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

Falcon National Bank

Foley, Minnesota · $872M in assets · beside the 11 other Minnesota banks between $300M and $1B

The filing

-2.9%
Loans, year over year
12th of 12, largest first
1.04%
NPA / loans
11th of 12
10.6%
Equity / assets
4th of 12

Falcon National Bank is the seventh largest of the 12 Minnesota banks nearest its size between $300M and $1B, with $872M in assets at 30 June 2026. Loans are 97.0% of deposits, 8th of 12 against a median of 89.5%, and equity is 10.6% of assets, 4th of 12. Loans grew -2.9% in the year, the slowest in the cohort, and deposits fell 2.6%; the cohort's median loan growth is +4.9%.

Noncurrent loans are 1.04% of the book, 11th of 12 against a median of 0.24%; 0.98% is 30 to 89 days past due, and the allowance covers them 1.8 times. Net charge-offs are 0.61% of loans, 11th of 12. Commercial real estate is 29.4% of loans, 7th of 12 against a median of 28.7%, and 246% of capital, below the 300% screen, with construction at 81% against the 100% screen.

Return on assets is 1.21%, 9th of 12 against a median of 1.47%, on an efficiency ratio of 61.6%, 9th of 12. Five years ago it was 0.88%. The question is which of these lines moves first over the next four quarters, and against which peer.

Nonperforming loans, share of loansMN banks $300M to $1B · 30 June 2026 · lower is stronger, listed first
median 0.24% AB Alliance Bank 0.01% MB Midwest Bank 0.05% VU Versabank USA National Association 0.10% sC 21st Century Bank 0.19% NB Northeast Bank 0.20% FN First National Bank North 0.23% VS Vermillion State Bank 0.24% PB Pioneer Bank 0.58% UP United Prairie Bank 0.66% PB Platinum Bank 0.81% FN Falcon National Bank 1.04% HB Highland Bank 2.51%
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

Falcon National Bank is the 9th largest 7(a) lender into Minnesota of 444, with $211M across 546 loans, 2.1% of everything approved in the state (Old National Bank leads with $1.05B). 33 of its 69 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
Stearns, MN$64M1st of 7616.5%+8.7 pts
Hennepin, MN$51M14th of 2281.8%-0.8 pts
Benton, MN$24M1st of 3323.1%-16.7 pts
Anoka, MN$14M12th of 1362.0%+0.8 pts
Maricopa, AZ$8M85th of 3030.1%-0.5 pts
Rutherford, TN$7M10th of 862.9%+7.3 pts
Sherburne, MN$7M8th of 843.7%+7.3 pts
Montgomery, PA$7M45th of 1600.5%thin
Clay, MN$6M2nd of 429.0%+19.9 pts
Chester, PA$5M36th of 1210.6%thin
Dakota, MN$5M29th of 1600.6%-2.3 pts
Ramsey, MN$5M38th of 1390.5%-1.0 pts
Kandiyohi, MN$4M7th of 354.7%quiet FY2020
56 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
Transportation & warehousing92$64M22.9%0.48%37th of 1,563
Manufacturing76$39M13.9%0.10%187th of 2,246
Retail trade81$34M12.2%0.06%227th of 2,589
Construction78$25M8.9%0.08%198th of 2,063
Health care & social assistance45$17M6.1%0.04%283rd of 2,172
7(a) lenders into Minnesota, share of approvals since FY2008444 lenders on record; the ten largest and Falcon National 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, Falcon National Bank among them; owner-occupied excluded; bold marks a screen met
Falcon National BankRankCohort median
Total CRE against capital, the 300% screen246%7th of 12235%
Construction against capital, the 100% screen81%11th of 1239%
Construction and land development, share of loans9.7%9th of 124.4%
Non-owner-occupied nonfarm nonresidential, share of loans6.9%4th of 1211.2%
Total CRE, the guidance definition, share of loans29.4%7th of 1228.7%
CRE growth over 36 months, the third prong+14.5%4th 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
Falcon National BankCohort median
20212026Change20212026Change
Loans$621M$745M+20%$458M$647M+41%
Deposits$649M$769M+18%$638M$759M+19%
NPA / loans0.17%1.04%+0.88 pts0.37%0.24%-0.13 pts
Efficiency63.7%61.6%-2.1 pts53.9%57.5%+3.6 pts
ROA0.88%1.21%+0.33 pts1.66%1.47%-0.19 pts

This read was prepared for Falcon National 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 Falcon National 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.falconnational.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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