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Security State Bank of Aitkin

Aitkin, MN · Cert 16656 · Security St Agency Aitkin Inc.

State charter, non-member · FDIC · 4 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

10

Q2 2024Q2 2026peer median (50)

Asset Quality

59

Q2 2024Q2 2026peer median (50)

Profitability

40

Q2 2024Q2 2026peer median (50)

Liquidity

19

Q2 2024Q2 2026peer median

Efficiency

12

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 State Bank of Aitkin

Aitkin, MN · Cert 16656 · Security St Agency Aitkin Inc.

State charter, non-member · FDIC · 1 affiliate bank · 4 branches (6 in holding)

Q2 2026

$114.5MAssets
$57.1MLoans
$106.7MDeposits
$6.3MEquity
Loan mix
75%RE $40.8M21%C&I $11.3M4%Consumer $2.0MQ2 2025Q2 2026
Deposit mix
66%Interest-bearing $70.5M34%Noninterest $36.2MQ2 2025Q2 2026

NIM

4.33%Q2 ’244.81%Q2 ’254.73%Q2 ’26+4%0%

Non-interest income vs. expense

2.72%Q2 ’242.91%Q2 ’252.94%Q2 ’26+8%+1%

Executive Summary

  • Earnings: ROA of 0.74%, down 5 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 2.24% of loans (+224 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.79%, down 158 bps from a year ago.
  • Funding: loans stand at 53.53% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.74%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.71%-1 bps YoY

Efficiency Ratio (YTD, annualized)

75.50%+108 bps YoY

Tier 1 Leverage Ratio

10.79%-158 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.79%0.85%0.79%0.67%0.74%-5 bps
Return on Equity13.58%14.84%13.74%11.64%13.05%-53 bps
Net Interest Margin3.72%3.64%3.69%3.65%3.71%-1 bps
Efficiency Ratio74.41%72.78%74.59%77.85%75.50%+108 bps
Non-Interest Burden2.72%2.60%2.70%2.81%2.76%+3 bps
Growth
Asset Growth (YoY)6.69%1.18%2.00%-0.79%2.15%-455 bps
Loan Growth (YoY)6.80%15.24%15.07%8.20%13.56%+676 bps
Deposit Growth (YoY)4.17%2.53%1.19%-0.32%3.20%-97 bps
Asset Quality
Nonperforming Loans / Loans0.00%1.20%2.52%2.34%2.24%+224 bps
Net Charge-Offs / Loans0.00%0.00%0.02%0.00%0.00%0 bps
Allowance / Loans2.19%2.11%2.03%2.00%1.91%-28 bps
Allowance Coverage of NPLsn/a1.7x0.8x0.9x0.9xn/a
Capital
Tier 1 Leverage Ratio12.37%10.48%10.69%10.88%10.79%-158 bps
Total Risk-Based Capital12.37%10.48%10.69%10.88%10.79%-158 bps
Equity / Assets6.36%5.39%5.89%5.62%5.50%-86 bps
Liquidity & Funding
Loans / Deposits48.65%49.91%51.45%53.43%53.53%+488 bps
Liquid Assets / Assets6.58%7.90%6.96%5.07%6.35%-23 bps
CRE / Total Capitaln/a216%229%243%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 State Bank of Aitkin

Aitkin, MN · Cert 16656 · Peer group: banks under $1B in assets in MN (n=111-113) · Security St Agency Aitkin Inc.

State charter, non-member · FDIC · 1 affiliate bank · 4 branches (6 in holding)

Q2 2026

$114.5MAssets
$57.1MLoans
$106.7MDeposits
$6.3MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: equity / assets trails 98% of banks under $1B in assets in MN (rank 111 of 113).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.73%

Rank 94 of 113

Net Interest Margin

3.71%

Rank 72 of 113

Efficiency Ratio

75.50%

Rank 101 of 113

Equity / Assets

5.50%

Rank 111 of 113

Non-interest income vs. expense

$0.2M$3.3MINCOMEEXPENSE
Unfavorable gap of $3.1M · efficiency ratio beats 12% of banks under $1B in assets in MN
Bank 75.50%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.73%0.87%1.20%1.41%Beats 17%94 / 113
Return on Equity13.18%8.92%11.27%13.99%Beats 67%37 / 113
Net Interest Margin3.71%3.42%3.88%4.31%Beats 36%72 / 113
Efficiency Ratio75.50%54.13%61.48%69.86%Beats 12%101 / 113
Asset Quality
Nonperforming Loans / Loans2.24%0.09%0.58%1.82%Beats 18%92 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio10.79%11.53%13.31%18.13%Beats 15%96 / 113
Total Risk-Based Capital Ratio10.79%12.12%14.43%19.39%Beats 12%99 / 113
Equity / Assets5.50%8.52%10.10%11.94%Beats 2%111 / 113
Liquidity & Funding
Loans / Deposits53.53%62.08%77.32%88.06%13th pctl97 / 111
Loans / Assets49.89%55.01%66.35%75.50%17th pctl94 / 113
Brokered Deposits / Depositsn/aNot reported for this institution