PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.1BQ3 2024Q2 2026
Deposit mix
91%Interest-bearing $1.7B9%Noninterest $0.2BQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.47%0.50%0.52%0.56%0.59%0.61%0.55%0.63%+8 bps
Return on Equity3.22%3.41%3.48%3.70%3.91%3.99%3.58%4.15%+44 bps
Net Interest Margin2.27%2.31%2.48%2.50%2.53%2.53%2.60%2.64%+14 bps
Efficiency Ratio81.45%80.69%79.64%78.53%77.10%77.20%78.48%75.72%-281 bps
Non-Interest Burden1.67%1.67%1.79%1.76%1.72%1.73%1.85%1.76%0 bps
Growth
Asset Growth (YoY)1.86%1.70%3.50%3.80%4.70%5.87%6.09%5.22%+142 bps
Loan Growth (YoY)-2.86%-3.74%-2.26%-1.45%-1.91%-1.84%-2.41%-1.48%-2 bps
Deposit Growth (YoY)-0.32%0.95%2.68%3.11%4.41%5.01%5.61%4.72%+162 bps
Asset Quality
Nonperforming Loans / Loans0.10%0.08%0.11%0.20%0.21%0.21%0.22%0.25%+5 bps
Net Charge-Offs / Loans0.04%0.06%0.04%0.04%0.04%0.04%0.05%0.05%+1 bps
Allowance / Loans0.51%0.51%0.51%0.52%0.55%0.55%0.53%0.54%+2 bps
Allowance Coverage of NPLs5.3x6.6x4.8x2.6x2.6x2.6x2.4x2.1x-0.5x
Capital
Tier 1 Leverage Ratio16.60%16.75%16.55%16.49%16.57%16.68%16.37%16.25%-24 bps
Total Risk-Based Capital16.60%16.75%16.55%16.49%16.57%16.68%16.37%16.25%-24 bps
Equity / Assets15.35%15.05%14.88%15.37%15.56%15.56%14.95%15.41%+3 bps
Liquidity & Funding
Loans / Deposits72.51%71.05%67.77%69.29%68.13%66.42%62.62%65.18%-410 bps
Liquid Assets / Assets8.64%11.06%14.61%13.28%14.81%14.86%15.55%11.48%-179 bps
CRE / Total Capitaln/an/an/an/a25.11%23.26%22.49%n/an/a