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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 $3.0MQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $96.2M25%Noninterest $31.8MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.98%1.07%1.10%1.20%1.30%+32 bps
Return on Equity17.04%17.71%17.55%16.44%18.05%+101 bps
Net Interest Margin3.46%3.78%3.86%3.92%3.77%+31 bps
Efficiency Ratio56.51%56.61%57.59%56.71%55.70%-81 bps
Non-Interest Burden1.79%1.95%2.04%2.05%1.91%+11 bps
Growth
Asset Growth (YoY)5.62%-3.44%-0.24%-5.97%5.41%-22 bps
Loan Growth (YoY)2.92%-0.28%-0.60%4.33%4.74%+182 bps
Deposit Growth (YoY)13.85%3.70%-2.30%-7.79%4.57%-928 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.44%0.33%0.30%0.25%-20 bps
Net Charge-Offs / Loans0.86%0.75%0.68%-0.02%0.02%-83 bps
Allowance / Loans1.40%1.31%1.23%1.32%1.35%-6 bps
Allowance Coverage of NPLs3.1x3.0x3.8x4.5x5.4x+2.3x
Capital
Tier 1 Leverage Ratio7.72%8.62%8.77%8.75%8.54%+82 bps
Total Risk-Based Capital13.86%13.70%13.75%14.35%14.59%+74 bps
Equity / Assets6.25%7.01%7.30%7.25%7.03%+78 bps
Liquidity & Funding
Loans / Deposits73.45%79.86%81.17%78.65%73.57%+12 bps
Liquid Assets / Assets11.39%6.35%5.33%7.80%6.91%-449 bps
CRE / Total Capitaln/a209%206%190.15%n/an/a