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Minnesota National Bank

Sauk Centre, MN · Cert 5249 · Sauk Ctr Finl Services Inc.

National charter · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=748 to 752). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

34

Q2 2024Q2 2026peer median (50)

Asset Quality

59

Q2 2024Q2 2026peer median (50)

Profitability

75

Q2 2024Q2 2026peer median (50)

Liquidity

26

Q2 2024Q2 2026peer median

Efficiency

63

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Minnesota National Bank

Sauk Centre, MN · Cert 5249 · Sauk Ctr Finl Services Inc.

National charter · OCC · 3 branches

Q2 2026

$298.4MAssets
$240.8MLoans
$253.9MDeposits
$30.3MEquity
Loan mix
83%RE $180.8M14%C&I $30.5M3%Consumer $7.5MQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $217.8M14%Noninterest $36.1MQ2 2025Q2 2026

NIM

5.11%Q2 ’245.45%Q2 ’255.68%Q2 ’26+17%+18%

Non-interest income vs. expense

2.50%Q2 ’242.55%Q2 ’252.82%Q2 ’26+5%+12%

Market Position · St. Cloud, MN · 2026 SOD (annual) · 2.2% share · #13 of 32 inst. · $0.2B of $7.9B

2.4% Stearns
13.1% Todd
1.2% Otter Tail

Executive Summary

  • Earnings: ROA of 1.43%, up 24 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 0.49% of loans (+34 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.77%, up 99 bps from a year ago.
  • Funding: loans stand at 94.84% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.43%+24 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+65 bps YoY

Efficiency Ratio (YTD, annualized)

59.61%-307 bps YoY

Tier 1 Leverage Ratio

9.77%+99 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.19%1.28%1.31%1.35%1.43%+24 bps
Return on Equity13.41%14.07%14.05%13.12%14.01%+60 bps
Net Interest Margin3.57%3.69%3.82%4.09%4.22%+65 bps
Efficiency Ratio62.69%61.15%62.05%62.77%59.61%-307 bps
Non-Interest Burden2.01%2.00%2.12%2.33%2.26%+24 bps
Growth
Asset Growth (YoY)1.28%-2.56%-3.69%-5.95%-2.13%-342 bps
Loan Growth (YoY)8.23%4.19%3.05%-1.84%3.25%-499 bps
Deposit Growth (YoY)-0.88%-3.75%-2.60%2.85%4.97%+585 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.09%0.09%0.42%0.49%+34 bps
Net Charge-Offs / Loans0.02%0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans1.08%1.11%1.08%1.08%1.06%-2 bps
Allowance Coverage of NPLs7.4x12.8x12.4x2.6x2.2x-5.2x
Capital
Tier 1 Leverage Ratio8.78%9.01%9.24%9.57%9.77%+99 bps
Total Risk-Based Capital12.17%12.63%12.95%13.07%12.61%+44 bps
Equity / Assets9.18%9.80%10.17%10.36%10.15%+97 bps
Liquidity & Funding
Loans / Deposits96.43%94.03%92.68%90.29%94.84%-158 bps
Liquid Assets / Assets2.23%1.29%1.66%1.24%1.32%-91 bps
CRE / Total Capitaln/a323%307%307%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-10

Minnesota National Bank

Sauk Centre, MN · Cert 5249 · Peer group: banks under $1B in assets operating in a single state (n=748-752) · Sauk Ctr Finl Services Inc.

National charter · OCC · 3 branches

Q2 2026

$298.4MAssets
$240.8MLoans
$253.9MDeposits
$30.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 77% of banks under $1B in assets operating in a single state (rank 176 of 752).
  • Widest gap: tier 1 capital ratio trails 75% of banks under $1B in assets operating in a single state (rank 563 of 752).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.40%

Rank 209 of 752

Net Interest Margin

4.22%

Rank 176 of 752

Efficiency Ratio

59.61%

Rank 277 of 752

Equity / Assets

10.15%

Rank 421 of 752

Non-interest income vs. expense

$1.6M$8.2MINCOMEEXPENSE
Unfavorable gap of $6.5M · efficiency ratio beats 63% of banks under $1B in assets operating in a single state
Bank 59.61%Peer median 64.5%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.40%0.72%1.07%1.45%Beats 72%209 / 752
Return on Equity13.81%6.78%10.58%13.65%Beats 76%180 / 752
Net Interest Margin4.22%3.18%3.69%4.17%Beats 77%176 / 752
Efficiency Ratio59.61%55.75%64.49%75.47%Beats 63%277 / 752
Asset Quality
Nonperforming Loans / Loans0.49%0.09%0.42%1.03%Beats 46%405 / 748
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 72%218 / 748
Capital
Tier 1 Capital Ratio11.55%11.55%13.75%17.60%Beats 25%563 / 752
Total Risk-Based Capital Ratio12.61%11.70%14.33%18.47%Beats 33%504 / 752
Equity / Assets10.15%8.93%10.56%13.13%Beats 44%421 / 752
Liquidity & Funding
Loans / Deposits94.84%62.23%78.64%91.26%83rd pctl130 / 752
Loans / Assets80.69%54.61%67.41%76.47%86th pctl104 / 752
Brokered Deposits / Depositsn/aNot reported for this institution