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Rushford State Bank (Incorporated)

Rushford, MN · Cert 11411 · Rushford State Bcorp Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

37

Q2 2024Q2 2026peer median (50)

Asset Quality

65

Q2 2024Q2 2026peer median (50)

Profitability

8

Q2 2024Q2 2026peer median (50)

Liquidity

29

Q2 2024Q2 2026peer median

Efficiency

100

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

Rushford State Bank (Incorporated)

Rushford, MN · Cert 11411 · Rushford State Bcorp Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$114.7MAssets
$58.4MLoans
$104.8MDeposits
$9.6MEquity
Loan mix
86%RE $45.9M7%C&I $3.9M7%Consumer $3.8MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $78.8M25%Noninterest $26.0MQ3 2024Q2 2026

Market Position · Rochester, MN · 2026 SOD (annual) · 1.4% share · #19 of 34 inst. · $0.1B of $7.6B

13.0% Fillmore
0.0% Houston

Executive Summary

  • Earnings: ROA of 0.32%, down 55 bps year over year; NIM at 0.42%.
  • Asset quality: problem loans at 0.93% of loans (+9 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 7.02%, up 45 bps from a year ago.
  • Funding: loans stand at 55.72% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.32%-55 bps YoY

Net Interest Margin (YTD, annualized)

0.42%-287 bps YoY

Efficiency Ratio (YTD, annualized)

4.18%-6,423 bps YoY

Tier 1 Leverage Ratio

7.02%+45 bps YoY

NIM

4.51%Q2 ’245.00%Q2 ’250.52%Q2 ’26+25%-87%

Non-interest income vs. expense

2.55%Q2 ’242.39%Q2 ’250.02%Q2 ’26-6%-100%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.36%0.74%0.75%0.87%0.89%0.83%0.80%0.32%-55 bps
Return on Equity7.45%14.65%13.01%14.71%14.64%13.45%12.52%4.50%-1,022 bps
Net Interest Margin2.88%2.90%3.28%3.29%3.39%3.31%3.40%0.42%-287 bps
Efficiency Ratio84.56%82.53%72.37%68.41%68.02%70.39%67.73%4.18%-6,423 bps
Non-Interest Burden2.40%2.35%2.32%2.19%2.24%2.27%2.24%0.00%-219 bps
Growth
Asset Growth (YoY)-1.63%-2.12%4.49%11.66%8.41%8.91%7.91%8.55%-311 bps
Loan Growth (YoY)7.80%6.57%8.77%7.53%7.38%2.45%-1.33%-3.93%-1,146 bps
Deposit Growth (YoY)2.73%1.76%8.75%10.46%7.16%7.89%7.40%6.12%-433 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.03%0.03%0.84%1.23%1.26%1.16%0.93%+9 bps
Net Charge-Offs / Loans0.04%0.04%-0.01%0.00%-0.01%0.00%0.18%-0.02%-2 bps
Allowance / Loans1.50%0.80%0.79%0.77%0.75%0.78%0.82%0.85%+8 bps
Allowance Coverage of NPLs21.8x26.0x26.1x0.9x0.6x0.6x0.7x0.9x0.0x
Capital
Tier 1 Leverage Ratio6.22%6.63%6.52%6.57%6.91%6.85%6.84%7.02%+45 bps
Total Risk-Based Capital12.13%12.60%12.54%12.53%12.57%13.23%13.66%14.24%+171 bps
Equity / Assets5.48%5.72%5.81%6.25%6.56%6.62%6.21%8.34%+209 bps
Liquidity & Funding
Loans / Deposits62.83%61.67%59.49%61.55%62.96%58.55%54.65%55.72%-583 bps
Liquid Assets / Assets14.82%13.43%13.26%15.19%14.35%14.56%15.08%14.64%-55 bps
CRE / Total Capitaln/an/an/an/a103.67%97.49%79.69%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

Rushford State Bank (Incorporated)

Rushford, MN · Cert 11411 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Rushford State Bcorp Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$114.7MAssets
$58.4MLoans
$104.8MDeposits
$9.6MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 100% of banks under $1B in assets operating in a single state (rank 2 of 746).
  • Widest gap: net interest margin trails 100% of banks under $1B in assets operating in a single state (rank 745 of 746).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.31%

Rank 667 of 746

Net Interest Margin

0.42%

Rank 745 of 746

Efficiency Ratio

4.18%

Rank 2 of 746

Equity / Assets

8.34%

Rank 619 of 746

Non-interest income vs. expense

$18K$20KINCOMEEXPENSE
Unfavorable gap of $2K · efficiency ratio beats 100% of banks under $1B in assets operating in a single state
Bank 4.18%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.31%0.72%1.06%1.45%Beats 11%667 / 746
Return on Equity3.76%6.74%10.51%13.63%Beats 13%648 / 746
Net Interest Margin0.42%3.17%3.68%4.16%Beats 0%745 / 746
Efficiency Ratio4.18%55.74%64.58%75.47%Beats 100%2 / 746
Asset Quality
Nonperforming Loans / Loans0.93%0.09%0.42%1.07%Beats 30%524 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio13.38%11.55%13.75%17.60%Beats 46%406 / 746
Total Risk-Based Capital Ratio14.24%11.71%14.33%18.43%Beats 49%380 / 746
Equity / Assets8.34%8.90%10.51%13.06%Beats 17%619 / 746
Liquidity & Funding
Loans / Deposits55.72%61.31%78.27%90.78%18th pctl608 / 746
Loans / Assets50.89%53.60%66.97%76.08%21st pctl586 / 746
Brokered Deposits / Depositsn/aNot reported for this institution