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Security State Bank of Hibbing

Hibbing, MN · Cert 10175 · Security Finl Services Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

55

Q2 2024Q2 2026peer median (50)

Asset Quality

11

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

94

Q2 2024Q2 2026peer median

Efficiency

41

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 Hibbing

Hibbing, MN · Cert 10175 · Security Finl Services Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$151.9MAssets
$99.2MLoans
$129.9MDeposits
$14.1MEquity
Loan mix
64%RE $58.0M31%C&I $28.4M5%Consumer $4.4MQ2 2025Q2 2026
Deposit mix
58%Interest-bearing $75.4M42%Noninterest $54.5MQ2 2025Q2 2026

NIM

4.67%Q2 ’244.60%Q2 ’255.07%Q2 ’26-1%+16%

Non-interest income vs. expense

2.83%Q2 ’243.07%Q2 ’253.31%Q2 ’26+4%+11%

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 2.0% share · #8 of 26 inst. · $0.1B of $6.6B

Executive Summary

  • Earnings: ROA of 1.07%, up 49 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 1.54% of loans (-45 bps YoY), with net charge-offs at 0.64%.
  • Capital: tier 1 leverage ratio of 11.64%, up 85 bps from a year ago.
  • Funding: loans stand at 76.39% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.07%+49 bps YoY

Net Interest Margin (YTD, annualized)

4.28%+60 bps YoY

Efficiency Ratio (YTD, annualized)

68.19%-348 bps YoY

Tier 1 Leverage Ratio

11.64%+85 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.58%0.74%0.80%1.02%1.07%+49 bps
Return on Equity7.18%9.02%9.47%10.98%11.60%+442 bps
Net Interest Margin3.69%3.72%3.82%4.09%4.28%+60 bps
Efficiency Ratio71.67%69.69%67.65%70.36%68.19%-348 bps
Non-Interest Burden2.47%2.42%2.41%2.71%2.74%+27 bps
Growth
Asset Growth (YoY)-3.15%-5.07%-1.75%-0.59%0.96%+410 bps
Loan Growth (YoY)4.96%1.83%8.72%5.33%8.41%+345 bps
Deposit Growth (YoY)0.27%-4.01%-3.37%-3.17%-4.28%-455 bps
Asset Quality
Nonperforming Loans / Loans2.00%1.98%2.01%1.73%1.54%-45 bps
Net Charge-Offs / Loans0.07%0.05%0.04%1.29%0.64%+56 bps
Allowance / Loans1.67%1.74%1.90%1.65%1.56%-10 bps
Allowance Coverage of NPLs0.8x0.9x0.9x1.0x1.0x+0.2x
Capital
Tier 1 Leverage Ratio10.79%10.91%11.10%11.20%11.64%+85 bps
Total Risk-Based Capital16.94%17.67%17.60%17.76%16.83%-11 bps
Equity / Assets8.37%8.74%9.36%9.16%9.25%+87 bps
Liquidity & Funding
Loans / Deposits67.45%64.63%69.71%71.67%76.39%+894 bps
Liquid Assets / Assets3.90%6.16%4.57%2.93%2.21%-168 bps
CRE / Total Capitaln/a193.04%179.41%182.73%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 Hibbing

Hibbing, MN · Cert 10175 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Security Finl Services Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$151.9MAssets
$99.2MLoans
$129.9MDeposits
$14.1MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 80% of banks under $1B in assets operating in a single state (rank 151 of 746).
  • Widest gap: net charge-offs / loans trails 95% of banks under $1B in assets operating in a single state (rank 705 of 743).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.06%

Rank 378 of 746

Net Interest Margin

4.28%

Rank 151 of 746

Efficiency Ratio

68.19%

Rank 438 of 746

Equity / Assets

9.25%

Rank 525 of 746

Non-interest income vs. expense

$0.9M$4.9MINCOMEEXPENSE
Unfavorable gap of $4.1M · efficiency ratio beats 41% of banks under $1B in assets operating in a single state
Bank 68.19%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.06%0.72%1.06%1.45%Beats 49%378 / 746
Return on Equity11.44%6.74%10.51%13.63%Beats 59%306 / 746
Net Interest Margin4.28%3.17%3.68%4.16%Beats 80%151 / 746
Efficiency Ratio68.19%55.74%64.58%75.47%Beats 41%438 / 746
Asset Quality
Nonperforming Loans / Loans1.54%0.09%0.42%1.07%Beats 16%623 / 743
Net Charge-Offs / Loans0.32%0.00%0.01%0.05%Beats 5%705 / 743
Capital
Tier 1 Capital Ratio15.58%11.55%13.75%17.60%Beats 66%251 / 746
Total Risk-Based Capital Ratio16.83%11.71%14.33%18.43%Beats 69%233 / 746
Equity / Assets9.25%8.90%10.51%13.06%Beats 30%525 / 746
Liquidity & Funding
Loans / Deposits76.39%61.31%78.27%90.78%46th pctl401 / 746
Loans / Assets65.32%53.60%66.97%76.08%46th pctl406 / 746
Brokered Deposits / Depositsn/aNot reported for this institution