PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First International Bank and Trust

Watford City, ND · Cert 10248 · Watford City Bancshares Inc.

State charter, non-member · FDIC · 28 branches

Q2 2026

$6.2BAssets
$5.0BLoans
$5.5BDeposits
$517.7MEquity
Loan mix
74%RE $3.3B24%C&I $1.1B1%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
75%Interest-bearing $4.1B25%Noninterest $1.3BQ2 2025Q2 2026

NIM

5.64%Q2 ’245.58%Q2 ’255.54%Q2 ’26+7%+1%

Non-interest income vs. expense

3.00%Q2 ’243.14%Q2 ’253.34%Q2 ’26+14%+14%

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 11.9% share · #2 of 32 inst. · $1.5B of $12.9B

12.3% Cass
73.6% McKenzie
0.4% Maricopa
15.4% Ward

Executive Summary

  • Earnings: ROA of 0.96%, down 61 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 1.54% of loans (-39 bps YoY), with net charge-offs at 0.20%.
  • Capital: tier 1 leverage ratio of 9.06%, down 25 bps from a year ago.
  • Funding: loans stand at 91.33% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.96%-61 bps YoY

Net Interest Margin (YTD, annualized)

3.83%+2 bps YoY

Efficiency Ratio (YTD, annualized)

70.42%+541 bps YoY

Tier 1 Leverage Ratio

9.06%-25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.57%1.41%1.38%1.00%0.96%-61 bps
Return on Equity18.64%16.71%16.40%11.87%11.40%-724 bps
Net Interest Margin3.81%3.77%3.75%3.77%3.83%+2 bps
Efficiency Ratio65.01%65.65%65.93%67.99%70.42%+541 bps
Non-Interest Burden2.16%2.17%2.18%2.30%2.46%+30 bps
Growth
Asset Growth (YoY)1.78%5.57%12.98%10.47%12.36%+1,058 bps
Loan Growth (YoY)2.64%4.76%7.82%9.80%9.35%+671 bps
Deposit Growth (YoY)-0.65%4.50%12.32%9.74%13.67%+1,432 bps
Asset Quality
Nonperforming Loans / Loans1.93%1.83%1.85%1.62%1.54%-39 bps
Net Charge-Offs / Loans0.01%0.06%0.04%0.35%0.20%+19 bps
Allowance / Loans1.05%1.05%1.09%1.05%1.04%-1 bps
Allowance Coverage of NPLs0.5x0.6x0.6x0.6x0.7x+0.1x
Capital
Tier 1 Leverage Ratio9.31%9.17%9.29%9.32%9.06%-25 bps
Total Risk-Based Capital12.06%11.92%12.05%12.16%11.71%-35 bps
Equity / Assets8.50%8.55%8.29%8.59%8.38%-11 bps
Liquidity & Funding
Loans / Deposits94.94%93.07%86.69%89.72%91.33%-361 bps
Liquid Assets / Assets1.48%2.97%8.65%5.76%4.30%+283 bps
CRE / Total Capitaln/a403%399%390%n/an/a