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Pine River State Bank

Pine River, MN · Cert 10194 · Norbanc Group Inc.

State charter, non-member · FDIC · 5 branches

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

52

Q2 2024Q2 2026peer median (50)

Asset Quality

73

Q2 2024Q2 2026peer median (50)

Profitability

24

Q2 2024Q2 2026peer median (50)

Liquidity

51

Q2 2024Q2 2026peer median

Efficiency

13

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

Pine River State Bank

Pine River, MN · Cert 10194 · Norbanc Group Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$185.3MAssets
$106.7MLoans
$169.8MDeposits
$15.1MEquity
Loan mix
92%RE $91.2M6%C&I $6.0M2%Consumer $1.6MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $124.2M27%Noninterest $45.6MQ2 2025Q2 2026

NIM

4.28%Q2 ’244.57%Q2 ’254.90%Q2 ’26+8%+11%

Non-interest income vs. expense

2.67%Q2 ’242.63%Q2 ’252.78%Q2 ’26-3%+11%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.0% share · #119 of 125 inst. · $0.0B of $253.2B

14.9% Cass
1.9% Crow Wing
0.5% Anoka

Executive Summary

  • Earnings: ROA of 0.72%, up 8 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.74% of loans (+62 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.48%, up 22 bps from a year ago.
  • Funding: loans stand at 62.85% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.72%+8 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+35 bps YoY

Efficiency Ratio (YTD, annualized)

74.89%-77 bps YoY

Tier 1 Leverage Ratio

8.48%+22 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.64%0.68%0.74%0.69%0.72%+8 bps
Return on Equity8.54%8.94%9.57%8.51%8.85%+31 bps
Net Interest Margin3.25%3.23%3.26%3.48%3.60%+35 bps
Efficiency Ratio75.66%74.29%72.84%74.57%74.89%-77 bps
Non-Interest Burden2.41%2.35%2.32%2.56%2.67%+26 bps
Growth
Asset Growth (YoY)2.68%-0.08%4.81%5.82%3.55%+86 bps
Loan Growth (YoY)0.56%-1.34%-2.09%0.01%5.08%+452 bps
Deposit Growth (YoY)3.64%0.76%3.64%5.49%3.16%-48 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.06%0.02%0.43%0.74%+62 bps
Net Charge-Offs / Loans0.00%0.00%0.02%0.00%0.00%0 bps
Allowance / Loans1.13%1.17%1.18%1.15%1.11%-2 bps
Allowance Coverage of NPLs9.4x18.4x58.8x2.7x1.5x-7.9x
Capital
Tier 1 Leverage Ratio8.26%8.07%8.19%8.22%8.48%+22 bps
Total Risk-Based Capital15.35%17.34%18.18%18.31%17.61%+227 bps
Equity / Assets7.83%8.00%8.16%8.09%8.17%+33 bps
Liquidity & Funding
Loans / Deposits61.71%60.22%58.01%61.37%62.85%+115 bps
Liquid Assets / Assets9.01%10.33%10.54%8.63%7.34%-168 bps
CRE / Total Capitaln/a228%225%245%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

Pine River State Bank

Pine River, MN · Cert 10194 · Peer group: banks under $1B in assets in MN (n=111-113) · Norbanc Group Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$185.3MAssets
$106.7MLoans
$169.8MDeposits
$15.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: efficiency ratio trails 87% of banks under $1B in assets in MN (rank 99 of 113).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.72%

Rank 95 of 113

Net Interest Margin

3.60%

Rank 77 of 113

Efficiency Ratio

74.89%

Rank 99 of 113

Equity / Assets

8.17%

Rank 92 of 113

Non-interest income vs. expense

$0.2M$5.1MINCOMEEXPENSE
Unfavorable gap of $4.9M · efficiency ratio beats 13% of banks under $1B in assets in MN
Bank 74.89%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.72%0.87%1.20%1.41%Beats 16%95 / 113
Return on Equity8.84%8.92%11.27%13.99%Beats 24%86 / 113
Net Interest Margin3.60%3.42%3.88%4.31%Beats 32%77 / 113
Efficiency Ratio74.89%54.13%61.48%69.86%Beats 13%99 / 113
Asset Quality
Nonperforming Loans / Loans0.74%0.09%0.58%1.82%Beats 45%62 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio16.36%11.53%13.31%18.13%Beats 68%36 / 113
Total Risk-Based Capital Ratio17.61%12.12%14.43%19.39%Beats 70%34 / 113
Equity / Assets8.17%8.52%10.10%11.94%Beats 19%92 / 113
Liquidity & Funding
Loans / Deposits62.85%62.08%77.32%88.06%25th pctl83 / 111
Loans / Assets57.58%55.01%66.35%75.50%30th pctl79 / 113
Brokered Deposits / Depositsn/aNot reported for this institution