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Reliance Bank

Faribault, MN · Cert 58602 · Reliance Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 in MN (n=111 to 113). 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

30

Q2 2024Q2 2026peer median (50)

Asset Quality

55

Q2 2024Q2 2026peer median (50)

Profitability

26

Q2 2024Q2 2026peer median (50)

Liquidity

59

Q2 2024Q2 2026peer median

Efficiency

17

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

Reliance Bank

Faribault, MN · Cert 58602 · Reliance Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$334.1MAssets
$244.9MLoans
$281.6MDeposits
$28.5MEquity
Loan mix
55%RE $121.4M44%C&I $97.5M1%Consumer $3.3MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $244.6M13%Noninterest $37.0MQ2 2025Q2 2026

NIM

6.02%Q2 ’246.05%Q2 ’256.22%Q2 ’26+8%+8%

Non-interest income vs. expense

2.98%Q2 ’242.74%Q2 ’252.93%Q2 ’26-10%+10%

Executive Summary

  • Earnings: ROA of 0.76%, up 11 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.25% of loans (-103 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.98%, up 6 bps from a year ago.
  • Funding: loans stand at 86.95% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.76%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+27 bps YoY

Efficiency Ratio (YTD, annualized)

73.15%+66 bps YoY

Tier 1 Leverage Ratio

8.98%+6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.65%0.63%0.59%0.65%0.76%+11 bps
Return on Equity7.86%7.55%7.14%7.77%9.01%+114 bps
Net Interest Margin3.46%3.55%3.48%3.60%3.72%+27 bps
Efficiency Ratio72.50%72.39%71.86%76.18%73.15%+66 bps
Non-Interest Burden2.42%2.48%2.42%2.67%2.65%+23 bps
Growth
Asset Growth (YoY)11.47%11.43%10.20%10.35%9.51%-197 bps
Loan Growth (YoY)1.27%7.31%5.55%3.52%4.88%+361 bps
Deposit Growth (YoY)9.89%6.94%13.29%7.86%9.38%-51 bps
Asset Quality
Nonperforming Loans / Loans1.28%1.30%0.27%0.26%0.25%-103 bps
Net Charge-Offs / Loans0.00%0.09%0.77%0.03%0.01%+1 bps
Allowance / Loans1.75%1.74%1.20%1.24%1.28%-47 bps
Allowance Coverage of NPLs1.4x1.3x4.4x4.8x5.0x+3.7x
Capital
Tier 1 Leverage Ratio8.92%9.01%8.74%8.78%8.98%+6 bps
Total Risk-Based Capital8.92%9.01%8.74%8.78%13.03%+411 bps
Equity / Assets8.36%8.46%8.50%8.18%8.52%+16 bps
Liquidity & Funding
Loans / Deposits90.68%95.95%90.30%89.82%86.95%-373 bps
Liquid Assets / Assets1.89%1.30%1.24%1.14%1.00%-89 bps
CRE / Total Capitaln/a231%234%233%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

Reliance Bank

Faribault, MN · Cert 58602 · Peer group: banks under $1B in assets in MN (n=111-113) · Reliance Bcorp Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$334.1MAssets
$244.9MLoans
$281.6MDeposits
$28.5MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 66% of banks under $1B in assets in MN (rank 39 of 111).
  • Widest gap: efficiency ratio trails 83% of banks under $1B in assets in MN (rank 95 of 113).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

0.75%

Rank 93 of 113

Net Interest Margin

3.72%

Rank 70 of 113

Efficiency Ratio

73.15%

Rank 95 of 113

Equity / Assets

8.52%

Rank 85 of 113

Non-interest income vs. expense

$0.9M$9.8MINCOMEEXPENSE
Unfavorable gap of $8.8M · efficiency ratio beats 17% of banks under $1B in assets in MN
Bank 73.15%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.75%0.87%1.20%1.41%Beats 18%93 / 113
Return on Equity8.77%8.92%11.27%13.99%Beats 23%87 / 113
Net Interest Margin3.72%3.42%3.88%4.31%Beats 38%70 / 113
Efficiency Ratio73.15%54.13%61.48%69.86%Beats 17%95 / 113
Asset Quality
Nonperforming Loans / Loans0.25%0.09%0.58%1.82%Beats 66%39 / 111
Net Charge-Offs / Loans0.01%n/a0.00%0.04%Beats 44%63 / 111
Capital
Tier 1 Capital Ratio11.79%11.53%13.31%18.13%Beats 29%80 / 113
Total Risk-Based Capital Ratio13.03%12.12%14.43%19.39%Beats 37%71 / 113
Equity / Assets8.52%8.52%10.10%11.94%Beats 25%85 / 113
Liquidity & Funding
Loans / Deposits86.95%62.08%77.32%88.06%73rd pctl30 / 111
Loans / Assets73.29%55.01%66.35%75.50%63rd pctl42 / 113
Brokered Deposits / Depositsn/aNot reported for this institution