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Miners National Bank of Eveleth, The

Eveleth, MN · Cert 5141

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 operating in a single state3

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 operating in a single state (n=743 to 746). 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

70

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

57

Q2 2024Q2 2026peer median (50)

Liquidity

97

Q2 2024Q2 2026peer median

Efficiency

47

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

Miners National Bank of Eveleth, The

Eveleth, MN · Cert 5141

National charter · OCC · 1 branch

Q2 2026

$96.6MAssets
$65.2MLoans
$84.4MDeposits
$9.5MEquity
Loan mix
94%RE $62.1M2%C&I $1.6M4%Consumer $2.5MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $64.1M24%Noninterest $20.3MQ2 2025Q2 2026

NIM

4.90%Q2 ’245.21%Q2 ’255.48%Q2 ’26-3%+6%

Non-interest income vs. expense

2.77%Q2 ’242.98%Q2 ’252.78%Q2 ’26+8%-7%

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 1.3% share · #13 of 26 inst. · $0.1B of $6.6B

Executive Summary

  • Earnings: ROA of 1.03%, up 31 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (-5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.07%, up 26 bps from a year ago.
  • Funding: loans stand at 77.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.03%+31 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+23 bps YoY

Efficiency Ratio (YTD, annualized)

65.58%-892 bps YoY

Tier 1 Leverage Ratio

10.07%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.72%0.81%0.64%1.06%1.03%+31 bps
Return on Equity7.67%8.46%6.73%11.36%10.89%+322 bps
Net Interest Margin3.85%3.85%3.88%3.85%4.09%+23 bps
Efficiency Ratio74.51%72.86%78.61%63.61%65.58%-892 bps
Non-Interest Burden2.83%2.77%3.03%2.39%2.63%-21 bps
Growth
Asset Growth (YoY)2.97%-1.29%5.43%8.76%8.41%+545 bps
Loan Growth (YoY)-0.84%-0.42%0.89%1.07%0.36%+120 bps
Deposit Growth (YoY)2.82%-2.24%5.28%9.05%8.71%+589 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.05%0.00%0.31%0.00%-5 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.10%1.09%1.08%1.07%1.10%0 bps
Allowance Coverage of NPLs23.8x23.8xn/a3.4xn/an/a
Capital
Tier 1 Leverage Ratio9.81%9.71%9.49%9.43%10.07%+26 bps
Total Risk-Based Capital21.00%21.09%21.19%21.18%22.16%+116 bps
Equity / Assets9.90%9.77%9.14%9.46%9.84%-5 bps
Liquidity & Funding
Loans / Deposits83.68%81.32%75.58%77.66%77.25%-643 bps
Liquid Assets / Assets9.72%11.19%16.22%11.37%12.80%+308 bps
CRE / Total Capitaln/a78.74%68.16%75.45%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

Miners National Bank of Eveleth, The

Eveleth, MN · Cert 5141 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

National charter · OCC · 1 branch

Q2 2026

$96.6MAssets
$65.2MLoans
$84.4MDeposits
$9.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets operating in a single state (rank 105 of 743).
  • Widest gap: equity / assets trails 60% of banks under $1B in assets operating in a single state (rank 450 of 746).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.05%

Rank 383 of 746

Net Interest Margin

4.09%

Rank 212 of 746

Efficiency Ratio

65.58%

Rank 395 of 746

Equity / Assets

9.84%

Rank 450 of 746

Non-interest income vs. expense

$0.1M$2.7MINCOMEEXPENSE
Unfavorable gap of $2.5M · efficiency ratio beats 47% of banks under $1B in assets operating in a single state
Bank 65.58%Peer median 64.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.05%0.72%1.06%1.45%Beats 49%383 / 746
Return on Equity10.65%6.74%10.51%13.63%Beats 51%363 / 746
Net Interest Margin4.09%3.17%3.68%4.16%Beats 72%212 / 746
Efficiency Ratio65.58%55.74%64.58%75.47%Beats 47%395 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 100%105 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 100%185 / 743
Capital
Tier 1 Capital Ratio20.90%11.55%13.75%17.60%Beats 85%114 / 746
Total Risk-Based Capital Ratio22.16%11.71%14.33%18.43%Beats 85%109 / 746
Equity / Assets9.84%8.90%10.51%13.06%Beats 40%450 / 746
Liquidity & Funding
Loans / Deposits77.25%61.31%78.27%90.78%48th pctl386 / 746
Loans / Assets67.46%53.60%66.97%76.08%51st pctl362 / 746
Brokered Deposits / Depositsn/aNot reported for this institution