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Lake Region Bank

New London, MN · Cert 10965 · Kandi Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$153.0MAssets
$75.5MLoans
$139.1MDeposits
$12.9MEquity
Loan mix
76%RE $54.2M16%C&I $11.3M8%Consumer $5.4MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $92.8M33%Noninterest $46.3MQ2 2025Q2 2026

NIM

4.46%Q2 ’244.79%Q2 ’254.86%Q2 ’26+8%+2%

Non-interest income vs. expense

3.82%Q2 ’243.81%Q2 ’253.80%Q2 ’26+13%-7%

Executive Summary

  • Earnings: ROA of 1.70%, up 33 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.09% of loans (-12 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 10.43%, down 70 bps from a year ago.
  • Funding: loans stand at 54.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.70%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.35%+9 bps YoY

Efficiency Ratio (quarter, annualized)

63.32%-304 bps YoY

Tier 1 Leverage Ratio

10.43%-70 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.37%1.40%1.02%1.47%1.70%+33 bps
Return on Equity16.91%16.77%11.29%17.29%21.09%+418 bps
Net Interest Margin4.26%4.25%4.34%4.38%4.35%+9 bps
Efficiency Ratio66.36%65.78%67.86%67.20%63.32%-304 bps
Non-Interest Burden2.41%2.31%2.45%2.54%2.24%-17 bps
Growth
Asset Growth (YoY)6.01%3.24%2.28%6.34%5.53%-49 bps
Loan Growth (YoY)24.59%24.94%18.89%19.30%9.95%-1,463 bps
Deposit Growth (YoY)1.99%2.31%0.79%7.02%8.12%+612 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.20%0.03%0.07%0.09%-12 bps
Net Charge-Offs / Loans-0.04%-0.03%0.77%-0.05%-0.03%+1 bps
Allowance / Loans1.12%1.12%1.02%1.02%1.01%-11 bps
Allowance Coverage of NPLs5.2x5.5x34.2x14.6x11.2x+6.0x
Capital
Tier 1 Leverage Ratio11.12%11.50%11.07%10.01%10.43%-70 bps
Total Risk-Based Capital21.26%21.26%21.33%19.19%19.67%-158 bps
Equity / Assets7.86%8.80%9.36%7.72%8.44%+58 bps
Liquidity & Funding
Loans / Deposits53.41%56.88%57.10%53.90%54.32%+91 bps
Liquid Assets / Assets5.14%5.61%4.86%10.28%10.36%+522 bps
CRE / Total Capitaln/a165.22%174.14%199.46%n/an/a