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Think Mutual Bank

Rochester, MN · Cert 58536

State savings bank · OCC · 9 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets (n=322 to 328). 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

82

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

8

Q2 2024Q2 2026peer median (50)

Liquidity

2

Q2 2024Q2 2026peer median

Efficiency

10

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

Think Mutual Bank

Rochester, MN · Cert 58536

State savings bank · OCC · 9 branches

Q2 2026

$2.2BAssets
$1.2BLoans
$1.9BDeposits
$343.4MEquity
Loan mix
87%RE $1.0B1%C&I $0.0B11%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
91%Interest-bearing $1.7B9%Noninterest $0.2BQ2 2025Q2 2026

NIM

3.21%Q2 ’243.55%Q2 ’253.68%Q2 ’26+12%+5%

Non-interest income vs. expense

2.62%Q2 ’242.73%Q2 ’252.74%Q2 ’26+4%+0%

Market Position · Rochester, MN · 2026 SOD (annual) · 21.0% share · #1 of 34 inst. · $1.6B of $7.6B

28.7% Olmsted
1.4% Dakota
0.1% Hennepin

Executive Summary

  • Earnings: ROA of 0.63%, up 8 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.25% of loans (+5 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 16.25%, down 24 bps from a year ago.
  • Funding: loans stand at 65.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.63%+8 bps YoY

Net Interest Margin (YTD, annualized)

2.64%+14 bps YoY

Efficiency Ratio (YTD, annualized)

75.72%-281 bps YoY

Tier 1 Leverage Ratio

16.25%-24 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.56%0.59%0.61%0.55%0.63%+8 bps
Return on Equity3.70%3.91%3.99%3.58%4.15%+44 bps
Net Interest Margin2.50%2.53%2.53%2.60%2.64%+14 bps
Efficiency Ratio78.53%77.10%77.20%78.48%75.72%-281 bps
Non-Interest Burden1.76%1.72%1.73%1.85%1.76%0 bps
Growth
Asset Growth (YoY)3.80%4.70%5.87%6.09%5.22%+142 bps
Loan Growth (YoY)-1.45%-1.91%-1.84%-2.41%-1.48%-2 bps
Deposit Growth (YoY)3.11%4.41%5.01%5.61%4.72%+162 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.21%0.21%0.22%0.25%+5 bps
Net Charge-Offs / Loans0.04%0.04%0.04%0.05%0.05%+1 bps
Allowance / Loans0.52%0.55%0.55%0.53%0.54%+2 bps
Allowance Coverage of NPLs2.6x2.6x2.6x2.4x2.1x-0.5x
Capital
Tier 1 Leverage Ratio16.49%16.57%16.68%16.37%16.25%-24 bps
Total Risk-Based Capital16.49%16.57%16.68%16.37%16.25%-24 bps
Equity / Assets15.37%15.56%15.56%14.95%15.41%+3 bps
Liquidity & Funding
Loans / Deposits69.29%68.13%66.42%62.62%65.18%-410 bps
Liquid Assets / Assets13.28%14.81%14.86%15.55%11.48%-179 bps
CRE / Total Capitaln/a25.11%23.26%22.49%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

Think Mutual Bank

Rochester, MN · Cert 58536 · Peer group: banks $1B-$10B in assets (n=322-328)

State savings bank · OCC · 9 branches

Q2 2026

$2.2BAssets
$1.2BLoans
$1.9BDeposits
$343.4MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 94% of banks $1B-$10B in assets (rank 20 of 328).
  • Widest gap: return on equity trails 95% of banks $1B-$10B in assets (rank 310 of 328).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.63%

Rank 295 of 328

Net Interest Margin

2.64%

Rank 295 of 328

Efficiency Ratio

75.72%

Rank 296 of 328

Equity / Assets

15.41%

Rank 20 of 328

Non-interest income vs. expense

$22.4M$62.5MINCOMEEXPENSE
Unfavorable gap of $40.1M · efficiency ratio beats 10% of banks $1B-$10B in assets
Bank 75.72%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.63%0.91%1.22%1.52%Beats 10%295 / 328
Return on Equity4.11%8.43%11.45%14.43%Beats 5%310 / 328
Net Interest Margin2.64%3.03%3.45%3.83%Beats 10%295 / 328
Efficiency Ratio75.72%51.61%59.56%67.53%Beats 10%296 / 328
Asset Quality
Nonperforming Loans / Loans0.25%0.24%0.51%1.03%Beats 74%86 / 322
Net Charge-Offs / Loans0.03%0.01%0.03%0.10%Beats 52%154 / 322
Capital
Tier 1 Capital Ratio16.25%11.75%13.15%15.47%Beats 80%65 / 328
Total Risk-Based Capital Ratio16.25%12.63%14.15%16.46%Beats 73%87 / 328
Equity / Assets15.41%9.15%10.33%12.01%Beats 94%20 / 328
Liquidity & Funding
Loans / Deposits65.18%76.63%87.92%95.36%11th pctl289 / 323
Loans / Assets54.35%65.18%74.15%79.98%11th pctl292 / 328
Brokered Deposits / Depositsn/aNot reported for this institution