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Viking Bank, National Association

Alexandria, MN · Cert 32082 · Viking Financial Corp.

National charter · OCC · 3 branches

Q2 2026

$330.3MAssets
$259.9MLoans
$283.1MDeposits
$38.7MEquity
Loan mix
82%RE $202.5M14%C&I $35.6M3%Consumer $7.8MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $236.3M17%Noninterest $46.8MQ2 2025Q2 2026

NIM

5.10%Q2 ’245.58%Q2 ’255.79%Q2 ’26+19%+10%

Non-interest income vs. expense

2.57%Q2 ’242.45%Q2 ’252.51%Q2 ’26-10%+8%

Executive Summary

  • Earnings: ROA of 1.42%, up 13 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.53% of loans (-58 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.19%, down 30 bps from a year ago.
  • Funding: loans stand at 91.80% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.42%+13 bps YoY

Net Interest Margin (quarter, annualized)

4.07%+36 bps YoY

Efficiency Ratio (quarter, annualized)

56.24%-224 bps YoY

Tier 1 Leverage Ratio

9.19%-30 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.49%0.97%1.30%1.42%+13 bps
Return on Equity10.12%11.75%8.00%10.89%11.99%+188 bps
Net Interest Margin3.71%3.85%3.80%3.87%4.07%+36 bps
Efficiency Ratio58.47%52.11%64.91%55.22%56.24%-224 bps
Non-Interest Burden1.82%1.67%2.17%1.85%1.97%+15 bps
Growth
Asset Growth (YoY)5.98%7.78%9.04%11.82%18.94%+1,296 bps
Loan Growth (YoY)6.26%5.10%8.75%10.74%12.99%+673 bps
Deposit Growth (YoY)5.95%9.17%10.66%15.25%22.76%+1,681 bps
Asset Quality
Nonperforming Loans / Loans1.11%0.31%0.22%0.30%0.53%-58 bps
Net Charge-Offs / Loans0.00%0.01%0.14%0.00%0.00%0 bps
Allowance / Loans1.31%1.28%1.28%1.28%1.30%0 bps
Allowance Coverage of NPLs1.2x4.1x5.7x4.3x2.5x+1.3x
Capital
Tier 1 Leverage Ratio9.49%9.51%8.99%8.98%9.19%-30 bps
Total Risk-Based Capital9.49%9.51%8.99%8.98%9.19%-30 bps
Equity / Assets12.91%12.44%11.91%11.95%11.72%-119 bps
Liquidity & Funding
Loans / Deposits99.73%92.35%94.38%95.42%91.80%-793 bps
Liquid Assets / Assets3.13%8.20%6.02%5.40%7.45%+433 bps
CRE / Total Capitaln/a434%447%425%n/an/a