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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

$110.4MAssets
$77.8MLoans
$92.3MDeposits
$12.1MEquity
Loan mix
72%RE $40.7M17%C&I $9.6M11%Consumer $6.5MQ2 2025Q2 2026
Deposit mix
77%Interest-bearing $70.9M23%Noninterest $21.4MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.00%1.20%1.10%1.57%1.61%+62 bps
Return on Equity9.77%11.66%10.70%14.98%15.15%+538 bps
Net Interest Margin4.04%4.12%4.05%4.35%4.47%+43 bps
Efficiency Ratio61.13%58.63%62.09%56.34%56.05%-508 bps
Non-Interest Burden2.39%2.32%2.43%2.35%2.39%0 bps
Growth
Asset Growth (YoY)4.85%7.71%8.12%1.78%0.04%-482 bps
Loan Growth (YoY)8.08%10.19%11.16%11.04%9.20%+113 bps
Deposit Growth (YoY)3.96%7.61%7.95%0.77%-1.06%-502 bps
Asset Quality
Nonperforming Loans / Loans0.09%1.18%0.90%0.89%0.81%+73 bps
Net Charge-Offs / Loans-0.01%-0.01%0.28%0.00%-0.01%0 bps
Allowance / Loans1.51%1.49%1.25%1.24%1.23%-29 bps
Allowance Coverage of NPLs17.7x1.3x1.4x1.4x1.5x-16.2x
Capital
Tier 1 Leverage Ratio10.57%10.77%10.63%10.67%11.15%+58 bps
Total Risk-Based Capital13.60%14.71%13.88%13.95%14.74%+114 bps
Equity / Assets10.11%10.56%10.50%10.46%10.94%+83 bps
Liquidity & Funding
Loans / Deposits76.37%79.22%78.72%81.98%84.29%+792 bps
Liquid Assets / Assets3.88%3.64%3.52%3.21%3.22%-67 bps
CRE / Total Capitaln/a57.11%64.61%63.47%n/an/a