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Letter portraitLegal landscapeQuarterYTD

First National Bank of Proctor, The

Proctor, MN · Cert 5232

National charter · OCC · 1 branch

Q2 2026

$34.0MAssets
$13.9MLoans
$31.1MDeposits
$2.9MEquity
Loan mix
90%RE $12.3M2%C&I $0.2M8%Consumer $1.1MQ3 2024Q2 2026
Deposit mix
71%Interest-bearing $22.2M29%Noninterest $8.9MQ3 2024Q2 2026

Market Position · Duluth, MN-WI · 2026 SOD (annual) · 0.5% share · #22 of 26 inst. · $0.0B of $6.6B

Executive Summary

  • Earnings: ROA of 0.57%, up 6 bps year over year; NIM at 3.40%.
  • 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 8.47%, up 23 bps from a year ago.
  • Funding: loans stand at 44.73% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.57%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+9 bps YoY

Efficiency Ratio (YTD, annualized)

77.12%-248 bps YoY

Tier 1 Leverage Ratio

8.47%+23 bps YoY

NIM

3.98%Q2 ’244.09%Q2 ’254.25%Q2 ’260%+3%

Non-interest income vs. expense

3.44%Q2 ’242.78%Q2 ’252.74%Q2 ’26-18%0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.23%0.27%0.56%0.51%0.60%0.45%0.59%0.57%+6 bps
Return on Equity3.02%3.47%7.33%6.60%7.65%5.65%7.25%6.93%+33 bps
Net Interest Margin3.30%3.32%3.38%3.31%3.33%3.38%3.32%3.40%+9 bps
Efficiency Ratio91.23%89.88%78.11%79.60%77.14%82.79%75.92%77.12%-248 bps
Non-Interest Burden2.99%2.96%2.59%2.60%2.53%2.77%2.49%2.58%-1 bps
Growth
Asset Growth (YoY)3.27%3.87%6.99%10.93%10.75%7.42%3.52%0.35%-1,058 bps
Loan Growth (YoY)0.85%-0.66%-2.72%-4.52%-7.64%-7.95%-8.72%-4.83%-31 bps
Deposit Growth (YoY)1.60%3.84%6.77%10.54%10.55%6.62%2.98%-0.12%-1,066 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.07%0.06%0.05%0.05%0.04%0.04%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 / Loans0.61%0.62%0.63%0.65%0.67%0.68%0.69%0.68%+3 bps
Allowance Coverage of NPLs8.5x9.4x10.6x11.9x13.6x15.7x18.8xn/an/a
Capital
Tier 1 Leverage Ratio8.54%8.58%8.48%8.24%8.24%8.28%8.49%8.47%+23 bps
Total Risk-Based Capital22.51%23.41%23.31%24.85%25.47%25.73%25.75%26.18%+134 bps
Equity / Assets8.06%7.61%7.73%7.98%8.11%8.20%8.10%8.41%+43 bps
Liquidity & Funding
Loans / Deposits54.12%50.89%48.73%46.94%45.21%43.94%43.20%44.73%-221 bps
Liquid Assets / Assets15.61%14.36%13.45%15.01%16.61%17.08%13.91%14.13%-88 bps
CRE / Total Capitaln/an/an/an/a45.63%44.06%42.28%n/an/a