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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

5.07%Q2 ’245.69%Q2 ’256.03%Q2 ’26+18%+13%

Non-interest income vs. expense

1.84%Q2 ’243.21%Q2 ’253.25%Q2 ’26+110%+3%

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 1.44%, up 47 bps year over year; NIM at 4.79%.
  • Asset quality: problem loans at 0.46% of loans (-13 bps YoY), with net recoveries of 0.04%.
  • 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 (quarter, annualized)

1.44%+47 bps YoY

Net Interest Margin (quarter, annualized)

4.79%+54 bps YoY

Efficiency Ratio (quarter, annualized)

61.43%-555 bps YoY

Tier 1 Leverage Ratio

10.75%+52 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.97%1.48%1.50%1.24%1.44%+47 bps
Return on Equity9.96%14.63%14.38%11.85%13.58%+361 bps
Net Interest Margin4.25%4.69%4.84%4.60%4.79%+54 bps
Efficiency Ratio66.99%61.57%62.48%66.77%61.43%-555 bps
Non-Interest Burden2.65%2.71%2.85%2.92%2.73%+8 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%0.04%-0.11%0.00%-0.04%-4 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