Karlstad, MN · Cert 10971 · North State Bancshares Inc.
State charter, non-member · FDIC · 3 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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). Each measure ranks only the institutions that reported it, so n varies by measure.
Peer groups below the disclosure floor are suppressed.
Capital
29
Asset Quality
38
Profitability
35
Liquidity
0
Efficiency
26
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.
Karlstad, MN · Cert 10971 · North State Bancshares Inc.
State charter, non-member · FDIC · 3 branches
Q2 2026
Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.0% share · #97 of 125 inst. · $0.1B of $253.2B
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 | 0.68% | 0.71% | 1.15% | 1.05% | 1.07% | 1.04% | 1.18% | 0.85% | -20 bps | |
| Return on Equity | 8.59% | 8.91% | 14.34% | 12.86% | 12.94% | 12.41% | 13.49% | 9.87% | -299 bps | |
| Net Interest Margin | 3.26% | 3.37% | 3.38% | 3.31% | 3.45% | 3.51% | 3.72% | 3.67% | +36 bps | |
| Efficiency Ratio | 70.80% | 70.07% | 60.03% | 63.29% | 63.34% | 64.62% | 60.25% | 71.57% | +828 bps | |
| Non-Interest Burden | 2.25% | 2.30% | 1.81% | 1.96% | 2.07% | 2.17% | 2.17% | 2.57% | +61 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.21% | -1.74% | 3.20% | 7.46% | 8.85% | 6.80% | 3.20% | 5.06% | -240 bps | |
| Loan Growth (YoY) | -4.63% | -2.04% | -1.12% | 2.00% | 10.00% | 7.60% | 5.33% | 10.31% | +831 bps | |
| Deposit Growth (YoY) | 1.71% | -3.46% | 8.20% | 10.01% | 11.54% | 11.90% | 1.51% | 3.16% | -686 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.23% | 0.47% | 0.45% | 0.45% | 0.44% | 0.43% | 0.00% | 0.52% | +7 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.72% | 0.34% | +34 bps | |
| Allowance / Loans | 0.88% | 0.90% | 0.84% | 0.84% | 0.82% | 0.81% | 0.62% | 0.59% | -25 bps | |
| Allowance Coverage of NPLs | 0.7x | 1.9x | 1.9x | 1.9x | 1.9x | 1.9x | n/a | 1.1x | -0.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.02% | 8.30% | 8.66% | 8.80% | 8.83% | 8.97% | 9.23% | 8.71% | -9 bps | |
| Total Risk-Based Capital | 11.81% | 11.56% | 11.55% | 12.46% | 12.44% | 12.32% | 12.30% | 11.57% | -90 bps | |
| Equity / Assets | 8.11% | 8.09% | 7.90% | 8.48% | 8.64% | 8.70% | 8.77% | 8.26% | -23 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 100.46% | 103.11% | 98.56% | 95.53% | 99.07% | 99.14% | 102.28% | 102.16% | +663 bps | |
| Liquid Assets / Assets | 8.68% | 7.64% | 10.63% | 13.02% | 9.49% | 8.77% | 9.77% | 9.20% | -382 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 627% | 630% | 625% | n/a | n/a | |
Karlstad, MN · Cert 10971 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · North State Bancshares Inc.
State charter, non-member · FDIC · 3 branches
Q2 2026
Return on Assets
0.82%
Rank 38 of 53
Net Interest Margin
3.67%
Rank 31 of 53
Efficiency Ratio
71.57%
Rank 40 of 53
Equity / Assets
8.26%
Rank 35 of 53
| Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||
| Return on Assets | 0.82% | 0.73% | 1.11% | 1.30% | Beats 28% | 38 / 53 | ||
| Return on Equity | 9.92% | 7.88% | 12.20% | 14.12% | Beats 36% | 34 / 53 | ||
| Net Interest Margin | 3.67% | 3.39% | 3.77% | 4.09% | Beats 42% | 31 / 53 | ||
| Efficiency Ratio | 71.57% | 56.05% | 65.05% | 71.57% | Beats 26% | 40 / 53 | ||
| Asset Quality | ||||||||
| Nonperforming Loans / Loans | 0.52% | 0.14% | 0.52% | 1.20% | Beats 51% | 27 / 53 | ||
| Net Charge-Offs / Loans | 0.17% | 0.00% | 0.01% | 0.08% | Beats 25% | 41 / 53 | ||
| Capital | ||||||||
| Tier 1 Capital Ratio | 10.86% | 10.73% | 12.98% | 15.08% | Beats 28% | 38 / 53 | ||
| Total Risk-Based Capital Ratio | 11.57% | 11.49% | 13.79% | 16.34% | Beats 26% | 39 / 53 | ||
| Equity / Assets | 8.26% | 8.08% | 9.25% | 10.72% | Beats 34% | 35 / 53 | ||
| Liquidity & Funding | ||||||||
| Loans / Deposits | 102.16% | 72.13% | 82.29% | 93.80% | 89th pctl | 6 / 53 | ||
| Loans / Assets | 86.85% | 63.64% | 71.80% | 79.37% | 94th pctl | 3 / 53 | ||
| Brokered Deposits / Deposits | n/a | Not reported for this institution | ||||||