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Farmers State Bank

West Salem, OH · Cert 8647 · Community Ind Bcorp Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$187.5MAssets
$128.1MLoans
$163.0MDeposits
$13.6MEquity
Loan mix
78%RE $93.6M17%C&I $20.9M5%Consumer $5.4MQ3 2024Q2 2026
Deposit mix
61%Interest-bearing $100.3M39%Noninterest $62.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.15%, up 33 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.30%, up 39 bps from a year ago.
  • Funding: loans stand at 78.57% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.15%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.17%+16 bps YoY

Efficiency Ratio (quarter, annualized)

70.37%-338 bps YoY

Tier 1 Leverage Ratio

9.30%+39 bps YoY

NIM

4.47%Q2 ’244.65%Q2 ’254.81%Q2 ’26+14%+4%

Non-interest income vs. expense

3.41%Q2 ’243.46%Q2 ’253.52%Q2 ’26+2%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.87%0.98%0.69%0.82%1.22%0.51%0.99%1.15%+33 bps
Return on Equity15.67%17.19%12.00%13.60%19.19%7.58%14.57%16.29%+269 bps
Net Interest Margin3.68%3.86%3.77%4.01%4.10%4.02%4.07%4.17%+16 bps
Efficiency Ratio76.50%74.14%80.31%73.76%69.86%75.52%74.39%70.37%-338 bps
Non-Interest Burden2.64%2.68%2.90%2.78%2.62%2.86%2.86%2.69%-9 bps
Growth
Asset Growth (YoY)7.83%5.53%0.66%1.28%-3.99%2.03%2.99%0.90%-38 bps
Loan Growth (YoY)6.15%-0.51%0.16%0.92%1.96%6.83%7.33%5.23%+431 bps
Deposit Growth (YoY)0.52%5.50%5.51%6.50%0.35%0.87%2.18%-3.75%-1,025 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.15%0.00%0.00%0.00%0.10%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.06%0.00%0.00%0.00%0.00%0.14%0.00%-1 bps
Allowance / Loans0.90%0.95%0.95%1.00%1.01%1.13%1.08%1.13%+13 bps
Allowance Coverage of NPLs154.3x6.4xn/an/an/a11.4x679.0x1444.0xn/a
Capital
Tier 1 Leverage Ratio8.32%8.38%8.84%8.91%8.94%8.82%8.98%9.30%+39 bps
Total Risk-Based Capital13.29%13.69%14.02%13.82%13.99%14.05%13.96%13.97%+14 bps
Equity / Assets5.82%5.56%6.03%5.98%6.69%6.77%6.89%7.23%+125 bps
Liquidity & Funding
Loans / Deposits72.71%67.61%70.46%71.86%73.87%71.60%74.00%78.57%+670 bps
Liquid Assets / Assets5.81%3.16%2.51%2.61%1.87%3.31%3.25%1.77%-85 bps
CRE / Total Capitaln/an/an/an/a161.01%153.60%149.22%n/an/a