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Q2 2026 · read from the 30 June 2026 Call Report · United States · Plains · Minnesota, the state note

21st Century Bank

Loretto, Minnesota · $895M in assets · beside the 11 other Minnesota banks between $300M and $1B

The filing

41.5%
CRE / loans
11th of 12
102.1%
Loans / deposits
10th of 12
273.4%
CRE / capital
10th of 12

21st Century Bank is the fifth largest of the 12 Minnesota banks nearest its size between $300M and $1B, with $895M in assets at 30 June 2026. Loans are 102.1% of deposits, 10th of 12 against a median of 89.5%, and equity is 9.2% of assets, 9th of 12. Loans grew +9.5% in the year, 4th of 12, and deposits grew 5.5%; the cohort's median loan growth is +4.9%.

Noncurrent loans are 0.19% of the book, 4th of 12 against a median of 0.24%; 0.34% is 30 to 89 days past due, and the allowance covers them 4.7 times. Net charge-offs are 0.10% of loans, 10th of 12. Commercial real estate is 41.5% of loans, 11th of 12 against a median of 28.7%, and 273% of capital, below the 300% screen, with construction at 42% against the 100% screen.

Return on assets is 1.30%, 8th of 12 against a median of 1.47%, on an efficiency ratio of 49.8%, 5th of 12. Five years ago it was 1.58%. The question is which of these lines moves first over the next four quarters, and against which peer.

Commercial real estate, share of loansMN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 28.7% VU Versabank USA National Association 0.0% VS Vermillion State Bank 5.6% FN First National Bank North 14.9% UP United Prairie Bank 18.9% PB Platinum Bank 23.5% PB Pioneer Bank 27.9% FN Falcon National Bank 29.4% MB Midwest Bank 29.9% HB Highland Bank 34.5% NB Northeast Bank 39.6% sC 21st Century Bank 41.5% AB Alliance Bank 45.5%
Loans, year over yearMN banks $300M to $1B · 30 June 2026 · no better direction, largest first
median +4.9% VU Versabank USA National Association +387.3% MB Midwest Bank +19.7% FN First National Bank North +10.4% sC 21st Century Bank +9.5% PB Platinum Bank +6.5% AB Alliance Bank +6.1% PB Pioneer Bank +3.7% VS Vermillion State Bank +3.6% UP United Prairie Bank +2.3% HB Highland Bank +0.8% NB Northeast Bank +0.4% FN Falcon National Bank -2.9%

SBA 7(a), FY2008 to FY2026

21st Century Bank is the 8th largest 7(a) lender into Minnesota of 444, with $238M across 699 loans, 2.4% of everything approved in the state (Old National Bank leads with $1.05B). 19 of its 35 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Minnesota, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Hennepin, MN$94M8th of 2283.2%-4.1 pts
Anoka, MN$56M3rd of 1367.7%-1.0 pts
Ramsey, MN$23M10th of 1392.4%-3.2 pts
Washington, MN$14M7th of 1093.4%-5.2 pts
Dakota, MN$14M15th of 1601.7%-2.1 pts
Wright, MN$7M9th of 952.9%-5.9 pts
Carver, MN$5M9th of 862.5%-3.4 pts
Sherburne, MN$4M13th of 842.1%-2.0 pts
Aitkin, MN$4M3rd of 2413.2%quiet FY2020
Saint Croix, WI$3M18th of 631.7%quiet FY2020
Saint Louis, MN$3M24th of 681.4%+2.1 pts
Eau Claire, WI$3M14th of 531.8%quiet FY2016
Isanti, MN$3M8th of 394.8%quiet FY2022
22 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Manufacturing108$53M21.3%0.13%135th of 2,246
Health care & social assistance119$40M15.9%0.08%153rd of 2,172
Construction95$29M11.8%0.09%170th of 2,063
Professional & technical services52$21M8.4%0.06%183rd of 1,955
Wholesale trade34$18M7.3%0.07%200th of 1,651
7(a) lenders into Minnesota, share of approvals since FY2008444 lenders on record; the ten largest and 21st Century Bank
ON Old National Bank 10.7% $1.05B · 2,156 loans WF Wells Fargo Bank National Associa… 6.7% $663M · 2,451 loans UB U.S. Bank, National Association 5.7% $556M · 3,508 loans B Bankvista 4.5% $438M · 1,010 loans CF Choice Financial Group 3.6% $349M · 744 loans PB Platinum Bank 3.2% $318M · 420 loans LO Live Oak Banking Company 2.5% $247M · 190 loans sC 21st Century Bank 2.4% $238M · 699 loans FN Falcon National Bank 2.1% $211M · 546 loans SB Sunrise Banks National Association 2.1% $204M · 726 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 4 CBLR filers; owner-occupied excluded; bold marks a screen met
21st Century BankRankCohort median
Total CRE against capital, the 300% screen273%10th of 12235%
Construction against capital, the 100% screen42%8th of 1239%
Construction and land development, share of loans6.4%8th of 124.4%
Non-owner-occupied nonfarm nonresidential, share of loans19.1%9th of 1211.2%
Total CRE, the guidance definition, share of loans41.5%11th of 1228.7%
CRE growth over 36 months, the third prong+24.0%8th of 12+22.5%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Midwest Bank$985M2.5%40.1%0.05%0.00%0.9%112.9%9.5%
United Prairie Bank$939M1.4%58.2%0.66%0.09%0.9%100.7%10.2%
Vermillion State Bank$931M2.6%23.2%0.24%-0.12%1.6%52.5%13.1%
Versabank USA National Association$912M1.2%42.0%0.10%0.00%0.0%85.4%20.6%
21st Century Bank$895M1.3%49.8%0.19%0.10%0.9%102.1%9.2%
Pioneer Bank$884M1.6%57.0%0.58%0.03%1.0%85.1%10.2%
Falcon National Bank$872M1.2%61.6%1.04%0.61%1.8%97.0%10.6%
First National Bank North$864M2.6%48.7%0.23%0.02%1.5%85.4%11.9%
Northeast Bank$837M1.5%64.3%0.20%-0.09%0.9%78.4%8.4%
Highland Bank$776M0.0%75.2%2.51%0.79%2.5%82.3%7.4%
Alliance Bank$756M1.0%64.4%0.01%-0.01%1.7%93.6%10.2%
Platinum Bank$739M1.5%58.1%0.81%0.00%1.3%108.5%8.2%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
21st Century BankCohort median
20212026Change20212026Change
Loans$529M$673M+27%$458M$647M+41%
Deposits$520M$659M+27%$638M$759M+19%
NPA / loans0.14%0.19%+0.05 pts0.37%0.24%-0.13 pts
Efficiency46.9%49.8%+3.0 pts53.9%57.5%+3.6 pts
ROA1.58%1.30%-0.28 pts1.66%1.47%-0.19 pts

This read was prepared for 21st Century Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on 21st Century Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort MN banks $300M to $1B
Institution www.21stcb.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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