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State Bank of Taunton

Taunton, MN · Cert 16906 · Taunton 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 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

70

Q2 2024Q2 2026peer median (50)

Asset Quality

6

Q2 2024Q2 2026peer median (50)

Profitability

23

Q2 2024Q2 2026peer median (50)

Liquidity

80

Q2 2024Q2 2026peer median

Efficiency

8

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

State Bank of Taunton

Taunton, MN · Cert 16906 · Taunton Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$46.6MAssets
$26.5MLoans
$37.1MDeposits
$4.9MEquity
Loan mix
94%RE $20.8M5%C&I $1.2M1%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $27.7M25%Noninterest $9.5MQ2 2025Q2 2026

NIM

5.53%Q2 ’245.64%Q2 ’254.74%Q2 ’26+3%-14%

Non-interest income vs. expense

4.50%Q2 ’244.41%Q2 ’253.35%Q2 ’26-2%-25%

Executive Summary

  • Earnings: ROA of 0.58%, up 36 bps year over year; NIM at 3.87%.
  • Asset quality: problem loans at 4.06% of loans (+406 bps YoY), with net charge-offs at 1.61%.
  • Capital: tier 1 leverage ratio of 13.39%, up 12 bps from a year ago.
  • Funding: loans stand at 71.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.58%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.87%-62 bps YoY

Efficiency Ratio (YTD, annualized)

82.15%-1,182 bps YoY

Tier 1 Leverage Ratio

13.39%+12 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.22%0.46%-0.13%0.52%0.58%+36 bps
Return on Equity2.35%4.71%-1.29%5.05%5.64%+329 bps
Net Interest Margin4.49%4.62%4.46%3.64%3.87%-62 bps
Efficiency Ratio93.97%87.24%84.76%83.01%82.15%-1,182 bps
Non-Interest Burden4.21%4.02%3.75%2.99%3.14%-107 bps
Growth
Asset Growth (YoY)0.28%-5.28%-1.74%-5.83%-4.20%-448 bps
Loan Growth (YoY)1.44%-10.26%-25.84%-25.94%-20.60%-2,204 bps
Deposit Growth (YoY)-0.57%-6.76%-2.97%-7.08%-5.15%-459 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.78%0.88%2.75%4.06%+406 bps
Net Charge-Offs / Loans1.31%1.00%0.85%-0.06%1.61%+29 bps
Allowance / Loans0.62%0.73%2.42%2.34%1.51%+89 bps
Allowance Coverage of NPLsn/a0.9x2.7x0.9x0.4xn/a
Capital
Tier 1 Leverage Ratio13.27%14.02%13.39%13.44%13.39%+12 bps
Total Risk-Based Capital15.59%17.85%19.82%20.21%20.44%+484 bps
Equity / Assets9.87%10.87%10.24%10.14%10.51%+64 bps
Liquidity & Funding
Loans / Deposits85.32%77.54%65.61%69.86%71.43%-1,389 bps
Liquid Assets / Assets0.87%1.14%0.82%1.42%1.58%+71 bps
CRE / Total Capitaln/a140.82%129.75%145.81%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

State Bank of Taunton

Taunton, MN · Cert 16906 · Peer group: banks under $1B in assets in MN (n=111-113) · Taunton Bancshares Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$46.6MAssets
$26.5MLoans
$37.1MDeposits
$4.9MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 79% of banks under $1B in assets in MN (rank 24 of 113).
  • Widest gap: net charge-offs / loans trails 96% of banks under $1B in assets in MN (rank 108 of 111).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.59%

Rank 103 of 113

Net Interest Margin

3.87%

Rank 58 of 113

Efficiency Ratio

82.15%

Rank 105 of 113

Equity / Assets

10.51%

Rank 53 of 113

Non-interest income vs. expense

$0.1M$1.6MINCOMEEXPENSE
Unfavorable gap of $1.5M · efficiency ratio beats 8% of banks under $1B in assets in MN
Bank 82.15%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.59%0.87%1.20%1.41%Beats 9%103 / 113
Return on Equity5.61%8.92%11.27%13.99%Beats 12%99 / 113
Net Interest Margin3.87%3.42%3.88%4.31%Beats 49%58 / 113
Efficiency Ratio82.15%54.13%61.48%69.86%Beats 8%105 / 113
Asset Quality
Nonperforming Loans / Loans4.06%0.09%0.58%1.82%Beats 7%104 / 111
Net Charge-Offs / Loans0.83%n/a0.00%0.04%Beats 4%108 / 111
Capital
Tier 1 Capital Ratio19.24%11.53%13.31%18.13%Beats 79%24 / 113
Total Risk-Based Capital Ratio20.44%12.12%14.43%19.39%Beats 78%25 / 113
Equity / Assets10.51%8.52%10.10%11.94%Beats 53%53 / 113
Liquidity & Funding
Loans / Deposits71.43%62.08%77.32%88.06%38th pctl69 / 111
Loans / Assets56.89%55.01%66.35%75.50%29th pctl80 / 113
Brokered Deposits / Depositsn/aNot reported for this institution