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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 $2.5MQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $64.1M24%Noninterest $20.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.97%0.82%0.70%0.72%0.81%0.64%1.06%1.03%+31 bps
Return on Equity11.05%9.37%7.57%7.67%8.46%6.73%11.36%10.89%+322 bps
Net Interest Margin4.06%3.86%3.94%3.85%3.85%3.88%3.85%4.09%+23 bps
Efficiency Ratio67.52%72.79%76.56%74.51%72.86%78.61%63.61%65.58%-892 bps
Non-Interest Burden2.70%2.78%2.98%2.83%2.77%3.03%2.39%2.63%-21 bps
Growth
Asset Growth (YoY)2.60%3.25%0.95%2.97%-1.29%5.43%8.76%8.41%+545 bps
Loan Growth (YoY)1.62%0.19%1.92%-0.84%-0.42%0.89%1.07%0.36%+120 bps
Deposit Growth (YoY)3.44%0.35%-2.15%2.82%-2.24%5.28%9.05%8.71%+589 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.05%0.05%0.00%0.31%0.00%-5 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.06%1.07%1.08%1.10%1.09%1.08%1.07%1.10%0 bps
Allowance Coverage of NPLsn/an/an/a23.8x23.8xn/a3.4xn/an/a
Capital
Tier 1 Leverage Ratio9.58%9.15%9.52%9.81%9.71%9.49%9.43%10.07%+26 bps
Total Risk-Based Capital19.51%20.27%20.51%21.00%21.09%21.19%21.18%22.16%+116 bps
Equity / Assets8.90%8.90%9.53%9.90%9.77%9.14%9.46%9.84%-5 bps
Liquidity & Funding
Loans / Deposits79.82%78.87%83.79%83.68%81.32%75.58%77.66%77.25%-643 bps
Liquid Assets / Assets11.89%13.73%9.59%9.72%11.19%16.22%11.37%12.80%+308 bps
CRE / Total Capitaln/an/an/an/a78.74%68.16%75.45%n/an/a