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Iowa State Bank

Algona, IA · Cert 950 · Mid-Iowa Bancshares Co.

State charter, non-member · FDIC · 5 branches

Q2 2026

$470.7MAssets
$304.0MLoans
$378.9MDeposits
$42.9MEquity
Loan mix
92%RE $241.9M5%C&I $14.0M2%Consumer $5.7MQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $326.4M14%Noninterest $52.5MQ2 2025Q2 2026

NIM

4.81%Q2 ’244.95%Q2 ’254.95%Q2 ’26+21%+8%

Non-interest income vs. expense

1.87%Q2 ’241.98%Q2 ’251.88%Q2 ’26+11%-7%

Executive Summary

  • Earnings: ROA of 1.26%, up 38 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.15% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.17%, up 24 bps from a year ago.
  • Funding: loans stand at 80.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.26%+38 bps YoY

Net Interest Margin (quarter, annualized)

3.03%+23 bps YoY

Efficiency Ratio (quarter, annualized)

55.78%-746 bps YoY

Tier 1 Leverage Ratio

11.17%+24 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.96%0.77%0.94%1.26%+38 bps
Return on Equity10.94%11.53%8.75%10.72%14.25%+331 bps
Net Interest Margin2.79%2.78%2.91%2.93%3.03%+23 bps
Efficiency Ratio63.23%61.01%72.86%62.49%55.78%-746 bps
Non-Interest Burden1.63%1.54%1.99%1.70%1.52%-11 bps
Growth
Asset Growth (YoY)-1.67%-2.14%0.05%4.75%1.19%+287 bps
Loan Growth (YoY)3.23%3.50%4.41%3.51%1.18%-205 bps
Deposit Growth (YoY)1.34%1.32%5.22%10.24%11.56%+1,022 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.28%0.21%0.12%0.15%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.35%1.32%1.35%1.34%1.34%-1 bps
Allowance Coverage of NPLs8.9x4.7x6.5x10.9x8.7x-0.2x
Capital
Tier 1 Leverage Ratio10.94%10.95%11.02%11.04%11.17%+24 bps
Total Risk-Based Capital16.77%16.64%16.95%16.91%17.05%+27 bps
Equity / Assets8.10%8.59%9.00%8.63%9.10%+101 bps
Liquidity & Funding
Loans / Deposits88.48%87.03%80.49%78.33%80.25%-823 bps
Liquid Assets / Assets0.32%0.26%0.56%1.92%1.84%+152 bps
CRE / Total Capitaln/a159.20%152.94%158.06%n/an/a