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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 $1.9MQ3 2024Q2 2026
Deposit mix
63%Interest-bearing $45.9M37%Noninterest $26.6MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.68%, up 78 bps year over year; NIM at 4.03%.
  • 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.

Return on Assets (quarter, annualized)

1.68%+78 bps YoY

Net Interest Margin (quarter, annualized)

4.03%+38 bps YoY

Efficiency Ratio (quarter, annualized)

49.50%-194 bps YoY

Tier 1 Leverage Ratio

14.06%+150 bps YoY

NIM

4.44%Q2 ’244.23%Q2 ’254.57%Q2 ’26-3%+10%

Non-interest income vs. expense

1.99%Q2 ’242.04%Q2 ’252.10%Q2 ’26+2%+9%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.86%1.11%1.25%0.90%2.31%1.49%1.60%1.68%+78 bps
Return on Equity14.84%8.50%10.04%7.42%17.69%10.98%11.78%11.90%+448 bps
Net Interest Margin4.04%3.72%3.48%3.65%4.02%4.09%3.97%4.03%+38 bps
Efficiency Ratio46.10%55.92%58.36%51.44%40.99%55.71%50.28%49.50%-194 bps
Non-Interest Burden1.62%1.89%1.85%1.66%1.01%2.10%1.80%1.81%+15 bps
Growth
Asset Growth (YoY)-0.83%-4.77%2.16%1.55%1.86%7.99%4.92%5.52%+397 bps
Loan Growth (YoY)7.42%1.73%4.80%-0.59%-6.65%-0.01%-5.66%-0.34%+25 bps
Deposit Growth (YoY)-3.40%-5.60%0.39%0.73%1.64%7.74%4.14%3.49%+276 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.29%2.57%0.00%0.80%0.05%0.05%0.08%+8 bps
Net Charge-Offs / Loans0.09%0.01%0.37%0.49%0.00%0.00%0.00%0.00%-49 bps
Allowance / Loans1.02%1.28%1.19%1.15%1.17%1.15%1.21%1.15%0 bps
Allowance Coverage of NPLs3.3x4.4x0.5xn/a1.5x23.5x23.2x13.7xn/a
Capital
Tier 1 Leverage Ratio12.89%13.36%12.15%12.56%13.25%13.56%13.85%14.06%+150 bps
Total Risk-Based Capital19.31%21.65%19.54%21.14%22.01%23.47%25.28%25.87%+473 bps
Equity / Assets13.13%13.08%11.81%12.59%13.56%13.49%13.72%14.52%+194 bps
Liquidity & Funding
Loans / Deposits58.66%56.94%54.36%54.43%53.88%52.85%49.25%52.42%-201 bps
Liquid Assets / Assets10.76%12.68%19.25%18.96%19.70%20.32%16.89%15.89%-307 bps
CRE / Total Capitaln/an/an/an/a50.69%36.84%37.61%n/an/a