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First State Bank

Lynnville, IA · Cert 5821 · First State Bank Holding Co.

State charter, non-member · FDIC · 7 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 the Des Moines-West Des Moines, IA area3

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 the Des Moines-West Des Moines, IA area (n=18 to 19). 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

30

Q2 2024Q2 2026peer median (50)

Asset Quality

42

Q2 2024Q2 2026peer median (50)

Profitability

87

Q2 2024Q2 2026peer median (50)

Liquidity

9

Q2 2024Q2 2026peer median

Efficiency

89

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

First State Bank

Lynnville, IA · Cert 5821 · First State Bank Holding Co.

State charter, non-member · FDIC · 7 branches

Q2 2026

$384.2MAssets
$297.6MLoans
$308.1MDeposits
$41.7MEquity
Loan mix
88%RE $209.3M9%C&I $22.1M3%Consumer $7.1MQ3 2024Q2 2026
Deposit mix
90%Interest-bearing $278.7M10%Noninterest $29.4MQ3 2024Q2 2026

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 0.3% share · #35 of 57 inst. · $0.1B of $38.0B

23.8% Poweshiek
14.1% Jasper
5.5% Mahaska
1.9% Wapello

Executive Summary

  • Earnings: ROA of 1.71%, up 32 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.21% of loans (-7 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.77%, up 34 bps from a year ago.
  • Funding: loans stand at 96.61% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.71%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+53 bps YoY

Efficiency Ratio (YTD, annualized)

45.24%-680 bps YoY

Tier 1 Leverage Ratio

9.77%+34 bps YoY

NIM

4.78%Q2 ’245.23%Q2 ’255.65%Q2 ’26+21%+15%

Non-interest income vs. expense

1.79%Q2 ’241.91%Q2 ’251.90%Q2 ’26+2%0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%1.09%1.29%1.39%1.45%1.47%1.61%1.71%+32 bps
Return on Equity9.26%11.11%13.28%14.06%14.31%14.27%15.31%16.13%+207 bps
Net Interest Margin2.83%2.77%3.33%3.42%3.48%3.54%3.90%3.95%+53 bps
Efficiency Ratio61.21%59.08%54.45%52.04%50.64%49.97%47.12%45.24%-680 bps
Non-Interest Burden1.62%1.51%1.65%1.61%1.58%1.59%1.64%1.61%0 bps
Growth
Asset Growth (YoY)11.23%8.57%10.81%10.19%3.00%5.49%6.16%4.78%-541 bps
Loan Growth (YoY)17.56%11.02%8.42%9.47%4.74%11.60%12.80%15.62%+615 bps
Deposit Growth (YoY)14.01%11.65%15.45%12.88%-1.39%3.52%8.24%5.59%-729 bps
Asset Quality
Nonperforming Loans / Loans0.88%0.12%0.22%0.28%0.26%0.15%0.15%0.21%-7 bps
Net Charge-Offs / Loans0.02%-0.10%0.00%0.00%0.00%0.01%0.02%0.01%+1 bps
Allowance / Loans1.07%1.07%1.07%1.05%1.03%1.02%1.05%1.05%0 bps
Allowance Coverage of NPLs1.2x9.2x4.8x3.8x4.0x7.0x7.2x5.1x+1.3x
Capital
Tier 1 Leverage Ratio9.26%8.71%9.10%9.44%9.78%9.79%9.46%9.77%+34 bps
Total Risk-Based Capital12.73%12.97%11.83%9.44%9.78%9.79%9.46%9.77%+34 bps
Equity / Assets9.61%9.64%9.80%10.29%10.83%10.82%10.20%10.86%+57 bps
Liquidity & Funding
Loans / Deposits88.08%88.47%87.33%88.23%93.56%95.37%91.02%96.61%+838 bps
Liquid Assets / Assets9.80%8.80%7.79%7.31%6.43%5.07%4.19%3.54%-377 bps
CRE / Total Capitaln/an/an/an/a69.89%64.68%65.94%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

First State Bank

Lynnville, IA · Cert 5821 · Peer group: banks under $1B in assets in the Des Moines-West Des Moines, IA area (n=18-19) · First State Bank Holding Co.

State charter, non-member · FDIC · 7 branches

Q2 2026

$384.2MAssets
$297.6MLoans
$308.1MDeposits
$41.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 89% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 2 of 19).
  • Widest gap: total risk-based capital ratio trails 89% of banks under $1B in assets in the Des Moines-West Des Moines, IA area (rank 17 of 19).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.71%

Rank 3 of 19

Net Interest Margin

3.95%

Rank 2 of 19

Efficiency Ratio

45.24%

Rank 3 of 19

Equity / Assets

10.86%

Rank 6 of 19

Non-interest income vs. expense

$1.1M$7.4MINCOMEEXPENSE
Unfavorable gap of $6.3M · efficiency ratio beats 89% of banks under $1B in assets in the Des Moines-West Des Moines, IA area
Bank 45.24%Peer median 57.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.71%1.05%1.15%1.42%Beats 84%3 / 19
Return on Equity15.78%10.97%12.15%13.79%Beats 89%2 / 19
Net Interest Margin3.95%3.08%3.50%3.67%Beats 89%2 / 19
Efficiency Ratio45.24%52.38%57.82%63.73%Beats 89%3 / 19
Asset Quality
Nonperforming Loans / Loans0.21%n/a0.21%0.91%Beats 50%10 / 18
Net Charge-Offs / Loans0.01%0.00%0.01%0.01%Beats 33%13 / 18
Capital
Tier 1 Capital Ratio9.77%10.79%12.38%16.13%Beats 11%17 / 19
Total Risk-Based Capital Ratio9.77%11.60%13.40%17.04%Beats 11%17 / 19
Equity / Assets10.86%8.64%9.66%11.07%Beats 68%6 / 19
Liquidity & Funding
Loans / Deposits96.61%65.91%76.09%88.00%84th pctl3 / 19
Loans / Assets77.46%57.37%63.36%76.16%79th pctl4 / 19
Brokered Deposits / Depositsn/aNot reported for this institution