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Security Bank USA

Bemidji, MN · Cert 1604 · Security St Bancshares Bemidji

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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

50

Q2 2024Q2 2026peer median (50)

Profitability

77

Q2 2024Q2 2026peer median (50)

Liquidity

82

Q2 2024Q2 2026peer median

Efficiency

45

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

Security Bank USA

Bemidji, MN · Cert 1604 · Security St Bancshares Bemidji

State charter, non-member · FDIC · 2 branches

Q2 2026

$263.9MAssets
$194.9MLoans
$238.8MDeposits
$24.1MEquity
Loan mix
75%RE $140.2M15%C&I $28.3M10%Consumer $18.3MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $194.5M19%Noninterest $44.3MQ2 2025Q2 2026

NIM

5.30%Q2 ’245.60%Q2 ’255.78%Q2 ’26+14%+7%

Non-interest income vs. expense

3.07%Q2 ’243.11%Q2 ’253.11%Q2 ’26+6%-1%

Executive Summary

  • Earnings: ROA of 1.45%, up 24 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.22% of loans (-94 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 9.36%, down 13 bps from a year ago.
  • Funding: loans stand at 81.60% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.45%+24 bps YoY

Net Interest Margin (YTD, annualized)

4.28%+29 bps YoY

Efficiency Ratio (YTD, annualized)

62.52%-413 bps YoY

Tier 1 Leverage Ratio

9.36%-13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.21%1.26%1.22%1.46%1.45%+24 bps
Return on Equity13.80%14.26%13.64%15.90%15.79%+199 bps
Net Interest Margin3.99%4.03%4.08%4.23%4.28%+29 bps
Efficiency Ratio66.66%65.76%67.55%61.59%62.52%-413 bps
Non-Interest Burden2.44%2.42%2.54%2.37%2.42%-2 bps
Growth
Asset Growth (YoY)3.90%0.24%5.55%10.81%4.62%+72 bps
Loan Growth (YoY)5.53%8.82%4.91%8.34%7.90%+237 bps
Deposit Growth (YoY)3.75%-0.02%4.96%10.90%4.18%+43 bps
Asset Quality
Nonperforming Loans / Loans1.16%1.10%0.47%0.37%0.22%-94 bps
Net Charge-Offs / Loans0.02%0.02%-0.01%0.00%0.05%+2 bps
Allowance / Loans1.37%1.33%1.41%1.37%1.28%-8 bps
Allowance Coverage of NPLs1.2x1.2x3.0x3.7x5.7x+4.6x
Capital
Tier 1 Leverage Ratio9.48%9.56%9.62%9.74%9.36%-13 bps
Total Risk-Based Capital14.74%14.73%15.33%15.71%14.72%-2 bps
Equity / Assets8.79%9.16%9.27%9.06%9.14%+35 bps
Liquidity & Funding
Loans / Deposits78.79%81.43%77.79%75.86%81.60%+281 bps
Liquid Assets / Assets5.67%3.43%9.83%11.66%3.66%-201 bps
CRE / Total Capitaln/a253%253%246%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

Security Bank USA

Bemidji, MN · Cert 1604 · Peer group: banks under $1B in assets in MN (n=111-113) · Security St Bancshares Bemidji

State charter, non-member · FDIC · 2 branches

Q2 2026

$263.9MAssets
$194.9MLoans
$238.8MDeposits
$24.1MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 83% of banks under $1B in assets in MN (rank 19 of 113).
  • Widest gap: equity / assets trails 69% of banks under $1B in assets in MN (rank 78 of 113).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.46%

Rank 28 of 113

Net Interest Margin

4.28%

Rank 32 of 113

Efficiency Ratio

62.52%

Rank 63 of 113

Equity / Assets

9.14%

Rank 78 of 113

Non-interest income vs. expense

$1.8M$8.3MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 45% of banks under $1B in assets in MN
Bank 62.52%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.46%0.87%1.20%1.41%Beats 75%28 / 113
Return on Equity16.01%8.92%11.27%13.99%Beats 83%19 / 113
Net Interest Margin4.28%3.42%3.88%4.31%Beats 72%32 / 113
Efficiency Ratio62.52%54.13%61.48%69.86%Beats 45%63 / 113
Asset Quality
Nonperforming Loans / Loans0.22%0.09%0.58%1.82%Beats 68%37 / 111
Net Charge-Offs / Loans0.02%n/a0.00%0.04%Beats 32%77 / 111
Capital
Tier 1 Capital Ratio13.47%11.53%13.31%18.13%Beats 51%55 / 113
Total Risk-Based Capital Ratio14.72%12.12%14.43%19.39%Beats 51%55 / 113
Equity / Assets9.14%8.52%10.10%11.94%Beats 31%78 / 113
Liquidity & Funding
Loans / Deposits81.60%62.08%77.32%88.06%60th pctl44 / 111
Loans / Assets73.86%55.01%66.35%75.50%65th pctl39 / 113
Brokered Deposits / Depositsn/aNot reported for this institution