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Letter portraitLegal landscapeQuarterYTD

First National Bank of Le Center, The

Lonsdale, MN · Cert 5180 · Traxshares Inc.

National charter · OCC · 2 branches

Q2 2026

$178.2MAssets
$130.9MLoans
$139.6MDeposits
$16.3MEquity
Loan mix
80%RE $79.9M12%C&I $12.3M7%Consumer $7.1MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $118.3M15%Noninterest $21.3MQ3 2024Q2 2026

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #80 of 125 inst. · $0.1B of $253.2B

15.7% Le Sueur
0.7% Rice

Executive Summary

  • Earnings: ROA of 1.24%, up 9 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 1.72% of loans (-91 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.50%, down 21 bps from a year ago.
  • Funding: loans stand at 93.80% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.24%+9 bps YoY

Net Interest Margin (quarter, annualized)

3.53%+33 bps YoY

Efficiency Ratio (quarter, annualized)

55.25%-421 bps YoY

Tier 1 Leverage Ratio

9.50%-21 bps YoY

NIM

4.98%Q2 ’245.39%Q2 ’255.64%Q2 ’26+13%+10%

Non-interest income vs. expense

2.39%Q2 ’242.12%Q2 ’252.16%Q2 ’26-11%+1%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.74%0.46%1.08%1.15%1.16%0.32%1.37%1.24%+9 bps
Return on Equity8.07%5.01%12.14%12.55%12.51%3.58%15.87%13.73%+118 bps
Net Interest Margin2.87%3.00%3.07%3.21%3.29%3.32%3.44%3.53%+33 bps
Efficiency Ratio70.09%83.03%59.99%59.46%59.09%79.45%46.45%55.25%-421 bps
Non-Interest Burden1.90%2.42%1.69%1.76%1.79%2.57%1.41%1.78%+2 bps
Growth
Asset Growth (YoY)2.94%-5.45%1.06%6.26%10.93%13.61%8.35%7.90%+164 bps
Loan Growth (YoY)8.97%6.14%9.25%11.19%9.34%13.31%13.16%5.69%-550 bps
Deposit Growth (YoY)11.77%-7.20%0.00%4.02%11.11%14.49%1.15%0.91%-310 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.24%0.57%2.64%1.93%0.32%1.24%1.72%-91 bps
Net Charge-Offs / Loans-0.01%0.14%-0.01%-0.02%0.01%0.44%-0.01%-0.01%+1 bps
Allowance / Loans1.00%0.96%0.95%0.89%0.88%0.86%0.93%0.98%+9 bps
Allowance Coverage of NPLs2.2x4.1x1.7x0.3x0.5x2.7x0.8x0.6x+0.2x
Capital
Tier 1 Leverage Ratio10.01%9.48%9.78%9.71%9.98%8.45%9.38%9.50%-21 bps
Total Risk-Based Capital10.01%9.48%9.78%9.71%9.98%8.45%9.38%9.50%-21 bps
Equity / Assets9.38%8.80%9.03%9.34%9.26%8.39%8.90%9.14%-20 bps
Liquidity & Funding
Loans / Deposits83.28%82.00%80.70%89.56%81.96%81.15%90.28%93.80%+424 bps
Liquid Assets / Assets4.68%7.06%9.08%5.11%10.46%9.63%6.87%7.88%+277 bps
CRE / Total Capitaln/an/an/an/a98.49%105.05%105.08%n/an/a