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River Falls State Bank

River Falls, WI · Cert 16840 · River Falls Bancshares Inc.

State charter, non-member · FDIC · 1 branch

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

39

Q2 2024Q2 2026peer median (50)

Asset Quality

83

Q2 2024Q2 2026peer median (50)

Profitability

28

Q2 2024Q2 2026peer median (50)

Liquidity

98

Q2 2024Q2 2026peer median

Efficiency

32

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

River Falls State Bank

River Falls, WI · Cert 16840 · River Falls Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$143.2MAssets
$104.1MLoans
$127.5MDeposits
$14.1MEquity
Loan mix
92%RE $98.6M4%C&I $4.7M3%Consumer $3.7MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $96.9M24%Noninterest $30.6MQ2 2025Q2 2026

NIM

3.96%Q2 ’244.40%Q2 ’254.67%Q2 ’26+10%+15%

Non-interest income vs. expense

2.31%Q2 ’242.43%Q2 ’252.52%Q2 ’26+8%+7%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #81 of 125 inst. · $0.1B of $253.2B

Executive Summary

  • Earnings: ROA of 0.87%, up 25 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.21% of loans (+12 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.40%, up 21 bps from a year ago.
  • Funding: loans stand at 81.61% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.87%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+43 bps YoY

Efficiency Ratio (YTD, annualized)

69.74%-547 bps YoY

Tier 1 Leverage Ratio

11.40%+21 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.61%0.64%0.66%0.81%0.87%+25 bps
Return on Equity6.93%7.16%7.21%8.24%8.82%+190 bps
Net Interest Margin2.85%2.87%2.95%3.23%3.28%+43 bps
Efficiency Ratio75.21%74.63%74.56%71.63%69.74%-547 bps
Non-Interest Burden2.05%2.04%2.10%2.22%2.18%+13 bps
Growth
Asset Growth (YoY)1.81%2.05%-2.51%3.16%3.28%+147 bps
Loan Growth (YoY)7.28%1.26%1.82%6.81%1.16%-612 bps
Deposit Growth (YoY)0.68%1.56%-1.30%6.23%6.56%+588 bps
Asset Quality
Nonperforming Loans / Loans0.09%0.08%0.04%0.21%0.21%+12 bps
Net Charge-Offs / Loans0.01%0.01%0.03%0.00%0.00%-1 bps
Allowance / Loans1.30%1.34%1.28%1.26%1.32%+2 bps
Allowance Coverage of NPLs14.4x16.3x36.2x5.9x6.4x-8.0x
Capital
Tier 1 Leverage Ratio11.19%11.00%11.04%11.49%11.40%+21 bps
Total Risk-Based Capital11.19%11.00%11.04%11.49%11.40%+21 bps
Equity / Assets9.30%9.45%9.80%9.76%9.87%+56 bps
Liquidity & Funding
Loans / Deposits85.96%82.94%85.64%85.26%81.61%-435 bps
Liquid Assets / Assets2.96%5.56%0.55%1.21%4.43%+147 bps
CRE / Total Capitaln/a225%228%228%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

River Falls State Bank

River Falls, WI · Cert 16840 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · River Falls Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$143.2MAssets
$104.1MLoans
$127.5MDeposits
$14.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 13 of 53).
  • Widest gap: net interest margin trails 79% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 42 of 53).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.85%

Rank 35 of 53

Net Interest Margin

3.28%

Rank 42 of 53

Efficiency Ratio

69.74%

Rank 37 of 53

Equity / Assets

9.87%

Rank 22 of 53

Non-interest income vs. expense

$0.5M$3.6MINCOMEEXPENSE
Unfavorable gap of $3.2M · efficiency ratio beats 32% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 69.74%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.85%0.73%1.11%1.30%Beats 34%35 / 53
Return on Equity8.61%7.88%12.20%14.12%Beats 30%37 / 53
Net Interest Margin3.28%3.39%3.77%4.09%Beats 21%42 / 53
Efficiency Ratio69.74%56.05%65.05%71.57%Beats 32%37 / 53
Asset Quality
Nonperforming Loans / Loans0.21%0.14%0.52%1.20%Beats 66%19 / 53
Net Charge-Offs / Loans0.00%0.00%0.01%0.08%Beats 100%13 / 53
Capital
Tier 1 Capital Ratio11.40%10.73%12.98%15.08%Beats 36%34 / 53
Total Risk-Based Capital Ratio11.40%11.49%13.79%16.34%Beats 23%41 / 53
Equity / Assets9.87%8.08%9.25%10.72%Beats 58%22 / 53
Liquidity & Funding
Loans / Deposits81.61%72.13%82.29%93.80%47th pctl28 / 53
Loans / Assets72.67%63.64%71.80%79.37%53rd pctl25 / 53
Brokered Deposits / Depositsn/aNot reported for this institution