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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