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Luminate Bank

Minneapolis, MN · Cert 16635 · Luminate Capital Corp.

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 the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

51

Q2 2024Q2 2026peer median (50)

Asset Quality

15

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

2

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

Luminate Bank

Minneapolis, MN · Cert 16635 · Luminate Capital Corp.

State charter, non-member · FDIC · 2 branches

Q2 2026

$554.5MAssets
$453.6MLoans
$412.7MDeposits
$54.6MEquity
Loan mix
90%RE $377.5M10%C&I $40.5M0%Consumer $0.5MQ2 2025Q2 2026
Deposit mix
98%Interest-bearing $405.5M2%Noninterest $7.3MQ2 2025Q2 2026

NIM

5.48%Q2 ’245.66%Q2 ’256.62%Q2 ’26+29%+15%

Non-interest income vs. expense

47.20%Q2 ’2428.11%Q2 ’2531.39%Q2 ’26+57%+97%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.2% share · #42 of 125 inst. · $0.4B of $253.2B

0.3% Hennepin
8.4% Dodge

Executive Summary

  • Earnings: ROA of 2.44%, up 40 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 2.33% of loans (-129 bps YoY), with net charge-offs at 0.49%.
  • Capital: tier 1 leverage ratio of 10.40%, up 13 bps from a year ago.
  • Funding: loans stand at 109.89% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.44%+40 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+45 bps YoY

Efficiency Ratio (YTD, annualized)

90.03%+352 bps YoY

Tier 1 Leverage Ratio

10.40%+13 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.03%2.88%2.95%2.50%2.44%+40 bps
Return on Equity19.10%27.79%29.08%25.57%24.88%+578 bps
Net Interest Margin2.95%2.70%3.32%3.39%3.40%+45 bps
Efficiency Ratio86.50%86.50%87.23%89.28%90.03%+352 bps
Non-Interest Burden-1.41%-1.19%-0.63%-0.15%-0.05%+136 bps
Growth
Asset Growth (YoY)25.50%65.24%52.17%51.56%34.44%+894 bps
Loan Growth (YoY)25.98%50.24%39.56%43.19%34.14%+817 bps
Deposit Growth (YoY)77.45%97.34%68.01%67.50%20.02%-5,744 bps
Asset Quality
Nonperforming Loans / Loans3.62%3.92%2.49%2.01%2.33%-129 bps
Net Charge-Offs / Loans4.02%2.65%1.93%0.92%0.49%-354 bps
Allowance / Loans1.55%1.59%1.29%1.01%0.97%-58 bps
Allowance Coverage of NPLs0.4x0.4x0.5x0.5x0.4x0.0x
Capital
Tier 1 Leverage Ratio10.27%8.97%10.09%10.00%10.40%+13 bps
Total Risk-Based Capital13.26%13.97%13.76%14.17%13.79%+52 bps
Equity / Assets9.50%9.65%9.54%10.00%9.84%+35 bps
Liquidity & Funding
Loans / Deposits98.32%91.32%86.20%99.35%109.89%+1,157 bps
Liquid Assets / Assets10.57%18.08%19.41%11.66%9.72%-84 bps
CRE / Total Capitaln/a157.75%174.78%182.56%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

Luminate Bank

Minneapolis, MN · Cert 16635 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Luminate Capital Corp.

State charter, non-member · FDIC · 2 branches

Q2 2026

$554.5MAssets
$453.6MLoans
$412.7MDeposits
$54.6MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 98% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 1 of 53).
  • Widest gap: efficiency ratio trails 98% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 53 of 53).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

2.32%

Rank 1 of 53

Net Interest Margin

3.40%

Rank 38 of 53

Efficiency Ratio

90.12%

Rank 53 of 53

Equity / Assets

9.84%

Rank 23 of 53

Non-interest income vs. expense

$162.5M$162.3MINCOMEEXPENSE
Favorable gap of $0.2M · efficiency ratio beats 2% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 90.12%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.32%0.73%1.11%1.30%Beats 98%1 / 53
Return on Equity23.56%7.88%12.20%14.12%Beats 98%1 / 53
Net Interest Margin3.40%3.39%3.77%4.09%Beats 28%38 / 53
Efficiency Ratio90.12%56.05%65.05%71.57%Beats 2%53 / 53
Asset Quality
Nonperforming Loans / Loans2.33%0.14%0.52%1.20%Beats 15%46 / 53
Net Charge-Offs / Loans0.29%0.00%0.01%0.08%Beats 15%46 / 53
Capital
Tier 1 Capital Ratio12.73%10.73%12.98%15.08%Beats 47%28 / 53
Total Risk-Based Capital Ratio13.79%11.49%13.79%16.34%Beats 49%27 / 53
Equity / Assets9.84%8.08%9.25%10.72%Beats 57%23 / 53
Liquidity & Funding
Loans / Deposits109.89%72.13%82.29%93.80%92nd pctl4 / 53
Loans / Assets81.80%63.64%71.80%79.37%85th pctl8 / 53
Brokered Deposits / Depositsn/aNot reported for this institution