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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 $15.5MQ3 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