3x-0.1x
Capital
Tier 1 Leverage Ratio13.92%13.97%14.09%14.09%14.02%14.19%14.45%14.57%+48 bps
Total Risk-Based Capital13.92%13.97%14.09%14.09%14.02%14.19%14.45%14.57%+48 bps
Equity / Assets13.44%13.25%13.37%13.48%13.70%13.96%14.05%14.27%+79 bps
Liquidity & Funding
Loans / Deposits76.88%73.80%71.84%71.21%71.34%71.04%70.41%70.53%-69 bps
Liquid Assets / Assets5.37%6.03%9.24%9.13%8.05%7.82%10.48%8.50%-62 bps
CRE / Total Capitaln/an/an/an/a50.05%51.57%45.98%n/an/a