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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

5.83%Q2 ’246.10%Q2 ’255.75%Q2 ’26+14%-3%

Non-interest income vs. expense

2.01%Q2 ’242.41%Q2 ’252.17%Q2 ’26+24%-11%

Executive Summary

  • Earnings: ROA of 1.33%, up 13 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 2.03% of loans (+112 bps YoY), with net charge-offs at 0.42%.
  • 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 (quarter, annualized)

1.33%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.75%-12 bps YoY

Efficiency Ratio (quarter, annualized)

55.16%-429 bps YoY

Tier 1 Leverage Ratio

10.40%-39 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.20%1.47%-1.67%1.47%1.33%+13 bps
Return on Equity12.58%14.84%-16.68%15.39%14.03%+145 bps
Net Interest Margin3.87%4.04%4.00%3.86%3.75%-12 bps
Efficiency Ratio59.45%53.36%129.32%50.31%55.16%-429 bps
Non-Interest Burden2.23%2.07%5.22%1.86%1.99%-24 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%0.95%0.11%0.42%+42 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