PackageTrendsPeer
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 $57.0MQ3 2024Q2 2026
Deposit mix
81%Interest-bearing $609.6M19%Noninterest $146.7MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 2.03%, up 4 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 0.23% of loans (+11 bps YoY), with net charge-offs at 0.04%.
  • 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 (quarter, annualized)

2.03%+4 bps YoY

Net Interest Margin (quarter, annualized)

4.50%0 bps YoY

Efficiency Ratio (quarter, annualized)

48.63%-126 bps YoY

Tier 1 Leverage Ratio

12.14%+10 bps YoY

NIM

5.81%Q2 ’246.22%Q2 ’256.22%Q2 ’26+9%0%

Non-interest income vs. expense

2.53%Q2 ’242.60%Q2 ’252.56%Q2 ’26+3%-5%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.97%1.92%1.83%1.99%2.08%1.99%1.97%2.03%+4 bps
Return on Equity17.79%17.46%16.12%16.87%17.59%17.16%16.84%16.95%+8 bps
Net Interest Margin4.27%4.53%4.21%4.50%4.47%4.52%4.33%4.50%0 bps
Efficiency Ratio48.84%51.74%51.22%49.89%47.94%48.96%48.82%48.63%-126 bps
Non-Interest Burden1.70%2.02%1.79%1.88%1.73%1.85%1.70%1.78%-10 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 / Loans0.01%0.05%0.04%0.01%0.25%0.02%0.00%0.04%+3 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