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Falcon National Bank

Foley, MN · Cert 57603 · Centra Ventures Inc.

National charter · OCC · 6 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

25

Q2 2024Q2 2026peer median (50)

Asset Quality

17

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

28

Q2 2024Q2 2026peer median

Efficiency

68

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

Falcon National Bank

Foley, MN · Cert 57603 · Centra Ventures Inc.

National charter · OCC · 6 branches

Q2 2026

$872.3MAssets
$745.5MLoans
$768.7MDeposits
$92.5MEquity
Loan mix
61%RE $425.1M39%C&I $269.8M0%Consumer $2.2MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $635.6M17%Noninterest $133.1MQ2 2025Q2 2026

NIM

6.17%Q2 ’246.88%Q2 ’256.62%Q2 ’26+29%+5%

Non-interest income vs. expense

2.86%Q2 ’242.93%Q2 ’252.97%Q2 ’26+3%-3%

Market Position · St. Cloud, MN · 2026 SOD (annual) · 6.8% share · #4 of 32 inst. · $0.5B of $7.9B

5.8% Stearns
2.2% Anoka
16.3% Benton
10.6% Isanti

Executive Summary

  • Earnings: ROA of 1.20%, up 34 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 1.04% of loans (+28 bps YoY), with net charge-offs at 0.61%.
  • Capital: tier 1 leverage ratio of 10.24%, up 6 bps from a year ago.
  • Funding: loans stand at 96.98% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.20%+34 bps YoY

Net Interest Margin (YTD, annualized)

4.50%+20 bps YoY

Efficiency Ratio (YTD, annualized)

61.03%-275 bps YoY

Tier 1 Leverage Ratio

10.24%+6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.86%0.90%0.88%1.01%1.20%+34 bps
Return on Equity9.60%9.90%9.60%10.25%11.80%+219 bps
Net Interest Margin4.31%4.25%4.16%4.27%4.50%+20 bps
Efficiency Ratio63.77%63.14%63.75%61.64%61.03%-275 bps
Non-Interest Burden2.69%2.63%2.60%2.54%2.62%-8 bps
Growth
Asset Growth (YoY)1.10%3.16%-5.93%-4.09%-2.49%-359 bps
Loan Growth (YoY)-1.93%-2.75%-3.72%-3.06%-2.91%-98 bps
Deposit Growth (YoY)-0.69%1.56%-7.56%-5.29%-2.57%-188 bps
Asset Quality
Nonperforming Loans / Loans0.76%1.23%1.47%1.13%1.04%+28 bps
Net Charge-Offs / Loans0.48%0.71%0.71%0.34%0.61%+13 bps
Allowance / Loans2.18%1.98%1.91%1.93%1.84%-34 bps
Allowance Coverage of NPLs2.9x1.6x1.3x1.7x1.8x-1.1x
Capital
Tier 1 Leverage Ratio10.18%10.11%10.01%10.28%10.24%+6 bps
Total Risk-Based Capital10.18%10.11%10.01%10.28%10.24%+6 bps
Equity / Assets9.54%9.45%9.70%10.12%10.61%+107 bps
Liquidity & Funding
Loans / Deposits97.32%93.51%92.17%95.68%96.98%-34 bps
Liquid Assets / Assets6.15%9.91%8.25%3.45%2.34%-381 bps
CRE / Total Capitaln/a353%372%366%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

Falcon National Bank

Foley, MN · Cert 57603 · Peer group: banks under $1B in assets (n=581-629) · Centra Ventures Inc.

National charter · OCC · 6 branches

Q2 2026

$872.3MAssets
$745.5MLoans
$768.7MDeposits
$92.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 90% of banks under $1B in assets (rank 66 of 629).
  • Widest gap: net charge-offs / loans trails 95% of banks under $1B in assets (rank 553 of 581).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.22%

Rank 222 of 629

Net Interest Margin

4.50%

Rank 66 of 629

Efficiency Ratio

61.57%

Rank 202 of 629

Equity / Assets

10.61%

Rank 320 of 629

Non-interest income vs. expense

$3.1M$26.1MINCOMEEXPENSE
Unfavorable gap of $23.0M · efficiency ratio beats 68% of banks under $1B in assets
Bank 61.57%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.22%0.60%1.01%1.45%Beats 65%222 / 629
Return on Equity11.54%5.38%9.30%13.28%Beats 64%228 / 629
Net Interest Margin4.50%3.03%3.54%4.05%Beats 90%66 / 629
Efficiency Ratio61.57%58.35%67.79%79.08%Beats 68%202 / 629
Asset Quality
Nonperforming Loans / Loans1.04%0.09%0.46%1.20%Beats 29%414 / 581
Net Charge-Offs / Loans0.32%n/a0.01%0.06%Beats 5%553 / 581
Capital
Tier 1 Capital Ratio10.24%11.24%13.84%18.77%Beats 14%543 / 629
Total Risk-Based Capital Ratio10.24%11.58%14.43%19.66%Beats 12%551 / 629
Equity / Assets10.61%9.09%10.65%13.80%Beats 49%320 / 629
Liquidity & Funding
Loans / Deposits96.98%67.24%80.90%93.48%81st pctl113 / 594
Loans / Assets85.46%53.31%67.71%78.15%93rd pctl45 / 629
Brokered Deposits / Depositsn/aNot reported for this institution