PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 0.49%, up 4 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.70% of loans (+18 bps YoY), with net charge-offs at 0.72%.
  • 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 (quarter, annualized)

0.49%+4 bps YoY

Net Interest Margin (quarter, annualized)

3.49%+8 bps YoY

Efficiency Ratio (quarter, annualized)

77.20%-302 bps YoY

Tier 1 Leverage Ratio

9.92%-13 bps YoY

NIM

4.73%Q2 ’244.88%Q2 ’254.86%Q2 ’26+14%+2%

Non-interest income vs. expense

3.67%Q2 ’243.74%Q2 ’253.64%Q2 ’26+2%-3%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.10%0.54%0.42%0.46%0.55%0.70%0.27%0.49%+4 bps
Return on Equity1.21%6.62%4.96%5.25%6.16%7.68%3.00%5.62%+37 bps
Net Interest Margin2.99%3.12%3.33%3.42%3.53%3.48%3.41%3.49%+8 bps
Efficiency Ratio85.19%74.41%79.90%80.22%78.33%72.50%82.49%77.20%-302 bps
Non-Interest Burden2.44%2.09%2.51%2.57%2.58%2.26%2.71%2.50%-8 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 / Loans0.84%0.89%0.70%0.54%0.52%0.56%0.72%0.72%+18 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