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First National Bank of Cokato, The

Cokato, MN · Cert 5115 · Knoff Bancshares Inc.

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

40

Q2 2024Q2 2026peer median (50)

Asset Quality

48

Q2 2024Q2 2026peer median (50)

Profitability

69

Q2 2024Q2 2026peer median (50)

Liquidity

70

Q2 2024Q2 2026peer median

Efficiency

77

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 of Cokato, The

Cokato, MN · Cert 5115 · Knoff Bancshares Inc.

National charter · OCC · 1 branch

Q2 2026

$138.2MAssets
$94.2MLoans
$128.1MDeposits
$9.7MEquity
Loan mix
76%RE $67.8M21%C&I $18.7M3%Consumer $3.0MQ3 2024Q2 2026
Deposit mix
75%Interest-bearing $96.2M25%Noninterest $31.8MQ3 2024Q2 2026

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #79 of 125 inst. · $0.1B of $253.2B

Executive Summary

  • Earnings: ROA of 1.30%, up 32 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.25% of loans (-20 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.54%, up 82 bps from a year ago.
  • Funding: loans stand at 73.57% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.30%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.77%+31 bps YoY

Efficiency Ratio (YTD, annualized)

55.70%-81 bps YoY

Tier 1 Leverage Ratio

8.54%+82 bps YoY

NIM

5.07%Q2 ’245.34%Q2 ’255.42%Q2 ’26+4%+9%

Non-interest income vs. expense

2.16%Q2 ’242.16%Q2 ’252.34%Q2 ’26+3%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.89%0.87%0.84%0.98%1.07%1.10%1.20%1.30%+32 bps
Return on Equity17.87%17.23%15.44%17.04%17.71%17.55%16.44%18.05%+101 bps
Net Interest Margin3.30%3.36%3.37%3.46%3.78%3.86%3.92%3.77%+31 bps
Efficiency Ratio56.53%57.35%58.15%56.51%56.61%57.59%56.71%55.70%-81 bps
Non-Interest Burden1.67%1.74%1.82%1.79%1.95%2.04%2.05%1.91%+11 bps
Growth
Asset Growth (YoY)1.55%-1.77%8.40%5.62%-3.44%-0.24%-5.97%5.41%-22 bps
Loan Growth (YoY)19.10%11.31%4.08%2.92%-0.28%-0.60%4.33%4.74%+182 bps
Deposit Growth (YoY)-0.16%12.31%21.82%13.85%3.70%-2.30%-7.79%4.57%-928 bps
Asset Quality
Nonperforming Loans / Loans1.46%1.31%1.22%0.45%0.44%0.33%0.30%0.25%-20 bps
Net Charge-Offs / Loans0.28%0.35%1.06%0.86%0.75%0.68%-0.02%0.02%-83 bps
Allowance / Loans1.44%1.42%1.41%1.40%1.31%1.23%1.32%1.35%-6 bps
Allowance Coverage of NPLs1.0x1.1x1.2x3.1x3.0x3.8x4.5x5.4x+2.3x
Capital
Tier 1 Leverage Ratio7.74%7.86%7.68%7.72%8.62%8.77%8.75%8.54%+82 bps
Total Risk-Based Capital12.63%12.75%13.18%13.86%13.70%13.75%14.35%14.59%+74 bps
Equity / Assets5.64%5.43%5.50%6.25%7.01%7.30%7.25%7.03%+78 bps
Liquidity & Funding
Loans / Deposits83.06%79.79%69.51%73.45%79.86%81.17%78.65%73.57%+12 bps
Liquid Assets / Assets2.85%2.92%2.52%11.39%6.35%5.33%7.80%6.91%-449 bps
CRE / Total Capitaln/an/an/an/a209%206%190.15%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 of Cokato, The

Cokato, MN · Cert 5115 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Knoff Bancshares Inc.

National charter · OCC · 1 branch

Q2 2026

$138.2MAssets
$94.2MLoans
$128.1MDeposits
$9.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 89% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 6 of 53).
  • Widest gap: equity / assets trails 92% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 49 of 53).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.23%

Rank 17 of 53

Net Interest Margin

3.77%

Rank 27 of 53

Efficiency Ratio

55.70%

Rank 13 of 53

Equity / Assets

7.03%

Rank 49 of 53

Non-interest income vs. expense

$0.6M$3.1MINCOMEEXPENSE
Unfavorable gap of $2.6M · efficiency ratio beats 77% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 55.70%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.23%0.73%1.11%1.30%Beats 68%17 / 53
Return on Equity17.44%7.88%12.20%14.12%Beats 89%6 / 53
Net Interest Margin3.77%3.39%3.77%4.09%Beats 49%27 / 53
Efficiency Ratio55.70%56.05%65.05%71.57%Beats 77%13 / 53
Asset Quality
Nonperforming Loans / Loans0.25%0.14%0.52%1.20%Beats 62%21 / 53
Net Charge-Offs / Loans0.04%0.00%0.01%0.08%Beats 34%37 / 53
Capital
Tier 1 Capital Ratio13.34%10.73%12.98%15.08%Beats 55%24 / 53
Total Risk-Based Capital Ratio14.59%11.49%13.79%16.34%Beats 58%22 / 53
Equity / Assets7.03%8.08%9.25%10.72%Beats 8%49 / 53
Liquidity & Funding
Loans / Deposits73.57%72.13%82.29%93.80%30th pctl37 / 53
Loans / Assets68.20%63.64%71.80%79.37%36th pctl34 / 53
Brokered Deposits / Depositsn/aNot reported for this institution