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Manufacturers Bank & Trust Company

Forest City, IA · Cert 16307 · MBT Corp.

State charter, non-member · FDIC · 9 branches

Q2 2026

$738.2MAssets
$516.0MLoans
$640.4MDeposits
$79.9MEquity
Loan mix
78%RE $354.2M19%C&I $86.7M2%Consumer $10.8MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $515.4M20%Noninterest $125.0MQ2 2025Q2 2026

NIM

4.48%Q2 ’244.84%Q2 ’254.95%Q2 ’26+17%+10%

Non-interest income vs. expense

2.37%Q2 ’242.55%Q2 ’252.75%Q2 ’26+5%+10%

Market Position · Rochester, MN · 2026 SOD (annual) · 2.4% share · #14 of 34 inst. · $0.2B of $7.6B

43.8% Winnebago
41.9% Dodge
7.6% Steele
3.8% Cerro Gordo

Executive Summary

  • Earnings: ROA of 1.05%, up 11 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.94% of loans (+37 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.44%, up 39 bps from a year ago.
  • Funding: loans stand at 80.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.05%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+31 bps YoY

Efficiency Ratio (YTD, annualized)

65.67%-21 bps YoY

Tier 1 Leverage Ratio

10.44%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.94%0.95%0.98%0.92%1.05%+11 bps
Return on Equity9.69%9.54%9.74%8.55%9.71%+1 bps
Net Interest Margin3.12%3.18%3.20%3.41%3.44%+31 bps
Efficiency Ratio65.88%66.22%65.43%69.96%65.67%-21 bps
Non-Interest Burden1.79%1.83%1.81%2.14%1.97%+18 bps
Growth
Asset Growth (YoY)-5.50%-2.83%-1.18%-0.48%1.52%+702 bps
Loan Growth (YoY)-3.67%-5.55%-2.06%-1.89%0.63%+430 bps
Deposit Growth (YoY)-5.61%-1.97%0.13%-1.07%2.12%+774 bps
Asset Quality
Nonperforming Loans / Loans0.58%1.69%0.53%0.72%0.94%+37 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans1.40%1.46%1.43%1.49%1.52%+13 bps
Allowance Coverage of NPLs2.4x0.9x2.7x2.1x1.6x-0.8x
Capital
Tier 1 Leverage Ratio10.04%10.23%10.35%10.37%10.44%+39 bps
Total Risk-Based Capital13.98%14.30%14.14%14.02%14.13%+15 bps
Equity / Assets10.16%10.61%10.83%10.74%10.82%+66 bps
Liquidity & Funding
Loans / Deposits81.77%82.47%82.01%81.43%80.57%-119 bps
Liquid Assets / Assets0.05%0.05%0.04%0.04%0.06%+1 bps
CRE / Total Capitaln/a213%217%222%n/an/a