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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