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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

$542.6MAssets
$211.7MLoans
$466.0MDeposits
$75.1MEquity
Loan mix
73%RE $139.9M18%C&I $35.2M9%Consumer $17.7MQ3 2024Q2 2026
Deposit mix
79%Interest-bearing $366.3M21%Noninterest $99.8MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.92%0.97%0.99%1.05%1.14%1.17%1.24%1.38%+33 bps
Return on Equity8.46%8.91%8.97%9.23%9.59%9.57%9.09%10.09%+85 bps
Net Interest Margin2.31%2.36%2.53%2.62%2.74%2.81%2.91%2.96%+33 bps
Efficiency Ratio63.49%62.83%60.31%59.37%57.25%57.12%56.51%53.41%-596 bps
Non-Interest Burden1.17%1.20%1.24%1.27%1.24%1.26%1.29%1.21%-6 bps
Growth
Asset Growth (YoY)10.53%4.95%6.90%4.40%-2.36%0.00%-2.05%1.42%-298 bps
Loan Growth (YoY)10.13%2.01%3.91%4.08%3.38%10.57%12.10%8.44%+436 bps
Deposit Growth (YoY)8.26%6.79%6.14%2.43%-2.58%-3.26%-4.66%-0.52%-295 bps
Asset Quality
Nonperforming Loans / Loans0.81%0.13%0.21%0.12%0.00%0.00%0.00%0.00%-12 bps
Net Charge-Offs / Loans0.00%0.01%0.00%0.00%0.00%0.00%0.12%0.06%+6 bps
Allowance / Loans1.49%1.49%1.62%1.53%1.57%1.49%1.51%1.53%0 bps
Allowance Coverage of NPLs1.8x11.2x7.8x12.2xn/an/an/a1617.5x+1605.3x
Capital
Tier 1 Leverage Ratio14.32%14.20%14.42%14.33%14.82%15.19%15.54%15.38%+104 bps
Total Risk-Based Capital29.41%29.64%30.01%29.34%29.56%28.82%29.99%29.63%+29 bps
Equity / Assets11.65%10.72%11.35%12.14%13.46%13.63%13.71%13.85%+171 bps
Liquidity & Funding
Loans / Deposits40.97%40.24%38.49%41.67%43.48%45.98%45.26%45.43%+375 bps
Liquid Assets / Assets8.59%5.63%8.16%2.77%1.22%1.61%5.54%4.37%+160 bps
CRE / Total Capitaln/an/an/an/a119.65%127.21%126.13%n/an/a