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Center National Bank

Litchfield, MN · Cert 10976 · CNB Financial Corp.

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

Basis

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.

Peer group

Banks under $1B in assets in MN (n=111 to 113). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

62

Q2 2024Q2 2026peer median (50)

Asset Quality

70

Q2 2024Q2 2026peer median (50)

Profitability

41

Q2 2024Q2 2026peer median (50)

Liquidity

87

Q2 2024Q2 2026peer median

Efficiency

35

Q2 2024Q2 2026peer median (50)

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.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Center National Bank

Litchfield, MN · Cert 10976 · CNB Financial Corp.

National charter · OCC · 3 branches

Q2 2026

$242.6MAssets
$158.1MLoans
$215.5MDeposits
$23.8MEquity
Loan mix
80%RE $114.6M14%C&I $20.6M6%Consumer $9.0MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $167.2M22%Noninterest $48.3MQ2 2025Q2 2026

NIM

4.19%Q2 ’244.54%Q2 ’254.73%Q2 ’26+17%+4%

Non-interest income vs. expense

2.55%Q2 ’242.58%Q2 ’252.69%Q2 ’26+3%+4%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.0% share · #120 of 125 inst. · $0.0B of $253.2B

29.8% Meeker
0.6% Carver
0.0% Hennepin

Executive Summary

  • Earnings: ROA of 1.11%, up 6 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.05%, up 35 bps from a year ago.
  • Funding: loans stand at 73.36% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.11%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+13 bps YoY

Efficiency Ratio (YTD, annualized)

65.97%+28 bps YoY

Tier 1 Leverage Ratio

11.05%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.05%1.09%1.15%1.04%1.11%+6 bps
Return on Equity11.75%11.93%12.24%10.21%10.99%-76 bps
Net Interest Margin3.58%3.70%3.76%3.74%3.72%+13 bps
Efficiency Ratio65.69%63.68%62.48%67.56%65.97%+28 bps
Non-Interest Burden2.24%2.23%2.22%2.40%2.33%+9 bps
Growth
Asset Growth (YoY)1.15%-3.37%-2.89%-5.44%1.47%+32 bps
Loan Growth (YoY)4.53%8.30%18.96%15.96%11.30%+677 bps
Deposit Growth (YoY)-0.07%-4.30%-4.46%-6.86%1.24%+131 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.01%0.00%0.00%-2 bps
Allowance / Loans0.90%0.96%0.96%1.00%0.99%+9 bps
Allowance Coverage of NPLs426.3xn/an/an/a223.4x-202.9x
Capital
Tier 1 Leverage Ratio10.71%10.93%10.96%11.13%11.05%+35 bps
Total Risk-Based Capital18.08%17.76%17.40%17.77%17.76%-32 bps
Equity / Assets9.47%9.88%10.22%10.17%9.80%+33 bps
Liquidity & Funding
Loans / Deposits66.73%71.19%76.76%75.35%73.36%+663 bps
Liquid Assets / Assets16.56%13.21%8.62%11.43%15.14%-142 bps
CRE / Total Capitaln/a223%236%225%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Center National Bank

Litchfield, MN · Cert 10976 · Peer group: banks under $1B in assets in MN (n=111-113) · CNB Financial Corp.

National charter · OCC · 3 branches

Q2 2026

$242.6MAssets
$158.1MLoans
$215.5MDeposits
$23.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 89% of banks under $1B in assets in MN (rank 13 of 111).
  • Widest gap: efficiency ratio trails 65% of banks under $1B in assets in MN (rank 75 of 113).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.08%

Rank 66 of 113

Net Interest Margin

3.72%

Rank 71 of 113

Efficiency Ratio

65.97%

Rank 75 of 113

Equity / Assets

9.80%

Rank 64 of 113

Non-interest income vs. expense

$0.9M$6.5MINCOMEEXPENSE
Unfavorable gap of $5.6M · efficiency ratio beats 35% of banks under $1B in assets in MN
Bank 65.97%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.08%0.87%1.20%1.41%Beats 42%66 / 113
Return on Equity10.98%8.92%11.27%13.99%Beats 44%63 / 113
Net Interest Margin3.72%3.42%3.88%4.31%Beats 37%71 / 113
Efficiency Ratio65.97%54.13%61.48%69.86%Beats 35%75 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 89%13 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 50%56 / 111
Capital
Tier 1 Capital Ratio16.56%11.53%13.31%18.13%Beats 71%33 / 113
Total Risk-Based Capital Ratio17.76%12.12%14.43%19.39%Beats 72%32 / 113
Equity / Assets9.80%8.52%10.10%11.94%Beats 43%64 / 113
Liquidity & Funding
Loans / Deposits73.36%62.08%77.32%88.06%44th pctl62 / 111
Loans / Assets65.17%55.01%66.35%75.50%46th pctl61 / 113
Brokered Deposits / Depositsn/aNot reported for this institution