PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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
75%RE $6.3B24%C&I $2.0B1%Consumer $0.1BQ2 2023Q1 2025
Deposit mix
71%Interest-bearing $9.5B29%Noninterest $3.8BQ2 2023Q1 2025

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

Executive Summary

  • 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%.
  • Capital: tier 1 leverage ratio of 9.46%, up 26 bps from a year ago.
  • Funding: loans stand at 88.43% of deposits as of Q1 2025.

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

NIM

4.05%Q1 ’234.66%Q1 ’244.69%Q1 ’25-15%+7%

Non-interest income vs. expense

2.13%Q1 ’232.28%Q1 ’242.19%Q1 ’25+9%-4%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets1.10%1.01%0.83%0.66%0.69%0.83%0.27%0.85%+19 bps
Return on Equity13.45%12.36%10.13%7.85%8.31%9.82%3.23%10.48%+263 bps
Net Interest Margin2.89%2.79%2.71%2.57%2.58%2.59%2.61%2.75%+19 bps
Efficiency Ratio61.37%62.05%64.96%72.06%71.74%64.83%65.15%65.54%-651 bps
Non-Interest Burden1.54%1.50%1.55%1.68%1.68%1.40%2.09%1.61%-7 bps
Growth
Asset Growth (YoY)2.95%2.59%2.33%2.12%0.16%-0.72%0.46%1.97%-16 bps
Loan Growth (YoY)6.91%8.34%7.81%7.37%3.53%0.99%2.69%1.86%-552 bps
Deposit Growth (YoY)-8.84%-5.52%-2.31%-1.09%1.22%3.57%1.65%2.42%+351 bps
Asset Quality
Nonperforming Loans / Loans0.52%0.46%0.48%0.57%0.51%0.47%0.61%0.83%+27 bps
Net Charge-Offs / Loans-0.05%-0.03%0.10%-0.01%0.05%0.16%0.12%0.51%+52 bps
Allowance / Loans0.88%0.89%0.90%0.92%0.90%0.92%1.00%0.92%0 bps
Allowance Coverage of NPLs1.7x1.9x1.9x1.6x1.8x2.0x1.7x1.1x-0.5x
Capital
Tier 1 Leverage Ratio9.15%9.24%9.06%9.20%9.21%9.30%9.27%9.46%+26 bps
Total Risk-Based Capital12.81%12.91%12.87%12.75%12.91%13.24%13.05%13.24%+49 bps
Equity / Assets8.18%8.01%8.41%8.34%8.32%8.81%7.93%8.26%-8 bps
Liquidity & Funding
Loans / Deposits88.44%87.96%87.47%88.91%90.46%85.77%88.35%88.43%-49 bps
Liquid Assets / Assets14.96%14.56%14.22%13.87%13.28%12.85%12.44%11.97%-190 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a