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Farmers State Bank of Hamel

Hamel, MN · Cert 8214

State charter, non-member · FDIC · 2 branches

Q2 2026

$198.3MAssets
$65.1MLoans
$185.1MDeposits
$12.5MEquity
Loan mix
92%RE $63.1M8%C&I $5.3M1%Consumer $0.6MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $136.2M26%Noninterest $48.9MQ2 2025Q2 2026

NIM

3.55%Q2 ’243.64%Q2 ’253.90%Q2 ’26+20%+18%

Non-interest income vs. expense

1.45%Q2 ’241.52%Q2 ’251.66%Q2 ’26+3%+13%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #71 of 125 inst. · $0.2B of $253.2B

Executive Summary

  • Earnings: ROA of 0.75%, up 10 bps year over year; NIM at 2.52%.
  • 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 9.52%, up 87 bps from a year ago.
  • Funding: loans stand at 35.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.75%+10 bps YoY

Net Interest Margin (YTD, annualized)

2.52%+38 bps YoY

Efficiency Ratio (YTD, annualized)

61.58%-327 bps YoY

Tier 1 Leverage Ratio

9.52%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.65%0.68%0.67%0.85%0.75%+10 bps
Return on Equity15.66%14.99%13.75%13.47%11.88%-377 bps
Net Interest Margin2.14%2.15%2.23%2.45%2.52%+38 bps
Efficiency Ratio64.84%61.50%63.26%58.97%61.58%-327 bps
Non-Interest Burden1.32%1.25%1.34%1.37%1.49%+17 bps
Growth
Asset Growth (YoY)-0.22%4.30%2.97%-2.63%-3.19%-297 bps
Loan Growth (YoY)-0.76%-1.76%-3.08%-1.45%-4.53%-377 bps
Deposit Growth (YoY)3.62%7.83%-0.37%-0.61%-0.84%-446 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.02%-0.01%0.00%0.00%+3 bps
Allowance / Loans1.42%1.41%1.42%1.41%1.49%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.65%8.59%8.90%9.36%9.52%+87 bps
Total Risk-Based Capital21.71%22.73%23.80%9.36%9.52%-1,218 bps
Equity / Assets4.89%5.53%6.43%6.18%6.32%+144 bps
Liquidity & Funding
Loans / Deposits36.54%36.47%38.00%39.05%35.18%-136 bps
Liquid Assets / Assets9.23%9.47%10.54%6.58%9.37%+15 bps
CRE / Total Capitaln/a185.17%172.55%171.04%n/an/a