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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 $5.7MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $326.4M14%Noninterest $52.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.11%, up 37 bps year over year; NIM at 2.98%.
  • 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.

Return on Assets (YTD, annualized)

1.11%+37 bps YoY

Net Interest Margin (YTD, annualized)

2.98%+26 bps YoY

Efficiency Ratio (YTD, annualized)

59.05%-873 bps YoY

Tier 1 Leverage Ratio

11.17%+24 bps YoY

NIM

4.66%Q2 ’244.84%Q2 ’254.88%Q2 ’26+19%+9%

Non-interest income vs. expense

1.94%Q2 ’242.06%Q2 ’251.94%Q2 ’26+9%-7%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.60%0.62%0.61%0.74%0.82%0.81%0.94%1.11%+37 bps
Return on Equity8.04%8.34%7.76%9.39%10.09%9.74%10.72%12.44%+305 bps
Net Interest Margin2.28%2.35%2.63%2.72%2.72%2.77%2.93%2.98%+26 bps
Efficiency Ratio73.52%73.18%72.61%67.78%65.47%67.43%62.49%59.05%-873 bps
Non-Interest Burden1.57%1.62%1.81%1.72%1.65%1.74%1.70%1.61%-11 bps
Growth
Asset Growth (YoY)8.11%-0.84%-1.94%-1.67%-2.14%0.05%4.75%1.19%+287 bps
Loan Growth (YoY)13.07%2.06%2.47%3.23%3.50%4.41%3.51%1.18%-205 bps
Deposit Growth (YoY)3.92%1.64%0.79%1.34%1.32%5.22%10.24%11.56%+1,022 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.30%0.24%0.15%0.28%0.21%0.12%0.15%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.34%1.37%1.34%1.35%1.32%1.35%1.34%1.34%-1 bps
Allowance Coverage of NPLs6.0x4.6x5.6x8.9x4.7x6.5x10.9x8.7x-0.2x
Capital
Tier 1 Leverage Ratio10.40%10.61%10.81%10.94%10.95%11.02%11.04%11.17%+24 bps
Total Risk-Based Capital16.43%16.80%16.94%16.77%16.64%16.95%16.91%17.05%+27 bps
Equity / Assets8.12%7.58%8.05%8.10%8.59%9.00%8.63%9.10%+101 bps
Liquidity & Funding
Loans / Deposits85.20%81.12%83.42%88.48%87.03%80.49%78.33%80.25%-823 bps
Liquid Assets / Assets0.71%0.25%0.27%0.32%0.26%0.56%1.92%1.84%+152 bps
CRE / Total Capitaln/an/an/an/a159.20%152.94%158.06%n/an/a