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First Minnetonka City State Bank

Minnetonka, MN · Cert 19188

FDIC · 2 branches

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, 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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=58). 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

32

Q2 2024Q3 2024peer median (50)

Asset Quality

41

Q2 2024Q3 2024peer median (50)

Profitability

11

Q2 2024Q3 2024peer median (50)

Liquidity

23

Q2 2024Q3 2024peer median

Efficiency

12

Q2 2024Q3 2024peer 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

First Minnetonka City State Bank

Minnetonka, MN · Cert 19188

FDIC · 2 branches

Q3 2024

$241.1MAssets
$129.3MLoans
$215.5MDeposits
$21.1MEquity
Loan mix
84%RE $68.5M14%C&I $11.5M2%Consumer $1.7MQ3 2023Q3 2024
Deposit mix
77%Interest-bearing $166.1M23%Noninterest $49.4MQ3 2023Q3 2024

NIM

2.55%Q3 ’223.20%Q3 ’233.83%Q3 ’24-5%+9%

Non-interest income vs. expense

1.94%Q3 ’222.10%Q3 ’232.60%Q3 ’24+18%+25%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2024 SOD (annual) · 0.1% share · #62 of 132 inst. · $0.2B of $248.4B

Executive Summary

  • Earnings: ROA of 0.40%, down 9 bps year over year; NIM at 2.51%.
  • Asset quality: problem loans at 0.08% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 11.18%, up 99 bps from a year ago.
  • Funding: loans stand at 60.01% of deposits as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.40%-9 bps YoY

Net Interest Margin (YTD, annualized)

2.51%+20 bps YoY

Efficiency Ratio (YTD, annualized)

83.66%+903 bps YoY

Tier 1 Leverage Ratio

11.18%+99 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.50%0.63%0.38%0.45%0.40%-9 bps
Return on Equity8.70%10.33%5.19%6.13%5.24%-345 bps
Net Interest Margin2.31%2.40%2.53%2.51%2.51%+20 bps
Efficiency Ratio74.63%70.92%85.29%82.24%83.66%+903 bps
Non-Interest Burden1.60%1.56%2.06%1.95%2.00%+41 bps
Growth
Asset Growth (YoY)-4.89%-5.93%-5.71%-5.10%-5.50%-61 bps
Loan Growth (YoY)4.73%3.01%3.12%3.32%1.86%-287 bps
Deposit Growth (YoY)-7.40%-5.51%-9.10%-9.16%-8.55%-115 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.21%0.21%0.15%0.08%0 bps
Net Charge-Offs / Loans0.01%0.01%0.13%0.07%0.10%+9 bps
Allowance / Loans1.28%1.29%1.24%1.23%1.18%-10 bps
Allowance Coverage of NPLs16.9x6.1x5.9x8.4x15.0x-2.0x
Capital
Tier 1 Leverage Ratio10.19%10.44%10.73%10.86%11.18%+99 bps
Total Risk-Based Capital10.19%10.44%10.73%10.86%11.18%+99 bps
Equity / Assets5.48%7.36%7.31%7.44%8.77%+330 bps
Liquidity & Funding
Loans / Deposits53.88%55.05%58.18%60.70%60.01%+613 bps
Liquid Assets / Assets4.30%3.23%2.62%2.68%2.03%-227 bps
CRE / Total Capitaln/an/an/an/an/an/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

First Minnetonka City State Bank

Minnetonka, MN · Cert 19188 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=58)

FDIC · 2 branches

Q3 2024

$241.1MAssets
$129.3MLoans
$215.5MDeposits
$21.1MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 66% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 21 of 58).
  • Widest gap: return on assets trails 90% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 52 of 58).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.41%

Rank 52 of 58

Net Interest Margin

2.51%

Rank 51 of 58

Efficiency Ratio

83.66%

Rank 52 of 58

Equity / Assets

8.77%

Rank 29 of 58

Non-interest income vs. expense

$1.5M$6.4MINCOMEEXPENSE
Unfavorable gap of $5.0M · efficiency ratio beats 12% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 83.66%Peer median 70.8%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.41%0.52%0.70%1.05%Beats 10%52 / 58
Return on Equity4.70%6.51%9.02%11.93%Beats 12%51 / 58
Net Interest Margin2.51%2.73%3.02%3.44%Beats 12%51 / 58
Efficiency Ratio83.66%63.60%70.80%79.09%Beats 12%52 / 58
Asset Quality
Nonperforming Loans / Loans0.08%0.05%0.45%1.38%Beats 66%21 / 58
Net Charge-Offs / Loans0.12%n/a0.01%0.03%Beats 16%50 / 58
Capital
Tier 1 Capital Ratio11.18%10.88%13.57%15.43%Beats 28%42 / 58
Total Risk-Based Capital Ratio11.18%11.79%14.77%16.22%Beats 17%48 / 58
Equity / Assets8.77%7.59%8.77%10.37%Beats 50%29 / 58
Liquidity & Funding
Loans / Deposits60.01%65.69%81.95%90.18%19th pctl47 / 58
Loans / Assets53.64%58.32%68.99%77.59%19th pctl47 / 58
Brokered Deposits / Depositsn/aNot reported for this institution