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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

5.56%Q2 ’245.64%Q2 ’254.90%Q2 ’26+2%-10%

Non-interest income vs. expense

4.41%Q2 ’244.89%Q2 ’253.51%Q2 ’26+13%-30%

Executive Summary

  • Earnings: ROA of 0.65%, up 80 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 4.06% of loans (+406 bps YoY), with net charge-offs at 3.27%.
  • 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 (quarter, annualized)

0.65%+80 bps YoY

Net Interest Margin (quarter, annualized)

4.11%-44 bps YoY

Efficiency Ratio (quarter, annualized)

81.40%-2,238 bps YoY

Tier 1 Leverage Ratio

13.39%+12 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.15%0.95%-2.33%0.52%0.65%+80 bps
Return on Equity-1.60%9.21%-22.10%5.05%6.30%+790 bps
Net Interest Margin4.55%4.59%4.01%3.64%4.11%-44 bps
Efficiency Ratio103.77%72.78%76.72%83.01%81.40%-2,238 bps
Non-Interest Burden4.73%3.36%3.00%2.99%3.30%-142 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 / Loans-0.05%-0.04%-0.03%-0.06%3.27%+332 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