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Security State Bank of Marine

Marine on Saint Croix, MN · Cert 10163 · Marine Bancshares Inc.

State charter, non-member · FDIC · 4 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 the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

74

Q2 2024Q2 2026peer median (50)

Asset Quality

58

Q2 2024Q2 2026peer median (50)

Profitability

92

Q2 2024Q2 2026peer median (50)

Liquidity

76

Q2 2024Q2 2026peer median

Efficiency

96

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

Security State Bank of Marine

Marine on Saint Croix, MN · Cert 10163 · Marine Bancshares Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$232.5MAssets
$179.4MLoans
$206.1MDeposits
$25.1MEquity
Loan mix
91%RE $161.4M7%C&I $12.9M1%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $141.8M31%Noninterest $64.3MQ2 2025Q2 2026

NIM

5.24%Q2 ’245.43%Q2 ’255.60%Q2 ’26-1%+6%

Non-interest income vs. expense

2.05%Q2 ’242.12%Q2 ’251.98%Q2 ’26-1%+5%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #67 of 125 inst. · $0.2B of $253.2B

2.1% Washington
7.4% Chisago

Executive Summary

  • Earnings: ROA of 2.04%, up 12 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.13% of loans (-4 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.87%, up 42 bps from a year ago.
  • Funding: loans stand at 87.06% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.04%+12 bps YoY

Net Interest Margin (YTD, annualized)

4.35%+25 bps YoY

Efficiency Ratio (YTD, annualized)

42.50%-329 bps YoY

Tier 1 Leverage Ratio

10.87%+42 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.91%1.91%1.86%2.01%2.04%+12 bps
Return on Equity18.69%18.57%17.83%18.81%19.00%+31 bps
Net Interest Margin4.10%4.05%4.13%4.15%4.35%+25 bps
Efficiency Ratio45.78%45.57%47.39%41.47%42.50%-329 bps
Non-Interest Burden1.59%1.60%1.74%1.53%1.67%+7 bps
Growth
Asset Growth (YoY)8.96%8.41%5.65%2.65%3.03%-594 bps
Loan Growth (YoY)5.24%1.70%2.90%4.86%4.81%-43 bps
Deposit Growth (YoY)9.04%8.44%5.17%2.03%2.50%-654 bps
Asset Quality
Nonperforming Loans / Loans0.17%0.14%0.13%0.13%0.13%-4 bps
Net Charge-Offs / Loans0.00%-0.01%-0.06%0.08%0.04%+4 bps
Allowance / Loans1.24%1.27%1.32%1.31%1.32%+8 bps
Allowance Coverage of NPLs7.4x9.4x10.0x10.1x10.3x+2.9x
Capital
Tier 1 Leverage Ratio10.45%10.46%10.98%10.50%10.87%+42 bps
Total Risk-Based Capital16.51%17.01%16.95%16.07%16.34%-18 bps
Equity / Assets10.34%10.31%10.97%10.43%10.79%+45 bps
Liquidity & Funding
Loans / Deposits85.15%81.81%84.93%84.40%87.06%+191 bps
Liquid Assets / Assets13.68%16.36%11.29%10.59%8.16%-552 bps
CRE / Total Capitaln/a193.23%201%212%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

Security State Bank of Marine

Marine on Saint Croix, MN · Cert 10163 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Marine Bancshares Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$232.5MAssets
$179.4MLoans
$206.1MDeposits
$25.1MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 96% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 2 of 53).
  • Widest gap: net charge-offs / loans trails 62% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 34 of 53).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.05%

Rank 2 of 53

Net Interest Margin

4.35%

Rank 8 of 53

Efficiency Ratio

42.50%

Rank 3 of 53

Equity / Assets

10.79%

Rank 13 of 53

Non-interest income vs. expense

$0.7M$4.6MINCOMEEXPENSE
Unfavorable gap of $3.9M · efficiency ratio beats 96% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 42.50%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.05%0.73%1.11%1.30%Beats 96%2 / 53
Return on Equity18.95%7.88%12.20%14.12%Beats 94%3 / 53
Net Interest Margin4.35%3.39%3.77%4.09%Beats 85%8 / 53
Efficiency Ratio42.50%56.05%65.05%71.57%Beats 96%3 / 53
Asset Quality
Nonperforming Loans / Loans0.13%0.14%0.52%1.20%Beats 77%13 / 53
Net Charge-Offs / Loans0.02%0.00%0.01%0.08%Beats 38%34 / 53
Capital
Tier 1 Capital Ratio15.08%10.73%12.98%15.08%Beats 74%14 / 53
Total Risk-Based Capital Ratio16.34%11.49%13.79%16.34%Beats 74%14 / 53
Equity / Assets10.79%8.08%9.25%10.72%Beats 75%13 / 53
Liquidity & Funding
Loans / Deposits87.06%72.13%82.29%93.80%57th pctl23 / 53
Loans / Assets77.17%63.64%71.80%79.37%70th pctl16 / 53
Brokered Deposits / Depositsn/aNot reported for this institution