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Progrowth Bank

Nicollet, MN · Cert 8536 · Progressive Growth Corp.

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

52

Q2 2024Q2 2026peer median (50)

Asset Quality

82

Q2 2024Q2 2026peer median (50)

Profitability

3

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

8

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

Progrowth Bank

Nicollet, MN · Cert 8536 · Progressive Growth Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$364.8MAssets
$81.1MLoans
$327.1MDeposits
$19.9MEquity
Loan mix
86%RE $62.6M12%C&I $9.0M1%Consumer $1.0MQ2 2025Q2 2026
Deposit mix
91%Interest-bearing $298.6M9%Noninterest $28.5MQ2 2025Q2 2026

NIM

5.36%Q2 ’244.88%Q2 ’254.82%Q2 ’26-24%-18%

Non-interest income vs. expense

1.46%Q2 ’241.46%Q2 ’251.69%Q2 ’26+1%+16%

Market Position · Mankato, MN · 2026 SOD (annual) · 5.6% share · #7 of 19 inst. · $0.2B of $3.5B

32.4% Sibley
13.4% Nicollet
3.4% Blue Earth

Executive Summary

  • Earnings: ROA of -1.12%, down 159 bps year over year; NIM at 1.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 7.09%, down 2 bps from a year ago.
  • Funding: loans stand at 24.80% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

-1.12%-159 bps YoY

Net Interest Margin (YTD, annualized)

1.58%-35 bps YoY

Efficiency Ratio (YTD, annualized)

98.81%+2,751 bps YoY

Tier 1 Leverage Ratio

7.09%-2 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.47%0.45%0.35%-2.24%-1.12%-159 bps
Return on Equity10.79%10.01%7.75%-44.07%-21.58%-3,237 bps
Net Interest Margin1.93%1.93%1.85%1.28%1.58%-35 bps
Efficiency Ratio71.31%72.35%73.78%104.37%98.81%+2,751 bps
Non-Interest Burden1.34%1.36%1.33%1.34%1.56%+22 bps
Growth
Asset Growth (YoY)0.73%3.87%4.03%-8.58%-12.28%-1,301 bps
Loan Growth (YoY)5.14%0.99%3.71%3.01%-0.90%-604 bps
Deposit Growth (YoY)-5.61%-1.21%1.50%0.88%-2.50%+311 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%-0.02%0.00%-0.01%+2 bps
Allowance / Loans0.80%0.82%0.78%0.80%0.81%+1 bps
Allowance Coverage of NPLs653.0xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio7.12%7.25%6.85%6.41%7.09%-2 bps
Total Risk-Based Capital18.02%19.60%18.89%19.84%20.50%+248 bps
Equity / Assets4.20%4.79%4.91%5.25%5.45%+125 bps
Liquidity & Funding
Loans / Deposits24.40%23.29%25.06%24.53%24.80%+40 bps
Liquid Assets / Assets0.61%4.59%1.90%1.27%2.38%+177 bps
CRE / Total Capitaln/a48.16%57.57%57.02%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

Progrowth Bank

Nicollet, MN · Cert 8536 · Peer group: banks under $1B in assets (n=581-629) · Progressive Growth Corp.

State charter, non-member · FDIC · 3 branches

Q2 2026

$364.8MAssets
$81.1MLoans
$327.1MDeposits
$19.9MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets (rank 81 of 581).
  • Widest gap: equity / assets trails 99% of banks under $1B in assets (rank 625 of 629).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

-1.17%

Rank 601 of 629

Net Interest Margin

1.58%

Rank 614 of 629

Efficiency Ratio

98.81%

Rank 582 of 629

Equity / Assets

5.45%

Rank 625 of 629

Non-interest income vs. expense

$0.5M$6.3MINCOMEEXPENSE
Unfavorable gap of $5.8M · efficiency ratio beats 8% of banks under $1B in assets
Bank 98.81%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets-1.17%0.60%1.01%1.45%Beats 4%601 / 629
Return on Equity-21.54%5.38%9.30%13.28%Beats 2%618 / 629
Net Interest Margin1.58%3.03%3.54%4.05%Beats 2%614 / 629
Efficiency Ratio98.81%58.35%67.79%79.08%Beats 8%582 / 629
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.46%1.20%Beats 100%81 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 64%214 / 581
Capital
Tier 1 Capital Ratio20.01%11.24%13.84%18.77%Beats 78%138 / 629
Total Risk-Based Capital Ratio20.50%11.58%14.43%19.66%Beats 78%141 / 629
Equity / Assets5.45%9.09%10.65%13.80%Beats 1%625 / 629
Liquidity & Funding
Loans / Deposits24.80%67.24%80.90%93.48%3rd pctl576 / 594
Loans / Assets22.24%53.31%67.71%78.15%9th pctl573 / 629
Brokered Deposits / Depositsn/aNot reported for this institution