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Franklin State Bank

Franklin, MN · Cert 16778

FDIC · 1 branch

Q1 2025

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: Q1 2025, the quarter ended March 31, 2025, 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=122 to 124). 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

55

Q2 2024Q1 2025peer median (50)

Asset Quality

86

Q2 2024Q1 2025peer median (50)

Profitability

7

Q2 2024Q1 2025peer median (50)

Liquidity

51

Q2 2024Q1 2025peer median

Efficiency

1

Q2 2024Q1 2025peer 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

Franklin State Bank

Franklin, MN · Cert 16778

FDIC · 1 branch

Q1 2025

$44.5MAssets
$23.8MLoans
$38.6MDeposits
$5.6MEquity
Loan mix
79%RE $15.9M9%C&I $1.9M12%Consumer $2.4MQ2 2023Q1 2025
Deposit mix
73%Interest-bearing $28.2M27%Noninterest $10.4MQ2 2023Q1 2025

Executive Summary

  • Earnings: ROA of -0.74%, down 131 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.02% of loans (-3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.85%, down 67 bps from a year ago.
  • Funding: loans stand at 61.60% of deposits as of Q1 2025.

Return on Assets (YTD, annualized)

-0.74%-131 bps YoY

Net Interest Margin (YTD, annualized)

2.97%+23 bps YoY

Efficiency Ratio (YTD, annualized)

129.55%+6,014 bps YoY

Tier 1 Leverage Ratio

12.85%-67 bps YoY

NIM

3.58%Q1 ’234.15%Q1 ’244.37%Q1 ’25+1%+9%

Non-interest income vs. expense

2.01%Q1 ’232.02%Q1 ’244.04%Q1 ’25+0%+111%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.80%0.73%0.73%0.57%0.54%0.65%0.67%-0.74%-131 bps
Return on Equity6.34%5.77%5.76%4.45%4.27%5.05%5.26%-5.80%-1,025 bps
Net Interest Margin2.77%2.75%2.75%2.74%2.75%2.77%2.80%2.97%+23 bps
Efficiency Ratio65.83%69.03%69.66%69.41%68.62%66.81%66.64%129.55%+6,014 bps
Non-Interest Burden1.76%1.84%1.86%1.85%1.83%1.80%1.81%3.89%+205 bps
Growth
Asset Growth (YoY)1.84%3.76%5.60%1.10%7.16%6.57%8.38%5.37%+427 bps
Loan Growth (YoY)8.50%6.09%3.90%4.17%0.89%-0.02%-1.93%-2.48%-666 bps
Deposit Growth (YoY)1.80%4.05%5.81%0.50%7.49%6.84%8.60%6.13%+563 bps
Asset Quality
Nonperforming Loans / Loans0.04%0.07%0.07%0.05%0.03%0.02%0.02%0.02%-3 bps
Net Charge-Offs / Loans0.06%0.04%0.04%0.08%0.07%0.05%0.04%0.00%-8 bps
Allowance / Loans0.93%0.94%0.96%1.01%0.97%0.96%0.99%1.10%+9 bps
Allowance Coverage of NPLs25.8x12.7x13.7x20.4x34.7x41.0x41.5x52.2x+31.8x
Capital
Tier 1 Leverage Ratio13.74%13.96%13.96%13.52%13.50%13.51%13.62%12.85%-67 bps
Total Risk-Based Capital13.74%13.96%13.96%13.52%13.50%13.51%13.62%12.85%-67 bps
Equity / Assets12.81%12.83%12.91%12.63%12.50%13.05%12.80%12.65%+2 bps
Liquidity & Funding
Loans / Deposits71.84%74.51%72.97%67.04%67.42%69.73%65.89%61.60%-544 bps
Liquid Assets / Assets9.62%9.04%8.36%18.17%18.33%17.24%22.46%3.84%-1,433 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/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

Franklin State Bank

Franklin, MN · Cert 16778 · Peer group: banks under $1B in assets in MN (n=122-124)

FDIC · 1 branch

Q1 2025

$44.5MAssets
$23.8MLoans
$38.6MDeposits
$5.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 71 of 122).
  • Widest gap: efficiency ratio trails 99% of banks under $1B in assets in MN (rank 124 of 124).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

-0.74%

Rank 123 of 124

Net Interest Margin

2.97%

Rank 100 of 124

Efficiency Ratio

129.55%

Rank 124 of 124

Equity / Assets

12.65%

Rank 21 of 124

Non-interest income vs. expense

$0.1M$1.8MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 1% of banks under $1B in assets in MN
Bank 129.55%Peer median 65.9%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets-0.74%0.63%0.94%1.29%Beats 1%123 / 124
Return on Equity-5.83%6.93%10.21%12.87%Beats 2%122 / 124
Net Interest Margin2.97%3.04%3.52%3.97%Beats 19%100 / 124
Efficiency Ratio129.55%57.88%65.92%75.89%Beats 1%124 / 124
Asset Quality
Nonperforming Loans / Loans0.02%0.01%0.33%1.20%Beats 72%35 / 122
Net Charge-Offs / Loans0.00%n/an/a0.01%Beats 100%71 / 122
Capital
Tier 1 Capital Ratio12.85%11.38%13.15%17.74%Beats 48%65 / 124
Total Risk-Based Capital Ratio12.85%11.99%13.93%18.89%Beats 35%80 / 124
Equity / Assets12.65%7.96%9.56%11.71%Beats 83%21 / 124
Liquidity & Funding
Loans / Deposits61.60%60.74%74.69%88.04%26th pctl90 / 122
Loans / Assets53.37%53.37%65.91%77.15%25th pctl92 / 122
Brokered Deposits / Depositsn/aNot reported for this institution