BlastPoint's Banking Scorecard

FM Bank

$100M-$1B Specialty: Agricultural MN FDIC cert 10998

Waseca, MN

6 branches across MN

2664 banks in the $100M-$1B peer group nationally 152 in MN

FM Bank has 3 strengths but faces 3 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.

Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

+ Credit Quality Leader: Top 16.1% in tier
+ ROA 0.16% above tier average
+ Efficiency Ratio 16.53% below tier average

Key Concerns

Areas that may need attention

- Credit Quality Pressure: Bottom 2.9% in tier
- NIB Deposit Bleed: Bottom 17.7% in tier
- Net Interest Margin 0.59% below tier average

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Core Metrics

As of 2026-Q1

Metric	Current	vs Tier	Tier Avg	State Avg (MN)	National Avg	Tier Percentile
Total Assets ?	$702.6M +7.3% YoY -0.4% QoQ	+$316.5M	$386.1M +0.5% YoY	$512.9M +5.5% YoY	$6.2B +9.1% YoY	Top 12.5% in tier
Total Loans ?	$481.3M +18.2% YoY +3.4% QoQ	+$225.6M	$255.7M +1.1% YoY	$288.3M +6.9% YoY	$3.2B +10.8% YoY	Top 12.7% in tier
Total Deposits ?	$626.6M +6.6% YoY +1.0% QoQ	+$298.6M	$328.0M +0.1% YoY	$443.8M +5.0% YoY	$4.8B +8.2% YoY	Top 10.9% in tier
Return on Assets ?	1.43% +27.9% YoY +28.2% QoQ	+0.16%	1.27% +12.9% YoY	1.13% +10.7% YoY	1.23% +13.4% YoY	64%
Net Interest Margin ?	3.34% +15.2% YoY +7.2% QoQ	-0.59%	3.93% +6.0% YoY	3.93% +7.5% YoY	3.89% +5.7% YoY	24%
Efficiency Ratio ?	48.75% -15.2% YoY -18.1% QoQ	-16.53%	65.29% -4.5% YoY	64.77% -3.3% YoY	66.95% -4.1% YoY	Top 13.8% in tier
Delinquency Rate ?	0.02% +425.7% YoY -5.4% QoQ	-0.87%	0.89% +18.8% YoY	1.04% +28.9% YoY	0.95% +18.8% YoY	85%
Loan-to-Deposit Ratio ?	76.81% +10.9% YoY +2.4% QoQ	+0.17%	76.64% +0.8% YoY	76.69% -0.4% YoY	76.70% +0.9% YoY	53%
Non-Interest-Bearing Deposit Share ?	15.75% -55.2% YoY -6.0% QoQ	-6.27%	22.02% -1.0% YoY	21.87% -0.9% YoY	22.01% -1.2% YoY	27%
Nonperforming Asset Ratio ?	0.14% -0.1% QoQ	-0.50%	0.64% +19.7% YoY	0.77% +27.1% YoY	0.67% +19.3% YoY	66%
Tier 1 Capital Ratio ?	11.27% +7.0% YoY +4.4% QoQ	-4.56%	15.83% +1.5% YoY	15.37% +0.7% YoY	17.06% +0.8% YoY	26%
Non-Interest Income / Assets ?	0.04% +6.4% YoY -67.5% QoQ	-0.24%	0.28% +9.3% YoY	0.16% +5.0% YoY	0.32% +4.1% YoY	16%

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$250B+

12 performance metrics with tier, state, and national benchmarks

Signature behaviors (strengths & concerns)

Metric and signature rankings across 4,287 FDIC-insured banks

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Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).

Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Credit Quality Leader

growth

#108 of 664 • Top 16.1% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why this signature

Delinquency Rate: 0.02%

(Tier: 0.89%, National: 0.95%)

better than tier avg

664 of 664 Community banks match · 922 nationally

→ Stable +2 banks QoQ | QoQ rank improving

Concerns (2)

Credit Quality Pressure

risk

#39 of 1308 • Bottom 2.9% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature

Delinquency Rate: 0.02%

(Tier: 0.89%, National: 0.95%)

better than tier avg

1308 of 1308 Community banks match · 1899 nationally

→ Stable +2 banks QoQ

NIB Deposit Bleed

decline

#36 of 198 • Bottom 17.7% in tier

Non-interest-bearing deposit share dropped 2+ pp YoY and now below the tier median. Cheap funding leaving for higher-yield competitors.

Why this signature

Noninterest-Bearing Deposit Share: 15.75%

(Tier: 22.02%, National: 22.01%)

worse than tier avg

198 of 198 Community banks match · 238 nationally

↓ Shrinking -31 banks QoQ | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).

Concerns are metrics in the bottom 25% (25th percentile or lower).

Compare against:

Comparing against 2664 peers in $100M-$1B

Top Strengths (5 metrics)

292

Total Deposits

size

Value: $626.61M

Peer Median: $327.97M

#292 of 2664 Top 10.9% in $100M-$1B

335

Total Assets

size

Value: $702.58M

Peer Median: $386.08M

#335 of 2664 Top 12.5% in $100M-$1B

340

Total Loans

size

Value: $481.27M

Peer Median: $255.72M

#340 of 2664 Top 12.7% in $100M-$1B

369

Efficiency Ratio

profitability

Value: 48.75%

Peer Median: 65.29%

#369 of 2664 Top 13.8% in $100M-$1B

411

Delinquency Rate

credit_quality

Value: 0.02%

Peer Median: 0.89%

#411 of 2654 Top 15.4% in $100M-$1B

Top Weaknesses (2 metrics)

2229

Non-Interest Income / Assets

revenue_mix

Value: 0.04%

Peer Median: 0.28%

#2229 of 2664 Bottom 16.4% in $100M-$1B

2038

Net Interest Margin

profitability

Value: 3.34%

Peer Median: 3.93%

#2038 of 2664 Bottom 23.5% in $100M-$1B