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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 1.19%, up 38 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • 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 (quarter, annualized)

1.19%+38 bps YoY

Net Interest Margin (quarter, annualized)

3.56%+34 bps YoY

Efficiency Ratio (quarter, annualized)

51.11%-1,511 bps YoY

Tier 1 Leverage Ratio

13.07%-45 bps YoY

NIM

4.11%Q2 ’244.51%Q2 ’254.61%Q2 ’26+6%+11%

Non-interest income vs. expense

1.63%Q2 ’242.19%Q2 ’251.87%Q2 ’26+38%-16%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.52%0.59%0.81%1.18%0.50%1.05%1.19%+38 bps
Return on Equity4.70%3.68%4.38%5.96%8.34%3.50%7.72%8.73%+278 bps
Net Interest Margin3.09%3.13%3.07%3.22%3.34%3.40%3.45%3.56%+34 bps
Efficiency Ratio71.79%76.55%79.93%66.23%60.97%76.64%69.05%51.11%-1,511 bps
Non-Interest Burden2.19%2.36%2.43%2.10%2.00%2.57%2.35%1.77%-33 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 / Loans0.10%-0.03%0.00%0.25%-0.03%0.00%-0.06%0.03%-22 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