Sandstone, MN · Cert 10956 · Finlayson Bancshares Inc.
State charter, non-member · FDIC · 12 branches
Q2 2026
Board Package
Performance Trends and Peer Comparison
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.
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.
Capital
28
Asset Quality
48
Profitability
73
Liquidity
14
Efficiency
42
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.
Sandstone, MN · Cert 10956 · Finlayson Bancshares Inc.
State charter, non-member · FDIC · 1 affiliate bank · 12 branches (24 in holding)
Q2 2026
Market Position · Duluth, MN-WI · 2026 SOD (annual) · 1.0% share · #16 of 26 inst. · $0.1B of $6.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.51% | 0.60% | 0.81% | 1.00% | 1.18% | 1.26% | 1.24% | 1.34% | +34 bps | |
| Return on Equity | 5.71% | 6.55% | 8.59% | 10.40% | 11.99% | 12.67% | 11.85% | 12.68% | +228 bps | |
| Net Interest Margin | 3.52% | 3.64% | 3.96% | 4.12% | 4.28% | 4.40% | 4.60% | 4.67% | +56 bps | |
| Efficiency Ratio | 84.33% | 82.45% | 76.15% | 71.35% | 67.84% | 66.38% | 66.77% | 64.01% | -734 bps | |
| Non-Interest Burden | 2.86% | 2.88% | 2.90% | 2.78% | 2.74% | 2.75% | 2.92% | 2.81% | +3 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.57% | 3.72% | 4.59% | 3.04% | 1.44% | 1.07% | 3.15% | 1.48% | -156 bps | |
| Loan Growth (YoY) | 8.72% | 9.23% | 7.43% | 7.14% | 7.05% | 4.75% | 8.10% | 10.42% | +328 bps | |
| Deposit Growth (YoY) | 1.18% | 1.16% | 4.46% | 4.01% | 1.26% | 1.18% | 4.49% | 1.86% | -215 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.60% | 0.82% | 0.65% | 0.59% | 0.53% | 0.67% | 0.60% | 0.46% | -13 bps | |
| Net Charge-Offs / Loans | -0.02% | -0.02% | 0.00% | 0.00% | 0.01% | -0.02% | 0.00% | -0.02% | -2 bps | |
| Allowance / Loans | 1.46% | 1.41% | 1.42% | 1.39% | 1.36% | 1.37% | 1.33% | 1.29% | -10 bps | |
| Allowance Coverage of NPLs | 2.4x | 1.7x | 2.2x | 2.4x | 2.6x | 2.0x | 2.2x | 2.8x | +0.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.78% | 9.96% | 9.94% | 10.23% | 10.55% | 10.59% | 10.63% | 10.75% | +52 bps | |
| Total Risk-Based Capital | 9.78% | 9.96% | 9.94% | 10.23% | 10.55% | 10.59% | 10.63% | 10.75% | +52 bps | |
| Equity / Assets | 9.31% | 9.40% | 9.56% | 9.97% | 10.32% | 10.53% | 10.37% | 10.85% | +89 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 85.39% | 88.00% | 88.12% | 89.74% | 90.28% | 91.11% | 91.17% | 97.28% | +754 bps | |
| Liquid Assets / Assets | 8.91% | 7.83% | 8.04% | 7.03% | 8.33% | 6.45% | 7.11% | 3.91% | -312 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 351% | 344% | 347% | n/a | n/a | |
Sandstone, MN · Cert 10956 · Peer group: banks under $1B in assets in MN (n=111-113) · Finlayson Bancshares Inc.
State charter, non-member · FDIC · 1 affiliate bank · 12 branches (24 in holding)
Q2 2026
Return on Assets
1.35%
Rank 38 of 113
Net Interest Margin
4.67%
Rank 9 of 113
Efficiency Ratio
64.04%
Rank 67 of 113
Equity / Assets
10.85%
Rank 47 of 113
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 1.35% | 0.87% | 1.20% | 1.41% | Beats 66% | 38 / 113 | ||
| Return on Equity | 12.44% | 8.92% | 11.27% | 13.99% | Beats 61% | 44 / 113 | ||
| Net Interest Margin | 4.67% | 3.42% | 3.88% | 4.31% | Beats 92% | 9 / 113 | ||
| Efficiency Ratio | 64.04% | 54.13% | 61.48% | 69.86% | Beats 42% | 67 / 113 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.46% | 0.09% | 0.58% | 1.82% | Beats 56% | 50 / 111 | ||
| Net Charge-Offs / Loans | 0.01% | n/a | 0.00% | 0.04% | Beats 40% | 68 / 111 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 10.75% | 11.53% | 13.31% | 18.13% | Beats 13% | 98 / 113 | ||
| Total Risk-Based Capital Ratio | 10.75% | 12.12% | 14.43% | 19.39% | Beats 12% | 100 / 113 | ||
| Equity / Assets | 10.85% | 8.52% | 10.10% | 11.94% | Beats 58% | 47 / 113 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 97.28% | 62.08% | 77.32% | 88.06% | 86th pctl | 16 / 111 | ||
| Loans / Assets | 81.30% | 55.01% | 66.35% | 75.50% | 84th pctl | 18 / 113 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||