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First National Bank

Bagley, MN · Cert 5087 · First Natl Agency Bagley Inc.

National charter · OCC · 2 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 MN3

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 MN (n=111 to 113). 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

29

Q2 2024Q2 2026peer median (50)

Asset Quality

26

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

83

Q2 2024Q2 2026peer median

Efficiency

36

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

Bagley, MN · Cert 5087 · First Natl Agency Bagley Inc.

National charter · OCC · 2 branches

Q2 2026

$129.2MAssets
$86.6MLoans
$119.7MDeposits
$8.9MEquity
Loan mix
70%RE $53.6M15%C&I $11.2M15%Consumer $11.3MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $90.0M25%Noninterest $29.7MQ2 2025Q2 2026

NIM

4.52%Q2 ’244.86%Q2 ’255.02%Q2 ’26+10%+9%

Non-interest income vs. expense

2.58%Q2 ’242.51%Q2 ’252.54%Q2 ’26-2%-1%

Market Position · Grand Forks, ND-MN · 2026 SOD (annual) · 0.7% share · #20 of 21 inst. · $0.0B of $3.9B

40.4% Clearwater
2.7% Polk

Executive Summary

  • Earnings: ROA of 0.94%, up 17 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 1.02% of loans (+35 bps YoY), with net charge-offs at 0.22%.
  • Capital: tier 1 leverage ratio of 7.85%, down 7 bps from a year ago.
  • Funding: loans stand at 72.37% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.94%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.56%+30 bps YoY

Efficiency Ratio (YTD, annualized)

65.53%-578 bps YoY

Tier 1 Leverage Ratio

7.85%-7 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.77%0.75%0.79%0.91%0.94%+17 bps
Return on Equity12.12%11.61%12.13%13.39%13.79%+167 bps
Net Interest Margin3.25%3.31%3.28%3.54%3.56%+30 bps
Efficiency Ratio71.31%71.96%70.62%66.45%65.53%-578 bps
Non-Interest Burden2.24%2.30%2.23%2.24%2.22%-2 bps
Growth
Asset Growth (YoY)8.20%9.10%7.45%5.82%7.65%-54 bps
Loan Growth (YoY)9.85%10.67%11.38%8.92%8.75%-110 bps
Deposit Growth (YoY)7.70%9.16%6.82%5.11%7.35%-34 bps
Asset Quality
Nonperforming Loans / Loans0.67%0.46%0.43%0.21%1.02%+35 bps
Net Charge-Offs / Loans0.04%0.12%0.08%0.46%0.22%+17 bps
Allowance / Loans1.08%1.02%1.10%1.02%1.05%-3 bps
Allowance Coverage of NPLs1.6x2.2x2.5x4.8x1.0x-0.6x
Capital
Tier 1 Leverage Ratio7.93%8.02%7.48%7.87%7.85%-7 bps
Total Risk-Based Capital13.47%13.32%13.16%13.61%13.37%-10 bps
Equity / Assets6.67%6.71%6.60%7.03%6.93%+26 bps
Liquidity & Funding
Loans / Deposits71.44%69.58%69.19%71.38%72.37%+93 bps
Liquid Assets / Assets5.15%7.47%10.26%8.43%7.22%+207 bps
CRE / Total Capitaln/a78.82%82.38%73.00%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

Bagley, MN · Cert 5087 · Peer group: banks under $1B in assets in MN (n=111-113) · First Natl Agency Bagley Inc.

National charter · OCC · 2 branches

Q2 2026

$129.2MAssets
$86.6MLoans
$119.7MDeposits
$8.9MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 70% of banks under $1B in assets in MN (rank 34 of 113).
  • Widest gap: equity / assets trails 95% of banks under $1B in assets in MN (rank 107 of 113).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.93%

Rank 78 of 113

Net Interest Margin

3.56%

Rank 79 of 113

Efficiency Ratio

65.53%

Rank 73 of 113

Equity / Assets

6.93%

Rank 107 of 113

Non-interest income vs. expense

$0.4M$3.3MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 36% of banks under $1B in assets in MN
Bank 65.53%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.93%0.87%1.20%1.41%Beats 31%78 / 113
Return on Equity13.47%8.92%11.27%13.99%Beats 70%34 / 113
Net Interest Margin3.56%3.42%3.88%4.31%Beats 30%79 / 113
Efficiency Ratio65.53%54.13%61.48%69.86%Beats 36%73 / 113
Asset Quality
Nonperforming Loans / Loans1.02%0.09%0.58%1.82%Beats 37%71 / 111
Net Charge-Offs / Loans0.11%n/a0.00%0.04%Beats 15%95 / 111
Capital
Tier 1 Capital Ratio12.27%11.53%13.31%18.13%Beats 41%67 / 113
Total Risk-Based Capital Ratio13.37%12.12%14.43%19.39%Beats 42%65 / 113
Equity / Assets6.93%8.52%10.10%11.94%Beats 5%107 / 113
Liquidity & Funding
Loans / Deposits72.37%62.08%77.32%88.06%41st pctl66 / 111
Loans / Assets67.06%55.01%66.35%75.50%51st pctl55 / 113
Brokered Deposits / Depositsn/aNot reported for this institution