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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 $1.9MQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $44.1M28%Noninterest $17.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.73%, up 16 bps year over year; NIM at 3.76%.
  • 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.

Return on Assets (quarter, annualized)

1.73%+16 bps YoY

Net Interest Margin (quarter, annualized)

3.76%+20 bps YoY

Efficiency Ratio (quarter, annualized)

42.17%-383 bps YoY

Tier 1 Leverage Ratio

10.71%-26 bps YoY

NIM

5.36%Q2 ’245.64%Q2 ’255.63%Q2 ’26+12%+6%

Non-interest income vs. expense

1.78%Q2 ’241.77%Q2 ’251.68%Q2 ’26+1%-2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.23%1.30%1.30%1.57%1.59%1.53%1.50%1.73%+16 bps
Return on Equity11.87%12.68%12.51%14.55%14.28%13.79%14.10%16.19%+164 bps
Net Interest Margin3.07%3.11%3.20%3.56%3.70%3.78%3.77%3.76%+20 bps
Efficiency Ratio52.04%48.54%50.25%46.00%45.83%47.38%46.09%42.17%-383 bps
Non-Interest Burden1.46%1.39%1.48%1.49%1.57%1.69%1.63%1.46%-3 bps
Growth
Asset Growth (YoY)7.00%5.83%4.56%1.98%-3.35%1.66%6.85%7.66%+568 bps
Loan Growth (YoY)12.87%5.62%11.63%2.94%0.29%11.08%4.03%8.91%+597 bps
Deposit Growth (YoY)10.44%11.29%4.94%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%0.00%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 / Loans0.95%0.99%0.93%0.96%0.95%0.91%0.95%0.95%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.63%10.32%10.66%10.97%11.48%11.22%10.85%10.71%-26 bps
Total Risk-Based Capital10.63%10.32%10.66%10.97%11.48%11.22%10.85%10.71%-26 bps
Equity / Assets10.35%10.22%10.61%10.90%11.40%10.76%10.56%10.75%-16 bps
Liquidity & Funding
Loans / Deposits92.88%85.17%93.46%90.03%95.58%95.95%89.96%90.38%+35 bps
Liquid Assets / Assets11.38%10.80%11.00%10.57%11.58%10.93%11.29%11.86%+129 bps
CRE / Total Capitaln/an/an/an/a36.91%49.56%46.17%n/an/a