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Letter portraitLegal landscapeQuarterYTD

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 $57.0MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $609.6M19%Noninterest $146.7MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.90%1.96%1.97%1.97%1.99%+9 bps
Return on Equity16.54%16.89%17.09%16.84%16.93%+39 bps
Net Interest Margin4.34%4.24%4.26%4.33%4.40%+6 bps
Efficiency Ratio50.53%49.62%49.44%48.82%48.72%-181 bps
Non-Interest Burden1.82%1.73%1.74%1.70%1.74%-9 bps
Growth
Asset Growth (YoY)8.04%4.98%7.39%8.21%8.07%+3 bps
Loan Growth (YoY)5.66%8.54%10.57%8.63%10.40%+473 bps
Deposit Growth (YoY)7.66%4.46%6.81%7.94%7.84%+18 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.10%0.11%0.20%0.23%+11 bps
Net Charge-Offs / Loans0.03%0.10%0.08%0.00%0.02%0 bps
Allowance / Loans1.61%1.55%1.55%1.57%1.54%-7 bps
Allowance Coverage of NPLs13.6x15.2x13.8x8.0x6.7x-6.9x
Capital
Tier 1 Leverage Ratio12.03%11.87%11.36%11.98%12.14%+10 bps
Total Risk-Based Capital19.72%19.79%19.15%19.75%19.39%-33 bps
Equity / Assets11.78%11.88%11.36%12.02%11.94%+16 bps
Liquidity & Funding
Loans / Deposits83.42%82.99%82.66%84.81%85.40%+198 bps
Liquid Assets / Assets14.43%15.99%16.83%16.70%16.64%+221 bps
CRE / Total Capitaln/a204%214%197.71%n/an/a