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State Bank of Cold Spring

Cold Spring, MN · Cert 12444 · Lindell Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$81.7MAssets
$47.5MLoans
$73.8MDeposits
$7.7MEquity
Loan mix
89%RE $39.6M3%C&I $1.4M8%Consumer $3.5MQ2 2025Q2 2026
Deposit mix
68%Interest-bearing $50.3M32%Noninterest $23.5MQ2 2025Q2 2026

NIM

3.52%Q2 ’244.11%Q2 ’254.56%Q2 ’26+30%+19%

Non-interest income vs. expense

2.27%Q2 ’242.53%Q2 ’252.62%Q2 ’26+13%+1%

Market Position · St. Cloud, MN · 2026 SOD (annual) · 0.9% share · #21 of 32 inst. · $0.1B of $7.9B

Executive Summary

  • Earnings: ROA of 1.23%, up 46 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 1.60% of loans (+54 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.06%, up 102 bps from a year ago.
  • Funding: loans stand at 64.38% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.23%+46 bps YoY

Net Interest Margin (quarter, annualized)

3.76%+61 bps YoY

Efficiency Ratio (quarter, annualized)

62.62%-948 bps YoY

Tier 1 Leverage Ratio

10.06%+102 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.84%0.66%1.29%1.23%+46 bps
Return on Equity9.50%9.69%7.14%13.44%12.89%+338 bps
Net Interest Margin3.15%3.15%3.15%3.88%3.76%+61 bps
Efficiency Ratio72.10%64.06%76.50%61.31%62.62%-948 bps
Non-Interest Burden2.17%1.85%2.32%2.21%2.20%+2 bps
Growth
Asset Growth (YoY)-6.24%-5.73%-10.83%-10.93%-1.65%+458 bps
Loan Growth (YoY)2.86%0.60%3.21%2.63%12.53%+968 bps
Deposit Growth (YoY)-8.06%-7.12%-12.81%-12.70%-2.76%+530 bps
Asset Quality
Nonperforming Loans / Loans1.05%0.85%2.61%2.46%1.60%+54 bps
Net Charge-Offs / Loans0.00%0.18%0.00%-0.01%0.00%0 bps
Allowance / Loans0.72%0.76%0.75%0.73%0.70%-1 bps
Allowance Coverage of NPLs0.7x0.9x0.3x0.3x0.4x-0.2x
Capital
Tier 1 Leverage Ratio9.04%9.44%9.87%10.25%10.06%+102 bps
Total Risk-Based Capital21.27%21.40%21.58%20.85%20.40%-87 bps
Equity / Assets8.45%8.99%9.57%9.61%9.45%+100 bps
Liquidity & Funding
Loans / Deposits55.63%59.36%61.71%64.40%64.38%+875 bps
Liquid Assets / Assets24.13%22.14%23.23%18.75%18.09%-604 bps
CRE / Total Capitaln/a77.81%70.32%64.09%n/an/a