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Farmers State Bank of Trimont

Trimont, MN · Cert 1929 · FSB Holding Co. Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$73.1MAssets
$43.1MLoans
$60.7MDeposits
$11.1MEquity
Loan mix
66%RE $19.9M28%C&I $8.3M6%Consumer $1.9MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $45.1M26%Noninterest $15.6MQ2 2025Q2 2026

NIM

5.08%Q2 ’245.04%Q2 ’255.01%Q2 ’26+7%+10%

Non-interest income vs. expense

2.06%Q2 ’242.09%Q2 ’252.08%Q2 ’26+1%-4%

Executive Summary

  • Earnings: ROA of -0.35%, down 137 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 1.05% of loans (-130 bps YoY), with net charge-offs at 3.88%.
  • Capital: tier 1 leverage ratio of 17.43%, up 16 bps from a year ago.
  • Funding: loans stand at 71.00% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-0.35%-137 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+30 bps YoY

Efficiency Ratio (YTD, annualized)

53.38%-564 bps YoY

Tier 1 Leverage Ratio

17.43%+16 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.02%1.09%1.01%-1.83%-0.35%-137 bps
Return on Equity7.54%7.76%7.14%-12.49%-2.33%-988 bps
Net Interest Margin3.14%3.02%3.04%3.40%3.44%+30 bps
Efficiency Ratio59.02%56.77%60.60%47.13%53.38%-564 bps
Non-Interest Burden1.69%1.55%1.70%1.34%1.62%-7 bps
Growth
Asset Growth (YoY)-5.02%-3.87%-4.04%-2.41%-1.84%+318 bps
Loan Growth (YoY)-3.09%0.94%-2.29%1.27%-4.88%-179 bps
Deposit Growth (YoY)-3.42%-0.60%-0.02%3.50%-0.20%+321 bps
Asset Quality
Nonperforming Loans / Loans2.35%3.10%2.27%1.75%1.05%-130 bps
Net Charge-Offs / Loans0.02%0.13%0.07%7.83%3.88%+386 bps
Allowance / Loans1.23%1.16%1.08%1.31%1.39%+15 bps
Allowance Coverage of NPLs0.5x0.4x0.5x0.8x1.3x+0.8x
Capital
Tier 1 Leverage Ratio17.28%17.47%16.89%16.35%17.43%+16 bps
Total Risk-Based Capital25.97%26.45%24.27%25.23%25.31%-66 bps
Equity / Assets14.46%15.36%14.50%14.85%15.25%+78 bps
Liquidity & Funding
Loans / Deposits74.50%75.21%78.78%72.58%71.00%-349 bps
Liquid Assets / Assets0.48%0.43%0.20%0.09%0.14%-34 bps
CRE / Total Capitaln/a36.96%39.68%41.87%n/an/a