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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

6.17%Q2 ’246.25%Q2 ’256.20%Q2 ’26+11%+9%

Non-interest income vs. expense

2.64%Q2 ’242.18%Q2 ’252.33%Q2 ’26-13%-20%

Executive Summary

  • Earnings: ROA of 1.75%, up 69 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 2.17% of loans (+71 bps YoY), with net recoveries of 0.11%.
  • 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 (quarter, annualized)

1.75%+69 bps YoY

Net Interest Margin (quarter, annualized)

3.65%+31 bps YoY

Efficiency Ratio (quarter, annualized)

53.33%-873 bps YoY

Tier 1 Leverage Ratio

8.50%+19 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%0.55%1.05%-2.43%1.75%+69 bps
Return on Equity14.48%7.13%12.84%-30.66%22.36%+789 bps
Net Interest Margin3.33%3.51%3.67%3.78%3.65%+31 bps
Efficiency Ratio62.06%63.19%60.63%51.88%53.33%-873 bps
Non-Interest Burden2.00%2.14%2.04%1.88%1.61%-39 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 / Loans0.28%0.08%0.00%5.46%-0.11%-39 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