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Ogema State Bank

Ogema, MN · Cert 10568

FDIC · 2 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, 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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=59). 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

93

Q2 2024Q2 2024peer median (50)

Asset Quality

27

Q2 2024Q2 2024peer median (50)

Profitability

93

Q2 2024Q2 2024peer median (50)

Liquidity

2

Q2 2024Q2 2024peer median

Efficiency

97

Q2 2024Q2 2024peer 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

Ogema State Bank

Ogema, MN · Cert 10568

FDIC · 2 branches

Q2 2024

$167.3MAssets
$79.3MLoans
$143.8MDeposits
$20.9MEquity
Loan mix
85%RE $52.7M11%C&I $6.5M4%Consumer $2.6MQ2 2023Q2 2024
Deposit mix
76%Interest-bearing $109.5M24%Noninterest $34.3MQ2 2023Q2 2024

NIM

2.77%Q2 ’223.33%Q2 ’234.81%Q2 ’24+6%+30%

Non-interest income vs. expense

2.49%Q2 ’222.52%Q2 ’232.75%Q2 ’24+2%-168%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2024 SOD (annual) · 0.0% share · #95 of 132 inst. · $0.1B of $248.4B

3.6% Wright
3.2% Becker

Executive Summary

  • Earnings: ROA of 3.64%, up 330 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 2.39% of loans (+14 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.39%, up 136 bps from a year ago.
  • Funding: loans stand at 55.18% of deposits as of Q2 2024.

Financial Results

Return on Assets (YTD, annualized)

3.64%+330 bps YoY

Net Interest Margin (YTD, annualized)

3.68%+86 bps YoY

Efficiency Ratio (YTD, annualized)

34.81%-4,915 bps YoY

Tier 1 Leverage Ratio

11.39%+136 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.34%0.44%-0.12%0.68%3.64%+330 bps
Return on Equity3.68%4.78%-1.35%7.48%35.88%+3,220 bps
Net Interest Margin2.83%2.91%2.99%3.16%3.68%+86 bps
Efficiency Ratio83.96%79.70%105.85%71.29%34.81%-4,915 bps
Non-Interest Burden2.29%2.23%3.11%2.14%-1.54%-383 bps
Growth
Asset Growth (YoY)-1.78%-4.50%-1.74%1.54%-13.75%-1,197 bps
Loan Growth (YoY)5.77%5.76%4.91%4.97%-25.58%-3,135 bps
Deposit Growth (YoY)-2.02%-3.29%-1.13%1.79%-17.50%-1,547 bps
Asset Quality
Nonperforming Loans / Loans2.25%2.15%2.39%1.88%2.39%+14 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans1.40%1.37%1.40%1.42%1.93%+53 bps
Allowance Coverage of NPLs0.6x0.6x0.6x0.8x0.8x+0.2x
Capital
Tier 1 Leverage Ratio10.03%10.13%9.24%9.21%11.39%+136 bps
Total Risk-Based Capital15.00%15.57%14.17%14.94%21.65%+665 bps
Equity / Assets9.30%9.51%9.06%9.18%12.47%+318 bps
Liquidity & Funding
Loans / Deposits61.17%65.06%62.78%62.28%55.18%-599 bps
Liquid Assets / Assets10.01%5.40%3.60%10.20%11.57%+156 bps
CRE / Total Capitaln/an/an/an/an/an/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

Ogema State Bank

Ogema, MN · Cert 10568 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=59)

FDIC · 2 branches

Q2 2024

$167.3MAssets
$79.3MLoans
$143.8MDeposits
$20.9MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 98% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 1 of 59).
  • Widest gap: nonperforming loans / loans trails 88% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 53 of 59).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

4.00%

Rank 1 of 59

Net Interest Margin

3.68%

Rank 10 of 59

Efficiency Ratio

34.81%

Rank 3 of 59

Equity / Assets

12.47%

Rank 6 of 59

Non-interest income vs. expense

$7.8M$5.0MINCOMEEXPENSE
Favorable gap of $2.8M · efficiency ratio beats 97% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets4.00%0.54%0.66%1.17%Beats 98%1 / 59
Return on Equity32.07%6.64%8.63%13.05%Beats 98%1 / 59
Net Interest Margin3.68%2.69%3.10%3.46%Beats 83%10 / 59
Efficiency Ratio34.81%62.95%71.53%79.14%Beats 97%3 / 59
Asset Quality
Nonperforming Loans / Loans2.39%0.03%0.27%1.33%Beats 12%53 / 59
Net Charge-Offs / Loans0.00%n/a0.00%0.02%Beats 42%36 / 59
Capital
Tier 1 Capital Ratio20.40%10.86%13.45%15.52%Beats 95%3 / 59
Total Risk-Based Capital Ratio21.65%11.64%14.54%16.27%Beats 95%3 / 59
Equity / Assets12.47%7.02%8.28%9.88%Beats 90%6 / 59
Liquidity & Funding
Loans / Deposits55.18%65.71%80.29%93.73%12th pctl52 / 59
Loans / Assets47.42%58.60%69.84%79.20%10th pctl53 / 59
Brokered Deposits / Depositsn/aNot reported for this institution