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First National Bank North

Walker, MN · Cert 5269 · Walker Ban Co.

National charter · OCC · 10 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 in MN (n=111 to 113). 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

74

Q2 2024Q2 2026peer median (50)

Asset Quality

51

Q2 2024Q2 2026peer median (50)

Profitability

87

Q2 2024Q2 2026peer median (50)

Liquidity

65

Q2 2024Q2 2026peer median

Efficiency

91

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 2026-10-11

First National Bank North

Walker, MN · Cert 5269 · Walker Ban Co.

National charter · OCC · 10 branches

Q2 2026

$864.3MAssets
$645.9MLoans
$756.3MDeposits
$103.2MEquity
Loan mix
83%RE $513.5M8%C&I $51.4M9%Consumer $57.0MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $609.6M19%Noninterest $146.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.99%, up 9 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 0.23% of loans (+11 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 12.14%, up 10 bps from a year ago.
  • Funding: loans stand at 85.40% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.99%+9 bps YoY

Net Interest Margin (YTD, annualized)

4.40%+6 bps YoY

Efficiency Ratio (YTD, annualized)

48.72%-181 bps YoY

Tier 1 Leverage Ratio

12.14%+10 bps YoY

NIM

5.79%Q2 ’246.05%Q2 ’256.12%Q2 ’26+6%+1%

Non-interest income vs. expense

2.47%Q2 ’242.55%Q2 ’252.52%Q2 ’26+3%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.81%1.84%1.83%1.90%1.96%1.97%1.97%1.99%+9 bps
Return on Equity16.94%17.19%16.12%16.54%16.89%17.09%16.84%16.93%+39 bps
Net Interest Margin4.07%4.10%4.21%4.34%4.24%4.26%4.33%4.40%+6 bps
Efficiency Ratio50.63%50.93%51.22%50.53%49.62%49.44%48.82%48.72%-181 bps
Non-Interest Burden1.71%1.75%1.79%1.82%1.73%1.74%1.70%1.74%-9 bps
Growth
Asset Growth (YoY)0.25%1.62%3.45%8.04%4.98%7.39%8.21%8.07%+3 bps
Loan Growth (YoY)2.16%1.27%4.28%5.66%8.54%10.57%8.63%10.40%+473 bps
Deposit Growth (YoY)1.37%4.47%6.59%7.66%4.46%6.81%7.94%7.84%+18 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.07%0.08%0.12%0.10%0.11%0.20%0.23%+11 bps
Net Charge-Offs / Loans0.03%0.03%0.04%0.03%0.10%0.08%0.00%0.02%0 bps
Allowance / Loans1.66%1.65%1.62%1.61%1.55%1.55%1.57%1.54%-7 bps
Allowance Coverage of NPLs24.5x22.2x21.1x13.6x15.2x13.8x8.0x6.7x-6.9x
Capital
Tier 1 Leverage Ratio11.46%11.11%11.90%12.03%11.87%11.36%11.98%12.14%+10 bps
Total Risk-Based Capital19.43%19.05%19.66%19.72%19.79%19.15%19.75%19.39%-33 bps
Equity / Assets11.09%10.92%11.78%11.78%11.88%11.36%12.02%11.94%+16 bps
Liquidity & Funding
Loans / Deposits79.88%79.85%84.27%83.42%82.99%82.66%84.81%85.40%+198 bps
Liquid Assets / Assets15.84%14.89%12.78%14.43%15.99%16.83%16.70%16.64%+221 bps
CRE / Total Capitaln/an/an/an/a204%214%197.71%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 2026-10-11

First National Bank North

Walker, MN · Cert 5269 · Peer group: banks under $1B in assets in MN (n=111-113) · Walker Ban Co.

National charter · OCC · 10 branches

Q2 2026

$864.3MAssets
$645.9MLoans
$756.3MDeposits
$103.2MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 94% of banks under $1B in assets in MN (rank 7 of 113).
  • Widest gap: net charge-offs / loans trails 66% of banks under $1B in assets in MN (rank 74 of 111).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.96%

Rank 7 of 113

Net Interest Margin

4.40%

Rank 20 of 113

Efficiency Ratio

48.72%

Rank 11 of 113

Equity / Assets

11.94%

Rank 29 of 113

Non-interest income vs. expense

$6.6M$21.3MINCOMEEXPENSE
Unfavorable gap of $14.7M · efficiency ratio beats 91% of banks under $1B in assets in MN
Bank 48.72%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.96%0.87%1.20%1.41%Beats 94%7 / 113
Return on Equity16.42%8.92%11.27%13.99%Beats 84%18 / 113
Net Interest Margin4.40%3.42%3.88%4.31%Beats 82%20 / 113
Efficiency Ratio48.72%54.13%61.48%69.86%Beats 91%11 / 113
Asset Quality
Nonperforming Loans / Loans0.23%0.09%0.58%1.82%Beats 67%38 / 111
Net Charge-Offs / Loans0.01%n/a0.00%0.04%Beats 34%74 / 111
Capital
Tier 1 Capital Ratio18.13%11.53%13.31%18.13%Beats 74%29 / 113
Total Risk-Based Capital Ratio19.39%12.12%14.43%19.39%Beats 74%29 / 113
Equity / Assets11.94%8.52%10.10%11.94%Beats 74%29 / 113
Liquidity & Funding
Loans / Deposits85.40%62.08%77.32%88.06%68th pctl36 / 111
Loans / Assets74.72%55.01%66.35%75.50%72nd pctl32 / 113
Brokered Deposits / Depositsn/aNot reported for this institution