Bremer Bank, National Association

South Saint Paul, MN · Cert 12923

FDIC · 71 branches

Q1 2025

$16.4BAssets

$11.8BLoans

$13.3BDeposits

$1.4BEquity

Loan mix

Deposit mix

NIM

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2024 SOD (annual) · 2.2% share · #7 of 132 inst. · $5.5B of $248.4B

1.6% Hennepin

2.2% Ramsey

9.7% Dakota

12.0% Stearns

Earnings: ROA of 0.85%, up 19 bps year over year; NIM at 2.75%.
Asset quality: problem loans at 0.83% of loans (+27 bps YoY), with net charge-offs at 0.51%.

Return on Assets (YTD, annualized)

0.85%+19 bps YoY

Net Interest Margin (YTD, annualized)

2.75%+19 bps YoY

Efficiency Ratio (YTD, annualized)

65.54%-651 bps YoY

Tier 1 Leverage Ratio

9.46%+26 bps YoY

Year to date, annualized, through each quarter.

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	YoY Δ	Trend
Earnings
Return on Assets	0.66%	0.69%	0.83%	0.27%	0.85%	+19 bps
Return on Equity	7.85%	8.31%	9.82%	3.23%	10.48%	+263 bps
Net Interest Margin	2.57%	2.58%	2.59%	2.61%	2.75%	+19 bps
Efficiency Ratio	72.06%	71.74%	64.83%	65.15%	65.54%	-651 bps
Non-Interest Burden	1.68%	1.68%	1.40%	2.09%	1.61%	-7 bps
Growth
Asset Growth (YoY)	2.12%	0.16%	-0.72%	0.46%	1.97%	-16 bps
Loan Growth (YoY)	7.37%	3.53%	0.99%	2.69%	1.86%	-552 bps
Deposit Growth (YoY)	-1.09%	1.22%	3.57%	1.65%	2.42%	+351 bps
Asset Quality
Nonperforming Loans / Loans	0.57%	0.51%	0.47%	0.61%	0.83%	+27 bps
Net Charge-Offs / Loans	-0.01%	0.05%	0.16%	0.12%	0.51%	+52 bps
Allowance / Loans	0.92%	0.90%	0.92%	1.00%	0.92%	0 bps
Allowance Coverage of NPLs	1.6x	1.8x	2.0x	1.7x	1.1x	-0.5x
Capital
Tier 1 Leverage Ratio	9.20%	9.21%	9.30%	9.27%	9.46%	+26 bps
Total Risk-Based Capital	12.75%	12.91%	13.24%	13.05%	13.24%	+49 bps
Equity / Assets	8.34%	8.32%	8.81%	7.93%	8.26%	-8 bps
Liquidity & Funding
Loans / Deposits	88.91%	90.46%	85.77%	88.35%	88.43%	-49 bps
Liquid Assets / Assets	13.87%	13.28%	12.85%	12.44%	11.97%	-190 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a