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Vantage Bank

Kent, MN · Cert 9733 · Minndak Bancshares 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 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=111 to 113). 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

15

Q2 2024Q2 2026peer median (50)

Asset Quality

80

Q2 2024Q2 2026peer median (50)

Profitability

78

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

65

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

Vantage Bank

Kent, MN · Cert 9733 · Minndak Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$85.0MAssets
$79.4MLoans
$75.4MDeposits
$7.0MEquity
Loan mix
83%RE $60.0M14%C&I $10.1M3%Consumer $2.5MQ3 2024Q2 2026
Deposit mix
77%Interest-bearing $58.1M23%Noninterest $17.4MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.48%, up 12 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.35% of loans (+35 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.47%, down 15 bps from a year ago.
  • Funding: loans stand at 105.18% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.48%+12 bps YoY

Net Interest Margin (YTD, annualized)

4.30%0 bps YoY

Efficiency Ratio (YTD, annualized)

56.52%-230 bps YoY

Tier 1 Leverage Ratio

8.47%-15 bps YoY

NIM

5.48%Q2 ’246.02%Q2 ’255.92%Q2 ’26+4%+0%

Non-interest income vs. expense

2.67%Q2 ’242.78%Q2 ’252.69%Q2 ’26+5%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.31%1.21%1.34%1.37%1.40%1.33%1.46%1.48%+12 bps
Return on Equity14.98%13.80%14.84%15.40%15.67%14.78%15.88%16.78%+138 bps
Net Interest Margin3.97%3.93%4.25%4.30%4.23%4.16%4.29%4.30%0 bps
Efficiency Ratio59.50%61.73%59.15%58.82%58.60%60.98%56.61%56.52%-230 bps
Non-Interest Burden2.17%2.24%2.35%2.33%2.29%2.36%2.25%2.21%-12 bps
Growth
Asset Growth (YoY)9.65%8.32%9.61%13.15%7.17%7.35%13.77%13.61%+46 bps
Loan Growth (YoY)18.28%20.34%16.81%11.87%7.86%8.23%9.53%13.86%+199 bps
Deposit Growth (YoY)-0.30%1.61%0.76%14.96%8.79%12.75%23.80%23.44%+848 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.35%+35 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.95%1.02%1.07%1.08%1.10%1.12%1.14%1.10%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a3.1xn/an/a
Capital
Tier 1 Leverage Ratio8.64%8.60%8.74%8.62%8.78%8.81%9.12%8.47%-15 bps
Total Risk-Based Capital11.47%11.66%12.10%11.47%12.09%12.41%12.50%11.37%-10 bps
Equity / Assets8.68%8.83%9.22%8.58%9.03%9.22%9.13%8.24%-34 bps
Liquidity & Funding
Loans / Deposits114.01%110.55%114.24%114.03%113.03%106.12%101.08%105.18%-885 bps
Liquid Assets / Assets0.19%0.16%0.14%0.23%0.17%0.12%0.17%0.13%-10 bps
CRE / Total Capitaln/an/an/an/a233%222%219%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

Vantage Bank

Kent, MN · Cert 9733 · Peer group: banks under $1B in assets in MN (n=111-113) · Minndak Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$85.0MAssets
$79.4MLoans
$75.4MDeposits
$7.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
  • Widest gap: tier 1 capital ratio trails 93% of banks under $1B in assets in MN (rank 105 of 113).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.41%

Rank 30 of 113

Net Interest Margin

4.30%

Rank 30 of 113

Efficiency Ratio

56.52%

Rank 40 of 113

Equity / Assets

8.24%

Rank 89 of 113

Non-interest income vs. expense

$0.4M$2.1MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 65% of banks under $1B in assets in MN
Bank 56.52%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.41%0.87%1.20%1.41%Beats 73%30 / 113
Return on Equity17.09%8.92%11.27%13.99%Beats 88%14 / 113
Net Interest Margin4.30%3.42%3.88%4.31%Beats 73%30 / 113
Efficiency Ratio56.52%54.13%61.48%69.86%Beats 65%40 / 113
Asset Quality
Nonperforming Loans / Loans0.35%0.09%0.58%1.82%Beats 59%46 / 111
Net Charge-Offs / Loans0.00%n/a0.00%0.04%Beats 100%36 / 111
Capital
Tier 1 Capital Ratio10.12%11.53%13.31%18.13%Beats 7%105 / 113
Total Risk-Based Capital Ratio11.37%12.12%14.43%19.39%Beats 17%94 / 113
Equity / Assets8.24%8.52%10.10%11.94%Beats 21%89 / 113
Liquidity & Funding
Loans / Deposits105.18%62.08%77.32%88.06%94th pctl7 / 111
Loans / Assets93.32%55.01%66.35%75.50%99th pctl1 / 113
Brokered Deposits / Depositsn/aNot reported for this institution