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Breda Savings Bank

Breda, IA · Cert 5792 · Van Financial Corp.

State charter, non-member · FDIC · 1 branch

Q2 2026

$106.0MAssets
$56.1MLoans
$84.7MDeposits
$8.7MEquity
Loan mix
88%RE $38.2M10%C&I $4.4M1%Consumer $0.6MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $63.2M25%Noninterest $21.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.62%, up 63 bps year over year; NIM at 2.82%.
  • 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 10.88%, down 36 bps from a year ago.
  • Funding: loans stand at 66.24% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.62%+63 bps YoY

Net Interest Margin (YTD, annualized)

2.82%+17 bps YoY

Efficiency Ratio (YTD, annualized)

49.64%-606 bps YoY

Tier 1 Leverage Ratio

10.88%-36 bps YoY

NIM

4.87%Q2 ’244.79%Q2 ’254.77%Q2 ’26+7%+6%

Non-interest income vs. expense

1.53%Q2 ’241.75%Q2 ’251.65%Q2 ’26+14%-9%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.41%1.35%1.30%1.00%1.30%1.38%1.66%1.62%+63 bps
Return on Equity21.53%20.43%18.88%14.31%17.97%18.75%22.09%20.92%+661 bps
Net Interest Margin2.53%2.60%2.60%2.65%2.78%2.83%2.83%2.82%+17 bps
Efficiency Ratio54.95%55.15%58.80%55.69%52.82%53.67%53.35%49.64%-606 bps
Non-Interest Burden1.16%1.20%1.32%1.26%1.20%1.25%1.28%1.15%-11 bps
Growth
Asset Growth (YoY)5.90%-3.16%-3.08%-3.89%-1.10%3.96%9.65%9.07%+1,296 bps
Loan Growth (YoY)9.72%-0.70%-0.24%-4.38%1.68%5.66%-0.77%-4.11%+27 bps
Deposit Growth (YoY)8.16%-0.19%0.13%-2.94%-2.36%5.06%5.81%9.06%+1,200 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 / Loans0.76%0.77%0.75%0.77%0.77%0.76%0.76%0.76%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.25%10.56%10.94%11.24%11.62%10.94%10.70%10.88%-36 bps
Total Risk-Based Capital10.25%10.56%10.94%11.24%11.62%10.94%10.70%10.88%-36 bps
Equity / Assets7.05%6.81%6.94%7.14%8.11%7.76%7.33%8.20%+106 bps
Liquidity & Funding
Loans / Deposits74.90%75.90%72.56%75.33%78.00%76.34%68.05%66.24%-910 bps
Liquid Assets / Assets0.35%0.84%0.31%4.08%0.67%0.71%7.66%7.68%+360 bps
CRE / Total Capitaln/an/an/an/a115.83%109.08%100.55%n/an/a