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State Bank of Jeffers

Jeffers, MN · Cert 10200

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

83

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

82

Q2 2024Q2 2026peer median (50)

Liquidity

45

Q2 2024Q2 2026peer median

Efficiency

99

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

State Bank of Jeffers

Jeffers, MN · Cert 10200

State charter, non-member · FDIC · 1 branch

Q2 2026

$37.1MAssets
$19.1MLoans
$31.2MDeposits
$5.5MEquity
Loan mix
30%RE $2.7M51%C&I $4.7M19%Consumer $1.8MQ2 2025Q2 2026
Deposit mix
64%Interest-bearing $20.1M36%Noninterest $11.2MQ2 2025Q2 2026

NIM

5.63%Q2 ’245.42%Q2 ’255.17%Q2 ’26-6%-1%

Non-interest income vs. expense

1.65%Q2 ’241.86%Q2 ’251.69%Q2 ’26+14%-9%

Executive Summary

  • Earnings: ROA of 2.24%, up 53 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.86%.
  • Capital: tier 1 leverage ratio of 14.06%, up 102 bps from a year ago.
  • Funding: loans stand at 61.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.24%+53 bps YoY

Net Interest Margin (YTD, annualized)

4.27%-5 bps YoY

Efficiency Ratio (YTD, annualized)

38.71%-333 bps YoY

Tier 1 Leverage Ratio

14.06%+102 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.71%1.71%1.58%2.52%2.24%+53 bps
Return on Equity13.74%13.39%12.28%18.91%16.27%+253 bps
Net Interest Margin4.32%4.35%4.18%4.23%4.27%-5 bps
Efficiency Ratio42.04%43.70%47.82%39.86%38.71%-333 bps
Non-Interest Burden1.76%1.84%1.95%1.60%1.59%-17 bps
Growth
Asset Growth (YoY)4.59%0.45%-3.24%3.63%-0.29%-488 bps
Loan Growth (YoY)5.45%2.77%1.74%0.49%-3.92%-936 bps
Deposit Growth (YoY)3.90%-0.60%-4.98%2.35%-2.31%-621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.00%-1.58%-0.86%-87 bps
Allowance / Loans1.28%1.28%1.27%1.24%1.36%+8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio13.04%13.51%12.86%13.58%14.06%+102 bps
Total Risk-Based Capital19.68%20.22%20.00%19.27%21.98%+230 bps
Equity / Assets13.22%13.57%13.37%13.26%14.74%+152 bps
Liquidity & Funding
Loans / Deposits62.21%62.09%61.85%60.51%61.18%-102 bps
Liquid Assets / Assets31.63%31.53%31.34%29.70%31.98%+35 bps
CRE / Total Capitaln/a16.49%15.66%15.81%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

State Bank of Jeffers

Jeffers, MN · Cert 10200 · Peer group: banks under $1B in assets in MN (n=111-113)

State charter, non-member · FDIC · 1 branch

Q2 2026

$37.1MAssets
$19.1MLoans
$31.2MDeposits
$5.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 12 of 111).
  • Widest gap: net interest margin trails 29% of banks under $1B in assets in MN (rank 33 of 113).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

2.31%

Rank 6 of 113

Net Interest Margin

4.27%

Rank 33 of 113

Efficiency Ratio

38.71%

Rank 2 of 113

Equity / Assets

14.74%

Rank 14 of 113

Non-interest income vs. expense

$40K$658KINCOMEEXPENSE
Unfavorable gap of $618K · efficiency ratio beats 99% of banks under $1B in assets in MN
Bank 38.71%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.31%0.87%1.20%1.41%Beats 95%6 / 113
Return on Equity15.66%8.92%11.27%13.99%Beats 81%21 / 113
Net Interest Margin4.27%3.42%3.88%4.31%Beats 71%33 / 113
Efficiency Ratio38.71%54.13%61.48%69.86%Beats 99%2 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 100%12 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio20.98%11.53%13.31%18.13%Beats 81%21 / 113
Total Risk-Based Capital Ratio21.98%12.12%14.43%19.39%Beats 81%21 / 113
Equity / Assets14.74%8.52%10.10%11.94%Beats 88%14 / 113
Liquidity & Funding
Loans / Deposits61.18%62.08%77.32%88.06%21st pctl88 / 111
Loans / Assets51.55%55.01%66.35%75.50%19th pctl91 / 113
Brokered Deposits / Depositsn/aNot reported for this institution