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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 $0.2MQ3 2024Q2 2026
Deposit mix
62%Interest-bearing $17.4M38%Noninterest $10.8MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.43%, up 47 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • 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 (quarter, annualized)

0.43%+47 bps YoY

Net Interest Margin (quarter, annualized)

4.61%+104 bps YoY

Efficiency Ratio (quarter, annualized)

81.02%-1,998 bps YoY

Tier 1 Leverage Ratio

11.92%+40 bps YoY

NIM

4.04%Q2 ’244.70%Q2 ’255.34%Q2 ’26+10%+29%

Non-interest income vs. expense

3.20%Q2 ’243.74%Q2 ’253.83%Q2 ’26+13%+3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.34%0.29%0.05%-0.04%0.18%-0.43%0.01%0.43%+47 bps
Return on Equity3.62%3.31%0.56%-0.41%1.97%-4.57%0.13%4.34%+475 bps
Net Interest Margin3.17%3.15%3.36%3.57%3.63%3.47%4.16%4.61%+104 bps
Efficiency Ratio89.49%91.45%79.51%101.00%94.59%96.86%91.42%81.02%-1,998 bps
Non-Interest Burden2.82%2.86%2.64%3.59%3.42%3.35%3.78%3.70%+11 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%-0.07%0.00%0.00%0.00%1.46%0.00%-0.02%-2 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