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Northern Interstate Bank, National Association

Norway, MI · Cert 13784 · Northern Interstate Finl Inc.

National charter · OCC · 5 branches

Q2 2026

$193.5MAssets
$81.8MLoans
$170.8MDeposits
$11.3MEquity
Loan mix
88%RE $71.6M7%C&I $5.3M5%Consumer $4.0MQ2 2025Q2 2026
Deposit mix
90%Interest-bearing $154.2M10%Noninterest $16.6MQ2 2025Q2 2026

NIM

3.58%Q2 ’243.70%Q2 ’253.91%Q2 ’26+5%+12%

Non-interest income vs. expense

2.23%Q2 ’242.14%Q2 ’252.21%Q2 ’26-4%+3%

Executive Summary

  • Earnings: ROA of 0.88%, up 21 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.75% of loans (+42 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 9.36%, up 16 bps from a year ago.
  • Funding: loans stand at 47.90% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.88%+21 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+31 bps YoY

Efficiency Ratio (YTD, annualized)

67.48%-513 bps YoY

Tier 1 Leverage Ratio

9.36%+16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.73%0.70%0.83%0.88%+21 bps
Return on Equity13.69%14.17%13.33%14.40%15.30%+161 bps
Net Interest Margin2.57%2.61%2.66%2.85%2.88%+31 bps
Efficiency Ratio72.61%70.61%71.56%69.63%67.48%-513 bps
Non-Interest Burden1.76%1.73%1.78%1.87%1.81%+6 bps
Growth
Asset Growth (YoY)3.82%2.95%2.60%3.59%1.11%-271 bps
Loan Growth (YoY)6.52%4.13%3.98%7.58%9.48%+296 bps
Deposit Growth (YoY)9.30%9.48%4.67%5.31%-2.64%-1,194 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.27%0.43%0.41%0.75%+42 bps
Net Charge-Offs / Loans-0.07%-0.05%-0.03%0.03%0.02%+9 bps
Allowance / Loans1.06%1.02%1.00%0.96%0.96%-10 bps
Allowance Coverage of NPLs3.3x3.8x2.3x2.3x1.3x-2.0x
Capital
Tier 1 Leverage Ratio9.20%9.23%9.30%9.29%9.36%+16 bps
Total Risk-Based Capital9.20%9.23%9.30%9.29%9.36%+16 bps
Equity / Assets5.02%5.64%5.85%5.63%5.85%+83 bps
Liquidity & Funding
Loans / Deposits42.60%44.44%46.78%46.15%47.90%+530 bps
Liquid Assets / Assets26.14%26.37%26.48%26.02%25.81%-33 bps
CRE / Total Capitaln/a134.43%133.41%143.39%n/an/a