PackageTrendsPeer
Letter portraitLegal landscape

First Security Bank - Canby

Canby, MN · Cert 5107 · First Sleepy Eye Bcorp Inc.

State charter, non-member · FDIC · 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

87

Q2 2024Q2 2026peer median (50)

Asset Quality

89

Q2 2024Q2 2026peer median (50)

Profitability

63

Q2 2024Q2 2026peer median (50)

Liquidity

16

Q2 2024Q2 2026peer median

Efficiency

88

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 Security Bank - Canby

Canby, MN · Cert 5107 · First Sleepy Eye Bcorp Inc.

State charter, non-member · FDIC · 1 affiliate bank · 2 branches (7 in holding)

Q2 2026

$85.2MAssets
$38.0MLoans
$72.5MDeposits
$12.4MEquity
Loan mix
67%RE $20.2M26%C&I $7.9M6%Consumer $1.9MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $45.9M37%Noninterest $26.6MQ2 2025Q2 2026

NIM

4.36%Q2 ’244.15%Q2 ’254.48%Q2 ’26-4%+10%

Non-interest income vs. expense

1.96%Q2 ’242.13%Q2 ’252.09%Q2 ’26+10%+1%

Executive Summary

  • Earnings: ROA of 1.64%, up 56 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 0.08% of loans (+8 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.06%, up 150 bps from a year ago.
  • Funding: loans stand at 52.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.64%+56 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+37 bps YoY

Efficiency Ratio (YTD, annualized)

49.89%-494 bps YoY

Tier 1 Leverage Ratio

14.06%+150 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.08%1.49%1.49%1.60%1.64%+56 bps
Return on Equity8.64%11.69%11.53%11.78%11.81%+317 bps
Net Interest Margin3.58%3.71%3.78%3.97%3.95%+37 bps
Efficiency Ratio54.83%49.40%51.01%50.28%49.89%-494 bps
Non-Interest Burden1.76%1.50%1.64%1.80%1.78%+2 bps
Growth
Asset Growth (YoY)1.55%1.86%7.99%4.92%5.52%+397 bps
Loan Growth (YoY)-0.59%-6.65%-0.01%-5.66%-0.34%+25 bps
Deposit Growth (YoY)0.73%1.64%7.74%4.14%3.49%+276 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.80%0.05%0.05%0.08%+8 bps
Net Charge-Offs / Loans0.44%0.29%0.21%0.00%0.00%-44 bps
Allowance / Loans1.15%1.17%1.15%1.21%1.15%0 bps
Allowance Coverage of NPLsn/a1.5x23.5x23.2x13.7xn/a
Capital
Tier 1 Leverage Ratio12.56%13.25%13.56%13.85%14.06%+150 bps
Total Risk-Based Capital21.14%22.01%23.47%25.28%25.87%+473 bps
Equity / Assets12.59%13.56%13.49%13.72%14.52%+194 bps
Liquidity & Funding
Loans / Deposits54.43%53.88%52.85%49.25%52.42%-201 bps
Liquid Assets / Assets18.96%19.70%20.32%16.89%15.89%-307 bps
CRE / Total Capitaln/a50.69%36.84%37.61%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 Security Bank - Canby

Canby, MN · Cert 5107 · Peer group: banks under $1B in assets in MN (n=111-113) · First Sleepy Eye Bcorp Inc.

State charter, non-member · FDIC · 1 affiliate bank · 2 branches (7 in holding)

Q2 2026

$85.2MAssets
$38.0MLoans
$72.5MDeposits
$12.4MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: return on equity trails 50% of banks under $1B in assets in MN (rank 56 of 113).
  • Overall: at or above the peer median on 9 of 9 directional measures.

Return on Assets

1.65%

Rank 17 of 113

Net Interest Margin

3.95%

Rank 51 of 113

Efficiency Ratio

49.89%

Rank 14 of 113

Equity / Assets

14.52%

Rank 17 of 113

Non-interest income vs. expense

$0.3M$1.8MINCOMEEXPENSE
Unfavorable gap of $1.5M · efficiency ratio beats 88% of banks under $1B in assets in MN
Bank 49.89%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.65%0.87%1.20%1.41%Beats 85%17 / 113
Return on Equity11.36%8.92%11.27%13.99%Beats 50%56 / 113
Net Interest Margin3.95%3.42%3.88%4.31%Beats 55%51 / 113
Efficiency Ratio49.89%54.13%61.48%69.86%Beats 88%14 / 113
Asset Quality
Nonperforming Loans / Loans0.08%0.09%0.58%1.82%Beats 77%27 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio24.90%11.53%13.31%18.13%Beats 89%12 / 113
Total Risk-Based Capital Ratio25.87%12.12%14.43%19.39%Beats 88%13 / 113
Equity / Assets14.52%8.52%10.10%11.94%Beats 85%17 / 113
Liquidity & Funding
Loans / Deposits52.42%62.08%77.32%88.06%12th pctl98 / 111
Loans / Assets44.63%55.01%66.35%75.50%13th pctl98 / 113
Brokered Deposits / Depositsn/aNot reported for this institution