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Northview Bank

Sandstone, MN · Cert 10956 · Finlayson Bancshares Inc.

State charter, non-member · FDIC · 1 affiliate bank · 12 branches (24 in holding)

Q2 2026

$469.7MAssets
$381.8MLoans
$392.5MDeposits
$51.0MEquity
Loan mix
89%RE $324.8M8%C&I $29.0M3%Consumer $10.3MQ2 2025Q2 2026
Deposit mix
73%Interest-bearing $286.4M27%Noninterest $106.1MQ2 2025Q2 2026

NIM

4.96%Q2 ’245.59%Q2 ’255.92%Q2 ’26+15%+14%

Non-interest income vs. expense

3.72%Q2 ’243.27%Q2 ’253.27%Q2 ’26-11%+1%

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 1.0% share · #16 of 26 inst. · $0.1B of $6.6B

42.4% Pine
14.2% Hubbard
9.0% Carlton
3.8% Itasca

Executive Summary

  • Earnings: ROA of 1.34%, up 34 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.46% of loans (-13 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 10.75%, up 52 bps from a year ago.
  • Funding: loans stand at 97.28% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.34%+34 bps YoY

Net Interest Margin (YTD, annualized)

4.67%+56 bps YoY

Efficiency Ratio (YTD, annualized)

64.01%-734 bps YoY

Tier 1 Leverage Ratio

10.75%+52 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%1.18%1.26%1.24%1.34%+34 bps
Return on Equity10.40%11.99%12.67%11.85%12.68%+228 bps
Net Interest Margin4.12%4.28%4.40%4.60%4.67%+56 bps
Efficiency Ratio71.35%67.84%66.38%66.77%64.01%-734 bps
Non-Interest Burden2.78%2.74%2.75%2.92%2.81%+3 bps
Growth
Asset Growth (YoY)3.04%1.44%1.07%3.15%1.48%-156 bps
Loan Growth (YoY)7.14%7.05%4.75%8.10%10.42%+328 bps
Deposit Growth (YoY)4.01%1.26%1.18%4.49%1.86%-215 bps
Asset Quality
Nonperforming Loans / Loans0.59%0.53%0.67%0.60%0.46%-13 bps
Net Charge-Offs / Loans0.00%0.01%-0.02%0.00%-0.02%-2 bps
Allowance / Loans1.39%1.36%1.37%1.33%1.29%-10 bps
Allowance Coverage of NPLs2.4x2.6x2.0x2.2x2.8x+0.4x
Capital
Tier 1 Leverage Ratio10.23%10.55%10.59%10.63%10.75%+52 bps
Total Risk-Based Capital10.23%10.55%10.59%10.63%10.75%+52 bps
Equity / Assets9.97%10.32%10.53%10.37%10.85%+89 bps
Liquidity & Funding
Loans / Deposits89.74%90.28%91.11%91.17%97.28%+754 bps
Liquid Assets / Assets7.03%8.33%6.45%7.11%3.91%-312 bps
CRE / Total Capitaln/a351%344%347%n/an/a