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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

3.67%Q2 ’243.82%Q2 ’253.99%Q2 ’26+10%+8%

Non-interest income vs. expense

2.17%Q2 ’242.13%Q2 ’252.18%Q2 ’26-2%+2%

Executive Summary

  • Earnings: ROA of 0.94%, up 17 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.75% of loans (+42 bps YoY), with net charge-offs at 0.00%.
  • 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 (quarter, annualized)

0.94%+17 bps YoY

Net Interest Margin (quarter, annualized)

2.92%+23 bps YoY

Efficiency Ratio (quarter, annualized)

65.42%-348 bps YoY

Tier 1 Leverage Ratio

9.36%+16 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.82%0.63%0.83%0.94%+17 bps
Return on Equity15.30%15.34%10.98%14.40%16.36%+107 bps
Net Interest Margin2.69%2.73%2.75%2.85%2.92%+23 bps
Efficiency Ratio68.89%66.87%74.26%69.63%65.42%-348 bps
Non-Interest Burden1.73%1.69%1.93%1.87%1.76%+4 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-0.14%0.00%0.00%0.03%0.00%+14 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