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Union State Bank of Hazen

Hazen, ND · Cert 13195 · Hazen Bcorp Inc.

State charter, non-member · FDIC · 4 branches

Q2 2026

$257.4MAssets
$148.5MLoans
$226.7MDeposits
$19.0MEquity
Loan mix
80%RE $95.8M11%C&I $13.1M9%Consumer $10.9MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $192.4M15%Noninterest $34.3MQ2 2025Q2 2026

NIM

4.57%Q2 ’244.83%Q2 ’254.93%Q2 ’26+11%+7%

Non-interest income vs. expense

2.54%Q2 ’242.65%Q2 ’252.54%Q2 ’26+33%-3%

Executive Summary

  • Earnings: ROA of 0.82%, up 13 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.88% of loans (-38 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.96%, down 23 bps from a year ago.
  • Funding: loans stand at 65.51% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

0.82%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.44%+23 bps YoY

Efficiency Ratio (quarter, annualized)

66.84%-598 bps YoY

Tier 1 Leverage Ratio

8.96%-23 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.69%0.79%0.72%0.89%0.82%+13 bps
Return on Equity9.85%10.83%9.40%11.62%10.87%+102 bps
Net Interest Margin3.21%3.19%3.33%3.43%3.44%+23 bps
Efficiency Ratio72.82%68.49%72.07%69.05%66.84%-598 bps
Non-Interest Burden2.24%2.00%2.34%2.29%2.19%-6 bps
Growth
Asset Growth (YoY)5.92%7.27%9.21%12.36%9.07%+315 bps
Loan Growth (YoY)12.58%7.92%11.26%15.76%11.06%-152 bps
Deposit Growth (YoY)5.74%6.25%7.84%11.82%3.53%-221 bps
Asset Quality
Nonperforming Loans / Loans1.25%1.08%1.02%0.82%0.88%-38 bps
Net Charge-Offs / Loans0.01%0.52%-0.04%0.01%0.00%-1 bps
Allowance / Loans1.75%1.67%1.67%1.62%1.67%-8 bps
Allowance Coverage of NPLs1.4x1.5x1.6x2.0x1.9x+0.5x
Capital
Tier 1 Leverage Ratio9.19%9.16%9.17%9.08%8.96%-23 bps
Total Risk-Based Capital9.19%9.16%9.17%9.08%8.96%-23 bps
Equity / Assets6.91%7.67%7.60%7.70%7.39%+47 bps
Liquidity & Funding
Loans / Deposits61.07%61.41%60.43%61.97%65.51%+444 bps
Liquid Assets / Assets1.09%0.70%0.83%0.47%0.39%-70 bps
CRE / Total Capitaln/a120.10%141.95%155.51%n/an/a