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First National Bank of Gilbert, The

Gilbert, MN · Cert 5150 · Broadway Bancshares Inc.

National charter · OCC · 2 branches

Q2 2026

$86.0MAssets
$70.0MLoans
$76.0MDeposits
$6.1MEquity
Loan mix
89%RE $60.7M6%C&I $4.1M6%Consumer $3.8MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $65.0M15%Noninterest $11.0MQ3 2024Q2 2026

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 1.1% share · #15 of 26 inst. · $0.1B of $6.6B

Executive Summary

  • Earnings: ROA of 0.66%, up 13 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.16% of loans (+3 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.12%, up 4 bps from a year ago.
  • Funding: loans stand at 92.14% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.66%+13 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+32 bps YoY

Efficiency Ratio (YTD, annualized)

74.08%-286 bps YoY

Tier 1 Leverage Ratio

7.12%+4 bps YoY

NIM

4.42%Q2 ’244.89%Q2 ’255.11%Q2 ’26+25%+10%

Non-interest income vs. expense

2.20%Q2 ’242.53%Q2 ’252.67%Q2 ’26+17%+6%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.59%0.46%0.55%0.53%0.58%0.61%0.44%0.66%+13 bps
Return on Equity8.40%6.59%7.87%7.56%8.18%8.57%6.29%9.35%+179 bps
Net Interest Margin2.60%2.71%2.97%3.13%3.22%3.25%3.35%3.45%+32 bps
Efficiency Ratio78.18%78.35%75.63%76.95%74.98%74.22%77.24%74.08%-286 bps
Non-Interest Burden1.99%2.09%2.20%2.37%2.38%2.37%2.55%2.52%+15 bps
Growth
Asset Growth (YoY)7.23%4.09%4.78%4.56%1.69%2.93%6.30%4.86%+30 bps
Loan Growth (YoY)4.25%1.69%2.85%4.13%5.51%9.00%8.00%8.05%+392 bps
Deposit Growth (YoY)15.81%13.06%14.22%10.03%3.29%2.93%9.84%8.04%-199 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.04%0.13%0.00%0.00%0.19%0.16%+3 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.03%1.05%1.03%1.01%1.01%1.03%1.07%1.05%+3 bps
Allowance Coverage of NPLsn/an/a25.3x7.8xn/an/a5.7x6.5x-1.3x
Capital
Tier 1 Leverage Ratio7.20%7.04%7.10%7.09%7.17%7.04%7.02%7.12%+4 bps
Total Risk-Based Capital14.43%14.42%14.70%14.32%14.23%13.95%14.07%13.88%-45 bps
Equity / Assets7.11%6.86%7.07%7.09%7.23%7.05%6.94%7.14%+5 bps
Liquidity & Funding
Loans / Deposits92.79%88.16%90.15%92.13%94.78%93.35%88.63%92.14%+1 bps
Liquid Assets / Assets8.19%9.00%10.76%8.40%5.38%7.33%8.95%5.95%-245 bps
CRE / Total Capitaln/an/an/an/a97.71%113.26%115.43%n/an/a