PackageTrendsPeer
Letter portraitLegal landscape

Glenwood State Bank (Incorporated)

Glenwood, MN · Cert 8853

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=112 to 114). 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

45

Q2 2024Q2 2026peer median (50)

Asset Quality

45

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

59

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 2026-10-10

Glenwood State Bank (Incorporated)

Glenwood, MN · Cert 8853

State charter, non-member · FDIC · 3 branches

Q2 2026

$545.2MAssets
$490.1MLoans
$469.4MDeposits
$56.2MEquity
Loan mix
83%RE $364.8M15%C&I $66.1M2%Consumer $10.1MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $383.1M18%Noninterest $86.4MQ2 2025Q2 2026

NIM

5.51%Q2 ’245.84%Q2 ’255.89%Q2 ’26+13%+11%

Non-interest income vs. expense

2.34%Q2 ’242.28%Q2 ’252.42%Q2 ’26-3%+6%

Executive Summary

  • Earnings: ROA of 1.33%, up 22 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 2.03% of loans (+61 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 10.28%, up 78 bps from a year ago.
  • Funding: loans stand at 104.39% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.33%+22 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+36 bps YoY

Efficiency Ratio (YTD, annualized)

58.46%-231 bps YoY

Tier 1 Leverage Ratio

10.28%+78 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.17%1.23%1.30%1.33%+22 bps
Return on Equity12.24%12.66%13.19%13.08%13.27%+103 bps
Net Interest Margin3.43%3.50%3.50%3.77%3.80%+36 bps
Efficiency Ratio60.78%60.13%59.52%58.77%58.46%-231 bps
Non-Interest Burden1.96%1.97%1.95%2.08%2.08%+12 bps
Growth
Asset Growth (YoY)0.04%-0.13%1.23%1.60%-0.05%-8 bps
Loan Growth (YoY)-0.67%0.44%1.16%-0.86%-3.41%-274 bps
Deposit Growth (YoY)3.35%1.15%1.59%0.76%-1.14%-449 bps
Asset Quality
Nonperforming Loans / Loans1.42%1.65%1.36%1.58%2.03%+61 bps
Net Charge-Offs / Loans0.05%0.02%0.00%-0.03%-0.03%-7 bps
Allowance / Loans1.13%1.14%1.15%1.21%1.21%+8 bps
Allowance Coverage of NPLs0.8x0.7x0.8x0.8x0.6x-0.2x
Capital
Tier 1 Leverage Ratio9.50%9.64%9.75%10.34%10.28%+78 bps
Total Risk-Based Capital11.77%12.14%12.11%13.37%13.39%+162 bps
Equity / Assets9.36%9.58%9.64%10.25%10.30%+94 bps
Liquidity & Funding
Loans / Deposits106.84%109.04%103.83%103.72%104.39%-245 bps
Liquid Assets / Assets2.63%2.35%6.30%6.67%6.23%+359 bps
CRE / Total Capitaln/a416%396%350%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 2026-10-10

Glenwood State Bank (Incorporated)

Glenwood, MN · Cert 8853 · Peer group: banks under $1B in assets in MN (n=112-114)

State charter, non-member · FDIC · 3 branches

Q2 2026

$545.2MAssets
$490.1MLoans
$469.4MDeposits
$56.2MEquity

Executive Summary

  • Strongest standing: return on assets outperforms 68% of banks under $1B in assets in MN (rank 36 of 114).
  • Widest gap: nonperforming loans / loans trails 78% of banks under $1B in assets in MN (rank 88 of 112).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.35%

Rank 36 of 114

Net Interest Margin

3.80%

Rank 63 of 114

Efficiency Ratio

58.46%

Rank 48 of 114

Equity / Assets

10.30%

Rank 56 of 114

Non-interest income vs. expense

$1.9M$13.2MINCOMEEXPENSE
Unfavorable gap of $11.4M · efficiency ratio beats 59% of banks under $1B in assets in MN
Bank 58.46%Peer median 61.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.35%0.87%1.20%1.41%Beats 68%36 / 114
Return on Equity13.15%8.92%11.27%13.99%Beats 67%38 / 114
Net Interest Margin3.80%3.39%3.88%4.31%Beats 45%63 / 114
Efficiency Ratio58.46%54.13%61.64%69.86%Beats 59%48 / 114
Asset Quality
Nonperforming Loans / Loans2.03%0.09%0.58%1.82%Beats 22%88 / 112
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 68%37 / 112
Capital
Tier 1 Capital Ratio12.14%11.46%13.31%18.13%Beats 39%70 / 114
Total Risk-Based Capital Ratio13.39%12.01%14.43%19.39%Beats 44%64 / 114
Equity / Assets10.30%8.52%10.22%11.94%Beats 51%56 / 114
Liquidity & Funding
Loans / Deposits104.39%62.85%77.32%88.06%93rd pctl8 / 112
Loans / Assets89.88%55.01%66.35%75.50%96th pctl4 / 114
Brokered Deposits / Depositsn/aNot reported for this institution