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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 $1.3MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $143.2M15%Noninterest $24.9MQ2 2025Q2 2026

NIM

4.73%Q2 ’244.80%Q2 ’254.58%Q2 ’26+11%-5%

Non-interest income vs. expense

1.84%Q2 ’241.83%Q2 ’251.73%Q2 ’26-2%-6%

Executive Summary

  • Earnings: ROA of 1.26%, down 4 bps year over year; NIM at 3.16%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

1.26%-4 bps YoY

Net Interest Margin (quarter, annualized)

3.16%-15 bps YoY

Efficiency Ratio (quarter, annualized)

49.25%-52 bps YoY

Tier 1 Leverage Ratio

11.66%+106 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.31%1.30%1.27%1.26%-4 bps
Return on Equity8.38%8.24%8.16%7.96%7.74%-63 bps
Net Interest Margin3.31%3.29%3.14%3.01%3.16%-15 bps
Efficiency Ratio49.77%50.25%49.44%50.53%49.25%-52 bps
Non-Interest Burden1.43%1.37%1.28%1.22%1.35%-9 bps
Growth
Asset Growth (YoY)-5.47%-1.82%-0.01%3.94%3.56%+903 bps
Loan Growth (YoY)4.96%2.80%-1.90%2.51%-3.28%-824 bps
Deposit Growth (YoY)-6.26%-2.02%0.18%2.89%2.54%+880 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.00%0.66%0.03%0.00%-5 bps
Net Charge-Offs / Loans0.00%0.02%0.00%0.00%0.00%0 bps
Allowance / Loans0.92%0.92%0.92%0.92%0.94%+3 bps
Allowance Coverage of NPLs16.6xn/a1.4x36.4x424.3x+407.7x
Capital
Tier 1 Leverage Ratio10.60%11.05%11.03%11.11%11.66%+106 bps
Total Risk-Based Capital15.25%15.46%16.35%16.54%17.66%+242 bps
Equity / Assets16.00%15.68%16.16%15.72%16.80%+80 bps
Liquidity & Funding
Loans / Deposits85.30%80.22%80.69%77.47%80.46%-485 bps
Liquid Assets / Assets5.08%9.56%6.82%9.61%8.86%+378 bps
CRE / Total Capitaln/a85.58%82.90%83.44%n/an/a