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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 1.61%, down 2 bps year over year; NIM at 4.79%.
  • 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 (quarter, annualized)

1.61%-2 bps YoY

Net Interest Margin (quarter, annualized)

4.79%+14 bps YoY

Efficiency Ratio (quarter, annualized)

55.26%-356 bps YoY

Tier 1 Leverage Ratio

7.78%-11 bps YoY

NIM

5.03%Q2 ’245.30%Q2 ’255.63%Q2 ’26+6%+3%

Non-interest income vs. expense

2.32%Q2 ’242.89%Q2 ’252.76%Q2 ’26+25%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.29%-2.63%1.60%1.63%0.89%0.51%1.61%1.61%-2 bps
Return on Equity29.16%-33.64%21.46%21.43%11.24%6.38%20.91%21.41%-2 bps
Net Interest Margin4.62%4.78%4.40%4.65%4.63%4.55%4.43%4.79%+14 bps
Efficiency Ratio46.41%117.12%59.04%58.82%60.00%77.37%57.76%55.26%-356 bps
Non-Interest Burden2.02%5.65%2.52%2.63%2.66%3.45%2.45%2.55%-7 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 / Loans0.00%1.18%0.00%0.00%0.60%0.13%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