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United Farmers State Bank

Adams, MN · Cert 8821 · Adams Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$233.8MAssets
$205.8MLoans
$181.6MDeposits
$22.8MEquity
Loan mix
86%RE $122.2M13%C&I $18.2M1%Consumer $2.0MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $145.9M20%Noninterest $35.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.79%, up 15 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.33% of loans (+33 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.33%, up 31 bps from a year ago.
  • Funding: loans stand at 113.34% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.79%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+27 bps YoY

Efficiency Ratio (YTD, annualized)

42.52%-39 bps YoY

Tier 1 Leverage Ratio

10.33%+31 bps YoY

NIM

5.03%Q2 ’245.45%Q2 ’255.69%Q2 ’26+1%+8%

Non-interest income vs. expense

1.80%Q2 ’241.56%Q2 ’251.66%Q2 ’26-13%+7%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.53%1.51%1.73%1.64%1.65%1.70%1.89%1.79%+15 bps
Return on Equity16.19%16.28%19.71%18.52%18.46%18.83%19.92%18.70%+18 bps
Net Interest Margin3.33%3.31%3.47%3.45%3.39%3.38%3.77%3.72%+27 bps
Efficiency Ratio47.34%47.60%40.04%42.91%43.07%42.73%39.04%42.52%-39 bps
Non-Interest Burden1.46%1.46%1.28%1.38%1.36%1.32%1.37%1.47%+9 bps
Growth
Asset Growth (YoY)13.65%9.92%10.91%9.29%11.10%7.60%6.86%3.94%-535 bps
Loan Growth (YoY)13.00%9.91%11.52%8.56%8.13%8.57%7.47%3.12%-544 bps
Deposit Growth (YoY)2.62%0.39%1.89%3.68%7.25%6.17%5.89%6.04%+236 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.15%0.14%0.27%0.33%+33 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.10%0.00%0.00%0 bps
Allowance / Loans1.45%1.37%1.35%1.34%1.34%1.16%1.16%1.20%-14 bps
Allowance Coverage of NPLsn/an/an/an/a9.0x8.5x4.3x3.6xn/a
Capital
Tier 1 Leverage Ratio10.62%9.84%10.09%10.02%9.97%10.06%10.29%10.33%+31 bps
Total Risk-Based Capital10.62%9.84%10.09%10.02%9.97%10.06%10.29%10.33%+31 bps
Equity / Assets9.72%8.49%9.02%9.02%9.14%9.43%9.53%9.77%+75 bps
Liquidity & Funding
Loans / Deposits111.63%114.85%114.26%116.54%112.55%117.45%115.96%113.34%-321 bps
Liquid Assets / Assets0.47%0.36%0.39%0.46%0.47%0.39%0.42%0.32%-14 bps
CRE / Total Capitaln/an/an/an/a83.29%81.08%90.44%n/an/a