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First Security Bank - Hendricks

Hendricks, MN · Cert 15767

FDIC · 1 branch

Q2 2025

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 2025, the quarter ended June 30, 2025, 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=119 to 121). 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

83

Q2 2024Q2 2025peer median (50)

Asset Quality

100

Q2 2024Q2 2025peer median (50)

Profitability

71

Q2 2024Q2 2025peer median (50)

Liquidity

0

Q2 2024Q2 2025peer median

Efficiency

94

Q2 2024Q2 2025peer 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

First Security Bank - Hendricks

Hendricks, MN · Cert 15767

FDIC · 1 branch

Q2 2025

$40.3MAssets
$14.8MLoans
$35.7MDeposits
$4.5MEquity
Loan mix
60%RE $5.6M35%C&I $3.2M5%Consumer $0.5MQ2 2024Q2 2025
Deposit mix
68%Interest-bearing $24.1M32%Noninterest $11.6MQ2 2024Q2 2025

NIM

3.52%Q2 ’234.43%Q2 ’244.19%Q2 ’25+4%-1%

Non-interest income vs. expense

1.85%Q2 ’231.61%Q2 ’241.62%Q2 ’25-10%-1%

Executive Summary

  • Earnings: ROA of 1.92%, up 58 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.63%, down 60 bps from a year ago.
  • Funding: loans stand at 41.48% of deposits as of Q2 2025.

Financial Results

Return on Assets (YTD, annualized)

1.92%+58 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-4 bps YoY

Efficiency Ratio (YTD, annualized)

47.57%+59 bps YoY

Tier 1 Leverage Ratio

13.63%-60 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets1.34%1.36%1.33%2.41%1.92%+58 bps
Return on Equity13.70%13.20%12.61%21.18%17.03%+333 bps
Net Interest Margin3.17%3.23%3.15%2.98%3.13%-4 bps
Efficiency Ratio46.98%47.68%49.49%47.61%47.57%+59 bps
Non-Interest Burden1.35%1.39%1.41%1.15%1.34%-1 bps
Growth
Asset Growth (YoY)1.31%-3.00%-16.73%-3.57%-2.46%-378 bps
Loan Growth (YoY)3.63%2.65%-6.45%-5.86%-17.33%-2,096 bps
Deposit Growth (YoY)-0.40%-6.66%-19.36%-4.71%-2.89%-249 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.67%1.57%1.79%1.07%1.11%-56 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.23%14.94%14.98%14.13%13.63%-60 bps
Total Risk-Based Capital28.96%30.12%31.22%30.64%30.86%+190 bps
Equity / Assets10.79%12.01%11.51%11.20%11.16%+37 bps
Liquidity & Funding
Loans / Deposits48.72%48.66%44.53%42.09%41.48%-725 bps
Liquid Assets / Assets21.62%21.20%25.88%28.68%30.69%+907 bps
CRE / Total Capitaln/an/an/an/an/an/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

First Security Bank - Hendricks

Hendricks, MN · Cert 15767 · Peer group: banks under $1B in assets in MN (n=119-121)

FDIC · 1 branch

Q2 2025

$40.3MAssets
$14.8MLoans
$35.7MDeposits
$4.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 21 of 119).
  • Widest gap: net interest margin trails 77% of banks under $1B in assets in MN (rank 93 of 121).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.99%

Rank 5 of 121

Net Interest Margin

3.13%

Rank 93 of 121

Efficiency Ratio

47.57%

Rank 8 of 121

Equity / Assets

11.16%

Rank 40 of 121

Non-interest income vs. expense

$120K$686KINCOMEEXPENSE
Unfavorable gap of $566K · efficiency ratio beats 94% of banks under $1B in assets in MN
Bank 47.57%Peer median 63.4%Q2 2024Q2 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.99%0.66%1.01%1.31%Beats 96%5 / 121
Return on Equity17.78%7.17%10.35%12.66%Beats 95%6 / 121
Net Interest Margin3.13%3.16%3.61%4.11%Beats 23%93 / 121
Efficiency Ratio47.57%57.71%63.44%72.50%Beats 94%8 / 121
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.36%1.18%Beats 100%21 / 119
Net Charge-Offs / Loans0.00%n/a0.00%0.05%Beats 100%44 / 119
Capital
Tier 1 Capital Ratio29.99%11.31%13.44%18.02%Beats 91%11 / 121
Total Risk-Based Capital Ratio30.86%11.99%14.57%19.27%Beats 91%11 / 121
Equity / Assets11.16%8.03%9.63%11.71%Beats 67%40 / 121
Liquidity & Funding
Loans / Deposits41.48%62.21%77.25%88.14%4th pctl114 / 119
Loans / Assets36.75%53.50%66.63%76.08%5th pctl113 / 119
Brokered Deposits / Depositsn/aNot reported for this institution