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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 1.51%, up 11 bps year over year; NIM at 4.39%.
  • 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 (quarter, annualized)

1.51%+11 bps YoY

Net Interest Margin (quarter, annualized)

4.39%+7 bps YoY

Efficiency Ratio (quarter, annualized)

56.45%-206 bps YoY

Tier 1 Leverage Ratio

8.47%-15 bps YoY

NIM

5.65%Q2 ’246.05%Q2 ’256.01%Q2 ’26+3%+2%

Non-interest income vs. expense

2.81%Q2 ’242.82%Q2 ’252.80%Q2 ’26+1%-4%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.25%0.91%1.34%1.41%1.44%1.11%1.46%1.51%+11 bps
Return on Equity14.35%10.40%14.84%15.81%16.40%12.17%15.88%17.42%+161 bps
Net Interest Margin4.06%4.25%4.25%4.32%4.41%4.39%4.29%4.39%+7 bps
Efficiency Ratio60.86%67.81%59.15%58.51%58.17%67.69%56.61%56.45%-206 bps
Non-Interest Burden2.25%2.73%2.35%2.31%2.36%2.83%2.25%2.21%-9 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 / Loans0.00%0.00%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