CharterBench

North Shore Bank of Commerce

BankStateDuluth, MN·Est. 1915·www.northshore.bank·FDIC #8850Compare ⇄
Total assets
$598.5M
+8.5% YoY
Deposits
$516.5M
+10.5% YoY
Loans
$468.6M
+9.7% YoY
Offices
7
NORTH SHORE FINANCIAL CORP
ROA (annualized)
1.56%
peers 1.28%
ROE (annualized)
18.32%
peers 12.44%

Peer comparison 748 banks with 500M-1B in assets

MetricThis bankPeer medianΔ
Asset growth (YoY)+8.5%+4.9%+3.6 pts
Deposit growth (YoY)+10.5%+4.3%+6.1 pts
Loan growth (YoY)+9.7%+5.3%+4.4 pts
ROA1.56%1.28%+0.3 pts
ROE18.3%12.4%+5.9 pts

ROA ranks in the 67th percentile of its peer group · Q2 2026

Profile

Established
1915
Charter
State
Primary regulator
FED
Holding company
NORTH SHORE FINANCIAL CORP
Specialization
Commercial Lending Specialization
Address
131 W Superior St, Duluth, MN, 55802
County
St. Louis
Metro area
Duluth, MN-WI
Offices
7
FDIC cert #
8850
RSSD ID
126553
Latest call report
Q2 2026

Total assets last 8 quarters

Q3 2024 → Q2 2026

Deposits last 8 quarters

Q3 2024 → Q2 2026

Quarterly financials FDIC call report

QuarterAssetsDepositsLoansEquityNet income YTDROANIMNonperforming
Q2 2026$598.5M$516.5M$468.6M$49.9M$4.6M1.56%4.40%0.11%
Q1 2026$580.8M$491.6M$449.6M$49.7M$2.0M1.34%4.26%0.18%
Q4 2025$582.8M$493.4M$437.1M$50.6M$8.6M1.55%4.27%0.13%
Q3 2025$565.3M$478.1M$438.1M$48.2M$5.7M1.40%4.22%0.10%
Q2 2025$551.8M$467.6M$427.1M$45.5M$3.5M1.30%4.13%0.11%
Q1 2025$537.1M$451.4M$418.8M$47.7M$1.4M1.06%4.04%0.11%
Q4 2024$523.6M$426.1M$418.3M$46.9M$11.4M2.23%4.07%0.12%
Q3 2024$525.6M$407.9M$425.5M$42.4M$4.4M1.16%3.99%0.08%

Loan mix (Q2 2026): real estate $430.9M · commercial $31.9M · consumer $6.6M · securities $54.3M

Ratio pack Q2 2026 · peer medians from 748 institutions

Profitability
RatioValueTrend (8q)Peer medianPeer percentile
Return on assets
Annualized net income ÷ assets
1.56%Q3 2024 → Q2 20261.28%
67th
Return on equity
Annualized net income ÷ equity or net worth
18.3%Q3 2024 → Q2 202612.4%
82th
Net interest margin
Interest income − interest expense, ÷ assets
4.40%Q3 2024 → Q2 20263.89%
78th
Efficiency ratio
Operating expense ÷ revenue — lower is leaner
72.6%Q3 2024 → Q2 202661.2%
80th
Non-interest income share
Fees and other income as a share of total revenue
00.0%
00.0%
Cost of funds
Annualized interest expense ÷ deposits
00.0%
00.0%
Balance sheet
RatioValueTrend (8q)Peer medianPeer percentile
Loan-to-deposit
Loans ÷ deposits (shares). Above ~90% needs funding; below ~60% needs loan demand
00.0%
00.0%
Loans-to-assets
How much of the balance sheet is lent out
00.0%
00.0%
Securities-to-assets
Investment portfolio as a share of assets
00.0%
00.0%
Cash-to-assets
On-balance-sheet liquidity
00.0%
00.0%
Capital
RatioValueTrend (8q)Peer medianPeer percentile
Capital ratio
Tier 1 capital (banks) or net worth (CUs) ÷ assets. NCUA well-capitalized line: 7%
00.0%
00.0%
Credit quality
RatioValueTrend (8q)Peer medianPeer percentile
Nonperforming / delinquency
Banks: nonperforming assets ÷ assets. CUs: 60+ day delinquent loans ÷ loans
00.0%
00.0%
Net charge-off rate
Annualized charge-offs net of recoveries ÷ loans
00.0%
00.0%
CRE concentration
Commercial real estate loans ÷ capital. Regulators flag banks above 300%
00.0%
00.0%
Franchise
RatioValueTrend (8q)Peer medianPeer percentile
Assets per office
Branch efficiency; high numbers usually mean digital-first
00.0%
00.0%
11 more ratios, with trends and peer percentiles.

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