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First National Bank in Sioux Falls, The

Sioux Falls, SD · Cert 4016 · Minnehaha Banshares Inc.

National charter · OCC · 18 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 $1B-$10B in assets (n=322 to 328). 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

51

Q2 2024Q2 2026peer median (50)

Asset Quality

49

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

85

Q2 2024Q2 2026peer median

Efficiency

38

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

First National Bank in Sioux Falls, The

Sioux Falls, SD · Cert 4016 · Minnehaha Banshares Inc.

National charter · OCC · 18 branches

Q2 2026

$2.1BAssets
$1.6BLoans
$1.8BDeposits
$197.4MEquity
Loan mix
75%RE $888.3M23%C&I $268.6M2%Consumer $29.4MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $1.4B23%Noninterest $0.4BQ3 2024Q2 2026

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.1% share · #7 of 42 inst. · $1.7B of $1127.8B

0.3% Minnehaha
0.0% Lincoln
62.1% Moody

Executive Summary

  • Earnings: ROA of 1.15%, up 29 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.41% of loans (+3 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 10.34%, down 1 bps from a year ago.
  • Funding: loans stand at 89.90% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.15%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+34 bps YoY

Efficiency Ratio (YTD, annualized)

62.97%-579 bps YoY

Tier 1 Leverage Ratio

10.34%-1 bps YoY

NIM

4.67%Q2 ’244.77%Q2 ’254.90%Q2 ’26+21%+12%

Non-interest income vs. expense

2.56%Q2 ’242.66%Q2 ’252.68%Q2 ’260%-2%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.65%0.66%0.79%0.87%0.95%1.03%1.08%1.15%+29 bps
Return on Equity7.52%7.66%8.92%9.71%10.47%11.29%11.77%12.49%+278 bps
Net Interest Margin2.53%2.52%2.88%2.86%3.00%2.91%3.19%3.20%+34 bps
Efficiency Ratio77.36%75.19%70.42%68.76%67.24%64.62%64.42%62.97%-579 bps
Non-Interest Burden1.74%1.65%1.76%1.66%1.68%1.52%1.69%1.63%-3 bps
Growth
Asset Growth (YoY)6.61%1.48%-2.11%3.98%2.53%6.72%7.12%7.29%+332 bps
Loan Growth (YoY)2.11%6.99%7.21%6.61%8.88%8.14%7.91%9.58%+297 bps
Deposit Growth (YoY)-0.09%0.12%-0.04%4.25%2.16%3.93%10.41%10.34%+609 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.27%0.23%0.38%0.71%0.44%0.42%0.41%+3 bps
Net Charge-Offs / Loans0.04%0.07%0.04%0.02%0.02%0.04%0.11%0.08%+6 bps
Allowance / Loans1.51%1.48%1.47%1.48%1.48%1.51%1.48%1.46%-2 bps
Allowance Coverage of NPLs14.4x5.4x6.3x3.9x2.1x3.4x3.5x3.6x-0.3x
Capital
Tier 1 Leverage Ratio10.62%10.36%10.46%10.35%10.80%10.40%10.22%10.34%-1 bps
Total Risk-Based Capital14.79%14.55%14.96%15.30%15.43%15.34%15.25%15.21%-9 bps
Equity / Assets9.19%8.69%8.98%9.11%9.41%9.26%9.12%9.31%+21 bps
Liquidity & Funding
Loans / Deposits87.56%86.52%90.50%90.52%93.31%90.02%88.44%89.90%-62 bps
Liquid Assets / Assets3.58%2.50%1.76%2.27%0.97%3.33%3.15%1.92%-35 bps
CRE / Total Capitaln/an/an/an/a158.58%158.59%157.72%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

First National Bank in Sioux Falls, The

Sioux Falls, SD · Cert 4016 · Peer group: banks $1B-$10B in assets (n=322-328) · Minnehaha Banshares Inc.

National charter · OCC · 18 branches

Q2 2026

$2.1BAssets
$1.6BLoans
$1.8BDeposits
$197.4MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 64% of banks $1B-$10B in assets (rank 117 of 328).
  • Widest gap: equity / assets trails 71% of banks $1B-$10B in assets (rank 233 of 328).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.14%

Rank 189 of 328

Net Interest Margin

3.20%

Rank 213 of 328

Efficiency Ratio

62.97%

Rank 203 of 328

Equity / Assets

9.31%

Rank 233 of 328

Non-interest income vs. expense

$22.9M$58.5MINCOMEEXPENSE
Unfavorable gap of $35.6M · efficiency ratio beats 38% of banks $1B-$10B in assets
Bank 62.97%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.14%0.91%1.22%1.52%Beats 42%189 / 328
Return on Equity12.29%8.43%11.45%14.43%Beats 57%142 / 328
Net Interest Margin3.20%3.03%3.45%3.83%Beats 35%213 / 328
Efficiency Ratio62.97%51.61%59.56%67.53%Beats 38%203 / 328
Asset Quality
Nonperforming Loans / Loans0.41%0.24%0.51%1.03%Beats 61%128 / 322
Net Charge-Offs / Loans0.06%0.01%0.03%0.10%Beats 37%205 / 322
Capital
Tier 1 Capital Ratio13.96%11.75%13.15%15.47%Beats 61%129 / 328
Total Risk-Based Capital Ratio15.21%12.63%14.15%16.46%Beats 64%117 / 328
Equity / Assets9.31%9.15%10.33%12.01%Beats 29%233 / 328
Liquidity & Funding
Loans / Deposits89.90%76.63%87.92%95.36%54th pctl147 / 323
Loans / Assets74.94%65.18%74.15%79.98%54th pctl152 / 328
Brokered Deposits / Depositsn/aNot reported for this institution