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Audubon State Bank

Audubon, IA · Cert 5814 · Audubon County Investment Co.

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

66

Q2 2024Q2 2026peer median (50)

Asset Quality

83

Q2 2024Q2 2026peer median (50)

Profitability

92

Q2 2024Q2 2026peer median (50)

Liquidity

38

Q2 2024Q2 2026peer median

Efficiency

93

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

Audubon State Bank

Audubon, IA · Cert 5814 · Audubon County Investment Co.

State charter, non-member · FDIC · 1 branch

Q2 2026

$155.3MAssets
$123.2MLoans
$131.0MDeposits
$19.2MEquity
Loan mix
83%RE $75.6M14%C&I $12.9M3%Consumer $2.5MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $114.9M12%Noninterest $16.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.94%, up 43 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.20% of loans (+20 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.46%, up 29 bps from a year ago.
  • Funding: loans stand at 94.02% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.94%+43 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+42 bps YoY

Efficiency Ratio (YTD, annualized)

41.04%-534 bps YoY

Tier 1 Leverage Ratio

10.46%+29 bps YoY

NIM

4.92%Q2 ’245.38%Q2 ’255.48%Q2 ’26+7%+11%

Non-interest income vs. expense

1.88%Q2 ’241.80%Q2 ’251.70%Q2 ’26-2%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.34%1.31%1.40%1.51%1.60%1.69%1.78%1.94%+43 bps
Return on Equity11.97%11.82%12.91%13.57%14.33%15.01%15.74%16.64%+307 bps
Net Interest Margin3.46%3.34%3.37%3.66%3.81%3.76%3.91%4.08%+42 bps
Efficiency Ratio49.94%49.57%47.06%46.39%43.22%42.30%43.00%41.04%-534 bps
Non-Interest Burden1.68%1.61%1.54%1.66%1.60%1.54%1.58%1.57%-9 bps
Growth
Asset Growth (YoY)4.43%14.93%13.67%7.48%10.02%3.05%2.63%0.78%-671 bps
Loan Growth (YoY)11.22%11.70%6.99%12.07%8.32%5.27%3.66%1.51%-1,056 bps
Deposit Growth (YoY)2.17%16.72%14.85%9.42%12.48%4.19%3.45%0.08%-934 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.04%0.00%0.00%0.04%0.02%0.20%0.20%+20 bps
Net Charge-Offs / Loans0.00%0.00%0.12%0.06%0.04%0.03%0.00%0.00%-6 bps
Allowance / Loans0.94%0.98%1.02%0.98%0.99%1.04%1.13%1.10%+13 bps
Allowance Coverage of NPLs25.4x22.1xn/a1183.0x22.1x56.6x5.6x5.5x-1177.5x
Capital
Tier 1 Leverage Ratio10.38%9.96%9.64%10.17%10.39%9.84%10.13%10.46%+29 bps
Total Risk-Based Capital13.73%13.59%14.97%14.55%14.24%14.13%15.15%15.57%+102 bps
Equity / Assets11.29%10.87%10.83%11.72%11.36%11.40%11.27%12.36%+64 bps
Liquidity & Funding
Loans / Deposits95.67%92.38%83.91%92.70%92.14%93.33%84.08%94.02%+132 bps
Liquid Assets / Assets1.41%5.57%13.52%5.60%4.42%3.20%12.73%2.53%-307 bps
CRE / Total Capitaln/an/an/an/a164.03%160.29%161.24%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

Audubon State Bank

Audubon, IA · Cert 5814 · Peer group: banks under $1B in assets in IA (n=134-135) · Audubon County Investment Co.

State charter, non-member · FDIC · 1 branch

Q2 2026

$155.3MAssets
$123.2MLoans
$131.0MDeposits
$19.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IA (rank 45 of 134).
  • Widest gap: tier 1 capital ratio trails 38% of banks under $1B in assets in IA (rank 51 of 135).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

2.02%

Rank 5 of 135

Net Interest Margin

4.08%

Rank 15 of 135

Efficiency Ratio

41.04%

Rank 10 of 135

Equity / Assets

12.36%

Rank 45 of 135

Non-interest income vs. expense

$0.2M$2.8MINCOMEEXPENSE
Unfavorable gap of $2.6M · efficiency ratio beats 93% of banks under $1B in assets in IA
Bank 41.04%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.02%0.92%1.19%1.47%Beats 96%5 / 135
Return on Equity16.36%7.99%10.26%13.14%Beats 91%12 / 135
Net Interest Margin4.08%2.95%3.41%3.73%Beats 89%15 / 135
Efficiency Ratio41.04%50.61%57.35%63.29%Beats 93%10 / 135
Asset Quality
Nonperforming Loans / Loans0.20%0.03%0.51%1.26%Beats 66%47 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio14.41%11.23%13.31%15.45%Beats 62%51 / 135
Total Risk-Based Capital Ratio15.57%11.61%14.06%16.47%Beats 68%43 / 135
Equity / Assets12.36%9.87%11.05%13.07%Beats 67%45 / 135
Liquidity & Funding
Loans / Deposits94.02%68.54%81.55%91.24%79th pctl28 / 134
Loans / Assets79.28%57.61%68.06%76.23%84th pctl22 / 135
Brokered Deposits / Depositsn/aNot reported for this institution