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Minnesota First Credit and Savings, Incorporated

Rochester, MN · Cert 26755

State charter, non-member · FDIC · 4 branches

Q2 2026

$29.9MAssets
$26.9MLoans
$24.9MDeposits
$4.2MEquity
Loan mix
66%RE $17.2M1%C&I $0.3M33%Consumer $8.5MQ3 2024Q2 2026
Deposit mix
99%Interest-bearing $24.8M1%Noninterest $0.1MQ3 2024Q2 2026

Market Position · Rochester, MN · 2026 SOD (annual) · 0.2% share · #34 of 34 inst. · $0.0B of $7.6B

0.3% Olmsted
0.4% Steele
0.1% Goodhue
0.1% Winona

Executive Summary

  • Earnings: ROA of 0.26%, down 17 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 0.12% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.16%, down 106 bps from a year ago.
  • Funding: loans stand at 108.05% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.26%-17 bps YoY

Net Interest Margin (quarter, annualized)

4.19%-6 bps YoY

Efficiency Ratio (quarter, annualized)

92.14%+428 bps YoY

Tier 1 Leverage Ratio

14.16%-106 bps YoY

NIM

7.50%Q2 ’247.73%Q2 ’257.41%Q2 ’26+9%-1%

Non-interest income vs. expense

3.88%Q2 ’244.04%Q2 ’253.92%Q2 ’26+3%+4%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets-0.21%0.15%0.11%0.44%0.49%0.21%0.25%0.26%-17 bps
Return on Equity-1.26%0.92%0.69%2.89%3.25%1.43%1.72%1.86%-103 bps
Net Interest Margin3.88%4.05%3.69%4.26%4.34%4.07%3.96%4.19%-6 bps
Efficiency Ratio105.02%95.73%96.62%87.86%86.26%93.65%92.36%92.14%+428 bps
Non-Interest Burden4.09%3.86%3.55%3.70%3.72%3.80%3.65%3.86%+16 bps
Growth
Asset Growth (YoY)4.17%5.26%7.95%10.24%10.40%11.13%9.52%9.31%-93 bps
Loan Growth (YoY)3.65%5.47%5.35%12.33%12.50%9.03%8.79%7.34%-499 bps
Deposit Growth (YoY)2.78%13.12%15.71%21.97%17.01%15.24%13.28%9.51%-1,247 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.12%0.12%0.11%0.26%0.18%0.11%0.12%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.77%1.72%1.71%1.63%1.57%1.58%1.57%1.52%-11 bps
Allowance Coverage of NPLs14.6x14.1x14.6x14.6x6.0x8.9x14.6x12.4x-2.2x
Capital
Tier 1 Leverage Ratio16.36%15.98%15.34%15.22%15.03%14.79%14.23%14.16%-106 bps
Total Risk-Based Capital23.78%23.37%23.01%22.58%21.98%22.07%22.12%21.18%-141 bps
Equity / Assets16.18%15.84%15.06%15.18%14.90%14.51%14.04%14.15%-102 bps
Liquidity & Funding
Loans / Deposits117.39%114.42%108.22%110.23%112.86%108.25%103.93%108.05%-218 bps
Liquid Assets / Assets1.02%0.79%5.55%1.24%3.02%5.58%7.95%4.62%+338 bps
CRE / Total Capitaln/an/an/an/a14.16%14.74%14.76%n/an/a