PackageTrendsPeer
Letter portraitLegal landscape

Frost State Bank

Frost, MN · Cert 26519

FDIC · 1 branch

Q3 2025

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: Q3 2025, the quarter ended September 30, 2025, 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=117 to 119). 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

81

Q2 2024Q3 2025peer median (50)

Asset Quality

27

Q2 2024Q3 2025peer median (50)

Profitability

68

Q2 2024Q3 2025peer median (50)

Liquidity

0

Q2 2024Q3 2025peer median

Efficiency

99

Q2 2024Q3 2025peer 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

Frost State Bank

Frost, MN · Cert 26519

FDIC · 1 branch

Q3 2025

$53.8MAssets
$46.6MLoans
$44.0MDeposits
$9.1MEquity
Loan mix
64%RE $15.1M30%C&I $7.2M5%Consumer $1.3MQ3 2024Q3 2025
Deposit mix
88%Interest-bearing $38.7M12%Noninterest $5.3MQ3 2024Q3 2025

NIM

6.14%Q3 ’237.35%Q3 ’247.02%Q3 ’25+9%-8%

Non-interest income vs. expense

1.48%Q3 ’231.54%Q3 ’241.57%Q3 ’25+3%+8%

Executive Summary

  • Earnings: ROA of 1.44%, down 93 bps year over year; NIM at 4.25%.
  • Asset quality: problem loans at 0.44% of loans (+14 bps YoY), with net charge-offs at 1.72%.
  • Capital: tier 1 leverage ratio of 17.14%, down 79 bps from a year ago.
  • Funding: loans stand at 105.90% of deposits as of Q3 2025.

Financial Results

Return on Assets (YTD, annualized)

1.44%-93 bps YoY

Net Interest Margin (YTD, annualized)

4.25%-36 bps YoY

Efficiency Ratio (YTD, annualized)

35.16%+377 bps YoY

Tier 1 Leverage Ratio

17.14%-79 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025YoY ΔTrend
Earnings
Return on Assets2.37%1.88%0.88%1.11%1.44%-93 bps
Return on Equity14.11%11.30%5.43%6.78%8.74%-537 bps
Net Interest Margin4.61%4.35%4.05%4.18%4.25%-36 bps
Efficiency Ratio31.39%34.80%35.46%34.31%35.16%+377 bps
Non-Interest Burden1.25%1.32%1.30%1.30%1.35%+10 bps
Growth
Asset Growth (YoY)2.76%1.92%5.77%5.72%5.72%+296 bps
Loan Growth (YoY)6.15%-1.92%2.97%8.41%5.98%-17 bps
Deposit Growth (YoY)1.70%5.99%8.98%6.59%6.94%+524 bps
Asset Quality
Nonperforming Loans / Loans0.31%1.43%0.33%0.31%0.44%+14 bps
Net Charge-Offs / Loans-0.15%-0.11%3.80%2.35%1.72%+187 bps
Allowance / Loans1.24%1.75%1.13%1.10%1.05%-19 bps
Allowance Coverage of NPLs4.0x1.2x3.4x3.6x2.4x-1.7x
Capital
Tier 1 Leverage Ratio17.93%16.58%16.38%16.72%17.14%-79 bps
Total Risk-Based Capital20.22%19.68%19.10%18.68%19.18%-104 bps
Equity / Assets17.67%16.24%16.24%16.58%16.97%-70 bps
Liquidity & Funding
Loans / Deposits106.86%96.88%102.63%109.17%105.90%-96 bps
Liquid Assets / Assets2.92%2.35%4.17%3.72%3.23%+32 bps
CRE / Total Capitaln/an/an/an/a16.44%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

Frost State Bank

Frost, MN · Cert 26519 · Peer group: banks under $1B in assets in MN (n=117-119)

FDIC · 1 branch

Q3 2025

$53.8MAssets
$46.6MLoans
$44.0MDeposits
$9.1MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 99% of banks under $1B in assets in MN (rank 2 of 119).
  • Widest gap: net charge-offs / loans trails 99% of banks under $1B in assets in MN (rank 117 of 117).
  • Overall: at or above the peer median on 7 of 10 directional measures.

Return on Assets

1.43%

Rank 19 of 119

Net Interest Margin

4.25%

Rank 23 of 119

Efficiency Ratio

35.16%

Rank 2 of 119

Equity / Assets

16.97%

Rank 9 of 119

Non-interest income vs. expense

$120K$839KINCOMEEXPENSE
Unfavorable gap of $719K · efficiency ratio beats 99% of banks under $1B in assets in MN
Bank 35.16%Peer median 62.8%Q2 2024Q3 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.43%0.71%1.03%1.34%Beats 84%19 / 119
Return on Equity8.42%7.18%10.35%12.77%Beats 39%72 / 119
Net Interest Margin4.25%3.15%3.65%4.14%Beats 81%23 / 119
Efficiency Ratio35.16%57.01%62.78%71.70%Beats 99%2 / 119
Asset Quality
Nonperforming Loans / Loans0.44%0.05%0.47%1.17%Beats 52%57 / 117
Net Charge-Offs / Loans1.38%0.00%0.02%0.10%Beats 1%117 / 117
Capital
Tier 1 Capital Ratio18.21%11.51%13.74%18.21%Beats 75%30 / 119
Total Risk-Based Capital Ratio19.18%12.03%14.74%19.18%Beats 75%30 / 119
Equity / Assets16.97%8.46%10.17%11.87%Beats 92%9 / 119
Liquidity & Funding
Loans / Deposits105.90%63.87%77.77%88.21%92nd pctl9 / 117
Loans / Assets86.51%55.21%67.03%76.20%92nd pctl9 / 117
Brokered Deposits / Deposits12.64%n/an/a1.68%Beats 7%110 / 117