Hibbing, MN · Cert 10175 · Security Finl Services Inc.
State charter, non-member · FDIC · 1 branch
Q2 2026
Market Position · Duluth, MN-WI · 2026 SOD (annual) · 2.0% share · #8 of 26 inst. · $0.1B of $6.6B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.03% | 0.98% | 0.72% | 0.45% | 1.07% | 0.97% | 1.02% | 1.14% | +69 bps | |
| Return on Equity | 13.99% | 12.66% | 9.03% | 5.44% | 12.51% | 10.73% | 10.98% | 12.42% | +698 bps | |
| Net Interest Margin | 3.52% | 3.66% | 3.64% | 3.71% | 3.88% | 4.14% | 4.09% | 4.42% | +70 bps | |
| Efficiency Ratio | 66.11% | 66.65% | 65.77% | 77.68% | 65.87% | 62.06% | 70.36% | 66.13% | -1,155 bps | |
| Non-Interest Burden | 2.14% | 2.28% | 2.17% | 2.77% | 2.39% | 2.38% | 2.71% | 2.73% | -4 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 2.99% | -0.85% | -3.75% | -3.15% | -5.07% | -1.75% | -0.59% | 0.96% | +410 bps | |
| Loan Growth (YoY) | 0.26% | -3.22% | -1.81% | 4.96% | 1.83% | 8.72% | 5.33% | 8.41% | +345 bps | |
| Deposit Growth (YoY) | 3.17% | 1.81% | -3.23% | 0.27% | -4.01% | -3.37% | -3.17% | -4.28% | -455 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.97% | 2.35% | 2.17% | 2.00% | 1.98% | 2.01% | 1.73% | 1.54% | -45 bps | |
| Net Charge-Offs / Loans | 0.09% | 0.15% | 0.14% | 0.01% | 0.01% | 0.02% | 1.29% | 0.08% | +7 bps | |
| Allowance / Loans | 1.36% | 1.37% | 1.57% | 1.67% | 1.74% | 1.90% | 1.65% | 1.56% | -10 bps | |
| Allowance Coverage of NPLs | 0.7x | 0.6x | 0.7x | 0.8x | 0.9x | 0.9x | 1.0x | 1.0x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.17% | 10.39% | 10.62% | 10.79% | 10.91% | 11.10% | 11.20% | 11.64% | +85 bps | |
| Total Risk-Based Capital | 16.64% | 17.17% | 16.89% | 16.94% | 17.67% | 17.60% | 17.76% | 16.83% | -11 bps | |
| Equity / Assets | 7.76% | 7.77% | 8.13% | 8.37% | 8.74% | 9.36% | 9.16% | 9.25% | +87 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 60.92% | 61.95% | 65.89% | 67.45% | 64.63% | 69.71% | 71.67% | 76.39% | +894 bps | |
| Liquid Assets / Assets | 9.01% | 6.69% | 3.70% | 3.90% | 6.16% | 4.57% | 2.93% | 2.21% | -168 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 193.04% | 179.41% | 182.73% | n/a | n/a | |