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Exchange Bank Co.

Kahoka, MO · Cert 8274 · Lincoln County Bcorp Inc.

State charter, Fed member · FED · 3 affiliate banks · 7 branches (23 in holding)

Q2 2026

$341.5MAssets
$209.4MLoans
$306.1MDeposits
$32.3MEquity
Loan mix
84%RE $152.2M14%C&I $25.6M2%Consumer $4.4MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $227.3M26%Noninterest $78.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.51%, up 40 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 1.33% of loans (-29 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.11%, down 28 bps from a year ago.
  • Funding: loans stand at 68.40% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.51%+40 bps YoY

Net Interest Margin (quarter, annualized)

4.05%+1 bps YoY

Efficiency Ratio (quarter, annualized)

54.02%-703 bps YoY

Tier 1 Leverage Ratio

9.11%-28 bps YoY

NIM

5.14%Q2 ’245.56%Q2 ’255.48%Q2 ’26+8%+0%

Non-interest income vs. expense

2.72%Q2 ’242.69%Q2 ’252.38%Q2 ’26+5%-12%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.47%0.82%1.00%1.12%1.64%1.39%1.61%1.51%+40 bps
Return on Equity5.11%8.97%11.01%12.23%17.60%14.86%18.16%16.88%+465 bps
Net Interest Margin3.75%5.45%3.89%4.04%4.24%4.21%4.01%4.05%+1 bps
Efficiency Ratio64.13%74.00%65.85%61.05%49.02%55.93%51.57%54.02%-703 bps
Non-Interest Burden2.24%3.96%2.48%2.38%1.92%2.23%1.92%2.09%-29 bps
Growth
Asset Growth (YoY)14.85%36.27%31.94%39.09%32.72%10.53%14.25%6.58%-3,252 bps
Loan Growth (YoY)5.36%27.68%31.45%29.62%34.12%10.14%9.33%8.71%-2,091 bps
Deposit Growth (YoY)12.16%34.15%31.78%40.30%33.39%11.36%15.32%6.20%-3,410 bps
Asset Quality
Nonperforming Loans / Loans1.59%1.89%1.80%1.62%1.63%1.64%0.62%1.33%-29 bps
Net Charge-Offs / Loans0.97%-1.01%0.04%0.04%0.10%0.11%-0.02%-0.02%-6 bps
Allowance / Loans1.25%1.43%1.41%1.48%1.46%1.50%1.52%1.46%-2 bps
Allowance Coverage of NPLs0.8x0.8x0.8x0.9x0.9x0.9x2.4x1.1x+0.2x
Capital
Tier 1 Leverage Ratio10.28%9.62%9.51%9.39%9.54%9.11%8.94%9.11%-28 bps
Total Risk-Based Capital14.45%14.08%14.17%13.96%13.90%13.45%13.33%9.11%-485 bps
Equity / Assets9.31%9.00%9.15%9.08%9.55%9.21%8.51%9.46%+38 bps
Liquidity & Funding
Loans / Deposits69.20%67.97%67.60%66.82%69.58%67.23%64.09%68.40%+158 bps
Liquid Assets / Assets8.74%9.32%11.12%10.40%6.62%6.31%9.49%5.14%-526 bps
CRE / Total Capitaln/an/an/an/a109.65%110.98%117.77%n/an/a