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First State Bank of Rosemount, The

Rosemount, MN · Cert 9769 · Higgins Bcorp 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

7

Q2 2024Q2 2026peer median (50)

Asset Quality

20

Q2 2024Q2 2026peer median (50)

Profitability

13

Q2 2024Q2 2026peer median (50)

Liquidity

72

Q2 2024Q2 2026peer median

Efficiency

6

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 Rosemount, The

Rosemount, MN · Cert 9769 · Higgins Bcorp Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$146.1MAssets
$102.8MLoans
$138.4MDeposits
$6.9MEquity
Loan mix
79%RE $82.3M12%C&I $12.8M9%Consumer $9.7MQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $112.0M19%Noninterest $26.5MQ2 2025Q2 2026

NIM

4.52%Q2 ’244.85%Q2 ’255.20%Q2 ’26-3%+4%

Non-interest income vs. expense

2.68%Q2 ’242.57%Q2 ’252.71%Q2 ’26-4%+1%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.1% share · #76 of 125 inst. · $0.1B of $253.2B

Executive Summary

  • Earnings: ROA of 0.33%, up 5 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 2.88% of loans (-71 bps YoY), with net charge-offs at 0.14%.
  • Capital: tier 1 leverage ratio of 6.28%, down 31 bps from a year ago.
  • Funding: loans stand at 74.27% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.33%+5 bps YoY

Net Interest Margin (YTD, annualized)

2.98%+11 bps YoY

Efficiency Ratio (YTD, annualized)

82.58%-179 bps YoY

Tier 1 Leverage Ratio

6.28%-31 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.28%0.32%0.11%0.12%0.33%+5 bps
Return on Equity6.81%7.58%2.53%2.76%7.53%+72 bps
Net Interest Margin2.87%2.82%2.71%2.94%2.98%+11 bps
Efficiency Ratio84.37%83.23%86.18%90.94%82.58%-179 bps
Non-Interest Burden2.39%2.32%2.31%2.66%2.41%+1 bps
Growth
Asset Growth (YoY)13.13%14.54%15.00%9.44%1.16%-1,197 bps
Loan Growth (YoY)17.20%16.98%14.18%4.92%-0.19%-1,739 bps
Deposit Growth (YoY)10.59%15.01%14.73%9.29%2.87%-773 bps
Asset Quality
Nonperforming Loans / Loans3.59%4.16%3.73%2.62%2.88%-71 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.19%0.14%+13 bps
Allowance / Loans0.83%0.87%1.03%1.06%1.16%+33 bps
Allowance Coverage of NPLs0.2x0.2x0.3x0.4x0.4x+0.2x
Capital
Tier 1 Leverage Ratio6.59%6.37%6.11%6.09%6.28%-31 bps
Total Risk-Based Capital10.20%9.80%9.86%10.13%10.89%+69 bps
Equity / Assets4.24%4.31%4.37%4.13%4.71%+47 bps
Liquidity & Funding
Loans / Deposits76.54%73.42%75.19%70.77%74.27%-227 bps
Liquid Assets / Assets0.34%1.78%0.59%5.85%1.70%+137 bps
CRE / Total Capitaln/a274%283%259%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 Rosemount, The

Rosemount, MN · Cert 9769 · Peer group: banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (n=53) · Higgins Bcorp Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$146.1MAssets
$102.8MLoans
$138.4MDeposits
$6.9MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 28% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 39 of 53).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area (rank 53 of 53).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.34%

Rank 49 of 53

Net Interest Margin

2.98%

Rank 48 of 53

Efficiency Ratio

82.58%

Rank 51 of 53

Equity / Assets

4.71%

Rank 53 of 53

Non-interest income vs. expense

$0.5M$4.1MINCOMEEXPENSE
Unfavorable gap of $3.7M · efficiency ratio beats 6% of banks under $1B in assets in the Minneapolis-St. Paul-Bloomington, MN-WI area
Bank 82.58%Peer median 65.1%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.34%0.73%1.11%1.30%Beats 8%49 / 53
Return on Equity7.27%7.88%12.20%14.12%Beats 21%42 / 53
Net Interest Margin2.98%3.39%3.77%4.09%Beats 9%48 / 53
Efficiency Ratio82.58%56.05%65.05%71.57%Beats 6%51 / 53
Asset Quality
Nonperforming Loans / Loans2.88%0.14%0.52%1.20%Beats 11%48 / 53
Net Charge-Offs / Loans0.07%0.00%0.01%0.08%Beats 28%39 / 53
Capital
Tier 1 Capital Ratio9.66%10.73%12.98%15.08%Beats 6%50 / 53
Total Risk-Based Capital Ratio10.89%11.49%13.79%16.34%Beats 15%45 / 53
Equity / Assets4.71%8.08%9.25%10.72%Beats 0%53 / 53
Liquidity & Funding
Loans / Deposits74.27%72.13%82.29%93.80%32nd pctl36 / 53
Loans / Assets70.38%63.64%71.80%79.37%42nd pctl31 / 53
Brokered Deposits / Depositsn/aNot reported for this institution