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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