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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 $0.2MQ2 2025Q2 2026
Deposit mix
62%Interest-bearing $17.4M38%Noninterest $10.8MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.01%0.06%-0.06%0.01%0.22%+21 bps
Return on Equity0.07%0.72%-0.67%0.13%2.23%+216 bps
Net Interest Margin3.50%3.46%3.55%4.16%4.39%+88 bps
Efficiency Ratio90.49%91.92%93.11%91.42%85.96%-454 bps
Non-Interest Burden3.15%3.16%3.29%3.78%3.74%+60 bps
Growth
Asset Growth (YoY)15.99%6.26%-4.72%-7.81%-4.44%-2,043 bps
Loan Growth (YoY)41.10%30.24%24.88%14.04%17.16%-2,394 bps
Deposit Growth (YoY)16.45%6.57%-6.24%-8.82%-5.40%-2,185 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.36%0.00%-0.01%-1 bps
Allowance / Loans1.28%1.36%1.27%1.29%1.34%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.52%11.15%11.45%11.80%11.92%+40 bps
Total Risk-Based Capital21.42%23.99%23.65%22.34%21.59%+17 bps
Equity / Assets8.89%9.28%9.65%10.07%9.96%+107 bps
Liquidity & Funding
Loans / Deposits49.66%45.74%47.63%58.23%61.50%+1,185 bps
Liquid Assets / Assets16.06%19.58%25.37%14.50%14.20%-186 bps
CRE / Total Capitaln/a148.90%142.88%166.12%n/an/a