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Letter portraitLegal landscapeQuarterYTD

First National Bank of Osakis, The

Osakis, MN · Cert 5221 · Financial Services Lowry Inc.

National charter · OCC · 1 affiliate bank · 1 branch (2 in holding)

Q2 2026

$97.6MAssets
$82.0MLoans
$80.9MDeposits
$9.0MEquity
Loan mix
87%RE $63.0M10%C&I $7.0M3%Consumer $2.3MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $65.5M19%Noninterest $15.5MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.88%, up 18 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.67% of loans (+24 bps YoY), with net recoveries of 0.04%.
  • Capital: tier 1 leverage ratio of 8.67%, up 6 bps from a year ago.
  • Funding: loans stand at 101.29% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

0.88%+18 bps YoY

Net Interest Margin (quarter, annualized)

3.83%+42 bps YoY

Efficiency Ratio (quarter, annualized)

70.48%-533 bps YoY

Tier 1 Leverage Ratio

8.67%+6 bps YoY

NIM

4.85%Q2 ’245.32%Q2 ’255.68%Q2 ’26+27%+12%

Non-interest income vs. expense

2.39%Q2 ’242.78%Q2 ’252.90%Q2 ’26+16%+4%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.60%0.74%0.70%0.98%1.16%0.88%0.88%+18 bps
Return on Equity9.17%6.71%8.35%7.76%10.72%12.38%9.35%9.43%+166 bps
Net Interest Margin2.80%3.10%3.22%3.41%3.60%3.77%3.65%3.83%+42 bps
Efficiency Ratio77.20%75.55%72.58%75.81%67.97%63.43%71.20%70.48%-533 bps
Non-Interest Burden2.06%2.24%2.22%2.47%2.31%2.25%2.47%2.56%+9 bps
Growth
Asset Growth (YoY)0.81%1.46%3.03%3.50%1.95%1.97%2.97%3.02%-48 bps
Loan Growth (YoY)1.27%4.22%4.73%5.30%4.57%3.33%6.54%5.92%+62 bps
Deposit Growth (YoY)0.25%5.49%3.86%3.86%1.22%-1.15%4.46%6.06%+219 bps
Asset Quality
Nonperforming Loans / Loans0.88%0.63%0.67%0.43%0.43%0.60%0.41%0.67%+24 bps
Net Charge-Offs / Loans0.00%0.06%0.00%-0.02%-0.01%-0.01%0.00%-0.04%-2 bps
Allowance / Loans0.96%0.94%0.94%0.92%0.92%0.92%0.89%0.92%-1 bps
Allowance Coverage of NPLs1.1x1.5x1.4x2.1x2.2x1.5x2.2x1.4x-0.8x
Capital
Tier 1 Leverage Ratio8.64%8.63%8.64%8.61%8.68%8.79%8.96%8.67%+6 bps
Total Risk-Based Capital12.57%12.46%12.53%11.85%12.38%12.57%11.98%11.74%-11 bps
Equity / Assets9.12%8.78%9.04%8.93%9.34%9.46%9.42%9.25%+33 bps
Liquidity & Funding
Loans / Deposits97.58%95.55%98.96%101.43%100.82%99.88%100.93%101.29%-13 bps
Liquid Assets / Assets0.38%0.34%0.37%0.41%0.35%0.35%0.51%0.34%-6 bps
CRE / Total Capitaln/an/an/an/a260%262%259%n/an/a