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Community Bank Mankato

Vernon Center, MN · Cert 9760 · Vernon Center Bancshares Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$538.3MAssets
$475.6MLoans
$473.9MDeposits
$51.1MEquity
Loan mix
91%RE $426.4M8%C&I $37.9M1%Consumer $4.9MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $393.1M17%Noninterest $80.8MQ2 2025Q2 2026

NIM

5.03%Q2 ’245.36%Q2 ’255.50%Q2 ’26+34%+15%

Non-interest income vs. expense

1.92%Q2 ’242.14%Q2 ’252.18%Q2 ’26+28%+1%

Market Position · Mankato, MN · 2026 SOD (annual) · 13.6% share · #2 of 19 inst. · $0.5B of $3.5B

Executive Summary

  • Earnings: ROA of 1.00%, up 20 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 2.15% of loans (-6 bps YoY), with net charge-offs at 0.53%.
  • Capital: tier 1 leverage ratio of 9.49%, up 82 bps from a year ago.
  • Funding: loans stand at 100.36% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.00%+20 bps YoY

Net Interest Margin (quarter, annualized)

3.52%+47 bps YoY

Efficiency Ratio (quarter, annualized)

58.04%-759 bps YoY

Tier 1 Leverage Ratio

9.49%+82 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.80%0.84%0.80%1.02%1.00%+20 bps
Return on Equity9.24%9.55%8.89%10.96%10.54%+131 bps
Net Interest Margin3.05%3.06%3.26%3.24%3.52%+47 bps
Efficiency Ratio65.63%59.93%64.61%58.17%58.04%-759 bps
Non-Interest Burden1.93%1.76%2.06%1.83%1.94%+1 bps
Growth
Asset Growth (YoY)-0.02%1.09%0.52%-1.00%-1.31%-130 bps
Loan Growth (YoY)-3.18%-6.14%-5.32%-3.97%-3.58%-40 bps
Deposit Growth (YoY)5.81%5.43%3.53%-1.21%0.87%-494 bps
Asset Quality
Nonperforming Loans / Loans2.21%2.36%2.22%2.26%2.15%-6 bps
Net Charge-Offs / Loans0.00%0.04%-0.01%0.00%0.53%+53 bps
Allowance / Loans0.96%1.01%1.04%1.05%0.98%+2 bps
Allowance Coverage of NPLs0.4x0.4x0.5x0.5x0.5x0.0x
Capital
Tier 1 Leverage Ratio8.66%8.69%8.99%9.30%9.49%+82 bps
Total Risk-Based Capital12.19%12.54%12.86%13.16%13.23%+103 bps
Equity / Assets8.72%8.83%9.20%9.39%9.49%+77 bps
Liquidity & Funding
Loans / Deposits104.99%101.22%102.22%101.17%100.36%-463 bps
Liquid Assets / Assets0.88%0.92%1.01%1.47%1.34%+46 bps
CRE / Total Capitaln/a665%648%631%n/an/a