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Bankcherokee

Saint Paul, MN · Cert 8537 · Cherokee 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 assets in the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

75

Q2 2024Q2 2026peer median (50)

Asset Quality

67

Q2 2024Q2 2026peer median (50)

Profitability

22

Q2 2024Q2 2026peer median (50)

Liquidity

73

Q2 2024Q2 2026peer median

Efficiency

21

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

Bankcherokee

Saint Paul, MN · Cert 8537 · Cherokee Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$401.9MAssets
$292.5MLoans
$333.5MDeposits
$42.8MEquity
Loan mix
78%RE $212.1M21%C&I $58.1M0%Consumer $0.8MQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $236.6M29%Noninterest $96.8MQ2 2025Q2 2026

NIM

4.11%Q2 ’244.47%Q2 ’254.88%Q2 ’26+9%+10%

Non-interest income vs. expense

3.03%Q2 ’243.17%Q2 ’253.19%Q2 ’26+6%+2%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #48 of 125 inst. · $0.3B of $253.2B

Executive Summary

  • Earnings: ROA of 0.15%, down 38 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.17% of loans (-18 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.01%, up 191 bps from a year ago.
  • Funding: loans stand at 87.72% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.15%-38 bps YoY

Net Interest Margin (YTD, annualized)

3.82%+34 bps YoY

Efficiency Ratio (YTD, annualized)

73.86%-527 bps YoY

Tier 1 Leverage Ratio

11.01%+191 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.53%0.62%0.68%0.49%0.15%-38 bps
Return on Equity7.03%8.14%8.82%6.09%1.63%-541 bps
Net Interest Margin3.48%3.52%3.52%3.55%3.82%+34 bps
Efficiency Ratio79.12%77.02%75.28%81.52%73.86%-527 bps
Non-Interest Burden2.65%2.58%2.52%2.81%2.69%+5 bps
Growth
Asset Growth (YoY)3.25%5.31%5.52%5.54%1.79%-146 bps
Loan Growth (YoY)9.35%10.14%10.44%8.83%9.93%+58 bps
Deposit Growth (YoY)-0.79%1.27%0.27%3.64%-0.05%+73 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.49%0.37%0.35%0.17%-18 bps
Net Charge-Offs / Loans-0.04%-0.03%-0.02%0.00%0.00%+4 bps
Allowance / Loans1.30%1.29%1.26%1.31%1.25%-5 bps
Allowance Coverage of NPLs3.8x2.6x3.4x3.8x7.5x+3.7x
Capital
Tier 1 Leverage Ratio9.10%9.17%9.20%9.25%11.01%+191 bps
Total Risk-Based Capital14.44%14.45%15.39%14.85%16.77%+233 bps
Equity / Assets7.83%7.97%8.19%8.02%10.64%+281 bps
Liquidity & Funding
Loans / Deposits79.75%80.13%84.29%79.92%87.72%+797 bps
Liquid Assets / Assets4.43%4.18%3.02%7.65%4.88%+44 bps
CRE / Total Capitaln/a412%418%401%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

Bankcherokee

Saint Paul, MN · Cert 8537 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Cherokee Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$401.9MAssets
$292.5MLoans
$333.5MDeposits
$42.8MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 77% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 12 of 53).
  • Widest gap: return on equity trails 94% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 50 of 53).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.15%

Rank 50 of 53

Net Interest Margin

3.82%

Rank 25 of 53

Efficiency Ratio

73.86%

Rank 43 of 53

Equity / Assets

10.64%

Rank 15 of 53

Non-interest income vs. expense

$2.1M$13.2MINCOMEEXPENSE
Unfavorable gap of $11.2M · efficiency ratio beats 21% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 73.86%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.15%0.73%1.11%1.30%Beats 6%50 / 53
Return on Equity1.39%7.88%12.20%14.12%Beats 6%50 / 53
Net Interest Margin3.82%3.39%3.77%4.09%Beats 53%25 / 53
Efficiency Ratio73.86%56.05%65.05%71.57%Beats 21%43 / 53
Asset Quality
Nonperforming Loans / Loans0.17%0.14%0.52%1.20%Beats 72%16 / 53
Net Charge-Offs / Loans0.00%0.00%0.01%0.08%Beats 62%21 / 53
Capital
Tier 1 Capital Ratio15.52%10.73%12.98%15.08%Beats 77%12 / 53
Total Risk-Based Capital Ratio16.77%11.49%13.79%16.34%Beats 77%12 / 53
Equity / Assets10.64%8.08%9.25%10.72%Beats 72%15 / 53
Liquidity & Funding
Loans / Deposits87.72%72.13%82.29%93.80%58th pctl22 / 53
Loans / Assets72.77%63.64%71.80%79.37%55th pctl24 / 53
Brokered Deposits / Depositsn/aNot reported for this institution