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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

5.76%Q2 ’245.41%Q2 ’256.12%Q2 ’26-6%+26%

Non-interest income vs. expense

2.26%Q2 ’242.32%Q2 ’252.70%Q2 ’26+3%+18%

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 1.69%, up 78 bps year over year; NIM at 4.80%.
  • Asset quality: problem loans at 8.88% of loans (-388 bps YoY), with net charge-offs at 0.00%.
  • 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 (quarter, annualized)

1.69%+78 bps YoY

Net Interest Margin (quarter, annualized)

4.80%+98 bps YoY

Efficiency Ratio (quarter, annualized)

55.60%-396 bps YoY

Tier 1 Leverage Ratio

15.24%+132 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.91%0.83%-1.44%1.71%1.69%+78 bps
Return on Equity6.61%5.76%-10.22%12.25%11.16%+455 bps
Net Interest Margin3.82%4.15%4.19%5.75%4.80%+98 bps
Efficiency Ratio59.55%65.09%87.02%57.52%55.60%-396 bps
Non-Interest Burden2.23%2.66%3.62%3.25%2.62%+39 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 / Loans1.27%0.00%1.71%-1.36%0.00%-127 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