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1st United Bank

Faribault, MN · Cert 31249

FDIC · 2 branches

Q1 2025

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: Q1 2025, the quarter ended March 31, 2025, 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=122 to 124). 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

68

Q2 2024Q1 2025peer median (50)

Asset Quality

100

Q2 2024Q1 2025peer median (50)

Profitability

43

Q2 2024Q1 2025peer median (50)

Liquidity

12

Q2 2024Q1 2025peer median

Efficiency

80

Q2 2024Q1 2025peer 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

1st United Bank

Faribault, MN · Cert 31249

FDIC · 2 branches

Q1 2025

$167.2MAssets
$76.0MLoans
$148.3MDeposits
$17.9MEquity
Loan mix
80%RE $52.4M17%C&I $11.3M3%Consumer $2.0MQ1 2024Q1 2025
Deposit mix
81%Interest-bearing $120.1M19%Noninterest $28.1MQ1 2024Q1 2025

NIM

2.84%Q1 ’233.54%Q1 ’243.68%Q1 ’25-12%+44%

Non-interest income vs. expense

1.67%Q1 ’231.55%Q1 ’241.78%Q1 ’25-8%+19%

Executive Summary

  • Earnings: ROA of 1.06%, up 50 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.00% of loans (-22 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.92%, up 181 bps from a year ago.
  • Funding: loans stand at 51.29% of deposits as of Q1 2025.

Financial Results

Return on Assets (YTD, annualized)

1.06%+50 bps YoY

Net Interest Margin (YTD, annualized)

2.99%+92 bps YoY

Efficiency Ratio (YTD, annualized)

55.62%-1,115 bps YoY

Tier 1 Leverage Ratio

9.92%+181 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.56%0.64%0.60%0.58%1.06%+50 bps
Return on Equity7.47%7.88%6.87%6.46%10.22%+274 bps
Net Interest Margin2.07%2.39%2.66%2.63%2.99%+92 bps
Efficiency Ratio66.77%66.11%68.56%70.27%55.62%-1,115 bps
Non-Interest Burden1.27%1.44%1.67%1.70%1.50%+24 bps
Growth
Asset Growth (YoY)13.02%-18.17%-21.04%-21.76%-20.72%-3,374 bps
Loan Growth (YoY)-0.50%4.56%-4.91%-2.05%-2.22%-172 bps
Deposit Growth (YoY)-9.33%-4.74%-4.97%-3.54%-2.65%+668 bps
Asset Quality
Nonperforming Loans / Loans0.22%0.27%0.22%0.00%0.00%-22 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.40%1.36%1.48%1.43%1.43%+3 bps
Allowance Coverage of NPLs6.5x5.0x6.7xn/an/an/a
Capital
Tier 1 Leverage Ratio8.11%9.09%10.36%9.69%9.92%+181 bps
Total Risk-Based Capital17.45%18.27%19.12%17.97%17.90%+45 bps
Equity / Assets7.56%9.71%10.87%10.06%10.69%+313 bps
Liquidity & Funding
Loans / Deposits51.07%54.02%49.57%51.41%51.29%+22 bps
Liquid Assets / Assets4.39%0.85%4.55%3.49%4.92%+53 bps
CRE / Total Capitaln/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

1st United Bank

Faribault, MN · Cert 31249 · Peer group: banks under $1B in assets in MN (n=122-124)

FDIC · 2 branches

Q1 2025

$167.2MAssets
$76.0MLoans
$148.3MDeposits
$17.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 27 of 122).
  • Widest gap: net interest margin trails 78% of banks under $1B in assets in MN (rank 97 of 124).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.06%

Rank 52 of 124

Net Interest Margin

2.99%

Rank 97 of 124

Efficiency Ratio

55.62%

Rank 26 of 124

Equity / Assets

10.69%

Rank 46 of 124

Non-interest income vs. expense

$0.5M$3.1MINCOMEEXPENSE
Unfavorable gap of $2.6M · efficiency ratio beats 80% of banks under $1B in assets in MN
Bank 55.62%Peer median 65.9%Q2 2024Q1 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.06%0.63%0.94%1.29%Beats 58%52 / 124
Return on Equity9.87%6.93%10.21%12.87%Beats 48%64 / 124
Net Interest Margin2.99%3.04%3.52%3.97%Beats 22%97 / 124
Efficiency Ratio55.62%57.88%65.92%75.89%Beats 80%26 / 124
Asset Quality
Nonperforming Loans / Loans0.00%0.01%0.33%1.20%Beats 100%27 / 122
Net Charge-Offs / Loans0.00%n/an/a0.01%Beats 100%71 / 122
Capital
Tier 1 Capital Ratio16.81%11.38%13.15%17.74%Beats 71%36 / 124
Total Risk-Based Capital Ratio17.90%11.99%13.93%18.89%Beats 71%36 / 124
Equity / Assets10.69%7.96%9.56%11.71%Beats 63%46 / 124
Liquidity & Funding
Loans / Deposits51.29%60.74%74.69%88.04%15th pctl104 / 122
Loans / Assets45.49%53.37%65.91%77.15%15th pctl104 / 122
Brokered Deposits / Depositsn/aNot reported for this institution