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Connection Bank

Fort Madison, IA · Cert 955 · Fort Madison Financial Co.

State charter, Fed member · FED · 5 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

35

Q2 2024Q2 2026peer median (50)

Asset Quality

42

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

60

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

Connection Bank

Fort Madison, IA · Cert 955 · Fort Madison Financial Co.

State charter, Fed member · FED · 5 branches

Q2 2026

$540.9MAssets
$476.2MLoans
$452.4MDeposits
$55.6MEquity
Loan mix
84%RE $390.4M14%C&I $65.1M2%Consumer $7.0MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $347.3M23%Noninterest $105.0MQ2 2025Q2 2026

NIM

4.94%Q2 ’245.20%Q2 ’255.41%Q2 ’26+17%+8%

Non-interest income vs. expense

2.08%Q2 ’242.16%Q2 ’252.21%Q2 ’26+4%+0%

Executive Summary

  • Earnings: ROA of 1.42%, up 18 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.26% of loans (-12 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 9.98%, up 21 bps from a year ago.
  • Funding: loans stand at 105.26% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.42%+18 bps YoY

Net Interest Margin (YTD, annualized)

3.56%+26 bps YoY

Efficiency Ratio (YTD, annualized)

54.04%-240 bps YoY

Tier 1 Leverage Ratio

9.98%+21 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.24%1.26%1.22%1.43%1.42%+18 bps
Return on Equity12.62%12.80%12.31%14.34%14.13%+151 bps
Net Interest Margin3.29%3.32%3.27%3.42%3.56%+26 bps
Efficiency Ratio56.44%55.73%57.22%53.41%54.04%-240 bps
Non-Interest Burden1.65%1.64%1.67%1.56%1.66%0 bps
Growth
Asset Growth (YoY)2.74%4.17%10.54%4.87%5.07%+233 bps
Loan Growth (YoY)6.57%8.75%7.45%5.80%3.35%-322 bps
Deposit Growth (YoY)3.68%4.99%10.82%4.03%4.85%+117 bps
Asset Quality
Nonperforming Loans / Loans0.38%0.40%0.39%0.37%0.26%-12 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.09%0.07%+6 bps
Allowance / Loans1.11%1.11%1.14%1.14%1.15%+4 bps
Allowance Coverage of NPLs2.9x2.8x2.9x3.0x4.5x+1.5x
Capital
Tier 1 Leverage Ratio9.77%9.89%9.70%9.40%9.98%+21 bps
Total Risk-Based Capital12.16%12.36%12.32%12.39%12.71%+55 bps
Equity / Assets9.94%9.98%9.92%9.98%10.29%+35 bps
Liquidity & Funding
Loans / Deposits106.79%105.17%104.56%104.38%105.26%-153 bps
Liquid Assets / Assets1.12%2.42%2.83%3.17%2.50%+138 bps
CRE / Total Capitaln/a307%313%306%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

Connection Bank

Fort Madison, IA · Cert 955 · Peer group: banks under $1B in assets in IA (n=134-135) · Fort Madison Financial Co.

State charter, Fed member · FED · 5 branches

Q2 2026

$540.9MAssets
$476.2MLoans
$452.4MDeposits
$55.6MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 78% of banks under $1B in assets in IA (rank 30 of 135).
  • Widest gap: net charge-offs / loans trails 78% of banks under $1B in assets in IA (rank 106 of 134).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.42%

Rank 48 of 135

Net Interest Margin

3.56%

Rank 48 of 135

Efficiency Ratio

54.04%

Rank 55 of 135

Equity / Assets

10.29%

Rank 85 of 135

Non-interest income vs. expense

$3.0M$12.0MINCOMEEXPENSE
Unfavorable gap of $9.0M · efficiency ratio beats 60% of banks under $1B in assets in IA
Bank 54.04%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.42%0.92%1.19%1.47%Beats 64%48 / 135
Return on Equity13.84%7.99%10.26%13.14%Beats 78%30 / 135
Net Interest Margin3.56%2.95%3.41%3.73%Beats 64%48 / 135
Efficiency Ratio54.04%50.61%57.35%63.29%Beats 60%55 / 135
Asset Quality
Nonperforming Loans / Loans0.26%0.03%0.51%1.26%Beats 61%53 / 134
Net Charge-Offs / Loans0.03%n/a0.01%0.03%Beats 22%106 / 134
Capital
Tier 1 Capital Ratio11.54%11.23%13.31%15.45%Beats 30%95 / 135
Total Risk-Based Capital Ratio12.71%11.61%14.06%16.47%Beats 39%83 / 135
Equity / Assets10.29%9.87%11.05%13.07%Beats 37%85 / 135
Liquidity & Funding
Loans / Deposits105.26%68.54%81.55%91.24%92nd pctl11 / 134
Loans / Assets88.03%57.61%68.06%76.23%96th pctl5 / 135
Brokered Deposits / Depositsn/aNot reported for this institution