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First State Bank of Bigfork

Bigfork, MN · Cert 10991 · Bigfork Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in MN3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in MN (n=111 to 113). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

74

Q2 2024Q2 2026peer median (50)

Asset Quality

9

Q2 2024Q2 2026peer median (50)

Profitability

43

Q2 2024Q2 2026peer median (50)

Liquidity

89

Q2 2024Q2 2026peer median

Efficiency

35

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First State Bank of Bigfork

Bigfork, MN · Cert 10991 · Bigfork Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$117.4MAssets
$80.9MLoans
$101.3MDeposits
$13.2MEquity
Loan mix
78%RE $59.5M13%C&I $9.9M9%Consumer $6.8MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $84.2M17%Noninterest $17.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.10%, up 37 bps year over year; NIM at 3.95%.
  • Asset quality: problem loans at 6.39% of loans (+56 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 11.33%, down 8 bps from a year ago.
  • Funding: loans stand at 79.92% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.10%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.95%+24 bps YoY

Efficiency Ratio (YTD, annualized)

65.54%-408 bps YoY

Tier 1 Leverage Ratio

11.33%-8 bps YoY

NIM

5.45%Q2 ’245.62%Q2 ’255.87%Q2 ’26+2%+7%

Non-interest income vs. expense

2.56%Q2 ’242.72%Q2 ’252.76%Q2 ’26+11%-1%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.71%0.68%0.58%0.73%0.59%0.66%1.22%1.10%+37 bps
Return on Equity6.44%6.12%5.26%6.54%5.32%5.91%10.99%9.81%+327 bps
Net Interest Margin3.69%3.69%3.70%3.71%3.44%3.57%4.12%3.95%+24 bps
Efficiency Ratio66.41%69.23%73.43%69.62%72.43%71.31%63.91%65.54%-408 bps
Non-Interest Burden2.36%2.48%2.66%2.52%2.40%2.45%2.52%2.50%-2 bps
Growth
Asset Growth (YoY)2.52%4.96%4.20%5.59%4.91%4.86%5.91%6.75%+115 bps
Loan Growth (YoY)7.21%5.01%2.20%-0.77%-2.65%-3.42%-3.16%-2.27%-150 bps
Deposit Growth (YoY)2.72%5.75%4.78%6.28%5.64%5.49%6.74%7.51%+123 bps
Asset Quality
Nonperforming Loans / Loans5.18%4.50%5.06%5.83%6.99%6.67%7.14%6.39%+56 bps
Net Charge-Offs / Loans0.05%0.24%0.12%0.39%0.28%0.27%-0.32%-0.08%-47 bps
Allowance / Loans1.32%1.18%1.26%1.17%1.23%1.25%1.41%1.40%+23 bps
Allowance Coverage of NPLs0.3x0.3x0.2x0.2x0.2x0.2x0.2x0.2x0.0x
Capital
Tier 1 Leverage Ratio11.57%11.48%11.25%11.41%11.39%11.41%11.21%11.33%-8 bps
Total Risk-Based Capital11.57%17.67%18.61%18.71%18.85%19.69%20.24%20.47%+176 bps
Equity / Assets11.26%11.11%11.00%11.32%11.32%11.31%10.93%11.27%-5 bps
Liquidity & Funding
Loans / Deposits94.21%91.65%86.66%87.91%86.82%83.91%78.62%79.92%-799 bps
Liquid Assets / Assets9.68%11.70%14.84%10.73%12.96%15.72%16.26%13.91%+318 bps
CRE / Total Capitaln/an/an/an/a110.12%104.13%99.55%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First State Bank of Bigfork

Bigfork, MN · Cert 10991 · Peer group: banks under $1B in assets in MN (n=111-113) · Bigfork Bancshares Inc.

State charter, non-member · FDIC · 2 branches

Q2 2026

$117.4MAssets
$80.9MLoans
$101.3MDeposits
$13.2MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 80% of banks under $1B in assets in MN (rank 23 of 113).
  • Widest gap: nonperforming loans / loans trails 97% of banks under $1B in assets in MN (rank 109 of 111).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.09%

Rank 64 of 113

Net Interest Margin

3.95%

Rank 52 of 113

Efficiency Ratio

65.54%

Rank 74 of 113

Equity / Assets

11.27%

Rank 41 of 113

Non-interest income vs. expense

$0.3M$3.3MINCOMEEXPENSE
Unfavorable gap of $3.0M · efficiency ratio beats 35% of banks under $1B in assets in MN
Bank 65.54%Peer median 61.5%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.09%0.87%1.20%1.41%Beats 43%64 / 113
Return on Equity9.64%8.92%11.27%13.99%Beats 33%76 / 113
Net Interest Margin3.95%3.42%3.88%4.31%Beats 54%52 / 113
Efficiency Ratio65.54%54.13%61.48%69.86%Beats 35%74 / 113
Asset Quality
Nonperforming Loans / Loans6.39%0.09%0.58%1.82%Beats 3%109 / 111
Net Charge-Offs / Loans0.14%n/a0.00%0.04%Beats 14%96 / 111
Capital
Tier 1 Capital Ratio19.22%11.53%13.31%18.13%Beats 78%25 / 113
Total Risk-Based Capital Ratio20.47%12.12%14.43%19.39%Beats 80%23 / 113
Equity / Assets11.27%8.52%10.10%11.94%Beats 64%41 / 113
Liquidity & Funding
Loans / Deposits79.92%62.08%77.32%88.06%55th pctl50 / 111
Loans / Assets68.95%55.01%66.35%75.50%56th pctl50 / 113
Brokered Deposits / Depositsn/aNot reported for this institution