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First Bank Elk River

Elk River, MN · Cert 5136 · First Natl Finl Services Inc.

State charter, non-member · FDIC · 4 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 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

25

Q2 2024Q2 2026peer median (50)

Asset Quality

75

Q2 2024Q2 2026peer median (50)

Profitability

17

Q2 2024Q2 2026peer median (50)

Liquidity

2

Q2 2024Q2 2026peer median

Efficiency

8

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 Bank Elk River

Elk River, MN · Cert 5136 · First Natl Finl Services Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$369.2MAssets
$274.8MLoans
$269.9MDeposits
$31.2MEquity
Loan mix
84%RE $225.8M14%C&I $36.5M2%Consumer $6.3MQ2 2025Q2 2026
Deposit mix
70%Interest-bearing $188.6M30%Noninterest $81.3MQ2 2025Q2 2026

NIM

3.95%Q2 ’244.27%Q2 ’254.51%Q2 ’26+7%+14%

Non-interest income vs. expense

2.49%Q2 ’242.52%Q2 ’252.81%Q2 ’260%+16%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #55 of 125 inst. · $0.3B of $253.2B

9.5% Sherburne
1.3% Anoka
0.0% Hennepin

Executive Summary

  • Earnings: ROA of 0.57%, up 6 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.53% of loans (+33 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.68%, up 115 bps from a year ago.
  • Funding: loans stand at 101.80% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.57%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+39 bps YoY

Efficiency Ratio (YTD, annualized)

78.49%+20 bps YoY

Tier 1 Leverage Ratio

10.68%+115 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.51%0.57%1.30%0.46%0.57%+6 bps
Return on Equity7.34%8.03%17.65%5.49%6.71%-63 bps
Net Interest Margin2.77%2.90%2.91%3.05%3.16%+39 bps
Efficiency Ratio78.28%76.45%60.91%82.06%78.49%+20 bps
Non-Interest Burden2.07%2.11%1.11%2.44%2.39%+32 bps
Growth
Asset Growth (YoY)0.20%-2.17%1.94%-0.13%1.97%+177 bps
Loan Growth (YoY)1.47%1.61%1.97%1.42%3.27%+181 bps
Deposit Growth (YoY)-2.39%-0.53%-6.95%-5.12%-1.04%+135 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.20%0.18%0.54%0.53%+33 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.00%0 bps
Allowance / Loans0.97%0.98%0.95%0.95%0.95%-2 bps
Allowance Coverage of NPLs4.9x4.8x5.4x1.8x1.8x-3.1x
Capital
Tier 1 Leverage Ratio9.53%9.90%10.68%10.46%10.68%+115 bps
Total Risk-Based Capital9.53%9.90%10.68%10.46%10.68%+115 bps
Equity / Assets7.12%7.72%8.42%8.52%8.44%+133 bps
Liquidity & Funding
Loans / Deposits97.55%93.69%98.97%98.75%101.80%+425 bps
Liquid Assets / Assets0.16%0.09%0.07%0.07%0.34%+18 bps
CRE / Total Capitaln/a529%498%497%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 Bank Elk River

Elk River, MN · Cert 5136 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · First Natl Finl Services Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$369.2MAssets
$274.8MLoans
$269.9MDeposits
$31.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 13 of 53).
  • Widest gap: efficiency ratio trails 92% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 50 of 53).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.56%

Rank 45 of 53

Net Interest Margin

3.16%

Rank 44 of 53

Efficiency Ratio

78.49%

Rank 50 of 53

Equity / Assets

8.44%

Rank 33 of 53

Non-interest income vs. expense

$1.6M$10.4MINCOMEEXPENSE
Unfavorable gap of $8.9M · efficiency ratio beats 8% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 78.49%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.56%0.73%1.11%1.30%Beats 15%45 / 53
Return on Equity6.65%7.88%12.20%14.12%Beats 19%43 / 53
Net Interest Margin3.16%3.39%3.77%4.09%Beats 17%44 / 53
Efficiency Ratio78.49%56.05%65.05%71.57%Beats 8%50 / 53
Asset Quality
Nonperforming Loans / Loans0.53%0.14%0.52%1.20%Beats 49%28 / 53
Net Charge-Offs / Loans0.00%0.00%0.01%0.08%Beats 100%13 / 53
Capital
Tier 1 Capital Ratio10.68%10.73%12.98%15.08%Beats 23%41 / 53
Total Risk-Based Capital Ratio10.68%11.49%13.79%16.34%Beats 13%46 / 53
Equity / Assets8.44%8.08%9.25%10.72%Beats 38%33 / 53
Liquidity & Funding
Loans / Deposits101.80%72.13%82.29%93.80%85th pctl8 / 53
Loans / Assets74.42%63.64%71.80%79.37%60th pctl21 / 53
Brokered Deposits / Depositsn/aNot reported for this institution