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First State Bank of Le Center

Le Center, MN · Cert 9330 · First St Agency of Le Ctr Inc.

State charter, non-member · FDIC · 2 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 the Minneapolis-St. Paul-Bloomington, MN-WI area3

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 the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53). 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

67

Q2 2024Q2 2026peer median (50)

Asset Quality

48

Q2 2024Q2 2026peer median (50)

Profitability

85

Q2 2024Q2 2026peer median (50)

Liquidity

90

Q2 2024Q2 2026peer median

Efficiency

75

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

First State Bank of Le Center

Le Center, MN · Cert 9330 · First St Agency of Le Ctr Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$110.4MAssets
$77.8MLoans
$92.3MDeposits
$12.1MEquity
Loan mix
72%RE $40.7M17%C&I $9.6M11%Consumer $6.5MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $70.9M23%Noninterest $21.4MQ3 2024Q2 2026

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.0% share · #107 of 125 inst. · $0.1B of $253.2B

8.2% Le Sueur
6.4% Sibley

Executive Summary

  • Earnings: ROA of 1.61%, up 62 bps year over year; NIM at 4.47%.
  • Asset quality: problem loans at 0.81% of loans (+73 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 11.15%, up 58 bps from a year ago.
  • Funding: loans stand at 84.29% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.61%+62 bps YoY

Net Interest Margin (YTD, annualized)

4.47%+43 bps YoY

Efficiency Ratio (YTD, annualized)

56.05%-508 bps YoY

Tier 1 Leverage Ratio

11.15%+58 bps YoY

NIM

4.91%Q2 ’245.11%Q2 ’255.54%Q2 ’26+2%+11%

Non-interest income vs. expense

2.52%Q2 ’242.60%Q2 ’252.66%Q2 ’26+6%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.17%1.27%1.00%1.20%1.10%1.57%1.61%+62 bps
Return on Equity12.92%11.58%12.39%9.77%11.66%10.70%14.98%15.15%+538 bps
Net Interest Margin4.04%3.88%4.02%4.04%4.12%4.05%4.35%4.47%+43 bps
Efficiency Ratio60.41%62.32%62.49%61.13%58.63%62.09%56.34%56.05%-508 bps
Non-Interest Burden2.34%2.33%2.42%2.39%2.32%2.43%2.35%2.39%0 bps
Growth
Asset Growth (YoY)0.76%-4.26%3.85%4.85%7.71%8.12%1.78%0.04%-482 bps
Loan Growth (YoY)7.82%6.56%9.16%8.08%10.19%11.16%11.04%9.20%+113 bps
Deposit Growth (YoY)-3.56%-5.89%3.31%3.96%7.61%7.95%0.77%-1.06%-502 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.49%0.90%0.09%1.18%0.90%0.89%0.81%+73 bps
Net Charge-Offs / Loans0.03%0.06%-0.08%-0.01%-0.01%0.28%0.00%-0.01%0 bps
Allowance / Loans1.17%1.26%1.27%1.51%1.49%1.25%1.24%1.23%-29 bps
Allowance Coverage of NPLs19.6x2.6x1.4x17.7x1.3x1.4x1.4x1.5x-16.2x
Capital
Tier 1 Leverage Ratio11.22%10.95%10.61%10.57%10.77%10.63%10.67%11.15%+58 bps
Total Risk-Based Capital15.38%16.52%14.16%13.60%14.71%13.88%13.95%14.74%+114 bps
Equity / Assets10.77%10.52%9.94%10.11%10.56%10.50%10.46%10.94%+83 bps
Liquidity & Funding
Loans / Deposits77.36%76.45%74.39%76.37%79.22%78.72%81.98%84.29%+792 bps
Liquid Assets / Assets4.35%4.21%4.09%3.88%3.64%3.52%3.21%3.22%-67 bps
CRE / Total Capitaln/an/an/an/a57.11%64.61%63.47%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

First State Bank of Le Center

Le Center, MN · Cert 9330 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · First St Agency of Le Ctr Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$110.4MAssets
$77.8MLoans
$92.3MDeposits
$12.1MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 91% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 5 of 53).
  • Widest gap: nonperforming loans / loans trails 62% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 34 of 53).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.63%

Rank 9 of 53

Net Interest Margin

4.47%

Rank 5 of 53

Efficiency Ratio

56.05%

Rank 14 of 53

Equity / Assets

10.94%

Rank 11 of 53

Non-interest income vs. expense

$0.3M$2.9MINCOMEEXPENSE
Unfavorable gap of $2.6M · efficiency ratio beats 75% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 56.05%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.63%0.73%1.11%1.30%Beats 83%9 / 53
Return on Equity14.90%7.88%12.20%14.12%Beats 81%10 / 53
Net Interest Margin4.47%3.39%3.77%4.09%Beats 91%5 / 53
Efficiency Ratio56.05%56.05%65.05%71.57%Beats 75%14 / 53
Asset Quality
Nonperforming Loans / Loans0.81%0.14%0.52%1.20%Beats 38%34 / 53
Net Charge-Offs / Loans0.01%0.00%0.01%0.08%Beats 57%24 / 53
Capital
Tier 1 Capital Ratio13.68%10.73%12.98%15.08%Beats 62%20 / 53
Total Risk-Based Capital Ratio14.74%11.49%13.79%16.34%Beats 60%21 / 53
Equity / Assets10.94%8.08%9.25%10.72%Beats 79%11 / 53
Liquidity & Funding
Loans / Deposits84.29%72.13%82.29%93.80%55th pctl24 / 53
Loans / Assets70.46%63.64%71.80%79.37%43rd pctl30 / 53
Brokered Deposits / Depositsn/aNot reported for this institution