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Rivers Edge Bank

Marion, SD · Cert 9935 · First State Associates Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$357.1MAssets
$273.6MLoans
$295.9MDeposits
$32.5MEquity
Loan mix
77%RE $121.3M19%C&I $30.2M4%Consumer $6.7MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $246.0M17%Noninterest $49.8MQ3 2024Q2 2026

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.0% share · #21 of 42 inst. · $0.2B of $1127.8B

38.4% Turner
72.4% Miner
2.1% Sioux
16.1% McCook

Executive Summary

  • Earnings: ROA of 1.23%, up 25 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.16% of loans (+7 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 8.30%, up 14 bps from a year ago.
  • Funding: loans stand at 92.47% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.23%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+42 bps YoY

Efficiency Ratio (YTD, annualized)

53.09%-675 bps YoY

Tier 1 Leverage Ratio

8.30%+14 bps YoY

NIM

5.13%Q2 ’245.37%Q2 ’255.63%Q2 ’26+14%+13%

Non-interest income vs. expense

2.49%Q2 ’242.09%Q2 ’252.07%Q2 ’26-21%0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.50%0.62%0.96%0.98%1.03%1.17%1.03%1.23%+25 bps
Return on Equity5.99%7.41%11.14%11.22%11.62%13.11%11.18%13.49%+227 bps
Net Interest Margin2.87%2.90%3.22%3.30%3.43%3.46%3.79%3.72%+42 bps
Efficiency Ratio77.14%72.85%61.25%59.85%58.03%55.95%51.43%53.09%-675 bps
Non-Interest Burden2.15%2.03%1.87%1.86%1.87%1.81%1.83%1.86%-1 bps
Growth
Asset Growth (YoY)5.67%2.88%6.62%5.42%6.14%10.61%11.00%12.45%+703 bps
Loan Growth (YoY)3.39%4.79%9.02%10.72%16.79%16.55%20.70%16.32%+560 bps
Deposit Growth (YoY)8.69%3.92%2.61%-0.12%-0.55%3.75%6.41%9.95%+1,006 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.11%0.09%0.09%0.08%0.16%0.15%0.16%+7 bps
Net Charge-Offs / Loans0.08%0.05%-0.05%-0.03%-0.02%-0.01%0.02%0.06%+9 bps
Allowance / Loans1.12%1.11%1.14%1.18%1.23%1.18%1.30%1.27%+9 bps
Allowance Coverage of NPLs10.6x10.2x12.0x13.2x15.0x7.2x8.5x7.9x-5.2x
Capital
Tier 1 Leverage Ratio7.96%8.02%8.20%8.16%8.31%8.46%8.37%8.30%+14 bps
Total Risk-Based Capital11.86%11.77%11.93%11.81%11.48%11.61%11.40%11.58%-23 bps
Equity / Assets8.74%8.56%8.73%8.88%9.14%9.29%9.06%9.09%+21 bps
Liquidity & Funding
Loans / Deposits81.00%84.14%84.22%87.40%95.12%94.51%95.53%92.47%+507 bps
Liquid Assets / Assets0.59%0.08%1.47%0.60%0.44%0.08%0.09%2.38%+178 bps
CRE / Total Capitaln/an/an/an/a90.61%82.01%78.34%n/an/a