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Triumph State Bank

Trimont, MN · Cert 1906 · Trimont Bcorp

State charter, non-member · FDIC · 4 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

75

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

77

Q2 2024Q2 2026peer median (50)

Liquidity

89

Q2 2024Q2 2026peer median

Efficiency

80

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

Triumph State Bank

Trimont, MN · Cert 1906 · Trimont Bcorp

State charter, non-member · FDIC · 4 branches

Q2 2026

$93.3MAssets
$63.9MLoans
$80.0MDeposits
$12.1MEquity
Loan mix
65%RE $27.1M28%C&I $11.9M7%Consumer $3.0MQ3 2024Q2 2026
Deposit mix
57%Interest-bearing $45.8M43%Noninterest $34.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.56%, down 3 bps year over year; NIM at 4.85%.
  • Asset quality: problem loans at 5.00% of loans (+433 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 12.87%, up 36 bps from a year ago.
  • Funding: loans stand at 79.79% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.56%-3 bps YoY

Net Interest Margin (YTD, annualized)

4.85%-20 bps YoY

Efficiency Ratio (YTD, annualized)

52.53%-21 bps YoY

Tier 1 Leverage Ratio

12.87%+36 bps YoY

NIM

6.15%Q2 ’246.13%Q2 ’255.83%Q2 ’26-1%-4%

Non-interest income vs. expense

2.75%Q2 ’242.84%Q2 ’252.70%Q2 ’26+3%-4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.54%1.60%1.59%1.59%0.77%1.06%1.69%1.56%-3 bps
Return on Equity13.74%14.05%13.22%12.95%6.15%8.51%13.42%12.27%-67 bps
Net Interest Margin5.17%5.13%4.97%5.05%4.85%4.85%4.92%4.85%-20 bps
Efficiency Ratio53.88%52.57%52.79%52.75%58.51%56.26%52.33%52.53%-21 bps
Non-Interest Burden2.70%2.61%2.53%2.57%2.75%2.64%2.51%2.47%-10 bps
Growth
Asset Growth (YoY)-2.77%-2.23%-1.32%0.00%-1.45%1.40%1.65%4.87%+487 bps
Loan Growth (YoY)6.29%10.13%3.75%-0.13%-1.89%1.27%8.24%7.73%+786 bps
Deposit Growth (YoY)-4.68%-4.03%-2.97%-1.73%-2.54%0.61%0.87%4.51%+625 bps
Asset Quality
Nonperforming Loans / Loans0.54%0.54%1.00%0.68%7.84%4.63%3.18%5.00%+433 bps
Net Charge-Offs / Loans-0.03%-0.02%-0.01%0.02%0.83%0.54%-0.01%0.16%+15 bps
Allowance / Loans1.36%1.26%1.36%1.38%1.45%1.30%1.31%1.29%-9 bps
Allowance Coverage of NPLs2.5x2.4x1.4x2.0x0.2x0.3x0.4x0.3x-1.8x
Capital
Tier 1 Leverage Ratio12.06%12.39%11.84%12.51%12.61%12.92%12.31%12.87%+36 bps
Total Risk-Based Capital17.84%17.27%17.83%18.63%18.33%17.62%17.55%17.70%-93 bps
Equity / Assets12.15%12.18%11.86%12.88%12.97%12.71%12.41%12.97%+9 bps
Liquidity & Funding
Loans / Deposits75.37%80.13%73.33%77.41%75.87%80.66%78.69%79.79%+238 bps
Liquid Assets / Assets14.48%12.68%11.29%11.02%11.01%10.37%9.30%8.67%-235 bps
CRE / Total Capitaln/an/an/an/a88.03%87.58%89.26%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

Triumph State Bank

Trimont, MN · Cert 1906 · Peer group: banks under $1B in assets in MN (n=111-113) · Trimont Bcorp

State charter, non-member · FDIC · 4 branches

Q2 2026

$93.3MAssets
$63.9MLoans
$80.0MDeposits
$12.1MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 93% of banks under $1B in assets in MN (rank 8 of 113).
  • Widest gap: nonperforming loans / loans trails 96% of banks under $1B in assets in MN (rank 108 of 111).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.56%

Rank 21 of 113

Net Interest Margin

4.85%

Rank 8 of 113

Efficiency Ratio

53.20%

Rank 24 of 113

Equity / Assets

12.97%

Rank 20 of 113

Non-interest income vs. expense

$0.2M$2.5MINCOMEEXPENSE
Unfavorable gap of $2.3M · efficiency ratio beats 80% of banks under $1B in assets in MN
Bank 53.20%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.56%0.87%1.20%1.41%Beats 81%21 / 113
Return on Equity12.04%8.92%11.27%13.99%Beats 57%49 / 113
Net Interest Margin4.85%3.42%3.88%4.31%Beats 93%8 / 113
Efficiency Ratio53.20%54.13%61.48%69.86%Beats 80%24 / 113
Asset Quality
Nonperforming Loans / Loans5.00%0.09%0.58%1.82%Beats 4%108 / 111
Net Charge-Offs / Loans0.09%n/a0.00%0.04%Beats 19%91 / 111
Capital
Tier 1 Capital Ratio16.57%11.53%13.31%18.13%Beats 72%32 / 113
Total Risk-Based Capital Ratio17.70%12.12%14.43%19.39%Beats 71%33 / 113
Equity / Assets12.97%8.52%10.10%11.94%Beats 82%20 / 113
Liquidity & Funding
Loans / Deposits79.79%62.08%77.32%88.06%54th pctl51 / 111
Loans / Assets68.45%55.01%66.35%75.50%53rd pctl53 / 113
Brokered Deposits / Depositsn/aNot reported for this institution