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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

5.40%Q2 ’245.20%Q2 ’255.07%Q2 ’26+9%+3%

Non-interest income vs. expense

2.39%Q2 ’242.47%Q2 ’252.60%Q2 ’26+23%+3%

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 0.84%, down 5 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.90% of loans (-125 bps YoY), with net charge-offs at 0.11%.
  • 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 (quarter, annualized)

0.84%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.60%+12 bps YoY

Efficiency Ratio (quarter, annualized)

65.60%+74 bps YoY

Tier 1 Leverage Ratio

13.00%+68 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.74%1.05%1.22%0.84%-5 bps
Return on Equity7.45%5.90%8.22%9.48%6.64%-81 bps
Net Interest Margin3.48%3.40%3.46%3.92%3.60%+12 bps
Efficiency Ratio64.86%70.09%56.42%58.08%65.60%+74 bps
Non-Interest Burden2.23%2.36%1.89%2.21%2.31%+8 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 / Loans0.38%0.41%-0.34%-0.05%0.11%-27 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