Duluth, MN · Cert 8850 · North Shore Financial Corp.
State charter, Fed member · FED · 7 branches
Q2 2026
Market Position · Duluth, MN-WI · 2026 SOD (annual) · 7.8% share · #5 of 26 inst. · $0.5B of $6.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.91% | 1.77% | 0.84% | 1.02% | 1.10% | 1.22% | 1.06% | 1.23% | +20 bps | |
| Return on Equity | 11.52% | 21.68% | 9.38% | 11.76% | 12.69% | 14.12% | 12.24% | 14.38% | +262 bps | |
| Net Interest Margin | 3.59% | 3.59% | 3.70% | 3.75% | 3.74% | 3.77% | 3.89% | 3.97% | +21 bps | |
| Efficiency Ratio | 77.62% | 65.17% | 78.57% | 75.98% | 74.79% | 72.58% | 74.94% | 72.56% | -342 bps | |
| Non-Interest Burden | 2.38% | 1.38% | 2.49% | 2.34% | 2.28% | 2.18% | 2.44% | 2.32% | -2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 14.10% | 8.02% | 5.76% | 7.56% | 7.56% | 11.31% | 8.14% | 8.47% | +91 bps | |
| Loan Growth (YoY) | 20.06% | 10.03% | 3.39% | 3.09% | 3.07% | 4.59% | 7.43% | 9.78% | +668 bps | |
| Deposit Growth (YoY) | 10.08% | 6.49% | 14.48% | 17.16% | 17.21% | 15.78% | 8.91% | 10.46% | -670 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.09% | 0.15% | 0.14% | 0.14% | 0.13% | 0.18% | 0.22% | 0.14% | +1 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 0.50% | 0.52% | 0.57% | 0.58% | 0.60% | 0.62% | 0.63% | 0.64% | +5 bps | |
| Allowance Coverage of NPLs | 5.4x | 3.4x | 4.1x | 4.3x | 4.7x | 3.5x | 2.8x | 4.5x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.54% | 9.46% | 9.51% | 8.93% | 8.89% | 9.14% | 8.89% | 8.74% | -19 bps | |
| Total Risk-Based Capital | 11.84% | 9.46% | 9.51% | 8.93% | 8.89% | 9.14% | 8.89% | 8.74% | -19 bps | |
| Equity / Assets | 8.08% | 8.96% | 8.88% | 8.25% | 8.53% | 8.68% | 8.55% | 8.33% | +8 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 104.82% | 98.68% | 93.31% | 91.87% | 92.18% | 89.14% | 92.04% | 91.30% | -57 bps | |
| Liquid Assets / Assets | 0.95% | 1.53% | 3.34% | 3.73% | 3.65% | 7.40% | 3.61% | 3.29% | -45 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 285% | 277% | 288% | n/a | n/a | |