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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 1.07%, up 32 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • 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 (YTD, annualized)

1.07%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.15%+27 bps YoY

Efficiency Ratio (YTD, annualized)

72.34%-459 bps YoY

Tier 1 Leverage Ratio

9.30%+39 bps YoY

NIM

4.32%Q2 ’244.54%Q2 ’254.80%Q2 ’26+13%+7%

Non-interest income vs. expense

3.43%Q2 ’243.49%Q2 ’253.54%Q2 ’26+7%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.70%0.78%0.69%0.75%0.91%0.81%0.99%1.07%+32 bps
Return on Equity12.93%14.23%12.00%12.86%14.98%12.97%14.57%15.39%+252 bps
Net Interest Margin3.46%3.52%3.77%3.87%3.90%3.87%4.07%4.15%+27 bps
Efficiency Ratio79.92%78.37%80.31%76.92%74.41%74.70%74.39%72.34%-459 bps
Non-Interest Burden2.61%2.60%2.90%2.82%2.72%2.72%2.86%2.79%-3 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 / Loans0.01%-0.01%0.00%0.00%0.00%0.00%0.14%0.07%+7 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