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Keen Bank, National Association

Waseca, MN · Cert 5270 · Frankson Investment Corp.

National charter · OCC · 3 branches

Q2 2026

$201.1MAssets
$148.7MLoans
$181.5MDeposits
$16.6MEquity
Loan mix
90%RE $132.2M8%C&I $11.7M2%Consumer $2.4MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $148.3M18%Noninterest $33.3MQ2 2025Q2 2026

NIM

5.56%Q2 ’246.03%Q2 ’256.21%Q2 ’26+19%+6%

Non-interest income vs. expense

3.19%Q2 ’243.03%Q2 ’253.07%Q2 ’26-8%+0%

Executive Summary

  • Earnings: ROA of 1.79%, up 27 bps year over year; NIM at 4.94%.
  • Asset quality: problem loans at 0.06% of loans (-4 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.43%, down 5 bps from a year ago.
  • Funding: loans stand at 81.93% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.79%+27 bps YoY

Net Interest Margin (quarter, annualized)

4.94%+30 bps YoY

Efficiency Ratio (quarter, annualized)

56.60%-287 bps YoY

Tier 1 Leverage Ratio

8.43%-5 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.52%1.54%1.39%1.74%1.79%+27 bps
Return on Equity19.07%18.46%16.80%21.02%21.34%+227 bps
Net Interest Margin4.64%4.72%4.87%4.78%4.94%+30 bps
Efficiency Ratio59.47%56.73%64.06%56.38%56.60%-287 bps
Non-Interest Burden2.55%2.39%2.89%2.49%2.56%+1 bps
Growth
Asset Growth (YoY)4.77%4.94%6.22%3.95%7.23%+246 bps
Loan Growth (YoY)3.78%5.70%9.76%8.08%8.87%+510 bps
Deposit Growth (YoY)5.73%6.23%6.91%3.14%7.17%+144 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.00%0.00%0.03%0.06%-4 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.01%0.02%+1 bps
Allowance / Loans1.37%1.31%1.27%1.28%1.28%-9 bps
Allowance Coverage of NPLs13.4xn/an/a41.9x22.4x+9.0x
Capital
Tier 1 Leverage Ratio8.48%8.43%8.22%8.53%8.43%-5 bps
Total Risk-Based Capital13.45%13.69%13.13%13.79%13.46%+1 bps
Equity / Assets8.22%8.43%8.08%8.51%8.26%+5 bps
Liquidity & Funding
Loans / Deposits80.65%83.15%81.32%82.61%81.93%+128 bps
Liquid Assets / Assets9.06%7.07%9.29%8.36%8.65%-41 bps
CRE / Total Capitaln/a260%283%268%n/an/a