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State Central Bank

Bonaparte, IA · Cert 5820 · Logan Investment Corp.

State charter, non-member · FDIC · 4 branches

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

81

Q2 2024Q2 2026peer median (50)

Asset Quality

22

Q2 2024Q2 2026peer median (50)

Profitability

55

Q2 2024Q2 2026peer median (50)

Liquidity

70

Q2 2024Q2 2026peer median

Efficiency

15

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

State Central Bank

Bonaparte, IA · Cert 5820 · Logan Investment Corp.

State charter, non-member · FDIC · 4 branches

Q2 2026

$63.2MAssets
$37.0MLoans
$50.6MDeposits
$10.7MEquity
Loan mix
60%RE $20.3M21%C&I $7.2M18%Consumer $6.2MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $40.2M21%Noninterest $10.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.23%, down 12 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 1.11% of loans (-26 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 16.11%, up 173 bps from a year ago.
  • Funding: loans stand at 73.14% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.23%-12 bps YoY

Net Interest Margin (YTD, annualized)

4.60%-26 bps YoY

Efficiency Ratio (YTD, annualized)

71.84%+531 bps YoY

Tier 1 Leverage Ratio

16.11%+173 bps YoY

NIM

5.09%Q2 ’246.40%Q2 ’256.15%Q2 ’26+33%-5%

Non-interest income vs. expense

3.76%Q2 ’243.72%Q2 ’253.96%Q2 ’26+5%+2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.20%3.55%0.94%1.35%2.86%2.30%1.25%1.23%-12 bps
Return on Equity1.69%28.31%6.45%9.00%18.45%14.52%7.34%7.25%-174 bps
Net Interest Margin4.00%6.60%4.60%4.86%6.91%5.94%4.59%4.60%-26 bps
Efficiency Ratio86.66%55.86%70.25%66.52%50.50%57.38%71.24%71.84%+531 bps
Non-Interest Burden3.28%3.18%2.97%2.93%3.01%3.02%2.94%3.00%+7 bps
Growth
Asset Growth (YoY)1.22%5.41%18.00%12.66%28.84%16.01%1.95%11.75%-92 bps
Loan Growth (YoY)31.55%41.02%50.57%51.92%49.30%52.33%52.33%40.53%-1,140 bps
Deposit Growth (YoY)-2.98%0.52%14.11%7.08%23.90%13.62%-7.68%6.32%-76 bps
Asset Quality
Nonperforming Loans / Loans4.77%1.68%1.05%1.37%1.52%0.17%0.28%1.11%-26 bps
Net Charge-Offs / Loans-0.28%-0.82%0.45%0.37%0.30%0.33%0.14%0.02%-36 bps
Allowance / Loans6.59%3.82%3.48%2.97%2.60%2.18%2.01%1.94%-103 bps
Allowance Coverage of NPLs1.4x2.3x3.3x2.2x1.7x13.1x7.1x1.8x-0.4x
Capital
Tier 1 Leverage Ratio11.92%15.21%13.95%14.37%16.59%15.54%16.10%16.11%+173 bps
Total Risk-Based Capital11.92%15.21%13.95%14.37%16.59%15.54%16.10%16.11%+173 bps
Equity / Assets13.66%15.35%13.99%15.79%16.94%17.07%16.96%16.88%+109 bps
Liquidity & Funding
Loans / Deposits48.47%49.07%44.63%55.34%58.40%65.80%73.63%73.14%+1,781 bps
Liquid Assets / Assets6.76%13.40%23.41%11.59%12.36%6.35%7.61%6.69%-490 bps
CRE / Total Capitaln/an/an/an/a45.23%53.74%64.82%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

State Central Bank

Bonaparte, IA · Cert 5820 · Peer group: banks under $1B in assets in IA (n=134-135) · Logan Investment Corp.

State charter, non-member · FDIC · 4 branches

Q2 2026

$63.2MAssets
$37.0MLoans
$50.6MDeposits
$10.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 97% of banks under $1B in assets in IA (rank 4 of 135).
  • Widest gap: net charge-offs / loans trails 85% of banks under $1B in assets in IA (rank 115 of 134).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.20%

Rank 67 of 135

Net Interest Margin

4.60%

Rank 4 of 135

Efficiency Ratio

71.84%

Rank 116 of 135

Equity / Assets

16.88%

Rank 10 of 135

Non-interest income vs. expense

$0.6M$2.5MINCOMEEXPENSE
Unfavorable gap of $1.9M · efficiency ratio beats 15% of banks under $1B in assets in IA
Bank 71.84%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.20%0.92%1.19%1.47%Beats 50%67 / 135
Return on Equity7.14%7.99%10.26%13.14%Beats 19%109 / 135
Net Interest Margin4.60%2.95%3.41%3.73%Beats 97%4 / 135
Efficiency Ratio71.84%50.61%57.35%63.29%Beats 15%116 / 135
Asset Quality
Nonperforming Loans / Loans1.11%0.03%0.51%1.26%Beats 28%98 / 134
Net Charge-Offs / Loans0.09%n/a0.01%0.03%Beats 15%115 / 134
Capital
Tier 1 Capital Ratio16.11%11.23%13.31%15.45%Beats 80%27 / 135
Total Risk-Based Capital Ratio16.11%11.61%14.06%16.47%Beats 70%40 / 135
Equity / Assets16.88%9.87%11.05%13.07%Beats 93%10 / 135
Liquidity & Funding
Loans / Deposits73.14%68.54%81.55%91.24%34th pctl89 / 134
Loans / Assets58.51%57.61%68.06%76.23%26th pctl100 / 135
Brokered Deposits / Depositsn/aNot reported for this institution