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Letter portraitLegal landscapeQuarterYTD

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