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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 0.25%, down 2 bps year over year; NIM at 4.06%.
  • 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 (YTD, annualized)

0.25%-2 bps YoY

Net Interest Margin (YTD, annualized)

4.06%+11 bps YoY

Efficiency Ratio (YTD, annualized)

92.25%+36 bps YoY

Tier 1 Leverage Ratio

14.16%-106 bps YoY

NIM

7.45%Q2 ’247.44%Q2 ’257.27%Q2 ’26+1%+3%

Non-interest income vs. expense

3.96%Q2 ’243.90%Q2 ’253.82%Q2 ’26-3%+4%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.05%0.07%0.11%0.27%0.35%0.31%0.25%0.25%-2 bps
Return on Equity0.28%0.44%0.69%1.79%2.28%2.07%1.72%1.79%0 bps
Net Interest Margin3.88%3.85%3.69%3.95%4.03%3.98%3.96%4.06%+11 bps
Efficiency Ratio98.59%97.83%96.62%91.88%89.91%90.85%92.36%92.25%+36 bps
Non-Interest Burden3.82%3.76%3.55%3.60%3.59%3.59%3.65%3.74%+13 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 / Loans-0.09%-0.06%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