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Letter portraitLegal landscapeQuarterYTD

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 1.22%, down 48 bps year over year; NIM at 4.72%.
  • Asset quality: problem loans at 1.11% of loans (-26 bps YoY), with net recoveries of 0.10%.
  • 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 (quarter, annualized)

1.22%-48 bps YoY

Net Interest Margin (quarter, annualized)

4.72%-43 bps YoY

Efficiency Ratio (quarter, annualized)

72.41%+919 bps YoY

Tier 1 Leverage Ratio

16.11%+173 bps YoY

NIM

5.40%Q2 ’246.92%Q2 ’256.28%Q2 ’26+33%-8%

Non-interest income vs. expense

3.79%Q2 ’243.74%Q2 ’254.07%Q2 ’26+1%+7%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.16%13.20%0.94%1.70%5.83%0.65%1.25%1.22%-48 bps
Return on Equity1.30%90.75%6.45%11.44%35.57%3.82%7.34%7.20%-424 bps
Net Interest Margin4.03%15.18%4.60%5.15%10.81%4.60%4.59%4.72%-43 bps
Efficiency Ratio95.91%28.87%70.25%63.21%34.93%84.83%71.24%72.41%+919 bps
Non-Interest Burden3.76%3.54%2.97%2.91%3.05%3.73%2.94%3.12%+21 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-0.06%-2.50%0.45%0.35%0.25%0.52%0.14%-0.10%-45 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