PackageTrendsPeer
Letter portraitLegal landscape

Cortrust Bank National Association

Mitchell, SD · Cert 6063 · Hopkins Financial Corp.

National charter · OCC · 37 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

42

Q2 2024Q2 2026peer median (50)

Asset Quality

23

Q2 2024Q2 2026peer median (50)

Profitability

19

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

5

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

Cortrust Bank National Association

Mitchell, SD · Cert 6063 · Hopkins Financial Corp.

National charter · OCC · 37 branches

Q2 2026

$1.6BAssets
$1.0BLoans
$1.4BDeposits
$138.9MEquity
Loan mix
79%RE $765.2M18%C&I $176.0M3%Consumer $31.0MQ3 2024Q2 2026
Deposit mix
76%Interest-bearing $1.0B24%Noninterest $0.3BQ3 2024Q2 2026

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #47 of 125 inst. · $0.3B of $253.2B

21.3% Davison
0.1% Minnehaha
5.8% Wright
7.7% Yankton

Executive Summary

  • Earnings: ROA of 0.38%, down 5 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.70% of loans (+18 bps YoY), with net charge-offs at 0.71%.
  • Capital: tier 1 leverage ratio of 9.92%, down 13 bps from a year ago.
  • Funding: loans stand at 73.77% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

0.38%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.41%+3 bps YoY

Efficiency Ratio (YTD, annualized)

79.74%-33 bps YoY

Tier 1 Leverage Ratio

9.92%-13 bps YoY

NIM

4.77%Q2 ’244.83%Q2 ’254.76%Q2 ’26+12%+1%

Non-interest income vs. expense

3.66%Q2 ’243.67%Q2 ’253.61%Q2 ’26+6%+1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.14%0.24%0.42%0.44%0.47%0.53%0.27%0.38%-5 bps
Return on Equity1.82%3.06%4.96%5.11%5.46%6.04%3.00%4.31%-80 bps
Net Interest Margin3.02%3.04%3.33%3.38%3.43%3.46%3.41%3.41%+3 bps
Efficiency Ratio84.45%81.91%79.90%80.06%79.47%77.71%82.49%79.74%-33 bps
Non-Interest Burden2.43%2.34%2.51%2.54%2.56%2.50%2.71%2.57%+3 bps
Growth
Asset Growth (YoY)-5.08%-5.08%-3.97%-1.26%-2.67%-1.32%6.39%3.36%+462 bps
Loan Growth (YoY)-3.94%-3.63%-3.12%-1.37%-2.34%-1.27%-0.16%0.34%+171 bps
Deposit Growth (YoY)-4.58%-5.98%-5.49%-1.54%-1.47%1.68%8.63%8.03%+956 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.04%0.08%0.52%0.45%0.98%0.97%0.70%+18 bps
Net Charge-Offs / Loans0.94%0.93%0.70%0.62%0.59%0.58%0.72%0.71%+9 bps
Allowance / Loans1.45%1.42%1.38%1.34%1.33%1.30%1.26%1.19%-15 bps
Allowance Coverage of NPLs17.5x32.5x17.7x2.6x2.9x1.3x1.3x1.7x-0.9x
Capital
Tier 1 Leverage Ratio9.58%9.73%10.02%10.05%10.21%10.35%10.14%9.92%-13 bps
Total Risk-Based Capital13.82%13.93%14.36%14.24%14.62%14.47%14.52%14.30%+6 bps
Equity / Assets8.11%8.23%8.71%8.65%9.10%9.10%8.75%8.88%+23 bps
Liquidity & Funding
Loans / Deposits78.61%80.17%78.11%79.42%77.91%77.84%71.78%73.77%-565 bps
Liquid Assets / Assets15.78%15.64%15.82%15.32%15.45%15.05%17.00%14.11%-121 bps
CRE / Total Capitaln/an/an/an/a326%331%328%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

Cortrust Bank National Association

Mitchell, SD · Cert 6063 · Peer group: banks $1B-$10B in assets (n=322-328) · Hopkins Financial Corp.

National charter · OCC · 37 branches

Q2 2026

$1.6BAssets
$1.0BLoans
$1.4BDeposits
$138.9MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 53% of banks $1B-$10B in assets (rank 155 of 328).
  • Widest gap: return on assets trails 96% of banks $1B-$10B in assets (rank 314 of 328).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.38%

Rank 314 of 328

Net Interest Margin

3.41%

Rank 175 of 328

Efficiency Ratio

81.29%

Rank 313 of 328

Equity / Assets

8.88%

Rank 259 of 328

Non-interest income vs. expense

$16.3M$56.5MINCOMEEXPENSE
Unfavorable gap of $40.3M · efficiency ratio beats 5% of banks $1B-$10B in assets
Bank 81.29%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets0.38%0.91%1.22%1.52%Beats 4%314 / 328
Return on Equity4.29%8.43%11.45%14.43%Beats 6%309 / 328
Net Interest Margin3.41%3.03%3.45%3.83%Beats 47%175 / 328
Efficiency Ratio81.29%51.61%59.56%67.53%Beats 5%313 / 328
Asset Quality
Nonperforming Loans / Loans0.70%0.24%0.51%1.03%Beats 38%202 / 322
Net Charge-Offs / Loans0.41%0.01%0.03%0.10%Beats 7%299 / 322
Capital
Tier 1 Capital Ratio13.27%11.75%13.15%15.47%Beats 53%155 / 328
Total Risk-Based Capital Ratio14.30%12.63%14.15%16.46%Beats 52%156 / 328
Equity / Assets8.88%9.15%10.33%12.01%Beats 21%259 / 328
Liquidity & Funding
Loans / Deposits73.77%76.63%87.92%95.36%20th pctl257 / 323
Loans / Assets64.87%65.18%74.15%79.98%25th pctl247 / 328
Brokered Deposits / Depositsn/aNot reported for this institution