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Lincoln State Bank

Hankinson, ND · Cert 8390 · Lincoln Holding Co.

State charter, non-member · FDIC · 3 branches

Q2 2026

$125.1MAssets
$66.7MLoans
$111.9MDeposits
$9.3MEquity
Loan mix
76%RE $33.4M16%C&I $6.9M8%Consumer $3.6MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $83.0M26%Noninterest $29.0MQ2 2025Q2 2026

NIM

4.23%Q2 ’244.48%Q2 ’254.65%Q2 ’26+15%+8%

Non-interest income vs. expense

2.40%Q2 ’242.43%Q2 ’252.62%Q2 ’26-3%+18%

Executive Summary

  • Earnings: ROA of 0.88%, down 5 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.15% of loans (-63 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 10.01%, up 22 bps from a year ago.
  • Funding: loans stand at 59.59% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.88%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.49%+25 bps YoY

Efficiency Ratio (quarter, annualized)

69.98%+380 bps YoY

Tier 1 Leverage Ratio

10.01%+22 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.93%0.78%0.82%0.80%0.88%-5 bps
Return on Equity15.21%11.57%11.59%10.92%11.82%-339 bps
Net Interest Margin3.24%3.20%3.31%3.28%3.49%+25 bps
Efficiency Ratio66.18%69.64%69.43%71.02%69.98%+380 bps
Non-Interest Burden2.03%2.17%2.22%2.27%2.40%+36 bps
Growth
Asset Growth (YoY)2.91%8.49%6.93%4.81%9.95%+704 bps
Loan Growth (YoY)0.90%6.27%6.24%2.62%4.06%+316 bps
Deposit Growth (YoY)7.35%3.85%-1.89%2.54%9.30%+196 bps
Asset Quality
Nonperforming Loans / Loans0.78%0.59%0.27%0.17%0.15%-63 bps
Net Charge-Offs / Loans0.29%0.14%-0.01%-0.08%-0.03%-32 bps
Allowance / Loans1.49%1.39%1.36%1.54%1.49%0 bps
Allowance Coverage of NPLs1.9x2.3x5.1x9.2x10.0x+8.1x
Capital
Tier 1 Leverage Ratio9.79%9.85%9.68%9.96%10.01%+22 bps
Total Risk-Based Capital9.79%9.85%9.68%9.96%10.01%+22 bps
Equity / Assets6.43%6.96%7.22%7.44%7.45%+102 bps
Liquidity & Funding
Loans / Deposits62.59%66.37%67.38%57.38%59.59%-300 bps
Liquid Assets / Assets0.92%1.94%1.38%6.33%4.75%+383 bps
CRE / Total Capitaln/a69.89%75.28%71.46%n/an/a