PackageTrendsPeer
Letter portraitLegal landscape

Red River State Bank

Halstad, MN · Cert 15820 · Red River Finl Services Inc.

State charter, non-member · FDIC · 2 branches

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

70

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

79

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

64

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

Red River State Bank

Halstad, MN · Cert 15820 · Red River Finl Services Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$110.2MAssets
$98.2MLoans
$91.7MDeposits
$17.7MEquity
Loan mix
45%RE $35.7M42%C&I $33.6M12%Consumer $9.9MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $64.7M29%Noninterest $27.0MQ2 2025Q2 2026

NIM

5.60%Q2 ’245.75%Q2 ’256.73%Q2 ’26+1%+32%

Non-interest income vs. expense

2.16%Q2 ’242.31%Q2 ’253.09%Q2 ’26+7%+35%

Market Position · Grand Forks, ND-MN · 2026 SOD (annual) · 1.1% share · #15 of 21 inst. · $0.0B of $3.9B

22.0% Norman
4.1% Polk

Executive Summary

  • Earnings: ROA of 1.71%, up 61 bps year over year; NIM at 5.37%.
  • Asset quality: problem loans at 8.88% of loans (-388 bps YoY), with net recoveries of 0.69%.
  • Capital: tier 1 leverage ratio of 15.24%, up 132 bps from a year ago.
  • Funding: loans stand at 107.14% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.71%+61 bps YoY

Net Interest Margin (YTD, annualized)

5.37%+131 bps YoY

Efficiency Ratio (YTD, annualized)

56.66%+94 bps YoY

Tier 1 Leverage Ratio

15.24%+132 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.10%1.01%0.50%1.71%1.71%+61 bps
Return on Equity8.17%7.37%3.63%12.25%11.69%+351 bps
Net Interest Margin4.06%4.16%4.05%5.75%5.37%+131 bps
Efficiency Ratio55.73%58.84%66.11%57.52%56.66%+94 bps
Non-Interest Burden2.21%2.40%2.64%3.25%2.99%+78 bps
Growth
Asset Growth (YoY)-5.12%-4.26%-3.00%-4.33%-5.14%-2 bps
Loan Growth (YoY)-7.53%-5.67%-3.05%-4.87%-5.56%+197 bps
Deposit Growth (YoY)-6.92%-5.47%-3.76%-5.40%-6.89%+3 bps
Asset Quality
Nonperforming Loans / Loans12.76%12.55%12.11%8.50%8.88%-388 bps
Net Charge-Offs / Loans0.61%0.40%0.73%-1.36%-0.69%-130 bps
Allowance / Loans0.91%1.01%1.14%1.62%1.67%+76 bps
Allowance Coverage of NPLs0.1x0.1x0.1x0.2x0.2x+0.1x
Capital
Tier 1 Leverage Ratio13.92%14.32%13.42%14.23%15.24%+132 bps
Total Risk-Based Capital13.92%14.32%13.42%14.23%15.24%+132 bps
Equity / Assets14.47%14.49%13.68%14.22%16.09%+162 bps
Liquidity & Funding
Loans / Deposits105.63%106.27%101.66%97.03%107.14%+151 bps
Liquid Assets / Assets0.85%0.42%0.00%0.42%0.68%-17 bps
CRE / Total Capitaln/a73.10%78.25%72.32%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

Red River State Bank

Halstad, MN · Cert 15820 · Peer group: banks under $1B in assets in MN (n=111-113) · Red River Finl Services Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$110.2MAssets
$98.2MLoans
$91.7MDeposits
$17.7MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: nonperforming loans / loans trails 99% of banks under $1B in assets in MN (rank 111 of 111).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.81%

Rank 11 of 113

Net Interest Margin

5.37%

Rank 4 of 113

Efficiency Ratio

56.66%

Rank 42 of 113

Equity / Assets

16.09%

Rank 8 of 113

Non-interest income vs. expense

$0.1M$3.5MINCOMEEXPENSE
Unfavorable gap of $3.4M · efficiency ratio beats 64% of banks under $1B in assets in MN
Bank 56.66%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.81%0.87%1.20%1.41%Beats 90%11 / 113
Return on Equity11.27%8.92%11.27%13.99%Beats 50%57 / 113
Net Interest Margin5.37%3.42%3.88%4.31%Beats 96%4 / 113
Efficiency Ratio56.66%54.13%61.48%69.86%Beats 64%42 / 113
Asset Quality
Nonperforming Loans / Loans8.88%0.09%0.58%1.82%Beats 1%111 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio15.24%11.53%13.31%18.13%Beats 61%44 / 113
Total Risk-Based Capital Ratio15.24%12.12%14.43%19.39%Beats 56%50 / 113
Equity / Assets16.09%8.52%10.10%11.94%Beats 93%8 / 113
Liquidity & Funding
Loans / Deposits107.14%62.08%77.32%88.06%95th pctl6 / 111
Loans / Assets89.11%55.01%66.35%75.50%96th pctl5 / 113
Brokered Deposits / Depositsn/aNot reported for this institution