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Letter portraitLegal landscapeQuarterYTD

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 $4.7MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $55.5M25%Noninterest $18.4MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.03%1.03%0.99%1.17%1.24%1.25%0.98%1.25%+8 bps
Return on Equity13.95%13.92%13.73%15.89%16.17%15.77%11.16%14.04%-185 bps
Net Interest Margin3.35%3.17%3.09%3.24%3.37%3.54%3.43%3.45%+21 bps
Efficiency Ratio66.59%67.49%66.13%61.79%59.68%59.74%66.42%61.67%-12 bps
Non-Interest Burden2.02%1.92%1.82%1.78%1.77%1.86%2.04%1.91%+13 bps
Growth
Asset Growth (YoY)5.53%5.37%10.57%15.47%8.25%2.70%-0.39%-3.44%-1,890 bps
Loan Growth (YoY)3.46%1.80%2.64%4.44%9.71%9.24%2.09%-1.11%-555 bps
Deposit Growth (YoY)2.94%5.35%10.40%15.04%7.85%0.77%-1.96%-5.13%-2,017 bps
Asset Quality
Nonperforming Loans / Loans0.61%0.00%0.13%0.00%0.06%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.17%1.19%1.18%1.12%1.11%1.18%1.26%1.23%+11 bps
Allowance Coverage of NPLs1.9xn/a9.2xn/a19.9xn/an/an/an/a
Capital
Tier 1 Leverage Ratio10.78%10.14%9.88%9.88%10.33%10.74%10.69%10.83%+95 bps
Total Risk-Based Capital10.78%10.14%9.88%9.88%10.33%10.74%10.69%10.83%+95 bps
Equity / Assets8.22%7.26%7.17%7.60%8.56%8.99%8.55%9.11%+150 bps
Liquidity & Funding
Loans / Deposits59.24%55.31%53.78%54.84%60.27%59.96%56.00%57.16%+232 bps
Liquid Assets / Assets14.80%18.06%20.52%20.05%15.52%12.34%20.92%19.54%-51 bps
CRE / Total Capitaln/an/an/an/a41.39%39.90%41.41%n/an/a