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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 $15.5MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $83.1M12%Noninterest $11.7MQ2 2025Q2 2026

NIM

5.05%Q2 ’245.40%Q2 ’255.60%Q2 ’26+8%+6%

Non-interest income vs. expense

3.73%Q2 ’243.91%Q2 ’254.52%Q2 ’26+6%+17%

Executive Summary

  • Earnings: ROA of 0.57%, down 8 bps year over year; NIM at 5.04%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

0.57%-8 bps YoY

Net Interest Margin (quarter, annualized)

5.04%+29 bps YoY

Efficiency Ratio (quarter, annualized)

82.88%+665 bps YoY

Tier 1 Leverage Ratio

14.91%+117 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.65%0.81%0.96%0.63%0.57%-8 bps
Return on Equity3.85%4.66%5.37%3.46%3.15%-70 bps
Net Interest Margin4.75%4.84%5.03%5.03%5.04%+29 bps
Efficiency Ratio76.23%76.07%74.40%81.21%82.88%+665 bps
Non-Interest Burden3.35%3.40%3.45%3.83%3.92%+56 bps
Growth
Asset Growth (YoY)-1.13%-3.26%-5.93%-3.93%-1.30%-17 bps
Loan Growth (YoY)8.25%10.07%9.92%9.63%4.33%-392 bps
Deposit Growth (YoY)0.69%-1.52%-4.86%-5.26%-2.44%-313 bps
Asset Quality
Nonperforming Loans / Loans1.15%1.10%1.21%1.16%0.76%-39 bps
Net Charge-Offs / Loans0.28%0.06%0.06%0.00%0.00%-28 bps
Allowance / Loans0.74%0.75%0.76%0.79%0.84%+11 bps
Allowance Coverage of NPLs0.6x0.7x0.6x0.7x1.1x+0.5x
Capital
Tier 1 Leverage Ratio13.74%14.20%14.66%14.90%14.91%+117 bps
Total Risk-Based Capital25.61%25.32%24.88%24.98%25.94%+32 bps
Equity / Assets17.17%17.61%18.07%18.07%18.18%+101 bps
Liquidity & Funding
Loans / Deposits87.87%91.50%95.46%95.75%93.97%+610 bps
Liquid Assets / Assets8.43%6.65%6.44%6.95%15.20%+677 bps
CRE / Total Capitaln/a49.26%58.18%55.70%n/an/a