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First State Bank & Trust

Williston, ND · Cert 14801 · Jorgenson Williston Holding Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating in a single state (n=743 to 746). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

89

Q2 2024Q2 2026peer median (50)

Asset Quality

59

Q2 2024Q2 2026peer median (50)

Profitability

44

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

79

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First State Bank & Trust

Williston, ND · Cert 14801 · Jorgenson Williston Holding Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$542.6MAssets
$211.7MLoans
$466.0MDeposits
$75.1MEquity
Loan mix
73%RE $139.9M18%C&I $35.2M9%Consumer $17.7MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $366.3M21%Noninterest $99.8MQ2 2025Q2 2026

NIM

3.59%Q2 ’243.90%Q2 ’254.10%Q2 ’26+14%+13%

Non-interest income vs. expense

2.00%Q2 ’241.97%Q2 ’251.99%Q2 ’26+1%-4%

Executive Summary

  • Earnings: ROA of 1.38%, up 33 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (-12 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 15.38%, up 104 bps from a year ago.
  • Funding: loans stand at 45.43% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.38%+33 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+33 bps YoY

Efficiency Ratio (YTD, annualized)

53.41%-596 bps YoY

Tier 1 Leverage Ratio

15.38%+104 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.05%1.14%1.17%1.24%1.38%+33 bps
Return on Equity9.23%9.59%9.57%9.09%10.09%+85 bps
Net Interest Margin2.62%2.74%2.81%2.91%2.96%+33 bps
Efficiency Ratio59.37%57.25%57.12%56.51%53.41%-596 bps
Non-Interest Burden1.27%1.24%1.26%1.29%1.21%-6 bps
Growth
Asset Growth (YoY)4.40%-2.36%0.00%-2.05%1.42%-298 bps
Loan Growth (YoY)4.08%3.38%10.57%12.10%8.44%+436 bps
Deposit Growth (YoY)2.43%-2.58%-3.26%-4.66%-0.52%-295 bps
Asset Quality
Nonperforming Loans / Loans0.12%0.00%0.00%0.00%0.00%-12 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.12%0.06%+6 bps
Allowance / Loans1.53%1.57%1.49%1.51%1.53%0 bps
Allowance Coverage of NPLs12.2xn/an/an/a1617.5x+1605.3x
Capital
Tier 1 Leverage Ratio14.33%14.82%15.19%15.54%15.38%+104 bps
Total Risk-Based Capital29.34%29.56%28.82%29.99%29.63%+29 bps
Equity / Assets12.14%13.46%13.63%13.71%13.85%+171 bps
Liquidity & Funding
Loans / Deposits41.67%43.48%45.98%45.26%45.43%+375 bps
Liquid Assets / Assets2.77%1.22%1.61%5.54%4.37%+160 bps
CRE / Total Capitaln/a119.65%127.21%126.13%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First State Bank & Trust

Williston, ND · Cert 14801 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Jorgenson Williston Holding Co.

State charter, non-member · FDIC · 4 branches

Q2 2026

$542.6MAssets
$211.7MLoans
$466.0MDeposits
$75.1MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 94% of banks under $1B in assets operating in a single state (rank 44 of 746).
  • Widest gap: net interest margin trails 84% of banks under $1B in assets operating in a single state (rank 623 of 746).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.38%

Rank 220 of 746

Net Interest Margin

2.96%

Rank 623 of 746

Efficiency Ratio

53.41%

Rank 158 of 746

Equity / Assets

13.85%

Rank 148 of 746

Non-interest income vs. expense

$4.3M$11.0MINCOMEEXPENSE
Unfavorable gap of $6.7M · efficiency ratio beats 79% of banks under $1B in assets operating in a single state
Bank 53.41%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.38%0.72%1.06%1.45%Beats 71%220 / 746
Return on Equity9.94%6.74%10.51%13.63%Beats 46%403 / 746
Net Interest Margin2.96%3.17%3.68%4.16%Beats 16%623 / 746
Efficiency Ratio53.41%55.74%64.58%75.47%Beats 79%158 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 85%110 / 743
Net Charge-Offs / Loans0.03%0.00%0.01%0.05%Beats 33%502 / 743
Capital
Tier 1 Capital Ratio28.50%11.55%13.75%17.60%Beats 94%44 / 746
Total Risk-Based Capital Ratio29.63%11.71%14.33%18.43%Beats 94%43 / 746
Equity / Assets13.85%8.90%10.51%13.06%Beats 80%148 / 746
Liquidity & Funding
Loans / Deposits45.43%61.31%78.27%90.78%9th pctl682 / 746
Loans / Assets39.02%53.60%66.97%76.08%8th pctl686 / 746
Brokered Deposits / Depositsn/aNot reported for this institution