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Security First Bank of North Dakota

New Salem, ND · Cert 11519 · Oliver Bcorp Inc.

State charter, non-member · FDIC · 5 branches

Q2 2026

$293.2MAssets
$232.0MLoans
$246.8MDeposits
$37.8MEquity
Loan mix
85%RE $142.1M12%C&I $20.6M2%Consumer $3.5MQ2 2025Q2 2026
Deposit mix
80%Interest-bearing $198.7M20%Noninterest $48.2MQ2 2025Q2 2026

NIM

5.76%Q2 ’245.99%Q2 ’255.67%Q2 ’26+11%-3%

Non-interest income vs. expense

3.11%Q2 ’242.93%Q2 ’253.02%Q2 ’26-8%+6%

Market Position · Bismarck, ND · 2026 SOD (annual) · 3.6% share · #10 of 18 inst. · $0.2B of $6.9B

10.2% Morton
1.2% Burleigh
100.0% Oliver

Executive Summary

  • Earnings: ROA of 1.50%, down 20 bps year over year; NIM at 4.53%.
  • Asset quality: problem loans at 0.00% of loans (-194 bps YoY), with net recoveries of 0.13%.
  • Capital: tier 1 leverage ratio of 12.99%, up 72 bps from a year ago.
  • Funding: loans stand at 93.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.50%-20 bps YoY

Net Interest Margin (quarter, annualized)

4.53%-15 bps YoY

Efficiency Ratio (quarter, annualized)

61.76%+413 bps YoY

Tier 1 Leverage Ratio

12.99%+72 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.70%1.30%1.60%1.41%1.50%-20 bps
Return on Equity14.37%10.70%12.94%11.35%11.91%-246 bps
Net Interest Margin4.68%4.75%4.64%4.43%4.53%-15 bps
Efficiency Ratio57.63%55.08%60.41%61.19%61.76%+413 bps
Non-Interest Burden2.52%2.39%2.69%2.57%2.66%+14 bps
Growth
Asset Growth (YoY)5.93%5.22%4.97%7.04%5.55%-38 bps
Loan Growth (YoY)5.26%7.43%1.32%-1.34%-0.09%-534 bps
Deposit Growth (YoY)13.36%9.46%9.22%6.72%4.89%-847 bps
Asset Quality
Nonperforming Loans / Loans1.94%1.78%0.99%1.00%0.00%-194 bps
Net Charge-Offs / Loans0.00%0.01%3.34%0.13%-0.13%-13 bps
Allowance / Loans2.07%2.18%1.40%1.45%1.42%-65 bps
Allowance Coverage of NPLs1.1x1.2x1.4x1.4xn/an/a
Capital
Tier 1 Leverage Ratio12.28%12.59%12.89%12.99%12.99%+72 bps
Total Risk-Based Capital12.28%12.59%12.89%12.99%12.99%+72 bps
Equity / Assets12.01%12.27%12.46%12.38%12.89%+88 bps
Liquidity & Funding
Loans / Deposits98.65%102.60%97.80%88.54%93.97%-468 bps
Liquid Assets / Assets0.13%0.14%0.10%0.08%0.09%-4 bps
CRE / Total Capitaln/a309%264%239%n/an/a