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Farmers State Bank

Lake View, IA · Cert 9295 · Jems Inc.

State charter, Fed member · FED · 1 branch

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

56

Q2 2024Q2 2026peer median (50)

Asset Quality

73

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

38

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

Farmers State Bank

Lake View, IA · Cert 9295 · Jems Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$36.7MAssets
$12.7MLoans
$31.5MDeposits
$5.1MEquity
Loan mix
53%RE $6.5M35%C&I $4.3M12%Consumer $1.4MQ3 2024Q2 2026
Deposit mix
80%Interest-bearing $25.2M20%Noninterest $6.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.13%, up 43 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 13.07%, down 45 bps from a year ago.
  • Funding: loans stand at 40.43% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.13%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+28 bps YoY

Efficiency Ratio (YTD, annualized)

59.77%-1,322 bps YoY

Tier 1 Leverage Ratio

13.07%-45 bps YoY

NIM

3.98%Q2 ’244.46%Q2 ’254.50%Q2 ’26+7%+9%

Non-interest income vs. expense

1.94%Q2 ’242.38%Q2 ’252.12%Q2 ’26+24%-12%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.81%0.74%0.59%0.71%0.86%0.77%1.05%1.13%+43 bps
Return on Equity5.93%5.38%4.38%5.17%6.24%5.55%7.72%8.24%+307 bps
Net Interest Margin3.06%3.05%3.07%3.16%3.25%3.27%3.45%3.44%+28 bps
Efficiency Ratio66.51%69.11%79.93%72.99%68.87%70.90%69.05%59.77%-1,322 bps
Non-Interest Burden2.00%2.07%2.43%2.28%2.21%2.29%2.35%2.02%-26 bps
Growth
Asset Growth (YoY)-3.75%-5.89%1.79%1.09%2.46%2.59%5.49%3.21%+212 bps
Loan Growth (YoY)-1.10%0.28%6.54%5.27%7.21%7.87%-0.53%1.29%-398 bps
Deposit Growth (YoY)-5.00%-7.25%1.91%1.21%2.67%2.74%5.56%3.05%+184 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.02%0.00%0.13%0.07%0.05%-0.06%-0.02%-14 bps
Allowance / Loans3.49%3.43%3.33%3.26%3.21%3.13%3.31%3.24%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.18%13.60%13.15%13.52%13.96%13.82%13.53%13.07%-45 bps
Total Risk-Based Capital14.18%13.60%13.15%13.52%13.96%13.82%13.53%13.07%-45 bps
Equity / Assets14.59%13.75%13.30%13.89%14.46%14.00%13.28%14.00%+11 bps
Liquidity & Funding
Loans / Deposits41.18%40.67%39.65%41.13%43.00%42.70%37.36%40.43%-70 bps
Liquid Assets / Assets62.07%60.04%60.81%61.72%59.68%58.57%65.13%59.94%-178 bps
CRE / Total Capitaln/an/an/an/a14.70%14.15%13.84%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

Farmers State Bank

Lake View, IA · Cert 9295 · Peer group: banks under $1B in assets in IA (n=134-135) · Jems Inc.

State charter, Fed member · FED · 1 branch

Q2 2026

$36.7MAssets
$12.7MLoans
$31.5MDeposits
$5.1MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 21 of 134).
  • Widest gap: return on equity trails 72% of banks under $1B in assets in IA (rank 97 of 135).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.15%

Rank 77 of 135

Net Interest Margin

3.44%

Rank 62 of 135

Efficiency Ratio

59.77%

Rank 85 of 135

Equity / Assets

14.00%

Rank 27 of 135

Non-interest income vs. expense

$38K$832KINCOMEEXPENSE
Unfavorable gap of $794K · efficiency ratio beats 38% of banks under $1B in assets in IA
Bank 59.77%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.15%0.92%1.19%1.47%Beats 43%77 / 135
Return on Equity8.18%7.99%10.26%13.14%Beats 28%97 / 135
Net Interest Margin3.44%2.95%3.41%3.73%Beats 54%62 / 135
Efficiency Ratio59.77%50.61%57.35%63.29%Beats 38%85 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 100%21 / 134
Net Charge-Offs / Loans0.01%n/a0.01%0.03%Beats 46%74 / 134
Capital
Tier 1 Capital Ratio13.07%11.23%13.31%15.45%Beats 47%72 / 135
Total Risk-Based Capital Ratio13.07%11.61%14.06%16.47%Beats 41%80 / 135
Equity / Assets14.00%9.87%11.05%13.07%Beats 80%27 / 135
Liquidity & Funding
Loans / Deposits40.43%68.54%81.55%91.24%5th pctl127 / 134
Loans / Assets34.70%57.61%68.06%76.23%5th pctl128 / 135
Brokered Deposits / Depositsn/aNot reported for this institution