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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 1.13%, 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