NEWS RELEASE FOR IMMEDIATE RELEASE July 21, 2026 Contact: Mr. Patrick McWilliams Chief Financial Officer and Investor Relations (217) 356-2265 Great American Bancorp, Inc. Announces Earnings for the Six Months Ending June 30, 2026
Champaign, Illinois - Great American Bancorp, Inc. (OTC Pink®/GTPS), the holding company for First Federal Savings Bank of Champaign-Urbana, reported net income of $1.821 million for the six months ending June 30, 2026, which is an increase of $46 thousand, or 2.59% from $1.775 million reported for the six months ending June 30, 2025. Basic and fully diluted earnings per share were
$5.11 for the six months ending June 30, 2026 compared to $4.93 for the same period in 2025. The return on average assets ("ROA") and the return on average equity ("ROE") were 1.83% and 13.30% for the six months ending June 30, 2026, decreasing from 1.83% ROA and 14.77% ROE for the same period in 2025.
Interest income from loans increased $205 thousand in the first six months of 2026 compared to the same period in 2025 due to an increase in loans, as well as an increase in yield. Average gross loans increased $3.791 million from $108.663 million for the six months ending June 30, 2025 to $112.454 for the six months ending June 30, 2026. In addition, the yield on loans increased from 6.51% for the six months ending June 30, 2025 to 6.66% for the six months ending June 30, 2026. Interest income from securities decreased $211 thousand in the first six months of 2026 compared to the same period in 2025 due to a decrease in securities and a decrease in yield on securities. Average securities decreased $3.462 from $50.889 million for the six months ending June 30, 2025 to $47.427 million for the six months ending June 30, 2026. The yield on securities decreased from 4.67% for the six months ending June 30, 2025 to 4.11% for the six months ending June 30, 2026.
Noninterest income increased $210 thousand in the six months ending June 30, 2026 compared to the same period in 2025, from $1.673 million for the six months ending June 30, 2025 to $1.883 million for the same period in 2026. The increase in noninterest income is primarily due to an increase in net gain on sale of loans. During the first six months of 2026, $5.877 million of loans were sold compared to $624 thousand during the same period in 2025.
Total noninterest expense increased $107 thousand, from $4.442 million for the six months ending June 30, 2025 to $4.549 million for the same period in 2026, primarily due to an increase in salaries and employee benefits.
Net income for the three months ending June 30, 2026 was $863 thousand, which is a decrease of $7 thousand from $870 thousand reported for the same period in 2025. The return on average assets ("ROA") and the return on average equity ("ROE") were 1.72% and 12.35% for the three months ending June 30, 2026, decreasing from 1.79% ROA and 14.18% ROE for the same period in 2025.
Total assets at June 30, 2026 were $192.708 million compared to $198.464 million at December 31, 2025, a decrease of $5.756 million. Total net loans, including loans held for sale, were $116.030 million at June 30, 2026, increasing $6.030 million or 5.48% from total net loans of $110.000 million at December 31, 2025. Total deposits decreased $7.590 million, from $168.993 million at December 31, 2025 to $161.403 million at June 30, 2026.
First Federal Savings Bank of Champaign-Urbana is headquartered in Champaign, Illinois, and operates through its administrative/branch office in Champaign and through one additional full service branch located in Urbana, Illinois. The Bank also provides full service brokerage activities through a third-party broker-dealer. The Bank's subsidiary, Park Avenue Service Corporation, sells insurance products through the GTPS Insurance Agency. The Bank's deposits are insured by the Federal Deposit Insurance Corporation.
This earnings report may contain certain forward-looking statements which are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting the Company's operations, pricing, products and services. Great American Bancorp, Inc. stock is traded on OTC Pink®, under the symbol, "GTPS."
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GTPS-pr-2026-04
GREAT AMERICAN BANCORP, INC. AND SUBSIDIARY Consolidated Balance SheetsJune 30, 2026 and December 31, 2025
(unaudited except amounts reported as of December 31, 2025; in thousands, except share data)
2026 | 2025 | |
Assets Cash and due from banks | $ 4,002 | $ 3,794 |
Interest-bearing demand deposits | 20,436 | 27,273 |
Cash and cash equivalents | 24,438 | 31,067 |
Securities available for sale | 7 | 9 |
Securities held to maturity | 45,132 | 50,270 |
Federal Home Loan Bank stock, at cost | 348 | 318 |
Loans held for sale | 309 | 75 |
Loans, net of allowance for credit losses (2026 - $1,068; 2025 - $1,023) | 115,721 | 109,925 |
Premises and equipment, net | 4,101 | 4,177 |
Goodwill | 485 | 485 |
Other assets | 2,167 | 2,138 |
Total assets | $ 192,708 | $ 198,464 |
Liabilities and Stockholders' Equity
Liabilities
Deposits | ||
Noninterest-bearing | $ 51,305 | $ 54,523 |
Interest-bearing | 110,098 | 114,470 |
Total deposits | 161,403 | 168,993 |
Advances from borrowers for taxes and insurance | 462 | 459 |
Other liabilities | 2,342 | 2,101 |
Total liabilities | 164,207 | 171,553 |
Stockholders' Equity | ||
Preferred stock, $0.01 par value; | ||
1,000,000 shares authorized; none issued | - | - |
Common stock, $0.01 par value; | ||
1,000,000 shares authorized and issued | 10 | 10 |
Additional paid-in capital | 3,310 | 3,310 |
Retained earnings | 45,418 | 43,828 |
Accumulated other comprehensive loss | 529 | 529 |
Common stock in treasury, at cost (2026 - 643,664 shares; 2025 - 643,664 shares) | (20,766) | (20,766) |
Total stockholders' equity | 28,501 | 26,911 |
Total liabilities and stockholders' equity | $ 192,708 | $ 198,464 |
(unaudited, in thousands, except share data)
2026 2025
Interest and Dividend Income | ||
Loans | $ 3,679 | $ 3,474 |
Securities | 967 | 1,178 |
Dividends on Federal Home Loan Bank stock | 6 | 6 |
Deposits with financial institutions and other | 565 | 573 |
Total interest and dividend income | 5,217 | 5,231 |
Interest Expense | ||
Deposits | 17 | 18 |
Other | 1 | 2 |
Total interest expense | 18 | 20 |
Net Interest Income | 5,199 | 5,211 |
Provision for Credit Losses | 45 | 45 |
Net Interest Income After Provision for Credit Losses | 5,154 | 5,166 |
Noninterest Income | ||
Insurance sales commissions | 1,210 | 1,119 |
Customer service fees | 207 | 202 |
Other service charges and fees | 143 | 160 |
Net gain on sales of loans | 142 | 19 |
Loan servicing fees, net of amortization of mortgage servicing rights | 25 | 31 |
Other | 156 | 142 |
Total noninterest income | 1,883 | 1,673 |
Noninterest Expense | ||
Salaries and employee benefits | 2,593 | 2,505 |
Occupancy expense | 347 | 337 |
Equipment expense | 424 | 414 |
Professional fees | 304 | 283 |
Marketing expense | 169 | 138 |
Directors and committee fees | 88 | 88 |
Printing and office supplies | 61 | 63 |
FDIC deposit insurance expense | 43 | 43 |
Other real estate owned expense, net | - | 23 |
Other | 520 | 548 |
Total noninterest expense | 4,549 | 4,442 |
Income Before Income Taxes | 2,488 | 2,397 |
Income tax expense | 667 | 622 |
Net Income | $ 1,821 | $ 1,775 |
Earnings per share, basic and diluted | $ 5.11 | $ 4.93 |
Dividends Declared per Share | $ 0.65 | $ 0.50 |
(unaudited, in thousands, except share data)
2026 2025
Interest and Dividend Income | |||
Loans | $ 1,859 | $ 1,755 | |
Securities | 453 | 565 | |
Dividends on Federal Home Loan Bank stock | 3 | 3 | |
Deposits with financial institutions and other | 291 | 287 | |
Total interest and dividend income | 2,606 | 2,610 | |
Interest Expense | |||
Deposits | 8 | 9 | |
Other | - | 1 | |
Total interest expense | 8 | 10 | |
Net Interest Income | 2,598 | 2,600 | |
Provision for Credit Losses | 45 | - | |
Net Interest Income After Provision for Credit Losses | 2,553 | 2,600 | |
Noninterest Income | |||
Insurance sales commissions | 547 | 520 | |
Customer service fees | 110 | 105 | |
Other service charges and fees | 75 | 84 | |
Net gain on sales of loans | 86 | 13 | |
Loan servicing fees, net of amortization of mortgage servicing rights | 12 | 17 | |
Other | 83 | 56 | |
Total noninterest income | 913 | 795 | |
Noninterest Expense | |||
Salaries and employee benefits | 1,274 | 1,257 | |
Occupancy expense | 178 | 170 | |
Equipment expense | 215 | 204 | |
Professional fees | 152 | 133 | |
Marketing expense | 97 | 70 | |
Directors and committee fees | 44 | 44 | |
Printing and office supplies | 29 | 33 | |
FDIC deposit insurance expense | 22 | 22 | |
Other real estate owned expense, net | - | 1 | |
Other | 272 | 284 | |
Total noninterest expense | 2,283 | 2,218 | |
Income Before Income Taxes | 1,183 | 1,177 | |
Income tax expense | 320 | 307 | |
Net Income | $ 863 | $ 870 | |
Earnings per share, basic and diluted | $ 2.42 | $ 2.42 | |
Dividends Declared per Share | $ 0.35 | $ 0.25 | |
GREAT AMERICAN BANCORP, INC. AND SUBSIDIARY | ||
Selected Financial Data (unaudited, in thousands, except share data) | ||
As of | As of | |
June 30, 2026 | December 31, 2025 | |
Total assets | $ 192,708 | $ 198,464 |
Total loans, net | 116,030 | 110,000 |
Loan loss reserve | 1,068 | 1,023 |
Non-performing loans | 107 | 141 |
Non-performing loans to total assets | 0.06% | 0.07% |
Allowance for credit losses to total loans | 0.91% | 0.92% |
Allowance for credit losses to total assets | 0.55% | 0.52% |
Investment securities | 45,139 | 50,279 |
Total deposits | 161,403 | 168,993 |
Checking deposits | 99,466 | 108,192 |
Money market deposits | 16,025 | 16,194 |
Savings deposits | 41,178 | 39,573 |
Certificates of deposit | 4,734 | 5,034 |
Total stockholders' equity | 28,501 | 26,911 |
Three Months Ended | Three Months Ended | Six Months Ended | Six Months Ended | |
June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
Net interest margin (annualized) | 5.45% | 5.64% | 5.50% | 5.68% |
Return on average assets (annualized) | 1.72% | 1.79% | 1.83% | 1.83% |
Return on average equity (annualized) | 12.35% | 14.18% | 13.30% | 14.77% |