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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

$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