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Midcountry Bank

Bloomington, MN · Cert 28865 · Midcountry Acquisition Corp.

State savings bank · OCC · 16 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets operating in a single state (n=257 to 258). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer Standing

Trailing 9 quarters, through Q2 2026

Capital

82

Q2 2024Q2 2026Peer median (50)

Asset Quality

20

Q2 2024Q2 2026Peer median (50)

Profitability

39

Q2 2024Q2 2026Peer median (50)

Liquidity

89

Q2 2024Q2 2026Peer median (100)

Efficiency

37

Q2 2024Q2 2026Peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is a stronger peer standing, and the peer median is fixed at 50. Liquidity, Growth: closeness to the peer median, 100 at the median.

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 2026-10-12

Midcountry Bank

Bloomington, MN · Cert 28865 · Midcountry Acquisition Corp.

State savings bank · OCC · 3 affiliate banks · 16 branches (26 in holding)

Q2 2026

$1.1BAssets
$737.2MLoans
$835.8MDeposits
$133.4MEquity
Loan mix
86%RE $575.6M9%C&I $60.3M5%Consumer $32.6MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $664.1M21%Noninterest $171.7MQ2 2025Q2 2026

NIM

5.42%Q2 ’245.22%Q2 ’255.19%Q2 ’26+5%+9%

Non-interest income vs. expense

2.41%Q2 ’242.50%Q2 ’252.53%Q2 ’26+15%+0%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.2% share · #32 of 125 inst. · $0.5B of $253.2B

0.2% Hennepin
12.8% McLeod
1.2% Dakota
2.6% Wright

Executive Summary

  • Earnings: ROA of 1.03%, up 20 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.90% of loans (-125 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 13.00%, up 68 bps from a year ago.
  • Funding: loans stand at 88.20% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.03%+20 bps YoY

Net Interest Margin (YTD, annualized)

3.73%+32 bps YoY

Efficiency Ratio (YTD, annualized)

61.72%-466 bps YoY

Tier 1 Leverage Ratio

13.00%+68 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.80%0.86%1.22%1.03%+20 bps
Return on Equity7.14%6.71%7.12%9.48%8.08%+94 bps
Net Interest Margin3.42%3.46%3.49%3.92%3.73%+32 bps
Efficiency Ratio66.37%67.60%64.82%58.08%61.72%-466 bps
Non-Interest Burden2.24%2.31%2.23%2.21%2.24%+1 bps
Growth
Asset Growth (YoY)-7.82%-6.01%-8.66%-4.55%-0.20%+762 bps
Loan Growth (YoY)-12.52%-10.07%-12.93%-10.38%-3.12%+940 bps
Deposit Growth (YoY)-5.54%-3.91%-10.96%-8.74%-6.49%-95 bps
Asset Quality
Nonperforming Loans / Loans2.15%1.98%1.77%1.55%0.90%-125 bps
Net Charge-Offs / Loans0.35%0.38%0.21%-0.05%0.03%-32 bps
Allowance / Loans1.68%1.63%1.82%1.87%1.79%+11 bps
Allowance Coverage of NPLs0.8x0.8x1.0x1.2x2.0x+1.2x
Capital
Tier 1 Leverage Ratio12.32%12.81%12.77%13.25%13.00%+68 bps
Total Risk-Based Capital16.58%17.19%17.37%18.10%17.23%+65 bps
Equity / Assets12.22%12.84%12.74%12.94%12.46%+23 bps
Liquidity & Funding
Loans / Deposits85.14%84.93%84.94%83.24%88.20%+306 bps
Liquid Assets / Assets4.62%3.82%4.31%5.13%4.07%-55 bps
CRE / Total Capitaln/a344%341%331%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 2026-10-12

Midcountry Bank

Bloomington, MN · Cert 28865 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Midcountry Acquisition Corp.

State savings bank · OCC · 3 affiliate banks · 16 branches (26 in holding)

Q2 2026

$1.1BAssets
$737.2MLoans
$835.8MDeposits
$133.4MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 83% of banks $1B-$10B in assets operating in a single state (rank 45 of 258).
  • Widest gap: net charge-offs / loans trails 85% of banks $1B-$10B in assets operating in a single state (rank 221 of 258).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.01%

Rank 176 of 258

Net Interest Margin

3.73%

Rank 85 of 258

Efficiency Ratio

63.39%

Rank 164 of 257

Equity / Assets

12.46%

Rank 47 of 258

Non-interest income vs. expense

$3.0M$26.6MINCOMEEXPENSE
Unfavorable gap of $23.6M · efficiency ratio beats 37% of banks $1B-$10B in assets operating in a single state
Bank 63.39%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.01%0.93%1.23%1.54%Beats 32%176 / 258
Return on Equity8.10%9.26%11.84%14.74%Beats 18%211 / 258
Net Interest Margin3.73%3.16%3.49%3.88%Beats 67%85 / 258
Efficiency Ratio63.39%51.71%60.30%69.65%Beats 37%164 / 257
Asset Quality
Nonperforming Loans / Loans0.90%0.19%0.46%0.90%Beats 25%194 / 258
Net Charge-Offs / Loans0.14%0.01%0.02%0.07%Beats 15%221 / 258
Capital
Tier 1 Capital Ratio15.98%11.41%12.98%15.12%Beats 80%51 / 258
Total Risk-Based Capital Ratio17.23%12.10%13.91%16.08%Beats 83%45 / 258
Equity / Assets12.46%9.09%10.24%11.72%Beats 82%47 / 258
Liquidity & Funding
Loans / Deposits88.20%73.24%86.34%95.95%57th pctl111 / 258
Loans / Assets68.86%63.01%72.27%78.40%37th pctl162 / 258
Brokered Deposits / Depositsn/aNot reported for this institution