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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