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Grand Timber Bank

McGregor, MN · Cert 18719 · Midcountry Acquisition Corp.

State charter, non-member · FDIC · 3 affiliate banks · 1 branch (26 in holding)

Q2 2026

$64.5MAssets
$55.6MLoans
$53.9MDeposits
$8.2MEquity
Loan mix
81%RE $44.5M11%C&I $5.8M8%Consumer $4.6MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $37.6M30%Noninterest $16.2MQ2 2025Q2 2026

NIM

6.53%Q2 ’246.98%Q2 ’256.79%Q2 ’26+7%-4%

Non-interest income vs. expense

3.05%Q2 ’243.53%Q2 ’253.83%Q2 ’26+22%+17%

Executive Summary

  • Earnings: ROA of 1.00%, down 81 bps year over year; NIM at 5.66%.
  • Asset quality: problem loans at 2.81% of loans (+12 bps YoY), with net charge-offs at 0.34%.
  • Capital: tier 1 leverage ratio of 10.68%, down 17 bps from a year ago.
  • Funding: loans stand at 103.20% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.00%-81 bps YoY

Net Interest Margin (quarter, annualized)

5.66%-23 bps YoY

Efficiency Ratio (quarter, annualized)

69.98%+1,057 bps YoY

Tier 1 Leverage Ratio

10.68%-17 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.81%1.72%1.28%1.52%1.00%-81 bps
Return on Equity13.47%12.97%9.68%11.50%7.69%-578 bps
Net Interest Margin5.88%6.21%5.90%5.70%5.66%-23 bps
Efficiency Ratio59.40%58.18%60.23%62.57%69.98%+1,057 bps
Non-Interest Burden3.30%3.55%3.40%3.43%3.86%+56 bps
Growth
Asset Growth (YoY)1.07%4.16%6.32%6.79%5.88%+481 bps
Loan Growth (YoY)7.06%5.67%8.08%3.71%2.00%-506 bps
Deposit Growth (YoY)6.81%7.89%6.09%6.65%7.22%+42 bps
Asset Quality
Nonperforming Loans / Loans2.69%3.03%3.04%2.34%2.81%+12 bps
Net Charge-Offs / Loans0.07%0.05%0.11%1.19%0.34%+26 bps
Allowance / Loans1.31%1.31%1.40%1.14%1.12%-19 bps
Allowance Coverage of NPLs0.5x0.4x0.5x0.5x0.4x-0.1x
Capital
Tier 1 Leverage Ratio10.85%11.07%11.12%11.35%10.68%-17 bps
Total Risk-Based Capital14.43%14.66%14.79%15.45%14.54%+11 bps
Equity / Assets13.28%13.25%13.17%13.26%12.73%-55 bps
Liquidity & Funding
Loans / Deposits108.48%104.77%107.35%102.55%103.20%-528 bps
Liquid Assets / Assets3.02%4.17%3.99%3.23%3.21%+20 bps
CRE / Total Capitaln/a198.82%204%192.66%n/an/a