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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 $2.6MQ3 2024Q2 2026
Deposit mix
92%Interest-bearing $38.8M8%Noninterest $3.5MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.65%1.65%1.28%1.19%1.18%1.15%1.33%1.32%+13 bps
Return on Equity10.70%10.80%8.57%7.75%7.45%7.41%9.03%8.68%+93 bps
Net Interest Margin3.49%3.34%2.86%2.77%2.92%2.74%3.12%3.10%+33 bps
Efficiency Ratio40.00%39.34%44.42%47.46%48.29%49.16%46.24%46.63%-83 bps
Non-Interest Burden1.33%1.26%1.22%1.26%1.36%1.30%1.40%1.39%+13 bps
Growth
Asset Growth (YoY)8.93%1.22%0.74%0.66%1.26%2.54%1.99%0.59%-7 bps
Loan Growth (YoY)3.93%7.18%8.18%2.69%8.75%9.58%14.51%16.40%+1,370 bps
Deposit Growth (YoY)7.40%0.42%0.11%0.15%1.20%2.52%2.35%0.94%+79 bps
Asset Quality
Nonperforming Loans / Loans1.42%1.32%1.23%1.20%1.24%0.79%1.02%1.00%-20 bps
Net Charge-Offs / Loans0.15%0.13%-0.02%-0.07%-0.05%0.02%0.00%-0.01%+6 bps
Allowance / Loans3.77%3.70%3.66%3.71%3.47%3.24%3.06%3.03%-67 bps
Allowance Coverage of NPLs2.7x2.8x3.0x3.1x2.8x4.1x3.0x3.0x-0.1x
Capital
Tier 1 Leverage Ratio16.63%15.23%15.22%15.50%16.85%14.85%14.97%15.75%+25 bps
Total Risk-Based Capital55.37%52.24%50.36%53.98%51.15%47.80%44.29%47.46%-652 bps
Equity / Assets17.32%14.63%15.15%16.26%17.43%14.61%14.89%16.02%-24 bps
Liquidity & Funding
Loans / Deposits41.78%36.48%37.73%39.67%44.89%38.99%42.21%45.74%+607 bps
Liquid Assets / Assets44.27%50.01%14.29%20.89%1.69%13.03%9.34%16.49%-440 bps
CRE / Total Capitaln/an/an/an/a31.84%41.26%47.62%n/an/a