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First National Bank of Fairfax, The

Fairfax, MN · Cert 5142 · Fort Ridgely Natl Bcorp Inc.

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 in MN3

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 MN (n=111 to 113). 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

95

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

29

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

31

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 National Bank of Fairfax, The

Fairfax, MN · Cert 5142 · Fort Ridgely Natl Bcorp Inc.

National charter · OCC · 1 branch

Q2 2026

$35.6MAssets
$9.8MLoans
$21.9MDeposits
$13.6MEquity
Loan mix
84%RE $4.7M15%C&I $0.8M2%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
65%Interest-bearing $14.3M35%Noninterest $7.7MQ2 2025Q2 2026

NIM

4.96%Q2 ’244.69%Q2 ’254.22%Q2 ’26-7%-11%

Non-interest income vs. expense

2.62%Q2 ’242.89%Q2 ’252.67%Q2 ’26+16%-10%

Executive Summary

  • Earnings: ROA of 1.03%, down 14 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 8.68% of loans (+587 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 38.46%, up 213 bps from a year ago.
  • Funding: loans stand at 44.58% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.03%-14 bps YoY

Net Interest Margin (YTD, annualized)

3.77%-45 bps YoY

Efficiency Ratio (YTD, annualized)

66.95%+105 bps YoY

Tier 1 Leverage Ratio

38.46%+213 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.17%1.19%1.05%1.13%1.03%-14 bps
Return on Equity3.27%3.30%2.91%2.99%2.71%-56 bps
Net Interest Margin4.22%4.21%4.15%3.59%3.77%-45 bps
Efficiency Ratio65.90%65.15%69.18%63.01%66.95%+105 bps
Non-Interest Burden2.72%2.68%2.82%2.18%2.45%-27 bps
Growth
Asset Growth (YoY)2.18%-1.17%-6.16%-7.65%-3.99%-617 bps
Loan Growth (YoY)-22.92%-24.76%-33.25%-22.73%-13.05%+987 bps
Deposit Growth (YoY)1.72%-3.28%-9.40%-11.91%-6.12%-784 bps
Asset Quality
Nonperforming Loans / Loans2.81%2.80%4.29%9.52%8.68%+587 bps
Net Charge-Offs / Loans-0.02%-0.02%-0.02%0.00%-0.02%0 bps
Allowance / Loans3.51%3.59%3.84%4.02%4.06%+55 bps
Allowance Coverage of NPLs1.3x1.3x0.9x0.4x0.5x-0.8x
Capital
Tier 1 Leverage Ratio36.33%36.94%35.90%37.26%38.46%+213 bps
Total Risk-Based Capital36.33%36.94%35.90%37.26%38.46%+213 bps
Equity / Assets36.74%37.45%36.98%38.80%38.18%+144 bps
Liquidity & Funding
Loans / Deposits48.13%48.29%45.25%46.33%44.58%-355 bps
Liquid Assets / Assets66.38%66.00%66.13%67.64%69.70%+332 bps
CRE / Total Capitaln/a21.44%21.18%21.12%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 National Bank of Fairfax, The

Fairfax, MN · Cert 5142 · Peer group: banks under $1B in assets in MN (n=111-113) · Fort Ridgely Natl Bcorp Inc.

National charter · OCC · 1 branch

Q2 2026

$35.6MAssets
$9.8MLoans
$21.9MDeposits
$13.6MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: nonperforming loans / loans trails 98% of banks under $1B in assets in MN (rank 110 of 111).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.03%

Rank 71 of 113

Net Interest Margin

3.77%

Rank 65 of 113

Efficiency Ratio

66.95%

Rank 79 of 113

Equity / Assets

38.18%

Rank 3 of 113

Non-interest income vs. expense

$76K$944KINCOMEEXPENSE
Unfavorable gap of $868K · efficiency ratio beats 31% of banks under $1B in assets in MN
Bank 66.95%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.03%0.87%1.20%1.41%Beats 37%71 / 113
Return on Equity2.69%8.92%11.27%13.99%Beats 7%105 / 113
Net Interest Margin3.77%3.42%3.88%4.31%Beats 42%65 / 113
Efficiency Ratio66.95%54.13%61.48%69.86%Beats 31%79 / 113
Asset Quality
Nonperforming Loans / Loans8.68%0.09%0.58%1.82%Beats 2%110 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio38.46%11.53%13.31%18.13%Beats 94%7 / 113
Total Risk-Based Capital Ratio38.46%12.12%14.43%19.39%Beats 94%7 / 113
Equity / Assets38.18%8.52%10.10%11.94%Beats 97%3 / 113
Liquidity & Funding
Loans / Deposits44.58%62.08%77.32%88.06%7th pctl103 / 111
Loans / Assets27.43%55.01%66.35%75.50%4th pctl109 / 113
Brokered Deposits / Depositsn/aNot reported for this institution