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Northstar Bank

Estherville, IA · Cert 34407 · Van Diest Investment Co.

State charter, non-member · FDIC · 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 IA3

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 IA (n=134 to 135). 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

86

Q2 2024Q2 2026peer median (50)

Asset Quality

92

Q2 2024Q2 2026peer median (50)

Profitability

37

Q2 2024Q2 2026peer median (50)

Liquidity

96

Q2 2024Q2 2026peer median

Efficiency

69

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

Northstar Bank

Estherville, IA · Cert 34407 · Van Diest Investment Co.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (11 in holding)

Q2 2026

$203.4MAssets
$135.3MLoans
$168.1MDeposits
$34.2MEquity
Loan mix
94%RE $94.7M5%C&I $4.5M1%Consumer $1.3MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $143.2M15%Noninterest $24.9MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.27%, down 3 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.00% of loans (-5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.66%, up 106 bps from a year ago.
  • Funding: loans stand at 80.46% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.27%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.11%-11 bps YoY

Efficiency Ratio (YTD, annualized)

49.90%-113 bps YoY

Tier 1 Leverage Ratio

11.66%+106 bps YoY

NIM

4.65%Q2 ’244.74%Q2 ’254.55%Q2 ’26+9%-3%

Non-interest income vs. expense

1.83%Q2 ’241.89%Q2 ’251.78%Q2 ’26-1%-6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.05%1.07%1.29%1.30%1.29%1.30%1.27%1.27%-3 bps
Return on Equity6.79%6.88%8.28%8.26%8.22%8.20%7.96%7.85%-40 bps
Net Interest Margin3.05%3.03%3.01%3.21%3.26%3.14%3.01%3.11%-11 bps
Efficiency Ratio53.54%53.57%52.26%51.03%50.77%50.43%50.53%49.90%-113 bps
Non-Interest Burden1.42%1.40%1.26%1.37%1.38%1.32%1.22%1.29%-8 bps
Growth
Asset Growth (YoY)-0.41%-1.25%-5.70%-5.47%-1.82%-0.01%3.94%3.56%+903 bps
Loan Growth (YoY)6.81%5.98%0.84%4.96%2.80%-1.90%2.51%-3.28%-824 bps
Deposit Growth (YoY)-0.69%-1.57%-6.43%-6.26%-2.02%0.18%2.89%2.54%+880 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.06%0.00%0.66%0.03%0.00%-5 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.01%0.01%0.00%0.00%0 bps
Allowance / Loans0.95%0.91%0.94%0.92%0.92%0.92%0.92%0.94%+3 bps
Allowance Coverage of NPLsn/a642.0x1280.0x16.6xn/a1.4x36.4x424.3x+407.7x
Capital
Tier 1 Leverage Ratio10.95%11.14%9.88%10.60%11.05%11.03%11.11%11.66%+106 bps
Total Risk-Based Capital16.61%16.67%14.84%15.25%15.46%16.35%16.54%17.66%+242 bps
Equity / Assets15.67%16.32%14.91%16.00%15.68%16.16%15.72%16.80%+80 bps
Liquidity & Funding
Loans / Deposits76.46%82.40%77.76%85.30%80.22%80.69%77.47%80.46%-485 bps
Liquid Assets / Assets11.58%8.13%13.25%5.08%9.56%6.82%9.61%8.86%+378 bps
CRE / Total Capitaln/an/an/an/a85.58%82.90%83.44%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

Northstar Bank

Estherville, IA · Cert 34407 · Peer group: banks under $1B in assets in IA (n=134-135) · Van Diest Investment Co.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (11 in holding)

Q2 2026

$203.4MAssets
$135.3MLoans
$168.1MDeposits
$34.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in IA (rank 45 of 134).
  • Widest gap: return on equity trails 78% of banks under $1B in assets in IA (rank 105 of 135).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.30%

Rank 59 of 135

Net Interest Margin

3.11%

Rank 89 of 135

Efficiency Ratio

52.05%

Rank 43 of 135

Equity / Assets

16.80%

Rank 11 of 135

Non-interest income vs. expense

$1.0M$3.7MINCOMEEXPENSE
Unfavorable gap of $2.7M · efficiency ratio beats 69% of banks under $1B in assets in IA
Bank 52.05%Peer median 57.4%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.30%0.92%1.19%1.47%Beats 56%59 / 135
Return on Equity7.74%7.99%10.26%13.14%Beats 22%105 / 135
Net Interest Margin3.11%2.95%3.41%3.73%Beats 34%89 / 135
Efficiency Ratio52.05%50.61%57.35%63.29%Beats 69%43 / 135
Asset Quality
Nonperforming Loans / Loans0.00%0.03%0.51%1.26%Beats 84%22 / 134
Net Charge-Offs / Loans0.00%n/a0.01%0.03%Beats 100%45 / 134
Capital
Tier 1 Capital Ratio16.72%11.23%13.31%15.45%Beats 83%23 / 135
Total Risk-Based Capital Ratio17.66%11.61%14.06%16.47%Beats 82%24 / 135
Equity / Assets16.80%9.87%11.05%13.07%Beats 92%11 / 135
Liquidity & Funding
Loans / Deposits80.46%68.54%81.55%91.24%47th pctl71 / 134
Loans / Assets66.51%57.61%68.06%76.23%47th pctl72 / 135
Brokered Deposits / Depositsn/aNot reported for this institution