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United Minnesota Bank

New London, MN · Cert 10567 · Carlson Bankshares Inc.

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

25

Q2 2024Q2 2026peer median (50)

Asset Quality

77

Q2 2024Q2 2026peer median (50)

Profitability

88

Q2 2024Q2 2026peer median (50)

Liquidity

64

Q2 2024Q2 2026peer median

Efficiency

67

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

United Minnesota Bank

New London, MN · Cert 10567 · Carlson Bankshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$56.9MAssets
$45.0MLoans
$52.5MDeposits
$4.3MEquity
Loan mix
76%RE $30.0M14%C&I $5.5M10%Consumer $4.0MQ3 2024Q2 2026
Deposit mix
66%Interest-bearing $34.6M34%Noninterest $17.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.60%, down 1 bps year over year; NIM at 4.55%.
  • Asset quality: problem loans at 0.54% of loans (+24 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.78%, down 11 bps from a year ago.
  • Funding: loans stand at 85.67% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.60%-1 bps YoY

Net Interest Margin (YTD, annualized)

4.55%-1 bps YoY

Efficiency Ratio (YTD, annualized)

56.46%-247 bps YoY

Tier 1 Leverage Ratio

7.78%-11 bps YoY

NIM

4.92%Q2 ’245.22%Q2 ’255.38%Q2 ’26+6%0%

Non-interest income vs. expense

2.35%Q2 ’242.82%Q2 ’252.70%Q2 ’26+21%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.99%0.82%1.60%1.61%1.38%1.15%1.61%1.60%-1 bps
Return on Equity26.55%11.00%21.46%21.36%17.89%14.90%20.91%21.04%-32 bps
Net Interest Margin4.35%4.48%4.40%4.56%4.55%4.49%4.43%4.55%-1 bps
Efficiency Ratio50.06%68.04%59.04%58.93%59.29%63.92%57.76%56.46%-247 bps
Non-Interest Burden2.07%2.98%2.52%2.60%2.60%2.78%2.45%2.47%-13 bps
Growth
Asset Growth (YoY)-1.04%3.99%3.68%2.35%1.80%5.39%7.62%12.05%+970 bps
Loan Growth (YoY)7.65%13.35%14.07%15.21%16.67%16.34%21.24%24.49%+928 bps
Deposit Growth (YoY)-1.92%3.48%3.45%2.18%2.01%4.92%7.60%12.26%+1,008 bps
Asset Quality
Nonperforming Loans / Loans0.91%0.39%0.38%0.30%0.27%0.25%0.22%0.54%+24 bps
Net Charge-Offs / Loans0.02%0.31%0.00%0.00%0.20%0.18%0.00%0.00%0 bps
Allowance / Loans0.80%0.97%0.96%0.92%0.93%0.83%0.79%0.80%-11 bps
Allowance Coverage of NPLs0.9x2.5x2.5x3.0x3.4x3.4x3.7x1.5x-1.6x
Capital
Tier 1 Leverage Ratio8.10%7.51%7.34%7.89%8.02%8.02%7.57%7.78%-11 bps
Total Risk-Based Capital15.73%14.26%13.93%14.60%13.76%13.48%12.92%12.91%-169 bps
Equity / Assets8.20%7.43%7.48%7.73%8.12%7.84%7.53%7.48%-25 bps
Liquidity & Funding
Loans / Deposits73.71%74.61%74.98%77.25%84.29%82.73%84.48%85.67%+842 bps
Liquid Assets / Assets30.04%28.81%27.28%24.71%18.94%19.07%18.16%17.44%-727 bps
CRE / Total Capitaln/an/an/an/a144.64%160.86%153.20%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

United Minnesota Bank

New London, MN · Cert 10567 · Peer group: banks under $1B in assets in MN (n=111-113) · Carlson Bankshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$56.9MAssets
$45.0MLoans
$52.5MDeposits
$4.3MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: equity / assets trails 90% of banks under $1B in assets in MN (rank 102 of 113).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.53%

Rank 24 of 113

Net Interest Margin

4.55%

Rank 14 of 113

Efficiency Ratio

56.46%

Rank 38 of 113

Equity / Assets

7.48%

Rank 102 of 113

Non-interest income vs. expense

$0.1M$1.5MINCOMEEXPENSE
Unfavorable gap of $1.4M · efficiency ratio beats 67% of banks under $1B in assets in MN
Bank 56.46%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.53%0.87%1.20%1.41%Beats 79%24 / 113
Return on Equity20.43%8.92%11.27%13.99%Beats 98%2 / 113
Net Interest Margin4.55%3.42%3.88%4.31%Beats 88%14 / 113
Efficiency Ratio56.46%54.13%61.48%69.86%Beats 67%38 / 113
Asset Quality
Nonperforming Loans / Loans0.54%0.09%0.58%1.82%Beats 53%53 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio11.86%11.53%13.31%18.13%Beats 30%79 / 113
Total Risk-Based Capital Ratio12.91%12.12%14.43%19.39%Beats 34%75 / 113
Equity / Assets7.48%8.52%10.10%11.94%Beats 10%102 / 113
Liquidity & Funding
Loans / Deposits85.67%62.08%77.32%88.06%68th pctl35 / 111
Loans / Assets79.01%55.01%66.35%75.50%82nd pctl20 / 113
Brokered Deposits / Depositsn/aNot reported for this institution