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Lake Country Community Bank

Morristown, MN · Cert 17122 · Morristown Holding Co.

State charter, non-member · FDIC · 2 branches

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

100

Q2 2024Q2 2026peer median (50)

Profitability

31

Q2 2024Q2 2026peer median (50)

Liquidity

46

Q2 2024Q2 2026peer median

Efficiency

6

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

Lake Country Community Bank

Morristown, MN · Cert 17122 · Morristown Holding Co.

State charter, non-member · FDIC · 2 branches

Q2 2026

$31.5MAssets
$17.3MLoans
$28.2MDeposits
$3.1MEquity
Loan mix
74%RE $11.7M24%C&I $3.9M1%Consumer $0.2MQ3 2024Q2 2026
Deposit mix
62%Interest-bearing $17.4M38%Noninterest $10.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.22%, up 21 bps year over year; NIM at 4.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.92%, up 40 bps from a year ago.
  • Funding: loans stand at 61.50% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.22%+21 bps YoY

Net Interest Margin (YTD, annualized)

4.39%+88 bps YoY

Efficiency Ratio (YTD, annualized)

85.96%-454 bps YoY

Tier 1 Leverage Ratio

11.92%+40 bps YoY

NIM

4.08%Q2 ’244.64%Q2 ’255.11%Q2 ’26+6%+25%

Non-interest income vs. expense

3.34%Q2 ’243.28%Q2 ’253.86%Q2 ’26-3%+19%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.07%0.13%0.05%0.01%0.06%-0.06%0.01%0.22%+21 bps
Return on Equity0.72%1.41%0.56%0.07%0.72%-0.67%0.13%2.23%+216 bps
Net Interest Margin3.01%2.94%3.36%3.50%3.46%3.55%4.16%4.39%+88 bps
Efficiency Ratio95.21%94.20%79.51%90.49%91.92%93.11%91.42%85.96%-454 bps
Non-Interest Burden2.85%2.75%2.64%3.15%3.16%3.29%3.78%3.74%+60 bps
Growth
Asset Growth (YoY)8.50%10.18%15.33%15.99%6.26%-4.72%-7.81%-4.44%-2,043 bps
Loan Growth (YoY)6.14%7.33%26.04%41.10%30.24%24.88%14.04%17.16%-2,394 bps
Deposit Growth (YoY)6.10%10.47%15.40%16.45%6.57%-6.24%-8.82%-5.40%-2,185 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.14%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.02%0.00%0.00%0.00%0.36%0.00%-0.01%-1 bps
Allowance / Loans1.33%1.21%1.28%1.28%1.36%1.27%1.29%1.34%+7 bps
Allowance Coverage of NPLsn/an/a9.1xn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.80%11.30%11.26%11.52%11.15%11.45%11.80%11.92%+40 bps
Total Risk-Based Capital26.32%23.93%21.39%21.42%23.99%23.65%22.34%21.59%+17 bps
Equity / Assets9.51%8.05%8.74%8.89%9.28%9.65%10.07%9.96%+107 bps
Liquidity & Funding
Loans / Deposits37.43%35.76%46.56%49.66%45.74%47.63%58.23%61.50%+1,185 bps
Liquid Assets / Assets5.63%24.95%15.74%16.06%19.58%25.37%14.50%14.20%-186 bps
CRE / Total Capitaln/an/an/an/a148.90%142.88%166.12%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

Lake Country Community Bank

Morristown, MN · Cert 17122 · Peer group: banks under $1B in assets in MN (n=111-113) · Morristown Holding Co.

State charter, non-member · FDIC · 2 branches

Q2 2026

$31.5MAssets
$17.3MLoans
$28.2MDeposits
$3.1MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 12 of 111).
  • Widest gap: efficiency ratio trails 94% of banks under $1B in assets in MN (rank 107 of 113).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.22%

Rank 106 of 113

Net Interest Margin

4.39%

Rank 21 of 113

Efficiency Ratio

85.96%

Rank 107 of 113

Equity / Assets

9.96%

Rank 59 of 113

Non-interest income vs. expense

$0.0M$1.2MINCOMEEXPENSE
Unfavorable gap of $1.2M · efficiency ratio beats 6% of banks under $1B in assets in MN
Bank 85.96%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.22%0.87%1.20%1.41%Beats 6%106 / 113
Return on Equity2.23%8.92%11.27%13.99%Beats 6%106 / 113
Net Interest Margin4.39%3.42%3.88%4.31%Beats 81%21 / 113
Efficiency Ratio85.96%54.13%61.48%69.86%Beats 6%107 / 113
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 100%12 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio20.34%11.53%13.31%18.13%Beats 81%22 / 113
Total Risk-Based Capital Ratio21.59%12.12%14.43%19.39%Beats 81%22 / 113
Equity / Assets9.96%8.52%10.10%11.94%Beats 48%59 / 113
Liquidity & Funding
Loans / Deposits61.50%62.08%77.32%88.06%23rd pctl86 / 111
Loans / Assets55.01%55.01%66.35%75.50%25th pctl85 / 113
Brokered Deposits / Depositsn/aNot reported for this institution