Sherburne State Bank

Becker, MN · Cert 10169 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Saint Joseph Bancshares Acquisitions

State charter, non-member · FDIC · 1 affiliate bank · 4 branches (8 in holding)

Q2 2026

$351.1MAssets

$279.6MLoans

$289.5MDeposits

$30.6MEquity

Executive Summary

Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 13 of 53).
Widest gap: tier 1 capital ratio trails 85% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 45 of 53).
Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.97%

Rank 4 of 53

Net Interest Margin

4.40%

Rank 6 of 53

Efficiency Ratio

43.95%

Rank 4 of 53

Equity / Assets

8.73%

Rank 32 of 53

Non-interest income vs. expense

Unfavorable gap of $5.0M · efficiency ratio beats 94% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area

Metric	Your Bank	Peer 25th	Peer Median	Peer 75th	Standing	Rank
Earnings
Return on Assets	1.97%	0.73%	1.11%	1.30%	Beats 92%	4 / 53
Return on Equity	22.61%	7.88%	12.20%	14.12%	Beats 96%	2 / 53
Net Interest Margin	4.40%	3.39%	3.77%	4.09%	Beats 89%	6 / 53
Efficiency Ratio	43.95%	56.05%	65.05%	71.57%	Beats 94%	4 / 53
Asset Quality
Nonperforming Loans / Loans	0.02%	0.14%	0.52%	1.20%	Beats 89%	7 / 53
Net Charge-Offs / Loans	0.00%	0.00%	0.01%	0.08%	Beats 100%	13 / 53
Capital
Tier 1 Capital Ratio	10.24%	10.73%	12.98%	15.08%	Beats 15%	45 / 53
Total Risk-Based Capital Ratio	11.49%	11.49%	13.79%	16.34%	Beats 25%	40 / 53
Equity / Assets	8.73%	8.08%	9.25%	10.72%	Beats 40%	32 / 53
Liquidity & Funding
Loans / Deposits	96.58%	72.13%	82.29%	93.80%	79th pctl	11 / 53
Loans / Assets	79.65%	63.64%	71.80%	79.37%	75th pctl	13 / 53
Brokered Deposits / Deposits	n/a	Not reported for this institution