PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Northwoods Bank of Minnesota

Park Rapids, MN · Cert 1415 · Dorset Bancshares Inc.

State savings bank · OCC · 4 branches

Q2 2026

$140.6MAssets
$77.6MLoans
$125.0MDeposits
$13.0MEquity
Loan mix
95%RE $73.2M4%C&I $3.0M1%Consumer $1.0MQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $89.4M28%Noninterest $35.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.86%, up 29 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.03% of loans (-87 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.22%, up 15 bps from a year ago.
  • Funding: loans stand at 62.08% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.86%+29 bps YoY

Net Interest Margin (quarter, annualized)

3.90%+60 bps YoY

Efficiency Ratio (quarter, annualized)

74.84%-606 bps YoY

Tier 1 Leverage Ratio

11.22%+15 bps YoY

NIM

4.43%Q2 ’244.47%Q2 ’254.96%Q2 ’26+6%+18%

Non-interest income vs. expense

3.04%Q2 ’243.00%Q2 ’253.23%Q2 ’26-2%+9%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.52%0.59%0.57%0.98%1.07%0.88%0.86%+29 bps
Return on Equity8.53%6.45%7.36%6.81%11.46%11.87%9.54%9.28%+246 bps
Net Interest Margin3.21%3.19%3.40%3.30%3.74%3.70%3.66%3.90%+60 bps
Efficiency Ratio76.96%80.98%79.64%80.90%71.34%73.95%72.48%74.84%-606 bps
Non-Interest Burden2.35%2.51%2.63%2.59%2.54%2.62%2.56%2.81%+22 bps
Growth
Asset Growth (YoY)0.94%1.01%-1.04%0.35%0.83%2.16%4.39%2.58%+222 bps
Loan Growth (YoY)2.90%3.15%-1.39%-5.10%0.39%1.30%1.62%3.44%+854 bps
Deposit Growth (YoY)-2.80%0.46%-1.66%-0.75%0.73%0.85%3.44%3.09%+383 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.21%0.00%0.90%0.40%0.00%0.00%0.03%-87 bps
Net Charge-Offs / Loans-0.02%0.00%-0.02%-0.02%-0.01%0.00%-0.01%-0.01%+1 bps
Allowance / Loans1.41%1.43%1.45%1.47%1.43%1.30%1.31%1.30%-17 bps
Allowance Coverage of NPLs4.2x6.7xn/a1.6x3.5x1009.0xn/a44.0x+42.3x
Capital
Tier 1 Leverage Ratio10.68%11.17%11.44%11.07%10.69%10.93%11.00%11.22%+15 bps
Total Risk-Based Capital10.68%11.17%11.44%11.07%10.69%10.93%11.00%11.22%+15 bps
Equity / Assets8.39%7.70%8.46%8.20%8.96%9.09%9.32%9.22%+103 bps
Liquidity & Funding
Loans / Deposits61.90%61.19%63.05%61.87%61.69%61.46%61.94%62.08%+21 bps
Liquid Assets / Assets0.86%0.68%0.68%0.69%0.68%0.76%0.66%2.83%+214 bps
CRE / Total Capitaln/an/an/an/a265%258%256%n/an/a