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American State Bank of Grygla

Grygla, MN · Cert 22263 · Grygla Financial Corp.

State charter, Fed member · FED · 2 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=112 to 114). 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

52

Q2 2024Q2 2026peer median (50)

Liquidity

31

Q2 2024Q2 2026peer median

Efficiency

49

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 2026-10-10

American State Bank of Grygla

Grygla, MN · Cert 22263 · Grygla Financial Corp.

State charter, Fed member · FED · 2 branches

Q2 2026

$81.8MAssets
$42.3MLoans
$73.9MDeposits
$7.4MEquity
Loan mix
62%RE $21.0M25%C&I $8.4M14%Consumer $4.7MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $55.5M25%Noninterest $18.4MQ2 2025Q2 2026

NIM

4.70%Q2 ’244.66%Q2 ’254.81%Q2 ’26-2%+6%

Non-interest income vs. expense

2.77%Q2 ’242.37%Q2 ’252.48%Q2 ’26-18%+7%

Market Position · Grand Forks, ND-MN · 2026 SOD (annual) · 0.9% share · #18 of 21 inst. · $0.0B of $3.9B

9.3% Marshall
3.5% Polk

Executive Summary

  • Earnings: ROA of 1.25%, up 8 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.83%, up 95 bps from a year ago.
  • Funding: loans stand at 57.16% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.25%+8 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+21 bps YoY

Efficiency Ratio (YTD, annualized)

61.67%-12 bps YoY

Tier 1 Leverage Ratio

10.83%+95 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.17%1.24%1.25%0.98%1.25%+8 bps
Return on Equity15.89%16.17%15.77%11.16%14.04%-185 bps
Net Interest Margin3.24%3.37%3.54%3.43%3.45%+21 bps
Efficiency Ratio61.79%59.68%59.74%66.42%61.67%-12 bps
Non-Interest Burden1.78%1.77%1.86%2.04%1.91%+13 bps
Growth
Asset Growth (YoY)15.47%8.25%2.70%-0.39%-3.44%-1,890 bps
Loan Growth (YoY)4.44%9.71%9.24%2.09%-1.11%-555 bps
Deposit Growth (YoY)15.04%7.85%0.77%-1.96%-5.13%-2,017 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.06%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.12%1.11%1.18%1.26%1.23%+11 bps
Allowance Coverage of NPLsn/a19.9xn/an/an/an/a
Capital
Tier 1 Leverage Ratio9.88%10.33%10.74%10.69%10.83%+95 bps
Total Risk-Based Capital9.88%10.33%10.74%10.69%10.83%+95 bps
Equity / Assets7.60%8.56%8.99%8.55%9.11%+150 bps
Liquidity & Funding
Loans / Deposits54.84%60.27%59.96%56.00%57.16%+232 bps
Liquid Assets / Assets20.05%15.52%12.34%20.92%19.54%-51 bps
CRE / Total Capitaln/a41.39%39.90%41.41%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 2026-10-10

American State Bank of Grygla

Grygla, MN · Cert 22263 · Peer group: banks under $1B in assets in MN (n=112-114) · Grygla Financial Corp.

State charter, Fed member · FED · 2 branches

Q2 2026

$81.8MAssets
$42.3MLoans
$73.9MDeposits
$7.4MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 12 of 112).
  • Widest gap: total risk-based capital ratio trails 86% of banks under $1B in assets in MN (rank 98 of 114).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.24%

Rank 50 of 114

Net Interest Margin

3.45%

Rank 83 of 114

Efficiency Ratio

61.67%

Rank 59 of 114

Equity / Assets

9.11%

Rank 80 of 114

Non-interest income vs. expense

$0.5M$2.0MINCOMEEXPENSE
Unfavorable gap of $1.6M · efficiency ratio beats 49% of banks under $1B in assets in MN
Bank 61.67%Peer median 61.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.24%0.87%1.20%1.41%Beats 56%50 / 114
Return on Equity13.60%8.92%11.27%13.99%Beats 72%32 / 114
Net Interest Margin3.45%3.39%3.88%4.31%Beats 27%83 / 114
Efficiency Ratio61.67%54.13%61.64%69.86%Beats 49%59 / 114
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.58%1.82%Beats 100%12 / 112
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 112
Capital
Tier 1 Capital Ratio10.83%11.46%13.31%18.13%Beats 17%95 / 114
Total Risk-Based Capital Ratio10.83%12.01%14.43%19.39%Beats 14%98 / 114
Equity / Assets9.11%8.52%10.22%11.94%Beats 30%80 / 114
Liquidity & Funding
Loans / Deposits57.16%62.85%77.32%88.06%16th pctl94 / 112
Loans / Assets51.68%55.01%66.35%75.50%20th pctl91 / 114
Brokered Deposits / Depositsn/aNot reported for this institution