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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

$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