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 | |