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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 $10.9MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $192.4M15%Noninterest $34.3MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 0.85%, up 21 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.88% of loans (-38 bps YoY), with net charge-offs at 0.01%.
  • 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.

Return on Assets (YTD, annualized)

0.85%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+26 bps YoY

Efficiency Ratio (YTD, annualized)

67.91%-727 bps YoY

Tier 1 Leverage Ratio

8.96%-23 bps YoY

NIM

4.45%Q2 ’244.70%Q2 ’254.79%Q2 ’26+12%+8%

Non-interest income vs. expense

2.45%Q2 ’242.64%Q2 ’252.49%Q2 ’26+23%-3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.95%0.76%0.59%0.64%0.69%0.70%0.89%0.85%+21 bps
Return on Equity14.52%11.59%8.70%9.35%9.80%9.75%11.62%11.28%+193 bps
Net Interest Margin2.76%2.74%3.10%3.12%3.07%3.12%3.43%3.37%+26 bps
Efficiency Ratio65.08%69.92%77.72%75.18%72.77%72.59%69.05%67.91%-727 bps
Non-Interest Burden1.42%1.66%2.34%2.27%2.13%2.17%2.29%2.20%-7 bps
Growth
Asset Growth (YoY)4.19%2.97%2.68%5.92%7.27%9.21%12.36%9.07%+315 bps
Loan Growth (YoY)13.45%12.66%11.31%12.58%7.92%11.26%15.76%11.06%-152 bps
Deposit Growth (YoY)2.60%2.73%1.92%5.74%6.25%7.84%11.82%3.53%-221 bps
Asset Quality
Nonperforming Loans / Loans1.03%1.15%1.36%1.25%1.08%1.02%0.82%0.88%-38 bps
Net Charge-Offs / Loans0.05%0.03%0.11%0.06%0.21%0.14%0.01%0.01%-5 bps
Allowance / Loans1.75%1.85%1.85%1.75%1.67%1.67%1.62%1.67%-8 bps
Allowance Coverage of NPLs1.7x1.6x1.4x1.4x1.5x1.6x2.0x1.9x+0.5x
Capital
Tier 1 Leverage Ratio8.70%8.95%9.23%9.19%9.16%9.17%9.08%8.96%-23 bps
Total Risk-Based Capital8.70%8.95%9.23%9.19%9.16%9.17%9.08%8.96%-23 bps
Equity / Assets6.79%6.38%7.19%6.91%7.67%7.60%7.70%7.39%+47 bps
Liquidity & Funding
Loans / Deposits60.46%58.57%59.86%61.07%61.41%60.43%61.97%65.51%+444 bps
Liquid Assets / Assets0.95%1.35%1.10%1.09%0.70%0.83%0.47%0.39%-70 bps
CRE / Total Capitaln/an/an/an/a120.10%141.95%155.51%n/an/a