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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

$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