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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