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Letter portraitLegal landscapeQuarterYTD

First National Bank of River Falls, The

River Falls, WI · Cert 5364 · First Natl Bcorp River Falls

National charter · OCC · 3 branches

Q2 2026

$325.3MAssets
$168.9MLoans
$286.6MDeposits
$23.4MEquity
Loan mix
85%RE $138.7M12%C&I $19.1M3%Consumer $4.9MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $226.2M21%Noninterest $60.4MQ2 2025Q2 2026

NIM

3.67%Q2 ’244.02%Q2 ’254.24%Q2 ’26+10%+16%

Non-interest income vs. expense

2.30%Q2 ’242.39%Q2 ’252.43%Q2 ’26+6%+2%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #51 of 125 inst. · $0.3B of $253.2B

36.1% Pierce
0.0% St. Croix

Executive Summary

  • Earnings: ROA of 1.01%, up 30 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.38% of loans (+35 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.06%, up 33 bps from a year ago.
  • Funding: loans stand at 58.93% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.01%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.15%+43 bps YoY

Efficiency Ratio (YTD, annualized)

66.03%-749 bps YoY

Tier 1 Leverage Ratio

10.06%+33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.71%0.79%0.73%1.02%1.01%+30 bps
Return on Equity12.58%13.22%11.79%14.18%14.08%+150 bps
Net Interest Margin2.73%2.78%2.88%3.27%3.15%+43 bps
Efficiency Ratio73.52%70.95%73.70%66.76%66.03%-749 bps
Non-Interest Burden1.86%1.81%1.98%2.02%1.90%+4 bps
Growth
Asset Growth (YoY)2.48%-0.55%-0.68%1.48%1.42%-106 bps
Loan Growth (YoY)8.15%6.86%1.72%-1.64%-0.90%-905 bps
Deposit Growth (YoY)-1.54%2.73%5.67%3.30%2.97%+451 bps
Asset Quality
Nonperforming Loans / Loans0.03%0.02%0.02%0.40%0.38%+35 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%0.00%-0.01%-1 bps
Allowance / Loans1.70%1.68%1.73%1.76%1.72%+3 bps
Allowance Coverage of NPLs50.7x72.3x72.5x4.4x4.5x-46.2x
Capital
Tier 1 Leverage Ratio9.73%9.94%9.92%9.92%10.06%+33 bps
Total Risk-Based Capital17.35%17.63%17.57%17.97%18.04%+70 bps
Equity / Assets5.75%7.04%7.21%7.17%7.19%+143 bps
Liquidity & Funding
Loans / Deposits61.23%60.76%59.98%57.40%58.93%-230 bps
Liquid Assets / Assets1.22%0.60%0.98%3.52%3.13%+191 bps
CRE / Total Capitaln/a287%282%270%n/an/a