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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=111 to 113). 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

19

Q2 2024Q2 2026peer median (50)

Profitability

61

Q2 2024Q2 2026peer median (50)

Liquidity

97

Q2 2024Q2 2026peer median

Efficiency

81

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

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 $6.6MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $118.3M15%Noninterest $20.8MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.05%0.55%1.40%1.30%1.36%0.70%1.47%1.41%+11 bps
Return on Equity11.51%6.05%15.02%13.82%14.15%7.23%15.39%14.71%+89 bps
Net Interest Margin3.41%3.42%3.95%3.89%3.99%3.97%3.86%3.67%-22 bps
Efficiency Ratio60.98%78.77%56.29%57.86%56.34%74.69%50.31%52.79%-507 bps
Non-Interest Burden2.00%2.65%2.15%2.18%2.17%2.92%1.86%1.86%-31 bps
Growth
Asset Growth (YoY)1.77%-1.14%2.33%3.88%3.89%3.21%9.82%8.79%+490 bps
Loan Growth (YoY)6.18%0.41%3.76%3.29%5.29%-0.09%-5.04%-4.38%-766 bps
Deposit Growth (YoY)0.69%-0.06%1.70%3.39%3.30%2.38%10.02%8.86%+547 bps
Asset Quality
Nonperforming Loans / Loans1.43%1.22%0.94%0.91%0.91%0.97%1.01%2.03%+112 bps
Net Charge-Offs / Loans0.03%0.11%0.00%0.00%0.00%0.24%0.11%0.27%+27 bps
Allowance / Loans1.98%1.90%1.85%1.86%1.88%1.78%1.79%1.69%-17 bps
Allowance Coverage of NPLs1.4x1.6x2.0x2.0x2.1x1.8x1.8x0.8x-1.2x
Capital
Tier 1 Leverage Ratio10.94%10.54%10.79%10.80%11.32%10.82%11.00%10.40%-39 bps
Total Risk-Based Capital15.64%14.97%15.28%15.28%15.70%16.18%16.66%16.80%+152 bps
Equity / Assets9.78%9.16%9.44%9.63%10.17%9.89%9.30%9.59%-5 bps
Liquidity & Funding
Loans / Deposits86.71%84.84%86.09%86.97%88.38%82.79%74.30%76.40%-1,058 bps
Liquid Assets / Assets8.80%9.26%8.79%7.38%9.71%11.62%12.81%15.03%+765 bps
CRE / Total Capitaln/an/an/an/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 2026-10-11

State Bank of Fairmont

Fairmont, MN · Cert 8541 · Peer group: banks under $1B in assets in MN (n=111-113) · 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 81% of banks under $1B in assets in MN (rank 22 of 113).
  • Widest gap: net charge-offs / loans trails 86% of banks under $1B in assets in MN (rank 97 of 111).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.38%

Rank 33 of 113

Net Interest Margin

3.67%

Rank 74 of 113

Efficiency Ratio

52.79%

Rank 22 of 113

Equity / Assets

9.59%

Rank 70 of 113

Non-interest income vs. expense

$0.3M$3.2MINCOMEEXPENSE
Unfavorable gap of $2.9M · efficiency ratio beats 81% of banks under $1B in assets in MN
Bank 52.79%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.38%0.87%1.20%1.41%Beats 71%33 / 113
Return on Equity14.35%8.92%11.27%13.99%Beats 77%26 / 113
Net Interest Margin3.67%3.42%3.88%4.31%Beats 35%74 / 113
Efficiency Ratio52.79%54.13%61.48%69.86%Beats 81%22 / 113
Asset Quality
Nonperforming Loans / Loans2.03%0.09%0.58%1.82%Beats 23%86 / 111
Net Charge-Offs / Loans0.14%n/a0.00%0.04%Beats 14%97 / 111
Capital
Tier 1 Capital Ratio15.54%11.53%13.31%18.13%Beats 64%41 / 113
Total Risk-Based Capital Ratio16.80%12.12%14.43%19.39%Beats 66%38 / 113
Equity / Assets9.59%8.52%10.10%11.94%Beats 38%70 / 113
Liquidity & Funding
Loans / Deposits76.40%62.08%77.32%88.06%48th pctl58 / 111
Loans / Assets68.88%55.01%66.35%75.50%54th pctl52 / 113
Brokered Deposits / Depositsn/aNot reported for this institution