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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

$117.4MAssets
$80.9MLoans
$101.3MDeposits
$13.2MEquity
Loan mix
78%RE $59.5M13%C&I $9.9M9%Consumer $6.8MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $84.2M17%Noninterest $17.1MQ2 2025Q2 2026

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%

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.

Financial Results

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

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.73%0.59%0.66%1.22%1.10%+37 bps
Return on Equity6.54%5.32%5.91%10.99%9.81%+327 bps
Net Interest Margin3.71%3.44%3.57%4.12%3.95%+24 bps
Efficiency Ratio69.62%72.43%71.31%63.91%65.54%-408 bps
Non-Interest Burden2.52%2.40%2.45%2.52%2.50%-2 bps
Growth
Asset Growth (YoY)5.59%4.91%4.86%5.91%6.75%+115 bps
Loan Growth (YoY)-0.77%-2.65%-3.42%-3.16%-2.27%-150 bps
Deposit Growth (YoY)6.28%5.64%5.49%6.74%7.51%+123 bps
Asset Quality
Nonperforming Loans / Loans5.83%6.99%6.67%7.14%6.39%+56 bps
Net Charge-Offs / Loans0.39%0.28%0.27%-0.32%-0.08%-47 bps
Allowance / Loans1.17%1.23%1.25%1.41%1.40%+23 bps
Allowance Coverage of NPLs0.2x0.2x0.2x0.2x0.2x0.0x
Capital
Tier 1 Leverage Ratio11.41%11.39%11.41%11.21%11.33%-8 bps
Total Risk-Based Capital18.71%18.85%19.69%20.24%20.47%+176 bps
Equity / Assets11.32%11.32%11.31%10.93%11.27%-5 bps
Liquidity & Funding
Loans / Deposits87.91%86.82%83.91%78.62%79.92%-799 bps
Liquid Assets / Assets10.73%12.96%15.72%16.26%13.91%+318 bps
CRE / Total Capitaln/a110.12%104.13%99.55%n/an/a