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Little Horn State Bank

Hardin, MT · Cert 11821 · Bitterroot Holding Co.

State charter, non-member · FDIC · 1 affiliate bank · 3 branches (18 in holding)

Q2 2026

$412.6MAssets
$355.3MLoans
$347.5MDeposits
$42.0MEquity
Loan mix
91%RE $275.0M8%C&I $25.4M1%Consumer $2.5MQ2 2025Q2 2026
Deposit mix
88%Interest-bearing $307.1M12%Noninterest $40.4MQ2 2025Q2 2026

NIM

6.65%Q2 ’246.56%Q2 ’256.69%Q2 ’26-6%+6%

Non-interest income vs. expense

2.62%Q2 ’241.97%Q2 ’251.89%Q2 ’26-21%-4%

Market Position · Billings, MT · 2026 SOD (annual) · 1.3% share · #9 of 13 inst. · $0.1B of $8.0B

69.6% Big Horn
1.4% Yellowstone
1.8% Sheridan

Executive Summary

  • Earnings: ROA of 1.31%, up 89 bps year over year; NIM at 4.02%.
  • Asset quality: problem loans at 1.15% of loans (+61 bps YoY), with net charge-offs at 0.51%.
  • Capital: tier 1 leverage ratio of 10.34%, down 28 bps from a year ago.
  • Funding: loans stand at 102.25% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.31%+89 bps YoY

Net Interest Margin (YTD, annualized)

4.02%+24 bps YoY

Efficiency Ratio (YTD, annualized)

44.00%-450 bps YoY

Tier 1 Leverage Ratio

10.34%-28 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.42%0.51%0.73%1.46%1.31%+89 bps
Return on Equity4.36%5.21%7.40%14.60%13.01%+865 bps
Net Interest Margin3.78%3.80%3.76%4.06%4.02%+24 bps
Efficiency Ratio48.49%46.53%45.02%42.61%44.00%-450 bps
Non-Interest Burden1.68%1.59%1.52%1.58%1.61%-7 bps
Growth
Asset Growth (YoY)36.67%29.72%23.92%15.96%11.23%-2,544 bps
Loan Growth (YoY)31.93%27.27%25.05%18.63%15.86%-1,607 bps
Deposit Growth (YoY)36.16%30.04%22.68%14.25%11.73%-2,442 bps
Asset Quality
Nonperforming Loans / Loans0.53%0.05%0.76%0.96%1.15%+61 bps
Net Charge-Offs / Loans1.45%1.53%1.20%0.27%0.51%-94 bps
Allowance / Loans1.34%1.34%1.40%1.46%1.44%+9 bps
Allowance Coverage of NPLs2.5x27.7x1.8x1.5x1.3x-1.3x
Capital
Tier 1 Leverage Ratio10.62%10.31%10.16%10.40%10.34%-28 bps
Total Risk-Based Capital12.62%12.50%12.50%12.80%12.59%-3 bps
Equity / Assets10.11%10.05%9.96%10.07%10.19%+8 bps
Liquidity & Funding
Loans / Deposits98.61%100.25%101.22%98.86%102.25%+364 bps
Liquid Assets / Assets0.10%0.13%0.10%0.08%0.09%-1 bps
CRE / Total Capitaln/a376%395%392%n/an/a