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Cenbank

Buffalo Lake, MN · Cert 8848

FDIC · 3 branches

Q4 2025

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: Q4 2025, the quarter ended December 31, 2025, 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=115 to 117). 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

23

Q2 2024Q4 2025peer median (50)

Asset Quality

100

Q2 2024Q4 2025peer median (50)

Profitability

57

Q2 2024Q4 2025peer median (50)

Liquidity

39

Q2 2024Q4 2025peer median

Efficiency

23

Q2 2024Q4 2025peer 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

Cenbank

Buffalo Lake, MN · Cert 8848

FDIC · 3 branches

Q4 2025

$87.2MAssets
$47.3MLoans
$80.6MDeposits
$6.2MEquity
Loan mix
77%RE $31.1M15%C&I $5.9M9%Consumer $3.4MQ4 2024Q4 2025
Deposit mix
70%Interest-bearing $56.7M30%Noninterest $23.9MQ4 2024Q4 2025

NIM

4.14%Q4 ’234.88%Q4 ’244.80%Q4 ’25+10%-1%

Non-interest income vs. expense

2.83%Q4 ’233.01%Q4 ’242.95%Q4 ’25+6%0%

Executive Summary

  • Earnings: ROA of 0.91%, up 6 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (-1 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 7.26%, down 64 bps from a year ago.
  • Funding: loans stand at 58.71% of deposits as of Q4 2025.

Financial Results

Return on Assets (YTD, annualized)

0.91%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.78%-4 bps YoY

Efficiency Ratio (YTD, annualized)

72.86%+8 bps YoY

Tier 1 Leverage Ratio

7.26%-64 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025YoY ΔTrend
Earnings
Return on Assets0.85%1.00%0.98%1.07%0.91%+6 bps
Return on Equity11.10%13.12%12.96%14.03%12.09%+99 bps
Net Interest Margin3.82%3.87%3.91%3.94%3.78%-4 bps
Efficiency Ratio72.78%69.23%69.73%67.83%72.86%+8 bps
Non-Interest Burden2.70%2.59%2.64%2.57%2.69%-1 bps
Growth
Asset Growth (YoY)1.21%-5.21%0.55%-0.01%6.30%+509 bps
Loan Growth (YoY)-11.23%-1.34%2.38%7.40%3.96%+1,520 bps
Deposit Growth (YoY)1.27%-5.60%0.76%-0.29%6.66%+539 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.00%0.03%0.00%0.00%-1 bps
Net Charge-Offs / Loans0.04%0.00%0.21%0.17%0.13%+10 bps
Allowance / Loans1.24%1.17%1.09%1.05%1.07%-17 bps
Allowance Coverage of NPLs112.4xn/a34.5xn/an/an/a
Capital
Tier 1 Leverage Ratio7.90%7.90%7.72%7.74%7.26%-64 bps
Total Risk-Based Capital13.38%13.31%12.65%12.76%12.60%-78 bps
Equity / Assets7.33%7.96%7.40%7.91%7.13%-20 bps
Liquidity & Funding
Loans / Deposits60.23%65.43%63.30%67.64%58.71%-152 bps
Liquid Assets / Assets24.67%19.80%18.74%11.38%16.27%-840 bps
CRE / Total Capitaln/an/an/a196.41%188.47%n/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

Cenbank

Buffalo Lake, MN · Cert 8848 · Peer group: banks under $1B in assets in MN (n=115-117)

FDIC · 3 branches

Q4 2025

$87.2MAssets
$47.3MLoans
$80.6MDeposits
$6.2MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in MN (rank 20 of 115).
  • Widest gap: equity / assets trails 92% of banks under $1B in assets in MN (rank 108 of 117).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.85%

Rank 70 of 117

Net Interest Margin

3.78%

Rank 48 of 117

Efficiency Ratio

72.86%

Rank 91 of 117

Equity / Assets

7.13%

Rank 108 of 117

Non-interest income vs. expense

$0.2M$2.5MINCOMEEXPENSE
Unfavorable gap of $2.3M · efficiency ratio beats 23% of banks under $1B in assets in MN
Bank 72.86%Peer median 65.4%Q2 2024Q4 2025Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.85%0.71%0.97%1.25%Beats 40%70 / 117
Return on Equity11.87%6.64%9.81%11.90%Beats 71%34 / 117
Net Interest Margin3.78%3.18%3.61%4.07%Beats 59%48 / 117
Efficiency Ratio72.86%58.76%65.40%71.86%Beats 23%91 / 117
Asset Quality
Nonperforming Loans / Loans0.00%0.02%0.35%1.20%Beats 100%20 / 115
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio11.63%11.43%13.60%18.44%Beats 28%84 / 117
Total Risk-Based Capital Ratio12.60%11.99%14.50%19.16%Beats 32%80 / 117
Equity / Assets7.13%8.50%9.94%11.88%Beats 8%108 / 117
Liquidity & Funding
Loans / Deposits58.71%61.85%76.76%89.60%21st pctl91 / 115
Loans / Assets54.26%54.26%66.37%76.17%24th pctl87 / 115
Brokered Deposits / Deposits0.00%n/an/a1.29%Beats 100%77 / 115