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Security Bank Minnesota

Albert Lea, MN · Cert 10984 · Lake Bk Shares Employee STK Ownership Plan

State charter, non-member · FDIC · 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

16

Q2 2024Q2 2026peer median (50)

Profitability

50

Q2 2024Q2 2026peer median (50)

Liquidity

61

Q2 2024Q2 2026peer median

Efficiency

56

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

Security Bank Minnesota

Albert Lea, MN · Cert 10984 · Lake Bk Shares Employee STK Ownership Plan

State charter, non-member · FDIC · 3 branches

Q2 2026

$145.1MAssets
$108.1MLoans
$125.0MDeposits
$14.6MEquity
Loan mix
26%RE $25.9M73%C&I $72.0M1%Consumer $1.4MQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $97.6M22%Noninterest $27.5MQ2 2025Q2 2026

NIM

5.96%Q2 ’245.94%Q2 ’255.83%Q2 ’26-1%+3%

Non-interest income vs. expense

2.83%Q2 ’242.81%Q2 ’252.74%Q2 ’26+1%-3%

Executive Summary

  • Earnings: ROA of 0.95%, up 32 bps year over year; NIM at 4.42%.
  • Asset quality: problem loans at 2.30% of loans (+44 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 9.78%, up 10 bps from a year ago.
  • Funding: loans stand at 86.45% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.95%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.42%+13 bps YoY

Efficiency Ratio (YTD, annualized)

59.71%-289 bps YoY

Tier 1 Leverage Ratio

9.78%+10 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.64%0.73%0.57%0.89%0.95%+32 bps
Return on Equity6.52%7.37%5.70%9.18%9.67%+315 bps
Net Interest Margin4.30%4.42%4.39%4.42%4.42%+13 bps
Efficiency Ratio62.60%61.52%69.85%58.70%59.71%-289 bps
Non-Interest Burden2.68%2.69%3.05%2.56%2.60%-9 bps
Growth
Asset Growth (YoY)0.29%-0.02%2.34%2.00%-1.11%-140 bps
Loan Growth (YoY)-11.66%-10.67%-6.81%-3.52%1.39%+1,306 bps
Deposit Growth (YoY)-0.84%-1.82%1.38%1.11%1.95%+279 bps
Asset Quality
Nonperforming Loans / Loans1.85%2.18%1.85%1.85%2.30%+44 bps
Net Charge-Offs / Loans0.88%0.68%0.77%-0.39%-0.02%-90 bps
Allowance / Loans1.25%1.50%1.19%1.58%1.64%+39 bps
Allowance Coverage of NPLs0.7x0.7x0.6x0.9x0.7x0.0x
Capital
Tier 1 Leverage Ratio9.68%10.10%10.06%9.52%9.78%+10 bps
Total Risk-Based Capital14.25%15.09%14.44%14.33%14.40%+15 bps
Equity / Assets9.87%10.37%10.13%9.35%10.10%+23 bps
Liquidity & Funding
Loans / Deposits86.92%86.56%86.92%82.10%86.45%-47 bps
Liquid Assets / Assets9.06%11.77%6.70%7.51%3.40%-566 bps
CRE / Total Capitaln/a118.08%118.45%129.79%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

Security Bank Minnesota

Albert Lea, MN · Cert 10984 · Peer group: banks under $1B in assets in MN (n=111-113) · Lake Bk Shares Employee STK Ownership Plan

State charter, non-member · FDIC · 3 branches

Q2 2026

$145.1MAssets
$108.1MLoans
$125.0MDeposits
$14.6MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 83% of banks under $1B in assets in MN (rank 19 of 113).
  • Widest gap: nonperforming loans / loans trails 85% of banks under $1B in assets in MN (rank 95 of 111).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.98%

Rank 75 of 113

Net Interest Margin

4.42%

Rank 19 of 113

Efficiency Ratio

60.03%

Rank 51 of 113

Equity / Assets

10.10%

Rank 57 of 113

Non-interest income vs. expense

$0.2M$4.1MINCOMEEXPENSE
Unfavorable gap of $3.9M · efficiency ratio beats 56% of banks under $1B in assets in MN
Bank 60.03%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.98%0.87%1.20%1.41%Beats 34%75 / 113
Return on Equity9.66%8.92%11.27%13.99%Beats 34%75 / 113
Net Interest Margin4.42%3.42%3.88%4.31%Beats 83%19 / 113
Efficiency Ratio60.03%54.13%61.48%69.86%Beats 56%51 / 113
Asset Quality
Nonperforming Loans / Loans2.29%0.09%0.58%1.82%Beats 15%95 / 111
Net Charge-Offs / Loans0.10%n/a0.00%0.04%Beats 16%94 / 111
Capital
Tier 1 Capital Ratio13.15%11.53%13.31%18.13%Beats 47%60 / 113
Total Risk-Based Capital Ratio14.40%12.12%14.43%19.39%Beats 48%59 / 113
Equity / Assets10.10%8.52%10.10%11.94%Beats 50%57 / 113
Liquidity & Funding
Loans / Deposits86.45%62.08%77.32%88.06%70th pctl33 / 111
Loans / Assets74.52%55.01%66.35%75.50%69th pctl35 / 113
Brokered Deposits / Depositsn/aNot reported for this institution