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Fairfax State Savings Bank

Fairfax, IA · Cert 8083 · Vanderbilt Holding Co. Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$287.0MAssets
$158.2MLoans
$229.5MDeposits
$19.0MEquity
Loan mix
66%RE $96.4M29%C&I $42.0M5%Consumer $6.7MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $195.5M15%Noninterest $34.0MQ3 2024Q2 2026

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 2.3% share · #9 of 35 inst. · $0.2B of $8.8B

2.8% Linn
5.9% Iowa

Executive Summary

  • Earnings: ROA of 0.59%, up 19 bps year over year; NIM at 2.42%.
  • Asset quality: problem loans at 0.25% of loans (+24 bps YoY), with net recoveries of 0.09%.
  • Capital: tier 1 leverage ratio of 9.46%, down 12 bps from a year ago.
  • Funding: loans stand at 68.94% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.59%+19 bps YoY

Net Interest Margin (YTD, annualized)

2.42%+13 bps YoY

Efficiency Ratio (YTD, annualized)

67.79%-534 bps YoY

Tier 1 Leverage Ratio

9.46%-12 bps YoY

NIM

4.30%Q2 ’244.62%Q2 ’254.65%Q2 ’26+34%+6%

Non-interest income vs. expense

1.65%Q2 ’241.77%Q2 ’251.79%Q2 ’26+16%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.24%0.29%0.35%0.40%0.46%0.48%0.46%0.59%+19 bps
Return on Equity4.88%6.00%7.03%7.61%8.19%8.30%7.11%8.97%+136 bps
Net Interest Margin1.75%1.89%2.28%2.29%2.29%2.25%2.27%2.42%+13 bps
Efficiency Ratio85.51%83.88%70.10%73.12%72.58%72.47%73.66%67.79%-534 bps
Non-Interest Burden1.46%1.55%1.56%1.64%1.61%1.58%1.62%1.57%-7 bps
Growth
Asset Growth (YoY)12.42%-3.85%-5.81%0.09%-1.99%7.71%7.46%6.14%+604 bps
Loan Growth (YoY)2.07%4.35%4.08%2.98%3.26%3.36%1.25%1.58%-140 bps
Deposit Growth (YoY)7.06%8.16%4.07%6.60%4.45%6.76%7.26%-0.06%-666 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.10%0.00%0.01%0.33%0.18%0.22%0.25%+24 bps
Net Charge-Offs / Loans0.27%0.19%0.16%0.05%0.03%0.17%0.00%-0.09%-14 bps
Allowance / Loans1.12%1.09%1.17%1.20%1.26%1.15%1.19%1.32%+12 bps
Allowance Coverage of NPLs9.4x10.8xn/a133.4x3.8x6.2x5.4x5.3x-128.1x
Capital
Tier 1 Leverage Ratio9.18%9.56%9.56%9.58%9.71%9.57%9.53%9.46%-12 bps
Total Risk-Based Capital9.18%9.56%9.56%9.58%9.71%9.57%9.53%9.46%-12 bps
Equity / Assets5.58%5.01%5.02%5.70%6.54%6.81%6.14%6.64%+94 bps
Liquidity & Funding
Loans / Deposits68.54%69.71%68.05%67.83%67.76%67.49%64.24%68.94%+112 bps
Liquid Assets / Assets9.32%2.46%5.30%3.67%3.21%1.41%4.50%0.77%-290 bps
CRE / Total Capitaln/an/an/an/a175.53%178.22%183.50%n/an/a