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Kerndt Brothers Savings Bank

Lansing, IA · Cert 8761 · Kerndt Bank Services Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=134 to 135). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

26

Q2 2024Q2 2026peer median (50)

Asset Quality

56

Q2 2024Q2 2026peer median (50)

Profitability

78

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

76

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Kerndt Brothers Savings Bank

Lansing, IA · Cert 8761 · Kerndt Bank Services Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$347.2MAssets
$205.1MLoans
$282.8MDeposits
$37.8MEquity
Loan mix
92%RE $176.8M7%C&I $13.0M1%Consumer $2.3MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $241.7M15%Noninterest $41.1MQ2 2025Q2 2026

NIM

4.90%Q2 ’245.05%Q2 ’255.02%Q2 ’26+15%+10%

Non-interest income vs. expense

2.30%Q2 ’242.67%Q2 ’252.75%Q2 ’26+20%-74%

Market Position · Cedar Rapids, IA · 2026 SOD (annual) · 0.2% share · #33 of 35 inst. · $0.0B of $8.8B

16.2% Allamakee
14.2% Fayette
3.3% Winneshiek
0.3% Linn

Executive Summary

  • Earnings: ROA of 2.02%, up 175 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.65% of loans (+28 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.88%, up 46 bps from a year ago.
  • Funding: loans stand at 72.50% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.02%+175 bps YoY

Net Interest Margin (YTD, annualized)

3.31%+31 bps YoY

Efficiency Ratio (YTD, annualized)

50.30%-2,896 bps YoY

Tier 1 Leverage Ratio

10.88%+46 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.27%0.29%0.34%2.87%2.02%+175 bps
Return on Equity2.78%2.94%3.38%27.13%18.94%+1,616 bps
Net Interest Margin3.00%2.97%2.95%3.18%3.31%+31 bps
Efficiency Ratio79.26%80.33%80.15%44.35%50.30%-2,896 bps
Non-Interest Burden2.28%2.29%2.26%-0.81%0.59%-169 bps
Growth
Asset Growth (YoY)-5.04%-5.48%-4.82%3.99%4.43%+948 bps
Loan Growth (YoY)-7.37%-6.90%-6.45%-5.97%-9.88%-251 bps
Deposit Growth (YoY)-2.82%-0.32%0.09%6.16%5.26%+808 bps
Asset Quality
Nonperforming Loans / Loans0.36%0.86%1.43%1.57%0.65%+28 bps
Net Charge-Offs / Loans0.87%0.58%0.33%0.00%0.00%-87 bps
Allowance / Loans0.97%1.01%1.14%1.28%1.39%+42 bps
Allowance Coverage of NPLs2.7x1.2x0.8x0.8x2.2x-0.5x
Capital
Tier 1 Leverage Ratio10.41%10.61%10.63%10.85%10.88%+46 bps
Total Risk-Based Capital10.41%10.61%10.63%10.85%10.88%+46 bps
Equity / Assets10.17%10.36%10.67%10.47%10.88%+71 bps
Liquidity & Funding
Loans / Deposits84.69%82.45%83.21%76.49%72.50%-1,219 bps
Liquid Assets / Assets4.13%3.16%2.82%7.15%4.00%-13 bps
CRE / Total Capitaln/a170.47%167.65%158.81%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Kerndt Brothers Savings Bank

Lansing, IA · Cert 8761 · Peer group: banks under $1B in assets in IA (n=134-135) · Kerndt Bank Services Inc.

State charter, non-member · FDIC · 6 branches

Q2 2026

$347.2MAssets
$205.1MLoans
$282.8MDeposits
$37.8MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 96% of banks under $1B in assets in IA (rank 6 of 135).
  • Widest gap: total risk-based capital ratio trails 86% of banks under $1B in assets in IA (rank 116 of 135).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

2.01%

Rank 6 of 135

Net Interest Margin

3.31%

Rank 78 of 135

Efficiency Ratio

50.58%

Rank 33 of 135

Equity / Assets

10.88%

Rank 72 of 135

Non-interest income vs. expense

$7.5M$9.5MINCOMEEXPENSE
Unfavorable gap of $2.0M · efficiency ratio beats 76% of banks under $1B in assets in IA
Bank 50.58%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.01%0.92%1.19%1.47%Beats 96%6 / 135
Return on Equity18.43%7.99%10.26%13.14%Beats 96%6 / 135
Net Interest Margin3.31%2.95%3.41%3.73%Beats 42%78 / 135
Efficiency Ratio50.58%50.61%57.35%63.29%Beats 76%33 / 135
Asset Quality
Nonperforming Loans / Loans0.65%0.03%0.51%1.26%Beats 45%75 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 66%47 / 134
Capital
Tier 1 Capital Ratio10.88%11.23%13.31%15.45%Beats 16%113 / 135
Total Risk-Based Capital Ratio10.88%11.61%14.06%16.47%Beats 14%116 / 135
Equity / Assets10.88%9.87%11.05%13.07%Beats 47%72 / 135
Liquidity & Funding
Loans / Deposits72.50%68.54%81.55%91.24%32nd pctl91 / 134
Loans / Assets59.06%57.61%68.06%76.23%30th pctl95 / 135
Brokered Deposits / Depositsn/aNot reported for this institution