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Minnwest Bank

Redwood Falls, MN · Cert 16958 · Minnwest Corp.

State charter, non-member · FDIC · 36 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

53

Q2 2024Q2 2026peer median (50)

Asset Quality

40

Q2 2024Q2 2026peer median (50)

Profitability

54

Q2 2024Q2 2026peer median (50)

Liquidity

85

Q2 2024Q2 2026peer median

Efficiency

51

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

Minnwest Bank

Redwood Falls, MN · Cert 16958 · Minnwest Corp.

State charter, non-member · FDIC · 36 branches

Q2 2026

$2.9BAssets
$2.4BLoans
$2.6BDeposits
$338.2MEquity
Loan mix
87%RE $1.6B12%C&I $0.2B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
78%Interest-bearing $2.0B22%Noninterest $0.6BQ2 2025Q2 2026

NIM

4.81%Q2 ’245.31%Q2 ’255.60%Q2 ’26+26%+20%

Non-interest income vs. expense

2.26%Q2 ’242.51%Q2 ’252.73%Q2 ’26+9%+11%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.2% share · #29 of 125 inst. · $0.6B of $253.2B

0.3% Hennepin
31.0% Lyon
36.6% Redwood
35.4% Rock

Executive Summary

  • Earnings: ROA of 1.14%, up 32 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.56% of loans (-45 bps YoY), with net charge-offs at 0.19%.
  • Capital: tier 1 leverage ratio of 10.80%, up 114 bps from a year ago.
  • Funding: loans stand at 91.58% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.14%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+67 bps YoY

Efficiency Ratio (YTD, annualized)

59.02%-409 bps YoY

Tier 1 Leverage Ratio

10.80%+114 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.83%0.93%0.92%1.25%1.14%+32 bps
Return on Equity8.40%9.20%9.00%11.39%10.26%+187 bps
Net Interest Margin3.41%3.50%3.62%3.93%4.08%+67 bps
Efficiency Ratio63.11%61.48%62.00%57.95%59.02%-409 bps
Non-Interest Burden1.94%1.94%2.04%2.02%2.16%+22 bps
Growth
Asset Growth (YoY)-7.04%-7.01%-4.71%-4.09%0.59%+763 bps
Loan Growth (YoY)-5.19%-7.44%-6.16%0.82%6.40%+1,159 bps
Deposit Growth (YoY)-0.89%-5.99%-6.41%-5.65%-0.41%+47 bps
Asset Quality
Nonperforming Loans / Loans1.00%1.23%0.62%0.46%0.56%-45 bps
Net Charge-Offs / Loans0.15%0.12%0.32%0.22%0.19%+5 bps
Allowance / Loans1.50%1.60%1.43%1.36%1.40%-10 bps
Allowance Coverage of NPLs1.5x1.3x2.3x3.0x2.5x+1.0x
Capital
Tier 1 Leverage Ratio9.66%9.85%10.14%10.41%10.80%+114 bps
Total Risk-Based Capital13.03%13.76%13.55%13.34%13.33%+30 bps
Equity / Assets10.48%10.80%10.82%11.14%11.50%+102 bps
Liquidity & Funding
Loans / Deposits85.71%82.24%82.50%87.66%91.58%+586 bps
Liquid Assets / Assets4.93%9.31%10.25%6.19%3.49%-144 bps
CRE / Total Capitaln/a350%336%359%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

Minnwest Bank

Redwood Falls, MN · Cert 16958 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Minnwest Corp.

State charter, non-member · FDIC · 36 branches

Q2 2026

$2.9BAssets
$2.4BLoans
$2.6BDeposits
$338.2MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 85% of banks $1B-$10B in assets operating regionally (rank 27 of 176).
  • Widest gap: net charge-offs / loans trails 77% of banks $1B-$10B in assets operating regionally (rank 136 of 176).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.16%

Rank 101 of 176

Net Interest Margin

4.08%

Rank 27 of 176

Efficiency Ratio

59.28%

Rank 88 of 176

Equity / Assets

11.50%

Rank 50 of 176

Non-interest income vs. expense

$16.8M$79.8MINCOMEEXPENSE
Unfavorable gap of $63.1M · efficiency ratio beats 51% of banks $1B-$10B in assets operating regionally
Bank 59.28%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.16%0.93%1.26%1.54%Beats 43%101 / 176
Return on Equity10.06%9.26%11.89%14.46%Beats 35%114 / 176
Net Interest Margin4.08%3.25%3.59%3.93%Beats 85%27 / 176
Efficiency Ratio59.28%52.79%59.55%67.66%Beats 51%88 / 176
Asset Quality
Nonperforming Loans / Loans0.56%0.30%0.64%1.32%Beats 57%77 / 176
Net Charge-Offs / Loans0.10%0.01%0.04%0.10%Beats 23%136 / 176
Capital
Tier 1 Capital Ratio12.08%11.15%12.72%14.15%Beats 43%101 / 176
Total Risk-Based Capital Ratio13.33%11.81%13.63%15.33%Beats 45%96 / 176
Equity / Assets11.50%9.16%10.35%11.80%Beats 72%50 / 176
Liquidity & Funding
Loans / Deposits91.58%80.94%89.73%97.21%58th pctl74 / 176
Loans / Assets80.03%69.25%75.12%80.82%69th pctl54 / 176
Brokered Deposits / Depositsn/aNot reported for this institution