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Reliance State Bank

Story City, IA · Cert 9299 · Ames National Corp.

State charter, non-member · FDIC · 2 branches

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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

8

Q2 2024Q2 2026peer median (50)

Profitability

22

Q2 2024Q2 2026peer median (50)

Liquidity

99

Q2 2024Q2 2026peer median

Efficiency

40

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

Reliance State Bank

Story City, IA · Cert 9299 · Ames National Corp.

State charter, non-member · FDIC · 5 affiliate banks · 2 branches (19 in holding)

Q2 2026

$276.8MAssets
$191.4MLoans
$234.7MDeposits
$28.5MEquity
Loan mix
88%RE $127.1M11%C&I $15.5M1%Consumer $1.4MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $195.5M17%Noninterest $39.2MQ2 2025Q2 2026

NIM

4.12%Q2 ’244.29%Q2 ’254.40%Q2 ’26+19%+13%

Non-interest income vs. expense

1.44%Q2 ’241.63%Q2 ’251.81%Q2 ’26+14%+13%

Market Position · Ames, IA · 2026 SOD (annual) · 2.6% share · #11 of 26 inst. · $0.1B of $3.8B

35.1% Hancock
3.2% Story

Executive Summary

  • Earnings: ROA of 0.82%, up 15 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 2.95% of loans (+25 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 9.72%, up 92 bps from a year ago.
  • Funding: loans stand at 81.55% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.82%+15 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+33 bps YoY

Efficiency Ratio (YTD, annualized)

59.29%-126 bps YoY

Tier 1 Leverage Ratio

9.72%+92 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.67%0.81%0.84%0.89%0.82%+15 bps
Return on Equity7.87%9.22%9.35%9.05%8.25%+38 bps
Net Interest Margin2.52%2.65%2.74%2.79%2.85%+33 bps
Efficiency Ratio60.54%58.78%59.01%58.43%59.29%-126 bps
Non-Interest Burden1.42%1.45%1.50%1.53%1.60%+18 bps
Growth
Asset Growth (YoY)-2.91%-4.18%-7.33%-5.01%-5.94%-303 bps
Loan Growth (YoY)0.47%-1.13%-6.90%-5.96%-5.27%-574 bps
Deposit Growth (YoY)1.77%5.03%2.44%-1.61%-2.85%-462 bps
Asset Quality
Nonperforming Loans / Loans2.70%1.53%1.50%3.21%2.95%+25 bps
Net Charge-Offs / Loans0.04%0.03%0.21%-0.07%0.23%+19 bps
Allowance / Loans1.50%1.50%1.34%1.40%1.39%-11 bps
Allowance Coverage of NPLs0.6x1.0x0.9x0.4x0.5x-0.1x
Capital
Tier 1 Leverage Ratio8.80%9.20%9.39%9.56%9.72%+92 bps
Total Risk-Based Capital12.82%13.13%13.38%13.37%14.12%+130 bps
Equity / Assets8.97%9.55%9.87%9.85%10.29%+131 bps
Liquidity & Funding
Loans / Deposits83.63%81.49%79.62%78.62%81.55%-208 bps
Liquid Assets / Assets0.67%0.39%1.19%0.91%0.35%-32 bps
CRE / Total Capitaln/a149.29%135.48%136.02%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

Reliance State Bank

Story City, IA · Cert 9299 · Peer group: banks under $1B in assets in IA (n=134-135) · Ames National Corp.

State charter, non-member · FDIC · 5 affiliate banks · 2 branches (19 in holding)

Q2 2026

$276.8MAssets
$191.4MLoans
$234.7MDeposits
$28.5MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 52% of banks under $1B in assets in IA (rank 65 of 135).
  • Widest gap: nonperforming loans / loans trails 93% of banks under $1B in assets in IA (rank 126 of 134).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.84%

Rank 109 of 135

Net Interest Margin

2.85%

Rank 107 of 135

Efficiency Ratio

59.29%

Rank 82 of 135

Equity / Assets

10.29%

Rank 86 of 135

Non-interest income vs. expense

$0.6M$5.1MINCOMEEXPENSE
Unfavorable gap of $4.5M · efficiency ratio beats 40% of banks under $1B in assets in IA
Bank 59.29%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.84%0.92%1.19%1.47%Beats 19%109 / 135
Return on Equity8.17%7.99%10.26%13.14%Beats 27%99 / 135
Net Interest Margin2.85%2.95%3.41%3.73%Beats 21%107 / 135
Efficiency Ratio59.29%50.61%57.35%63.29%Beats 40%82 / 135
Asset Quality
Nonperforming Loans / Loans2.95%0.03%0.51%1.26%Beats 7%126 / 134
Net Charge-Offs / Loans0.15%n/a0.01%0.03%Beats 9%123 / 134
Capital
Tier 1 Capital Ratio12.87%11.23%13.31%15.45%Beats 44%76 / 135
Total Risk-Based Capital Ratio14.12%11.61%14.06%16.47%Beats 52%65 / 135
Equity / Assets10.29%9.87%11.05%13.07%Beats 36%86 / 135
Liquidity & Funding
Loans / Deposits81.55%68.54%81.55%91.24%50th pctl67 / 134
Loans / Assets69.14%57.61%68.06%76.23%54th pctl62 / 135
Brokered Deposits / Depositsn/aNot reported for this institution