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Iowa State Savings Bank

Creston, IA · Cert 8751 · Ames National Corp.

State charter, non-member · FDIC · 5 affiliate banks · 3 branches (19 in holding)

Q2 2026

$276.5MAssets
$164.2MLoans
$246.2MDeposits
$27.3MEquity
Loan mix
89%RE $107.7M8%C&I $9.4M3%Consumer $3.8MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $215.8M12%Noninterest $30.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.33%, up 21 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.20% of loans (+19 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.40%, up 31 bps from a year ago.
  • Funding: loans stand at 66.68% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.33%+21 bps YoY

Net Interest Margin (quarter, annualized)

3.62%+53 bps YoY

Efficiency Ratio (quarter, annualized)

53.59%-348 bps YoY

Tier 1 Leverage Ratio

9.40%+31 bps YoY

NIM

4.38%Q2 ’244.52%Q2 ’254.74%Q2 ’26+2%+17%

Non-interest income vs. expense

2.24%Q2 ’241.98%Q2 ’252.13%Q2 ’26-12%+10%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.73%0.65%1.17%1.12%0.88%0.94%1.46%1.33%+21 bps
Return on Equity7.60%6.92%13.11%12.38%9.45%9.79%15.38%13.81%+142 bps
Net Interest Margin3.04%3.02%2.92%3.09%3.14%3.39%3.41%3.62%+53 bps
Efficiency Ratio65.21%71.32%55.36%57.07%57.03%53.19%51.63%53.59%-348 bps
Non-Interest Burden1.88%2.07%1.51%1.66%1.68%1.68%1.59%1.84%+17 bps
Growth
Asset Growth (YoY)2.78%6.12%5.63%10.77%9.35%4.58%0.45%-2.73%-1,350 bps
Loan Growth (YoY)8.73%7.83%4.23%-2.34%-3.41%-0.74%-0.36%5.80%+815 bps
Deposit Growth (YoY)2.41%6.61%5.28%8.44%8.52%4.58%1.06%-0.66%-910 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.01%0.01%0.01%0.44%0.21%0.21%0.20%+19 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0 bps
Allowance / Loans1.31%1.30%1.29%1.30%1.41%1.52%1.51%1.50%+20 bps
Allowance Coverage of NPLs116.4x145.1x160.2x183.7x3.2x7.4x7.3x7.5x-176.3x
Capital
Tier 1 Leverage Ratio9.80%9.45%9.10%9.09%9.17%9.27%9.32%9.40%+31 bps
Total Risk-Based Capital15.65%15.12%15.89%16.56%16.64%15.81%16.58%16.49%-7 bps
Equity / Assets9.85%8.98%8.87%9.19%9.49%9.61%9.36%9.87%+68 bps
Liquidity & Funding
Loans / Deposits70.37%69.91%63.86%62.61%62.63%66.35%62.97%66.68%+408 bps
Liquid Assets / Assets4.30%8.34%13.87%13.90%11.29%6.73%7.13%2.93%-1,097 bps
CRE / Total Capitaln/an/an/an/a57.99%58.74%62.98%n/an/a