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Riverwood Bank

Bemidji, MN · Cert 27932

FDIC · 12 branches

Q3 2024

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 2024, the quarter ended September 30, 2024, 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=124 to 126). 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

22

Q2 2024Q3 2024peer median (50)

Asset Quality

28

Q2 2024Q3 2024peer median (50)

Profitability

62

Q2 2024Q3 2024peer median (50)

Liquidity

52

Q2 2024Q3 2024peer median

Efficiency

63

Q2 2024Q3 2024peer 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

Riverwood Bank

Bemidji, MN · Cert 27932

FDIC · 12 branches

Q3 2024

$657.7MAssets
$519.5MLoans
$591.5MDeposits
$51.8MEquity
Loan mix
72%RE $279.3M20%C&I $78.6M8%Consumer $29.6MQ3 2023Q3 2024
Deposit mix
82%Interest-bearing $484.2M18%Noninterest $107.3MQ3 2023Q3 2024

NIM

3.45%Q3 ’224.53%Q3 ’235.16%Q3 ’24+5%-6%

Non-interest income vs. expense

2.62%Q3 ’222.66%Q3 ’232.44%Q3 ’24+3%-11%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2024 SOD (annual) · 0.0% share · #92 of 132 inst. · $0.1B of $248.4B

7.6% Crow Wing
7.3% Beltrami
25.3% Stevens
2.2% Wright

Executive Summary

  • Earnings: ROA of 1.01%, down 1 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.87% of loans (+84 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 8.50%, down 4 bps from a year ago.
  • Funding: loans stand at 87.82% of deposits as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

1.01%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.24%-19 bps YoY

Efficiency Ratio (YTD, annualized)

63.89%-243 bps YoY

Tier 1 Leverage Ratio

8.50%-4 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets1.01%1.01%0.99%1.01%1.01%-1 bps
Return on Equity13.74%13.56%13.06%13.22%13.14%-60 bps
Net Interest Margin3.43%3.37%3.35%3.30%3.24%-19 bps
Efficiency Ratio66.32%65.75%64.26%63.94%63.89%-243 bps
Non-Interest Burden2.07%2.01%1.96%1.88%1.85%-22 bps
Growth
Asset Growth (YoY)7.81%5.85%5.65%7.33%6.97%-84 bps
Loan Growth (YoY)8.97%7.90%7.86%9.63%10.76%+179 bps
Deposit Growth (YoY)5.97%3.89%0.18%3.65%7.89%+192 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.95%0.94%0.89%0.87%+84 bps
Net Charge-Offs / Loans0.03%0.02%0.09%0.05%0.06%+2 bps
Allowance / Loans1.22%1.19%1.20%1.15%1.13%-9 bps
Allowance Coverage of NPLs41.7x1.3x1.3x1.3x1.3x-40.4x
Capital
Tier 1 Leverage Ratio8.54%8.47%8.60%8.60%8.50%-4 bps
Total Risk-Based Capital12.18%12.07%12.51%12.19%12.17%-1 bps
Equity / Assets7.19%7.63%7.58%7.61%7.88%+69 bps
Liquidity & Funding
Loans / Deposits85.55%88.78%88.89%91.41%87.82%+227 bps
Liquid Assets / Assets2.02%1.41%2.08%1.13%4.05%+203 bps
CRE / Total Capitaln/an/an/an/an/an/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

Riverwood Bank

Bemidji, MN · Cert 27932 · Peer group: banks under $1B in assets in MN (n=124-126)

FDIC · 12 branches

Q3 2024

$657.7MAssets
$519.5MLoans
$591.5MDeposits
$51.8MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 79% of banks under $1B in assets in MN (rank 27 of 126).
  • Widest gap: equity / assets trails 82% of banks under $1B in assets in MN (rank 103 of 126).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.98%

Rank 54 of 126

Net Interest Margin

3.24%

Rank 64 of 126

Efficiency Ratio

63.89%

Rank 48 of 126

Equity / Assets

7.88%

Rank 103 of 126

Non-interest income vs. expense

$4.0M$16.2MINCOMEEXPENSE
Unfavorable gap of $12.2M · efficiency ratio beats 63% of banks under $1B in assets in MN
Bank 63.89%Peer median 67.3%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.98%0.57%0.86%1.26%Beats 57%54 / 126
Return on Equity12.39%5.98%9.44%12.15%Beats 79%27 / 126
Net Interest Margin3.24%2.90%3.27%3.83%Beats 49%64 / 126
Efficiency Ratio63.89%58.59%67.34%75.19%Beats 63%48 / 126
Asset Quality
Nonperforming Loans / Loans0.87%0.02%0.33%1.14%Beats 31%87 / 124
Net Charge-Offs / Loans0.05%n/a0.01%0.04%Beats 24%95 / 124
Capital
Tier 1 Capital Ratio11.00%11.32%13.51%18.92%Beats 20%101 / 126
Total Risk-Based Capital Ratio12.17%11.73%14.10%19.91%Beats 29%90 / 126
Equity / Assets7.88%8.19%9.75%12.03%Beats 18%103 / 126
Liquidity & Funding
Loans / Deposits87.82%61.75%75.71%91.93%71st pctl36 / 124
Loans / Assets78.98%54.10%64.74%77.31%78th pctl27 / 124
Brokered Deposits / Depositsn/aNot reported for this institution