PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

4.05%Q2 ’244.43%Q2 ’254.55%Q2 ’26+9%+13%

Non-interest income vs. expense

2.44%Q2 ’242.51%Q2 ’252.77%Q2 ’26+2%+14%

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 0.67%, up 8 bps year over year; NIM at 3.23%.
  • 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 (quarter, annualized)

0.67%+8 bps YoY

Net Interest Margin (quarter, annualized)

3.23%+38 bps YoY

Efficiency Ratio (quarter, annualized)

75.12%-27 bps YoY

Tier 1 Leverage Ratio

10.68%+115 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.59%0.70%3.51%0.46%0.67%+8 bps
Return on Equity8.46%9.38%43.42%5.49%7.93%-53 bps
Net Interest Margin2.86%3.04%2.94%3.05%3.23%+38 bps
Efficiency Ratio75.40%72.96%42.31%82.06%75.12%-27 bps
Non-Interest Burden2.04%2.11%-1.90%2.44%2.32%+28 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 / Loans-0.05%0.00%0.04%0.00%0.00%+5 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