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Drake Bank

Saint Paul, MN · Cert 57336 · Plato Holdings Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

11

Q2 2024Q2 2026peer median (50)

Asset Quality

9

Q2 2024Q2 2026peer median (50)

Profitability

11

Q2 2024Q2 2026peer median (50)

Liquidity

53

Q2 2024Q2 2026peer median

Efficiency

9

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

Drake Bank

Saint Paul, MN · Cert 57336 · Plato Holdings Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$247.4MAssets
$193.7MLoans
$211.6MDeposits
$17.2MEquity
Loan mix
63%RE $124.2M36%C&I $70.8M0%Consumer $0.7MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $173.2M18%Noninterest $38.4MQ2 2025Q2 2026

NIM

6.28%Q2 ’246.45%Q2 ’255.96%Q2 ’26+7%-10%

Non-interest income vs. expense

3.22%Q2 ’242.84%Q2 ’253.00%Q2 ’26-23%+13%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #66 of 125 inst. · $0.2B of $253.2B

Executive Summary

  • Earnings: ROA of -1.24%, down 202 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 4.49% of loans (+277 bps YoY), with net charge-offs at 0.66%.
  • Capital: tier 1 leverage ratio of 7.27%, down 102 bps from a year ago.
  • Funding: loans stand at 91.56% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-1.24%-202 bps YoY

Net Interest Margin (YTD, annualized)

3.46%-38 bps YoY

Efficiency Ratio (YTD, annualized)

77.75%+1,302 bps YoY

Tier 1 Leverage Ratio

7.27%-102 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.78%0.72%-0.19%-3.04%-1.24%-202 bps
Return on Equity10.42%9.59%-2.53%-43.31%-17.71%-2,813 bps
Net Interest Margin3.84%3.75%3.80%3.46%3.46%-38 bps
Efficiency Ratio64.73%64.63%68.04%77.80%77.75%+1,302 bps
Non-Interest Burden2.29%2.25%2.43%2.61%2.60%+31 bps
Growth
Asset Growth (YoY)10.42%4.11%0.62%-5.53%-9.43%-1,985 bps
Loan Growth (YoY)16.06%6.56%-6.28%-10.33%-11.15%-2,721 bps
Deposit Growth (YoY)12.14%5.21%2.49%-5.01%-9.46%-2,160 bps
Asset Quality
Nonperforming Loans / Loans1.73%3.22%2.78%2.21%4.49%+277 bps
Net Charge-Offs / Loans0.39%1.09%1.53%0.40%0.66%+27 bps
Allowance / Loans1.42%1.09%1.89%3.12%3.01%+159 bps
Allowance Coverage of NPLs0.8x0.3x0.7x1.4x0.7x-0.2x
Capital
Tier 1 Leverage Ratio8.28%8.35%7.96%6.98%7.27%-102 bps
Total Risk-Based Capital12.05%12.35%11.80%10.78%11.07%-97 bps
Equity / Assets7.48%7.76%7.68%6.38%6.97%-51 bps
Liquidity & Funding
Loans / Deposits93.31%89.88%92.87%87.26%91.56%-174 bps
Liquid Assets / Assets6.49%9.62%5.88%11.71%8.58%+210 bps
CRE / Total Capitaln/a368%375%424%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

Drake Bank

Saint Paul, MN · Cert 57336 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Plato Holdings Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$247.4MAssets
$193.7MLoans
$211.6MDeposits
$17.2MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 34% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 35 of 53).
  • Widest gap: return on equity trails 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 53 of 53).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

-1.27%

Rank 53 of 53

Net Interest Margin

3.46%

Rank 35 of 53

Efficiency Ratio

77.75%

Rank 49 of 53

Equity / Assets

6.97%

Rank 50 of 53

Non-interest income vs. expense

$1.0M$7.7MINCOMEEXPENSE
Unfavorable gap of $6.6M · efficiency ratio beats 9% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 77.75%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-1.27%0.73%1.11%1.30%Beats 0%53 / 53
Return on Equity-18.28%7.88%12.20%14.12%Beats 0%53 / 53
Net Interest Margin3.46%3.39%3.77%4.09%Beats 34%35 / 53
Efficiency Ratio77.75%56.05%65.05%71.57%Beats 9%49 / 53
Asset Quality
Nonperforming Loans / Loans4.49%0.14%0.52%1.20%Beats 4%52 / 53
Net Charge-Offs / Loans0.37%0.00%0.01%0.08%Beats 13%47 / 53
Capital
Tier 1 Capital Ratio9.80%10.73%12.98%15.08%Beats 8%49 / 53
Total Risk-Based Capital Ratio11.07%11.49%13.79%16.34%Beats 19%43 / 53
Equity / Assets6.97%8.08%9.25%10.72%Beats 6%50 / 53
Liquidity & Funding
Loans / Deposits91.56%72.13%82.29%93.80%62nd pctl20 / 53
Loans / Assets78.29%63.64%71.80%79.37%72nd pctl15 / 53
Brokered Deposits / Depositsn/aNot reported for this institution