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Odin State Bank

Odin, MN · Cert 14574 · Odin Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in MN (n=111 to 113). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

31

Q2 2024Q2 2026peer median (50)

Asset Quality

11

Q2 2024Q2 2026peer median (50)

Profitability

15

Q2 2024Q2 2026peer median (50)

Liquidity

86

Q2 2024Q2 2026peer median

Efficiency

82

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Odin State Bank

Odin, MN · Cert 14574 · Odin Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$82.4MAssets
$60.0MLoans
$74.4MDeposits
$6.7MEquity
Loan mix
85%RE $42.9M5%C&I $2.3M11%Consumer $5.4MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $64.7M13%Noninterest $9.7MQ2 2025Q2 2026

NIM

6.11%Q2 ’246.11%Q2 ’256.31%Q2 ’26+6%+17%

Non-interest income vs. expense

2.44%Q2 ’242.14%Q2 ’252.20%Q2 ’26-10%-9%

Executive Summary

  • Earnings: ROA of -0.11%, down 100 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 2.17% of loans (+71 bps YoY), with net charge-offs at 2.77%.
  • Capital: tier 1 leverage ratio of 8.50%, up 19 bps from a year ago.
  • Funding: loans stand at 80.60% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.11%-100 bps YoY

Net Interest Margin (YTD, annualized)

3.74%+55 bps YoY

Efficiency Ratio (YTD, annualized)

52.64%-1,051 bps YoY

Tier 1 Leverage Ratio

8.50%+19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.77%0.84%-2.43%-0.11%-100 bps
Return on Equity12.17%10.36%11.04%-30.66%-1.39%-1,355 bps
Net Interest Margin3.19%3.32%3.33%3.78%3.74%+55 bps
Efficiency Ratio63.15%63.16%62.43%51.88%52.64%-1,051 bps
Non-Interest Burden1.94%2.02%1.98%1.88%1.76%-18 bps
Growth
Asset Growth (YoY)7.32%5.40%6.32%-1.59%5.28%-204 bps
Loan Growth (YoY)4.05%0.36%0.37%-2.66%-3.31%-736 bps
Deposit Growth (YoY)11.16%6.91%7.19%-2.02%4.57%-659 bps
Asset Quality
Nonperforming Loans / Loans1.45%1.50%1.38%1.15%2.17%+71 bps
Net Charge-Offs / Loans0.24%0.19%0.14%5.46%2.77%+253 bps
Allowance / Loans1.02%1.01%0.97%1.00%1.06%+4 bps
Allowance Coverage of NPLs0.7x0.7x0.7x0.9x0.5x-0.2x
Capital
Tier 1 Leverage Ratio8.32%8.49%8.53%7.89%8.50%+19 bps
Total Risk-Based Capital13.54%13.32%13.05%12.31%13.11%-43 bps
Equity / Assets7.52%7.91%8.39%7.44%8.18%+66 bps
Liquidity & Funding
Loans / Deposits87.17%84.01%86.67%86.63%80.60%-657 bps
Liquid Assets / Assets0.93%0.42%0.52%0.64%0.16%-77 bps
CRE / Total Capitaln/a6.82%6.34%6.82%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Odin State Bank

Odin, MN · Cert 14574 · Peer group: banks under $1B in assets in MN (n=111-113) · Odin Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$82.4MAssets
$60.0MLoans
$74.4MDeposits
$6.7MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 82% of banks under $1B in assets in MN (rank 21 of 113).
  • Widest gap: net charge-offs / loans trails 98% of banks under $1B in assets in MN (rank 110 of 111).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-0.11%

Rank 111 of 113

Net Interest Margin

3.74%

Rank 68 of 113

Efficiency Ratio

52.64%

Rank 21 of 113

Equity / Assets

8.18%

Rank 90 of 113

Non-interest income vs. expense

$0.4M$1.8MINCOMEEXPENSE
Unfavorable gap of $1.4M · efficiency ratio beats 82% of banks under $1B in assets in MN
Bank 52.64%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-0.11%0.87%1.20%1.41%Beats 2%111 / 113
Return on Equity-1.33%8.92%11.27%13.99%Beats 2%111 / 113
Net Interest Margin3.74%3.42%3.88%4.31%Beats 40%68 / 113
Efficiency Ratio52.64%54.13%61.48%69.86%Beats 82%21 / 113
Asset Quality
Nonperforming Loans / Loans2.17%0.09%0.58%1.82%Beats 19%91 / 111
Net Charge-Offs / Loans1.59%n/a0.00%0.04%Beats 2%110 / 111
Capital
Tier 1 Capital Ratio11.94%11.53%13.31%18.13%Beats 33%76 / 113
Total Risk-Based Capital Ratio13.11%12.12%14.43%19.39%Beats 40%68 / 113
Equity / Assets8.18%8.52%10.10%11.94%Beats 20%90 / 113
Liquidity & Funding
Loans / Deposits80.60%62.08%77.32%88.06%57th pctl48 / 111
Loans / Assets72.78%55.01%66.35%75.50%62nd pctl43 / 113
Brokered Deposits / Depositsn/aNot reported for this institution