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Mid-Central National Bank

Wadena, MN · Cert 30943 · Jiko Group Inc.

National charter · OCC · 3 branches

Q2 2026

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: 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 under $1B in assets in MN (n=111 to 113). 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

91

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

39

Q2 2024Q2 2026peer median (50)

Liquidity

29

Q2 2024Q2 2026peer median

Efficiency

9

Q2 2024Q2 2026peer 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

Mid-Central National Bank

Wadena, MN · Cert 30943 · Jiko Group Inc.

National charter · OCC · 3 branches

Q2 2026

$117.1MAssets
$89.1MLoans
$94.9MDeposits
$21.3MEquity
Loan mix
76%RE $67.3M6%C&I $5.1M18%Consumer $15.5MQ3 2024Q2 2026
Deposit mix
88%Interest-bearing $83.1M12%Noninterest $11.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.60%, down 4 bps year over year; NIM at 5.02%.
  • Asset quality: problem loans at 0.76% of loans (-39 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.91%, up 117 bps from a year ago.
  • Funding: loans stand at 93.97% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.60%-4 bps YoY

Net Interest Margin (YTD, annualized)

5.02%+34 bps YoY

Efficiency Ratio (YTD, annualized)

82.05%+375 bps YoY

Tier 1 Leverage Ratio

14.91%+117 bps YoY

NIM

4.90%Q2 ’245.34%Q2 ’255.57%Q2 ’26+9%+7%

Non-interest income vs. expense

3.78%Q2 ’244.00%Q2 ’254.42%Q2 ’26+5%+14%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.62%0.64%0.62%0.64%0.69%0.76%0.63%0.60%-4 bps
Return on Equity3.30%3.52%3.74%3.80%4.08%4.40%3.46%3.31%-49 bps
Net Interest Margin4.36%4.37%4.55%4.67%4.79%4.90%5.03%5.02%+34 bps
Efficiency Ratio79.54%79.69%80.39%78.30%77.55%76.75%81.21%82.05%+375 bps
Non-Interest Burden3.22%3.24%3.40%3.39%3.44%3.48%3.83%3.86%+47 bps
Growth
Asset Growth (YoY)-2.38%-0.01%-0.41%-1.13%-3.26%-5.93%-3.93%-1.30%-17 bps
Loan Growth (YoY)1.11%3.83%4.81%8.25%10.07%9.92%9.63%4.33%-392 bps
Deposit Growth (YoY)-4.30%-1.61%1.36%0.69%-1.52%-4.86%-5.26%-2.44%-313 bps
Asset Quality
Nonperforming Loans / Loans0.49%0.50%1.36%1.15%1.10%1.21%1.16%0.76%-39 bps
Net Charge-Offs / Loans0.07%0.05%-0.02%0.13%0.10%0.09%0.00%0.00%-13 bps
Allowance / Loans0.67%0.69%0.72%0.74%0.75%0.76%0.79%0.84%+11 bps
Allowance Coverage of NPLs1.4x1.4x0.5x0.6x0.7x0.6x0.7x1.1x+0.5x
Capital
Tier 1 Leverage Ratio16.26%13.70%13.58%13.74%14.20%14.66%14.90%14.91%+117 bps
Total Risk-Based Capital31.68%26.89%26.31%25.61%25.32%24.88%24.98%25.94%+32 bps
Equity / Assets19.18%16.60%16.73%17.17%17.61%18.07%18.07%18.18%+101 bps
Liquidity & Funding
Loans / Deposits81.87%82.63%82.75%87.87%91.50%95.46%95.75%93.97%+610 bps
Liquid Assets / Assets12.70%14.56%14.59%8.43%6.65%6.44%6.95%15.20%+677 bps
CRE / Total Capitaln/an/an/an/a49.26%58.18%55.70%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 2026-10-11

Mid-Central National Bank

Wadena, MN · Cert 30943 · Peer group: banks under $1B in assets in MN (n=111-113) · Jiko Group Inc.

National charter · OCC · 3 branches

Q2 2026

$117.1MAssets
$89.1MLoans
$94.9MDeposits
$21.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 96% of banks under $1B in assets in MN (rank 5 of 113).
  • Widest gap: efficiency ratio trails 91% of banks under $1B in assets in MN (rank 104 of 113).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.60%

Rank 102 of 113

Net Interest Margin

5.02%

Rank 5 of 113

Efficiency Ratio

82.05%

Rank 104 of 113

Equity / Assets

18.18%

Rank 5 of 113

Non-interest income vs. expense

$0.7M$5.2MINCOMEEXPENSE
Unfavorable gap of $4.5M · efficiency ratio beats 9% of banks under $1B in assets in MN
Bank 82.05%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.60%0.87%1.20%1.41%Beats 10%102 / 113
Return on Equity3.28%8.92%11.27%13.99%Beats 10%102 / 113
Net Interest Margin5.02%3.42%3.88%4.31%Beats 96%5 / 113
Efficiency Ratio82.05%54.13%61.48%69.86%Beats 9%104 / 113
Asset Quality
Nonperforming Loans / Loans0.76%0.09%0.58%1.82%Beats 44%63 / 111
Net Charge-Offs / Loans0.01%n/a0.00%0.04%Beats 46%62 / 111
Capital
Tier 1 Capital Ratio24.82%11.53%13.31%18.13%Beats 88%13 / 113
Total Risk-Based Capital Ratio25.94%12.12%14.43%19.39%Beats 89%12 / 113
Equity / Assets18.18%8.52%10.10%11.94%Beats 96%5 / 113
Liquidity & Funding
Loans / Deposits93.97%62.08%77.32%88.06%83rd pctl19 / 111
Loans / Assets76.10%55.01%66.35%75.50%76th pctl27 / 113
Brokered Deposits / Depositsn/aNot reported for this institution