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Star Bank

Maple Lake, MN · Cert 5095 · Midwest Bcorp Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

$445.8MAssets
$357.2MLoans
$384.6MDeposits
$44.2MEquity
Loan mix
78%RE $233.3M19%C&I $57.5M3%Consumer $7.6MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $293.7M24%Noninterest $90.9MQ2 2025Q2 2026

NIM

5.83%Q2 ’246.04%Q2 ’256.29%Q2 ’26-1%+10%

Non-interest income vs. expense

3.03%Q2 ’243.00%Q2 ’253.15%Q2 ’26+3%+11%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #69 of 125 inst. · $0.2B of $253.2B

6.1% Wright
27.4% Traverse
8.0% Todd
12.3% Big Stone

Executive Summary

  • Earnings: ROA of 0.42%, up 11 bps year over year; NIM at 4.87%.
  • Asset quality: problem loans at 2.07% of loans (-135 bps YoY), with net charge-offs at 1.79%.
  • Capital: tier 1 leverage ratio of 9.29%, up 37 bps from a year ago.
  • Funding: loans stand at 92.88% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.42%+11 bps YoY

Net Interest Margin (YTD, annualized)

4.87%+42 bps YoY

Efficiency Ratio (YTD, annualized)

61.94%-36 bps YoY

Tier 1 Leverage Ratio

9.29%+37 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.32%0.62%0.65%-0.21%0.42%+11 bps
Return on Equity3.37%6.56%6.89%-2.20%4.40%+103 bps
Net Interest Margin4.44%4.47%4.47%4.86%4.87%+42 bps
Efficiency Ratio62.30%62.44%61.10%61.50%61.94%-36 bps
Non-Interest Burden2.63%2.66%2.59%2.93%2.93%+30 bps
Growth
Asset Growth (YoY)1.83%2.28%0.56%-0.41%0.12%-171 bps
Loan Growth (YoY)6.88%3.01%-1.27%-3.71%-4.56%-1,144 bps
Deposit Growth (YoY)-0.79%3.20%0.28%-0.19%-0.42%+37 bps
Asset Quality
Nonperforming Loans / Loans3.42%4.10%3.22%2.43%2.07%-135 bps
Net Charge-Offs / Loans1.57%1.13%1.29%2.97%1.79%+22 bps
Allowance / Loans1.11%1.12%1.08%1.06%1.08%-3 bps
Allowance Coverage of NPLs0.3x0.3x0.3x0.4x0.5x+0.2x
Capital
Tier 1 Leverage Ratio8.92%9.10%9.04%9.01%9.29%+37 bps
Total Risk-Based Capital10.71%10.99%11.25%11.49%11.75%+104 bps
Equity / Assets9.39%9.46%9.47%9.45%9.91%+52 bps
Liquidity & Funding
Loans / Deposits96.91%94.76%91.69%89.61%92.88%-403 bps
Liquid Assets / Assets3.20%6.83%8.87%10.37%8.70%+550 bps
CRE / Total Capitaln/a291%294%286%n/an/a