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Northern State Bank of Gonvick, The

Gonvick, MN · Cert 10187

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 in MN3

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 MN (n=111 to 113). 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

95

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

36

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

93

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

Northern State Bank of Gonvick, The

Gonvick, MN · Cert 10187

State charter, non-member · FDIC · 1 branch

Q2 2026

$50.6MAssets
$19.3MLoans
$42.3MDeposits
$8.1MEquity
Loan mix
71%RE $11.6M13%C&I $2.2M16%Consumer $2.6MQ2 2025Q2 2026
Deposit mix
92%Interest-bearing $38.8M8%Noninterest $3.5MQ2 2025Q2 2026

NIM

5.20%Q2 ’244.90%Q2 ’254.83%Q2 ’26-17%+12%

Non-interest income vs. expense

1.94%Q2 ’241.36%Q2 ’251.49%Q2 ’26-32%+10%

Executive Summary

  • Earnings: ROA of 1.32%, up 13 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 1.00% of loans (-20 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 15.75%, up 25 bps from a year ago.
  • Funding: loans stand at 45.74% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.32%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.10%+33 bps YoY

Efficiency Ratio (YTD, annualized)

46.63%-83 bps YoY

Tier 1 Leverage Ratio

15.75%+25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.19%1.18%1.15%1.33%1.32%+13 bps
Return on Equity7.75%7.45%7.41%9.03%8.68%+93 bps
Net Interest Margin2.77%2.92%2.74%3.12%3.10%+33 bps
Efficiency Ratio47.46%48.29%49.16%46.24%46.63%-83 bps
Non-Interest Burden1.26%1.36%1.30%1.40%1.39%+13 bps
Growth
Asset Growth (YoY)0.66%1.26%2.54%1.99%0.59%-7 bps
Loan Growth (YoY)2.69%8.75%9.58%14.51%16.40%+1,370 bps
Deposit Growth (YoY)0.15%1.20%2.52%2.35%0.94%+79 bps
Asset Quality
Nonperforming Loans / Loans1.20%1.24%0.79%1.02%1.00%-20 bps
Net Charge-Offs / Loans-0.07%-0.05%0.02%0.00%-0.01%+6 bps
Allowance / Loans3.71%3.47%3.24%3.06%3.03%-67 bps
Allowance Coverage of NPLs3.1x2.8x4.1x3.0x3.0x-0.1x
Capital
Tier 1 Leverage Ratio15.50%16.85%14.85%14.97%15.75%+25 bps
Total Risk-Based Capital53.98%51.15%47.80%44.29%47.46%-652 bps
Equity / Assets16.26%17.43%14.61%14.89%16.02%-24 bps
Liquidity & Funding
Loans / Deposits39.67%44.89%38.99%42.21%45.74%+607 bps
Liquid Assets / Assets20.89%1.69%13.03%9.34%16.49%-440 bps
CRE / Total Capitaln/a31.84%41.26%47.62%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

Northern State Bank of Gonvick, The

Gonvick, MN · Cert 10187 · Peer group: banks under $1B in assets in MN (n=111-113)

State charter, non-member · FDIC · 1 branch

Q2 2026

$50.6MAssets
$19.3MLoans
$42.3MDeposits
$8.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: net interest margin trails 83% of banks under $1B in assets in MN (rank 94 of 113).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.38%

Rank 34 of 113

Net Interest Margin

3.10%

Rank 94 of 113

Efficiency Ratio

46.63%

Rank 9 of 113

Equity / Assets

16.02%

Rank 9 of 113

Non-interest income vs. expense

$50K$774KINCOMEEXPENSE
Unfavorable gap of $724K · efficiency ratio beats 93% of banks under $1B in assets in MN
Bank 46.63%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.38%0.87%1.20%1.41%Beats 70%34 / 113
Return on Equity8.58%8.92%11.27%13.99%Beats 21%89 / 113
Net Interest Margin3.10%3.42%3.88%4.31%Beats 17%94 / 113
Efficiency Ratio46.63%54.13%61.48%69.86%Beats 93%9 / 113
Asset Quality
Nonperforming Loans / Loans1.00%0.09%0.58%1.82%Beats 39%69 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio46.18%11.53%13.31%18.13%Beats 96%5 / 113
Total Risk-Based Capital Ratio47.46%12.12%14.43%19.39%Beats 96%5 / 113
Equity / Assets16.02%8.52%10.10%11.94%Beats 92%9 / 113
Liquidity & Funding
Loans / Deposits45.74%62.08%77.32%88.06%9th pctl101 / 111
Loans / Assets38.25%55.01%66.35%75.50%8th pctl104 / 113
Brokered Deposits / Depositsn/aNot reported for this institution