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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

$384.2MAssets
$297.6MLoans
$308.1MDeposits
$41.7MEquity
Loan mix
88%RE $209.3M9%C&I $22.1M3%Consumer $7.1MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $278.7M10%Noninterest $29.4MQ2 2025Q2 2026

NIM

4.90%Q2 ’245.37%Q2 ’255.79%Q2 ’26+25%+15%

Non-interest income vs. expense

1.94%Q2 ’241.88%Q2 ’251.86%Q2 ’26-5%+1%

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 1.81%, up 32 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.21% of loans (-7 bps YoY), with net charge-offs at 0.00%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

1.81%+32 bps YoY

Net Interest Margin (quarter, annualized)

4.08%+54 bps YoY

Efficiency Ratio (quarter, annualized)

43.43%-634 bps YoY

Tier 1 Leverage Ratio

9.77%+34 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.49%1.57%1.51%1.61%1.81%+32 bps
Return on Equity14.84%14.83%13.92%15.31%17.17%+233 bps
Net Interest Margin3.54%3.66%3.90%3.90%4.08%+54 bps
Efficiency Ratio49.77%48.05%48.17%47.12%43.43%-634 bps
Non-Interest Burden1.59%1.56%1.71%1.64%1.61%+2 bps
Growth
Asset Growth (YoY)10.19%3.00%5.49%6.16%4.78%-541 bps
Loan Growth (YoY)9.47%4.74%11.60%12.80%15.62%+615 bps
Deposit Growth (YoY)12.88%-1.39%3.52%8.24%5.59%-729 bps
Asset Quality
Nonperforming Loans / Loans0.28%0.26%0.15%0.15%0.21%-7 bps
Net Charge-Offs / Loans-0.01%0.00%0.05%0.02%0.00%+1 bps
Allowance / Loans1.05%1.03%1.02%1.05%1.05%0 bps
Allowance Coverage of NPLs3.8x4.0x7.0x7.2x5.1x+1.3x
Capital
Tier 1 Leverage Ratio9.44%9.78%9.79%9.46%9.77%+34 bps
Total Risk-Based Capital9.44%9.78%9.79%9.46%9.77%+34 bps
Equity / Assets10.29%10.83%10.82%10.20%10.86%+57 bps
Liquidity & Funding
Loans / Deposits88.23%93.56%95.37%91.02%96.61%+838 bps
Liquid Assets / Assets7.31%6.43%5.07%4.19%3.54%-377 bps
CRE / Total Capitaln/a69.89%64.68%65.94%n/an/a