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Freeport State Bank

Freeport, MN · Cert 8210 · Freeport Bancshares 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 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 under $1B in assets (n=581 to 629). 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

54

Q2 2024Q2 2026peer median (50)

Asset Quality

76

Q2 2024Q2 2026peer median (50)

Profitability

67

Q2 2024Q2 2026peer median (50)

Liquidity

89

Q2 2024Q2 2026peer median

Efficiency

60

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

Freeport State Bank

Freeport, MN · Cert 8210 · Freeport Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$165.5MAssets
$114.4MLoans
$147.9MDeposits
$16.9MEquity
Loan mix
79%RE $71.7M17%C&I $15.3M4%Consumer $3.4MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $114.0M23%Noninterest $34.0MQ2 2025Q2 2026

NIM

4.79%Q2 ’245.09%Q2 ’255.38%Q2 ’26+8%+10%

Non-interest income vs. expense

2.64%Q2 ’242.56%Q2 ’252.82%Q2 ’26-1%+11%

Market Position · St. Cloud, MN · 2026 SOD (annual) · 1.9% share · #15 of 32 inst. · $0.1B of $7.9B

Executive Summary

  • Earnings: ROA of 1.11%, up 6 bps year over year; NIM at 4.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.69%, up 111 bps from a year ago.
  • Funding: loans stand at 77.30% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.11%+6 bps YoY

Net Interest Margin (YTD, annualized)

4.26%+38 bps YoY

Efficiency Ratio (YTD, annualized)

64.44%+25 bps YoY

Tier 1 Leverage Ratio

10.69%+111 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.04%1.06%0.97%1.03%1.11%+6 bps
Return on Equity11.96%11.96%10.79%10.55%11.18%-78 bps
Net Interest Margin3.87%3.93%3.98%4.12%4.26%+38 bps
Efficiency Ratio64.19%64.01%68.21%66.10%64.44%+25 bps
Non-Interest Burden2.44%2.48%2.68%2.70%2.70%+26 bps
Growth
Asset Growth (YoY)2.95%2.08%1.52%-2.87%-1.62%-457 bps
Loan Growth (YoY)8.00%6.13%7.08%7.60%4.51%-349 bps
Deposit Growth (YoY)2.12%1.46%0.60%-4.39%-2.63%-475 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.04%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%0.00%0.00%+1 bps
Allowance / Loans0.83%0.84%0.85%0.86%0.85%+2 bps
Allowance Coverage of NPLsn/a19.3x188.2xn/a977.0xn/a
Capital
Tier 1 Leverage Ratio9.57%9.85%9.99%10.38%10.69%+111 bps
Total Risk-Based Capital15.30%15.52%15.90%16.24%15.83%+53 bps
Equity / Assets9.07%9.20%9.60%9.93%10.19%+112 bps
Liquidity & Funding
Loans / Deposits72.02%70.97%72.87%74.57%77.30%+528 bps
Liquid Assets / Assets21.50%19.81%17.69%17.41%15.47%-603 bps
CRE / Total Capitaln/a69.09%68.39%61.27%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

Freeport State Bank

Freeport, MN · Cert 8210 · Peer group: banks under $1B in assets (n=581-629) · Freeport Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$165.5MAssets
$114.4MLoans
$147.9MDeposits
$16.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 86% of banks under $1B in assets (rank 82 of 581).
  • Widest gap: equity / assets trails 58% of banks under $1B in assets (rank 363 of 629).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.12%

Rank 272 of 629

Net Interest Margin

4.26%

Rank 106 of 629

Efficiency Ratio

64.44%

Rank 254 of 629

Equity / Assets

10.19%

Rank 363 of 629

Non-interest income vs. expense

$0.2M$4.7MINCOMEEXPENSE
Unfavorable gap of $4.5M · efficiency ratio beats 60% of banks under $1B in assets
Bank 64.44%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.12%0.60%1.01%1.45%Beats 57%272 / 629
Return on Equity10.98%5.38%9.30%13.28%Beats 60%249 / 629
Net Interest Margin4.26%3.03%3.54%4.05%Beats 83%106 / 629
Efficiency Ratio64.44%58.35%67.79%79.08%Beats 60%254 / 629
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.46%1.20%Beats 86%82 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 66%202 / 581
Capital
Tier 1 Capital Ratio15.00%11.24%13.84%18.77%Beats 59%255 / 629
Total Risk-Based Capital Ratio15.83%11.58%14.43%19.66%Beats 60%252 / 629
Equity / Assets10.19%9.09%10.65%13.80%Beats 42%363 / 629
Liquidity & Funding
Loans / Deposits77.30%67.24%80.90%93.48%45th pctl326 / 594
Loans / Assets69.12%53.31%67.71%78.15%53rd pctl293 / 629
Brokered Deposits / Depositsn/aNot reported for this institution