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Home Federal Savings Bank

Rochester, MN · Cert 29042

FDIC · 14 branches

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=178). 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

43

Q2 2024Q3 2024peer median (50)

Asset Quality

77

Q2 2024Q3 2024peer median (50)

Profitability

16

Q2 2024Q3 2024peer median (50)

Liquidity

100

Q2 2024Q3 2024peer median

Efficiency

8

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

Home Federal Savings Bank

Rochester, MN · Cert 29042

FDIC · 14 branches

Q3 2024

$1.1BAssets
$871.4MLoans
$973.9MDeposits
$98.6MEquity
Loan mix
91%RE $549.1M7%C&I $41.5M2%Consumer $10.3MQ4 2022Q3 2024
Deposit mix
77%Interest-bearing $753.4M23%Noninterest $220.5MQ4 2022Q3 2024

Market Position · Rochester, MN · 2024 SOD (annual) · 8.2% share · #3 of 34 inst. · $0.6B of $7.3B

8.4% Olmsted
11.0% Freeborn
10.0% Mower
10.3% Fillmore

Executive Summary

  • Earnings: ROA of 0.32%, down 27 bps year over year; NIM at 2.60%.
  • Asset quality: problem loans at 0.28% of loans (+16 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.59%, up 66 bps from a year ago.
  • Funding: loans stand at 89.47% of deposits as of Q3 2024.

Return on Assets (YTD, annualized)

0.32%-27 bps YoY

Net Interest Margin (YTD, annualized)

2.60%-12 bps YoY

Efficiency Ratio (YTD, annualized)

84.80%+1,142 bps YoY

Tier 1 Leverage Ratio

9.59%+66 bps YoY

NIM

2.95%Q3 ’223.71%Q3 ’234.39%Q3 ’24-4%-4%

Non-interest income vs. expense

2.42%Q3 ’222.43%Q3 ’232.89%Q3 ’24+10%+20%

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.80%0.65%0.60%0.59%0.59%0.51%0.47%0.32%-27 bps
Return on Equity10.01%8.45%7.82%7.75%7.67%6.21%5.68%3.75%-400 bps
Net Interest Margin2.93%2.91%2.82%2.72%2.66%2.50%2.51%2.60%-12 bps
Efficiency Ratio67.02%75.01%74.78%73.38%74.19%80.18%78.30%84.80%+1,142 bps
Non-Interest Burden1.73%2.04%1.95%1.83%1.81%1.89%1.97%2.20%+36 bps
Growth
Asset Growth (YoY)2.55%4.19%2.59%10.22%1.00%7.43%0.38%-5.11%-1,533 bps
Loan Growth (YoY)18.17%15.56%21.61%14.92%8.86%9.32%4.61%0.79%-1,413 bps
Deposit Growth (YoY)4.48%4.56%0.02%9.73%-1.30%7.31%0.73%-8.42%-1,815 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.23%0.18%0.13%0.44%0.32%0.36%0.28%+16 bps
Net Charge-Offs / Loans0.01%-0.01%0.00%0.00%0.04%0.01%0.00%0.01%+1 bps
Allowance / Loans1.30%1.42%1.37%1.38%1.38%1.33%1.28%1.30%-9 bps
Allowance Coverage of NPLs5.5x6.1x7.5x11.1x3.1x4.1x3.5x4.6x-6.5x
Capital
Tier 1 Leverage Ratio9.14%9.20%9.25%8.93%9.08%9.18%9.28%9.59%+66 bps
Total Risk-Based Capital12.65%12.84%12.61%12.37%12.79%12.89%13.19%13.37%+100 bps
Equity / Assets7.41%7.87%7.81%7.32%8.26%8.07%8.53%9.00%+168 bps
Liquidity & Funding
Loans / Deposits78.13%81.45%84.60%81.30%86.17%82.97%87.87%89.47%+817 bps
Liquid Assets / Assets2.24%0.07%0.12%3.28%0.10%3.48%0.13%0.10%-318 bps
CRE / Total Capitaln/an/an/an/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

Home Federal Savings Bank

Rochester, MN · Cert 29042 · Peer group: banks $1B-$10B in assets operating regionally (n=178)

FDIC · 14 branches

Q3 2024

$1.1BAssets
$871.4MLoans
$973.9MDeposits
$98.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 85% of banks $1B-$10B in assets operating regionally (rank 29 of 178).
  • Widest gap: efficiency ratio trails 92% of banks $1B-$10B in assets operating regionally (rank 165 of 178).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.32%

Rank 163 of 178

Net Interest Margin

2.60%

Rank 125 of 178

Efficiency Ratio

87.70%

Rank 165 of 178

Equity / Assets

9.00%

Rank 120 of 178

Non-interest income vs. expense

$7.8M$32.4MINCOMEEXPENSE
Unfavorable gap of $24.6M · efficiency ratio beats 8% of banks $1B-$10B in assets operating regionally
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.32%0.66%0.92%1.23%Beats 8%163 / 178n/a
Return on Equity3.59%6.98%9.19%11.86%Beats 9%162 / 178n/a
Net Interest Margin2.60%2.50%3.01%3.47%Beats 30%125 / 178n/a
Efficiency Ratio87.70%58.14%65.25%73.44%Beats 8%165 / 178n/a
Asset Quality
Nonperforming Loans / Loans0.28%0.23%0.44%0.75%Beats 68%58 / 178n/a
Net Charge-Offs / Loans0.01%0.01%0.05%0.13%Beats 85%29 / 178n/a
Capital
Tier 1 Capital Ratio12.12%11.25%12.26%13.51%Beats 47%94 / 178n/a
Total Risk-Based Capital Ratio13.37%12.10%13.37%14.55%Beats 50%89 / 178n/a
Equity / Assets9.00%8.52%9.88%11.22%Beats 33%120 / 178n/a
Liquidity & Funding
Loans / Deposits89.47%79.84%89.47%95.81%50th pctl89 / 178n/a
Loans / Assets79.58%67.36%74.55%80.29%72nd pctl49 / 178n/a
Brokered Deposits / Depositsn/aNot reported for this institution