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Kindred State Bank

Kindred, ND · Cert 8946

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

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 (n=581 to 629). 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

51

Q2 2024Q2 2026peer median (50)

Asset Quality

44

Q2 2024Q2 2026peer median (50)

Profitability

58

Q2 2024Q2 2026peer median (50)

Liquidity

26

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 2026-10-11

Kindred State Bank

Kindred, ND · Cert 8946

State charter, non-member · FDIC · 1 branch

Q2 2026

$43.3MAssets
$22.5MLoans
$39.4MDeposits
$3.8MEquity
Loan mix
46%RE $6.8M27%C&I $4.0M27%Consumer $4.0MQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $30.8M22%Noninterest $8.6MQ3 2024Q2 2026

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 0.3% share · #26 of 32 inst. · $0.0B of $12.9B

Executive Summary

  • Earnings: ROA of 1.04%, up 38 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.13% of loans (-32 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 8.35%, up 31 bps from a year ago.
  • Funding: loans stand at 57.02% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.04%+38 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+15 bps YoY

Efficiency Ratio (YTD, annualized)

64.79%-348 bps YoY

Tier 1 Leverage Ratio

8.35%+31 bps YoY

NIM

4.38%Q2 ’244.48%Q2 ’254.54%Q2 ’26-1%+4%

Non-interest income vs. expense

2.71%Q2 ’242.57%Q2 ’252.50%Q2 ’260%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.11%1.17%0.44%0.66%0.93%1.03%1.10%1.04%+38 bps
Return on Equity13.41%14.06%5.71%8.40%11.31%12.15%12.91%12.12%+372 bps
Net Interest Margin3.69%3.50%3.41%3.43%3.62%3.57%3.59%3.58%+15 bps
Efficiency Ratio66.17%65.15%69.21%68.27%66.28%67.33%63.93%64.79%-348 bps
Non-Interest Burden2.23%1.97%2.24%2.24%2.21%2.10%2.14%2.22%-2 bps
Growth
Asset Growth (YoY)-2.14%4.44%7.08%11.00%1.30%-3.70%-3.42%-0.48%-1,148 bps
Loan Growth (YoY)18.63%12.49%0.45%-2.61%-1.80%-2.32%0.93%1.57%+419 bps
Deposit Growth (YoY)-3.19%3.96%7.29%11.60%0.85%-4.57%-4.30%-1.24%-1,284 bps
Asset Quality
Nonperforming Loans / Loans0.31%0.13%0.46%0.45%0.61%0.23%0.20%0.13%-32 bps
Net Charge-Offs / Loans0.09%0.26%0.00%0.00%0.00%0.00%0.24%0.23%+23 bps
Allowance / Loans0.63%0.61%0.92%0.95%0.79%0.80%0.74%0.66%-29 bps
Allowance Coverage of NPLs2.0x4.7x2.0x2.1x1.3x3.5x3.8x5.1x+3.0x
Capital
Tier 1 Leverage Ratio9.14%8.92%7.78%8.04%9.18%9.55%8.48%8.35%+31 bps
Total Risk-Based Capital16.84%16.74%16.39%16.81%17.62%16.70%16.00%17.04%+23 bps
Equity / Assets9.45%8.40%7.01%8.17%9.80%9.20%7.83%8.83%+66 bps
Liquidity & Funding
Loans / Deposits66.63%54.44%47.85%55.44%64.89%55.73%50.46%57.02%+158 bps
Liquid Assets / Assets27.47%24.50%22.36%23.93%25.13%21.91%19.95%26.30%+237 bps
CRE / Total Capitaln/an/an/an/a95.85%104.42%111.48%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

Kindred State Bank

Kindred, ND · Cert 8946 · Peer group: banks under $1B in assets (n=581-629)

State charter, non-member · FDIC · 1 branch

Q2 2026

$43.3MAssets
$22.5MLoans
$39.4MDeposits
$3.8MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 71% of banks under $1B in assets (rank 168 of 581).
  • Widest gap: net charge-offs / loans trails 84% of banks under $1B in assets (rank 490 of 581).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.07%

Rank 293 of 629

Net Interest Margin

3.58%

Rank 296 of 629

Efficiency Ratio

64.79%

Rank 258 of 629

Equity / Assets

8.83%

Rank 495 of 629

Non-interest income vs. expense

$0.1M$1.1MINCOMEEXPENSE
Unfavorable gap of $1.0M · efficiency ratio beats 59% of banks under $1B in assets
Bank 64.79%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.07%0.60%1.01%1.45%Beats 53%293 / 629
Return on Equity12.12%5.38%9.30%13.28%Beats 68%203 / 629
Net Interest Margin3.58%3.03%3.54%4.05%Beats 53%296 / 629
Efficiency Ratio64.79%58.35%67.79%79.08%Beats 59%258 / 629
Asset Quality
Nonperforming Loans / Loans0.13%0.09%0.46%1.20%Beats 71%168 / 581
Net Charge-Offs / Loans0.12%n/a0.01%0.06%Beats 16%490 / 581
Capital
Tier 1 Capital Ratio16.33%11.24%13.84%18.77%Beats 66%212 / 629
Total Risk-Based Capital Ratio17.04%11.58%14.43%19.66%Beats 67%206 / 629
Equity / Assets8.83%9.09%10.65%13.80%Beats 21%495 / 629
Liquidity & Funding
Loans / Deposits57.02%67.24%80.90%93.48%15th pctl503 / 594
Loans / Assets51.85%53.31%67.71%78.15%23rd pctl483 / 629
Brokered Deposits / Depositsn/aNot reported for this institution