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First Resource Bank

Lino Lakes, MN · Cert 58039 · Ameri Financial Group Inc.

State charter, non-member · FDIC · 8 branches

Q2 2026

$1.1BAssets
$789.7MLoans
$893.3MDeposits
$100.5MEquity
Loan mix
78%RE $528.0M21%C&I $139.7M1%Consumer $6.2MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $735.3M18%Noninterest $157.9MQ2 2025Q2 2026

NIM

5.28%Q2 ’245.64%Q2 ’255.52%Q2 ’26+19%+7%

Non-interest income vs. expense

2.00%Q2 ’242.36%Q2 ’252.59%Q2 ’26+17%+5%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.3% share · #21 of 125 inst. · $0.7B of $253.2B

4.8% Washington
33.5% Chisago
15.7% Polk
1.3% Anoka

Executive Summary

  • Earnings: ROA of 1.12%, up 28 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.09% of loans (-21 bps YoY), with net charge-offs at 1.19%.
  • Capital: tier 1 leverage ratio of 8.34%, up 21 bps from a year ago.
  • Funding: loans stand at 88.40% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.12%+28 bps YoY

Net Interest Margin (quarter, annualized)

3.84%+26 bps YoY

Efficiency Ratio (quarter, annualized)

62.16%+47 bps YoY

Tier 1 Leverage Ratio

8.34%+21 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.83%0.87%0.21%0.67%1.12%+28 bps
Return on Equity9.82%10.38%2.57%7.80%12.02%+220 bps
Net Interest Margin3.58%3.63%3.75%3.64%3.84%+26 bps
Efficiency Ratio61.69%61.92%61.79%66.98%62.16%+47 bps
Non-Interest Burden2.11%2.17%2.19%2.40%2.22%+10 bps
Growth
Asset Growth (YoY)20.89%19.42%25.12%25.74%47.38%+2,648 bps
Loan Growth (YoY)17.40%20.14%21.63%24.90%27.47%+1,007 bps
Deposit Growth (YoY)28.37%26.80%30.01%23.65%48.48%+2,012 bps
Asset Quality
Nonperforming Loans / Loans0.30%0.09%0.55%0.32%0.09%-21 bps
Net Charge-Offs / Loans0.02%0.28%0.17%0.00%1.19%+117 bps
Allowance / Loans1.12%1.06%1.29%1.31%1.06%-6 bps
Allowance Coverage of NPLs3.8x12.2x2.4x4.1x11.5x+7.8x
Capital
Tier 1 Leverage Ratio8.13%8.09%8.14%9.29%8.34%+21 bps
Total Risk-Based Capital11.77%11.62%11.42%13.41%12.77%+101 bps
Equity / Assets8.36%8.38%7.96%9.30%9.26%+91 bps
Liquidity & Funding
Loans / Deposits102.97%100.66%99.47%103.28%88.40%-1,457 bps
Liquid Assets / Assets6.82%5.48%6.52%6.44%4.85%-197 bps
CRE / Total Capitaln/a547%564%464%n/an/a