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First National Bank Minnesota

Saint Peter, MN · Cert 5247 · Bancommunity Service Corp.

National charter · OCC · 4 branches

Q2 2026

$437.8MAssets
$328.7MLoans
$373.1MDeposits
$43.3MEquity
Loan mix
84%RE $253.1M14%C&I $42.1M2%Consumer $6.2MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $295.2M21%Noninterest $77.9MQ2 2025Q2 2026

NIM

4.78%Q2 ’244.94%Q2 ’255.14%Q2 ’26+12%+10%

Non-interest income vs. expense

2.63%Q2 ’242.73%Q2 ’252.86%Q2 ’26+4%+12%

Market Position · Mankato, MN · 2026 SOD (annual) · 6.3% share · #5 of 19 inst. · $0.2B of $3.5B

4.5% Scott
15.0% Nicollet
3.8% Blue Earth
7.3% Sibley

Executive Summary

  • Earnings: ROA of 1.17%, up 82 bps year over year; NIM at 3.99%.
  • Asset quality: problem loans at 1.12% of loans (-22 bps YoY), with net charge-offs at 0.14%.
  • Capital: tier 1 leverage ratio of 9.81%, up 89 bps from a year ago.
  • Funding: loans stand at 88.09% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.17%+82 bps YoY

Net Interest Margin (quarter, annualized)

3.99%+37 bps YoY

Efficiency Ratio (quarter, annualized)

66.46%+89 bps YoY

Tier 1 Leverage Ratio

9.81%+89 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.35%1.13%1.26%1.22%1.17%+82 bps
Return on Equity4.10%12.36%13.35%12.56%11.74%+764 bps
Net Interest Margin3.62%3.59%3.69%3.78%3.99%+37 bps
Efficiency Ratio65.57%63.48%63.13%63.31%66.46%+89 bps
Non-Interest Burden2.24%2.07%2.12%2.17%2.51%+27 bps
Growth
Asset Growth (YoY)-3.21%-3.55%-1.17%-1.05%0.37%+358 bps
Loan Growth (YoY)-5.24%-4.29%-0.35%0.91%0.59%+582 bps
Deposit Growth (YoY)-4.71%-4.12%-1.80%-2.29%2.01%+672 bps
Asset Quality
Nonperforming Loans / Loans1.34%1.42%1.36%1.31%1.12%-22 bps
Net Charge-Offs / Loans1.76%0.29%0.01%0.24%0.14%-162 bps
Allowance / Loans1.45%1.40%1.34%1.32%1.29%-16 bps
Allowance Coverage of NPLs1.1x1.0x1.0x1.0x1.2x+0.1x
Capital
Tier 1 Leverage Ratio8.93%9.31%9.37%9.85%9.81%+89 bps
Total Risk-Based Capital13.24%13.76%13.65%14.26%14.43%+120 bps
Equity / Assets8.84%9.38%9.44%10.03%9.89%+106 bps
Liquidity & Funding
Loans / Deposits89.34%89.34%87.65%89.30%88.09%-125 bps
Liquid Assets / Assets0.70%0.52%1.16%0.56%0.66%-4 bps
CRE / Total Capitaln/a337%338%326%n/an/a