PackageTrendsPeer
Letter portraitLegal landscape

First State Bank

Nashua, IA · Cert 57910 · Readlyn Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

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 in IA (n=134 to 135). 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

24

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

80

Q2 2024Q2 2026peer median (50)

Liquidity

56

Q2 2024Q2 2026peer median

Efficiency

88

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

First State Bank

Nashua, IA · Cert 57910 · Readlyn Bancshares Inc.

State charter, non-member · FDIC · 2 affiliate banks · 1 branch (5 in holding)

Q2 2026

$72.5MAssets
$55.8MLoans
$61.7MDeposits
$7.8MEquity
Loan mix
79%RE $33.3M16%C&I $6.8M5%Consumer $1.9MQ2 2025Q2 2026
Deposit mix
72%Interest-bearing $44.1M28%Noninterest $17.6MQ2 2025Q2 2026

NIM

5.25%Q2 ’245.56%Q2 ’255.53%Q2 ’26+8%+9%

Non-interest income vs. expense

1.83%Q2 ’241.76%Q2 ’251.72%Q2 ’26-3%+2%

Executive Summary

  • Earnings: ROA of 1.62%, up 19 bps year over year; NIM at 3.70%.
  • 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 10.71%, down 26 bps from a year ago.
  • Funding: loans stand at 90.38% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.62%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.70%+31 bps YoY

Efficiency Ratio (YTD, annualized)

44.10%-393 bps YoY

Tier 1 Leverage Ratio

10.71%-26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.49%1.49%1.50%1.62%+19 bps
Return on Equity13.54%13.79%13.81%14.10%15.15%+161 bps
Net Interest Margin3.39%3.56%3.55%3.77%3.70%+31 bps
Efficiency Ratio48.03%47.27%47.30%46.09%44.10%-393 bps
Non-Interest Burden1.49%1.54%1.55%1.63%1.52%+3 bps
Growth
Asset Growth (YoY)1.98%-3.35%1.66%6.85%7.66%+568 bps
Loan Growth (YoY)2.94%0.29%11.08%4.03%8.91%+597 bps
Deposit Growth (YoY)5.14%-2.54%-1.40%8.08%8.49%+336 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.96%0.95%0.91%0.95%0.95%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.97%11.48%11.22%10.85%10.71%-26 bps
Total Risk-Based Capital10.97%11.48%11.22%10.85%10.71%-26 bps
Equity / Assets10.90%11.40%10.76%10.56%10.75%-16 bps
Liquidity & Funding
Loans / Deposits90.03%95.58%95.95%89.96%90.38%+35 bps
Liquid Assets / Assets10.57%11.58%10.93%11.29%11.86%+129 bps
CRE / Total Capitaln/a36.91%49.56%46.17%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

First State Bank

Nashua, IA · Cert 57910 · Peer group: banks under $1B in assets in IA (n=134-135) · Readlyn Bancshares Inc.

State charter, non-member · FDIC · 2 affiliate banks · 1 branch (5 in holding)

Q2 2026

$72.5MAssets
$55.8MLoans
$61.7MDeposits
$7.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: total risk-based capital ratio trails 87% of banks under $1B in assets in IA (rank 118 of 135).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.60%

Rank 23 of 135

Net Interest Margin

3.70%

Rank 38 of 135

Efficiency Ratio

44.09%

Rank 17 of 135

Equity / Assets

10.75%

Rank 76 of 135

Non-interest income vs. expense

$0.1M$1.3MINCOMEEXPENSE
Unfavorable gap of $1.1M · efficiency ratio beats 88% of banks under $1B in assets in IA
Bank 44.09%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.60%0.92%1.19%1.47%Beats 83%23 / 135
Return on Equity14.87%7.99%10.26%13.14%Beats 84%21 / 135
Net Interest Margin3.70%2.95%3.41%3.73%Beats 72%38 / 135
Efficiency Ratio44.09%50.61%57.35%63.29%Beats 88%17 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio10.71%11.23%13.31%15.45%Beats 15%115 / 135
Total Risk-Based Capital Ratio10.71%11.61%14.06%16.47%Beats 13%118 / 135
Equity / Assets10.75%9.87%11.05%13.07%Beats 44%76 / 135
Liquidity & Funding
Loans / Deposits90.38%68.54%81.55%91.24%70th pctl40 / 134
Loans / Assets76.96%57.61%68.06%76.23%77th pctl31 / 135
Brokered Deposits / Depositsn/aNot reported for this institution