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State Bank of Fairmont

Fairmont, MN · Cert 8541 · Web Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

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 MN (n=112 to 114). 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

56

Q2 2024Q2 2026peer median (50)

Asset Quality

18

Q2 2024Q2 2026peer median (50)

Profitability

61

Q2 2024Q2 2026peer median (50)

Liquidity

97

Q2 2024Q2 2026peer median

Efficiency

82

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 2026-10-10

State Bank of Fairmont

Fairmont, MN · Cert 8541 · Web Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$154.2MAssets
$106.2MLoans
$139.1MDeposits
$14.8MEquity
Loan mix
56%RE $47.3M36%C&I $30.4M8%Consumer $6.6MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $118.3M15%Noninterest $20.8MQ2 2025Q2 2026

NIM

5.70%Q2 ’246.11%Q2 ’255.61%Q2 ’26+17%-6%

Non-interest income vs. expense

2.09%Q2 ’242.35%Q2 ’252.02%Q2 ’26+15%-14%

Executive Summary

  • Earnings: ROA of 1.41%, up 11 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 2.03% of loans (+112 bps YoY), with net charge-offs at 0.27%.
  • Capital: tier 1 leverage ratio of 10.40%, down 39 bps from a year ago.
  • Funding: loans stand at 76.40% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.41%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.67%-22 bps YoY

Efficiency Ratio (YTD, annualized)

52.79%-507 bps YoY

Tier 1 Leverage Ratio

10.40%-39 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.30%1.36%0.70%1.47%1.41%+11 bps
Return on Equity13.82%14.15%7.23%15.39%14.71%+89 bps
Net Interest Margin3.89%3.99%3.97%3.86%3.67%-22 bps
Efficiency Ratio57.86%56.34%74.69%50.31%52.79%-507 bps
Non-Interest Burden2.18%2.17%2.92%1.86%1.86%-31 bps
Growth
Asset Growth (YoY)3.88%3.89%3.21%9.82%8.79%+490 bps
Loan Growth (YoY)3.29%5.29%-0.09%-5.04%-4.38%-766 bps
Deposit Growth (YoY)3.39%3.30%2.38%10.02%8.86%+547 bps
Asset Quality
Nonperforming Loans / Loans0.91%0.91%0.97%1.01%2.03%+112 bps
Net Charge-Offs / Loans0.00%0.00%0.24%0.11%0.27%+27 bps
Allowance / Loans1.86%1.88%1.78%1.79%1.69%-17 bps
Allowance Coverage of NPLs2.0x2.1x1.8x1.8x0.8x-1.2x
Capital
Tier 1 Leverage Ratio10.80%11.32%10.82%11.00%10.40%-39 bps
Total Risk-Based Capital15.28%15.70%16.18%16.66%16.80%+152 bps
Equity / Assets9.63%10.17%9.89%9.30%9.59%-5 bps
Liquidity & Funding
Loans / Deposits86.97%88.38%82.79%74.30%76.40%-1,058 bps
Liquid Assets / Assets7.38%9.71%11.62%12.81%15.03%+765 bps
CRE / Total Capitaln/a37.14%39.55%37.81%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 2026-10-10

State Bank of Fairmont

Fairmont, MN · Cert 8541 · Peer group: banks under $1B in assets in MN (n=112-114) · Web Inc.

State charter, non-member · FDIC · 1 branch

Q2 2026

$154.2MAssets
$106.2MLoans
$139.1MDeposits
$14.8MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 82% of banks under $1B in assets in MN (rank 22 of 114).
  • Widest gap: net charge-offs / loans trails 87% of banks under $1B in assets in MN (rank 98 of 112).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.38%

Rank 33 of 114

Net Interest Margin

3.67%

Rank 74 of 114

Efficiency Ratio

52.79%

Rank 22 of 114

Equity / Assets

9.59%

Rank 71 of 114

Non-interest income vs. expense

$0.3M$3.2MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 82% of banks under $1B in assets in MN
Bank 52.79%Peer median 61.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.38%0.87%1.20%1.41%Beats 71%33 / 114
Return on Equity14.35%8.92%11.27%13.99%Beats 77%26 / 114
Net Interest Margin3.67%3.39%3.88%4.31%Beats 35%74 / 114
Efficiency Ratio52.79%54.13%61.64%69.86%Beats 82%22 / 114
Asset Quality
Nonperforming Loans / Loans2.03%0.09%0.58%1.82%Beats 23%87 / 112
Net Charge-Offs / Loans0.14%n/a0.00%0.04%Beats 13%98 / 112
Capital
Tier 1 Capital Ratio15.54%11.46%13.31%18.13%Beats 64%41 / 114
Total Risk-Based Capital Ratio16.80%12.01%14.43%19.39%Beats 67%38 / 114
Equity / Assets9.59%8.52%10.22%11.94%Beats 38%71 / 114
Liquidity & Funding
Loans / Deposits76.40%62.85%77.32%88.06%48th pctl58 / 112
Loans / Assets68.88%55.01%66.35%75.50%54th pctl52 / 114
Brokered Deposits / Depositsn/aNot reported for this institution