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United Farmers State Bank

Adams, MN · Cert 8821 · Adams 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 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

47

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

96

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

United Farmers State Bank

Adams, MN · Cert 8821 · Adams Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$233.8MAssets
$205.8MLoans
$181.6MDeposits
$22.8MEquity
Loan mix
86%RE $122.2M13%C&I $18.2M1%Consumer $2.0MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $145.9M20%Noninterest $35.7MQ2 2025Q2 2026

NIM

5.03%Q2 ’245.45%Q2 ’255.69%Q2 ’26+1%+8%

Non-interest income vs. expense

1.80%Q2 ’241.56%Q2 ’251.66%Q2 ’26-13%+7%

Executive Summary

  • Earnings: ROA of 1.79%, up 15 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.33% of loans (+33 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.33%, up 31 bps from a year ago.
  • Funding: loans stand at 113.34% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.79%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+27 bps YoY

Efficiency Ratio (YTD, annualized)

42.52%-39 bps YoY

Tier 1 Leverage Ratio

10.33%+31 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.64%1.65%1.70%1.89%1.79%+15 bps
Return on Equity18.52%18.46%18.83%19.92%18.70%+18 bps
Net Interest Margin3.45%3.39%3.38%3.77%3.72%+27 bps
Efficiency Ratio42.91%43.07%42.73%39.04%42.52%-39 bps
Non-Interest Burden1.38%1.36%1.32%1.37%1.47%+9 bps
Growth
Asset Growth (YoY)9.29%11.10%7.60%6.86%3.94%-535 bps
Loan Growth (YoY)8.56%8.13%8.57%7.47%3.12%-544 bps
Deposit Growth (YoY)3.68%7.25%6.17%5.89%6.04%+236 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.15%0.14%0.27%0.33%+33 bps
Net Charge-Offs / Loans0.00%0.00%0.10%0.00%0.00%0 bps
Allowance / Loans1.34%1.34%1.16%1.16%1.20%-14 bps
Allowance Coverage of NPLsn/a9.0x8.5x4.3x3.6xn/a
Capital
Tier 1 Leverage Ratio10.02%9.97%10.06%10.29%10.33%+31 bps
Total Risk-Based Capital10.02%9.97%10.06%10.29%10.33%+31 bps
Equity / Assets9.02%9.14%9.43%9.53%9.77%+75 bps
Liquidity & Funding
Loans / Deposits116.54%112.55%117.45%115.96%113.34%-321 bps
Liquid Assets / Assets0.46%0.47%0.39%0.42%0.32%-14 bps
CRE / Total Capitaln/a83.29%81.08%90.44%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

United Farmers State Bank

Adams, MN · Cert 8821 · Peer group: banks under $1B in assets in MN (n=111-113) · Adams Bancshares Inc.

State charter, non-member · FDIC · 3 branches

Q2 2026

$233.8MAssets
$205.8MLoans
$181.6MDeposits
$22.8MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 96% of banks under $1B in assets in MN (rank 6 of 113).
  • Widest gap: total risk-based capital ratio trails 92% of banks under $1B in assets in MN (rank 104 of 113).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.79%

Rank 12 of 113

Net Interest Margin

3.72%

Rank 69 of 113

Efficiency Ratio

42.52%

Rank 6 of 113

Equity / Assets

9.77%

Rank 66 of 113

Non-interest income vs. expense

$0.5M$3.9MINCOMEEXPENSE
Unfavorable gap of $3.5M · efficiency ratio beats 96% of banks under $1B in assets in MN
Bank 42.52%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.79%0.87%1.20%1.41%Beats 89%12 / 113
Return on Equity18.36%8.92%11.27%13.99%Beats 90%11 / 113
Net Interest Margin3.72%3.42%3.88%4.31%Beats 39%69 / 113
Efficiency Ratio42.52%54.13%61.48%69.86%Beats 96%6 / 113
Asset Quality
Nonperforming Loans / Loans0.33%0.09%0.58%1.82%Beats 60%45 / 111
Net Charge-Offs / Loans0.02%n/a0.00%0.04%Beats 33%75 / 111
Capital
Tier 1 Capital Ratio10.33%11.53%13.31%18.13%Beats 9%103 / 113
Total Risk-Based Capital Ratio10.33%12.12%14.43%19.39%Beats 8%104 / 113
Equity / Assets9.77%8.52%10.10%11.94%Beats 42%66 / 113
Liquidity & Funding
Loans / Deposits113.34%62.08%77.32%88.06%98th pctl2 / 111
Loans / Assets88.03%55.01%66.35%75.50%93rd pctl8 / 113
Brokered Deposits / Depositsn/aNot reported for this institution