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First State Bank of Red Wing, The

Red Wing, MN · Cert 8191 · Noble Bank Holding Co. Inc.

State charter, non-member · FDIC · 3 branches

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

55

Q2 2024Q2 2026peer median (50)

Asset Quality

67

Q2 2024Q2 2026peer median (50)

Profitability

2

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

2

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

First State Bank of Red Wing, The

Red Wing, MN · Cert 8191 · Noble Bank Holding Co. Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$86.3MAssets
$34.5MLoans
$83.1MDeposits
$3.1MEquity
Loan mix
82%RE $26.0M5%C&I $1.7M13%Consumer $4.1MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $65.8M21%Noninterest $17.3MQ3 2024Q2 2026

Market Position · Rochester, MN · 2026 SOD (annual) · 0.4% share · #32 of 34 inst. · $0.0B of $7.6B

3.3% Steele
3.2% Wabasha
1.5% Goodhue

Executive Summary

  • Earnings: ROA of -0.02%, up 2 bps year over year; NIM at 2.39%.
  • Asset quality: problem loans at 1.07% of loans (-38 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.96%, up 9 bps from a year ago.
  • Funding: loans stand at 41.53% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

-0.02%+2 bps YoY

Net Interest Margin (YTD, annualized)

2.39%+28 bps YoY

Efficiency Ratio (YTD, annualized)

100.78%-99 bps YoY

Tier 1 Leverage Ratio

8.96%+9 bps YoY

NIM

3.72%Q2 ’243.43%Q2 ’253.66%Q2 ’26+7%+13%

Non-interest income vs. expense

2.29%Q2 ’242.29%Q2 ’252.55%Q2 ’26+1%+12%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.04%0.07%-0.31%-0.05%0.11%0.14%-0.07%-0.02%+2 bps
Return on Equity3.46%5.52%-21.90%-2.56%4.95%5.75%-2.00%-0.66%+190 bps
Net Interest Margin2.00%2.01%2.08%2.11%2.21%2.29%2.41%2.39%+28 bps
Efficiency Ratio97.68%96.30%112.84%101.78%94.64%92.98%102.46%100.78%-99 bps
Non-Interest Burden1.94%1.92%2.36%2.14%2.07%2.11%2.46%2.40%+26 bps
Growth
Asset Growth (YoY)5.76%-1.08%-0.13%6.73%2.28%6.45%2.58%1.62%-510 bps
Loan Growth (YoY)7.38%-2.44%-0.76%7.04%6.23%6.99%3.52%-2.10%-914 bps
Deposit Growth (YoY)2.13%3.03%5.81%8.17%4.88%3.50%1.08%0.54%-763 bps
Asset Quality
Nonperforming Loans / Loans0.00%1.13%1.32%1.45%1.03%1.05%1.07%1.07%-38 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.02%0.03%0.00%0.00%0 bps
Allowance / Loans0.91%0.93%0.91%0.87%0.84%0.83%0.85%0.85%-2 bps
Allowance Coverage of NPLsn/a0.8x0.7x0.6x0.8x0.8x0.8x0.8x+0.2x
Capital
Tier 1 Leverage Ratio9.04%9.00%9.08%8.87%8.98%9.12%9.10%8.96%+9 bps
Total Risk-Based Capital21.20%21.84%21.60%20.99%21.00%21.35%21.90%22.60%+161 bps
Equity / Assets2.63%1.00%1.81%2.54%3.25%3.76%3.26%3.58%+105 bps
Liquidity & Funding
Loans / Deposits43.33%41.31%41.16%42.65%43.88%42.70%42.16%41.53%-112 bps
Liquid Assets / Assets6.28%7.21%9.21%9.88%11.08%13.21%13.97%15.06%+518 bps
CRE / Total Capitaln/an/an/an/a102.48%101.91%96.13%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

First State Bank of Red Wing, The

Red Wing, MN · Cert 8191 · Peer group: banks under $1B in assets in MN (n=111-113) · Noble Bank Holding Co. Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$86.3MAssets
$34.5MLoans
$83.1MDeposits
$3.1MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets in MN (rank 113 of 113).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

-0.02%

Rank 110 of 113

Net Interest Margin

2.39%

Rank 112 of 113

Efficiency Ratio

100.78%

Rank 112 of 113

Equity / Assets

3.58%

Rank 113 of 113

Non-interest income vs. expense

$0.1M$2.3MINCOMEEXPENSE
Unfavorable gap of $2.2M · efficiency ratio beats 2% of banks under $1B in assets in MN
Bank 100.78%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets-0.02%0.87%1.20%1.41%Beats 3%110 / 113
Return on Equity-0.65%8.92%11.27%13.99%Beats 3%110 / 113
Net Interest Margin2.39%3.42%3.88%4.31%Beats 1%112 / 113
Efficiency Ratio100.78%54.13%61.48%69.86%Beats 2%112 / 113
Asset Quality
Nonperforming Loans / Loans1.07%0.09%0.58%1.82%Beats 34%74 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio21.81%11.53%13.31%18.13%Beats 82%20 / 113
Total Risk-Based Capital Ratio22.60%12.12%14.43%19.39%Beats 82%20 / 113
Equity / Assets3.58%8.52%10.10%11.94%Beats 0%113 / 113
Liquidity & Funding
Loans / Deposits41.53%62.08%77.32%88.06%5th pctl105 / 111
Loans / Assets39.96%55.01%66.35%75.50%10th pctl102 / 113
Brokered Deposits / Depositsn/aNot reported for this institution