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Belt Valley Bank

Belt, MT · Cert 15362

State charter, Fed member · FED · 1 branch

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

67

Q2 2024Q2 2026peer median (50)

Asset Quality

34

Q2 2024Q2 2026peer median (50)

Profitability

88

Q2 2024Q2 2026peer median (50)

Liquidity

1

Q2 2024Q2 2026peer median

Efficiency

89

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

Belt Valley Bank

Belt, MT · Cert 15362

State charter, Fed member · FED · 1 branch

Q2 2026

$89.9MAssets
$74.0MLoans
$74.0MDeposits
$13.3MEquity
Loan mix
92%RE $55.6M5%C&I $3.1M3%Consumer $1.9MQ2 2025Q2 2026
Deposit mix
74%Interest-bearing $55.0M26%Noninterest $19.0MQ2 2025Q2 2026

NIM

6.67%Q2 ’247.21%Q2 ’256.85%Q2 ’26+4%-5%

Non-interest income vs. expense

2.50%Q2 ’242.61%Q2 ’252.53%Q2 ’26+5%-4%

Market Position · Great Falls, MT · 2026 SOD (annual) · 3.4% share · #7 of 11 inst. · $0.1B of $2.2B

Executive Summary

  • Earnings: ROA of 2.01%, down 4 bps year over year; NIM at 5.11%.
  • Asset quality: problem loans at 3.85% of loans (+357 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 14.83%, down 117 bps from a year ago.
  • Funding: loans stand at 99.96% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

2.01%-4 bps YoY

Net Interest Margin (YTD, annualized)

5.11%-28 bps YoY

Efficiency Ratio (YTD, annualized)

48.41%+98 bps YoY

Tier 1 Leverage Ratio

14.83%-117 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.05%2.04%1.66%1.83%2.01%-4 bps
Return on Equity13.68%13.49%11.03%12.59%13.72%+4 bps
Net Interest Margin5.39%5.40%4.90%4.78%5.11%-28 bps
Efficiency Ratio47.43%48.72%55.16%49.86%48.41%+98 bps
Non-Interest Burden2.50%2.58%2.66%2.33%2.41%-9 bps
Growth
Asset Growth (YoY)-1.61%-4.76%4.63%10.92%10.55%+1,216 bps
Loan Growth (YoY)1.20%4.01%3.36%1.91%4.17%+297 bps
Deposit Growth (YoY)6.00%1.16%4.55%12.76%11.54%+554 bps
Asset Quality
Nonperforming Loans / Loans0.28%1.48%1.33%4.51%3.85%+357 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%+1 bps
Allowance / Loans1.20%1.14%1.33%1.38%1.29%+9 bps
Allowance Coverage of NPLs4.3x0.8x1.0x0.3x0.3x-4.0x
Capital
Tier 1 Leverage Ratio16.00%16.19%14.65%14.22%14.83%-117 bps
Total Risk-Based Capital16.00%16.19%14.65%14.22%14.83%-117 bps
Equity / Assets15.48%15.71%14.87%14.22%14.81%-66 bps
Liquidity & Funding
Loans / Deposits107.03%110.16%98.02%92.45%99.96%-707 bps
Liquid Assets / Assets5.46%2.47%11.00%16.80%11.17%+571 bps
CRE / Total Capitaln/a175.42%164.03%155.81%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

Belt Valley Bank

Belt, MT · Cert 15362 · Peer group: banks under $1B in assets operating in a single state (n=743-746)

State charter, Fed member · FED · 1 branch

Q2 2026

$89.9MAssets
$74.0MLoans
$74.0MDeposits
$13.3MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 97% of banks under $1B in assets operating in a single state (rank 24 of 746).
  • Widest gap: nonperforming loans / loans trails 97% of banks under $1B in assets operating in a single state (rank 722 of 743).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

2.00%

Rank 42 of 746

Net Interest Margin

5.11%

Rank 24 of 746

Efficiency Ratio

48.41%

Rank 86 of 746

Equity / Assets

14.81%

Rank 106 of 746

Non-interest income vs. expense

$0.1M$2.3MINCOMEEXPENSE
Unfavorable gap of $2.2M · efficiency ratio beats 89% of banks under $1B in assets operating in a single state
Bank 48.41%Peer median 64.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets2.00%0.72%1.06%1.45%Beats 94%42 / 746
Return on Equity13.50%6.74%10.51%13.63%Beats 73%199 / 746
Net Interest Margin5.11%3.17%3.68%4.16%Beats 97%24 / 746
Efficiency Ratio48.41%55.74%64.58%75.47%Beats 89%86 / 746
Asset Quality
Nonperforming Loans / Loans3.85%0.09%0.42%1.07%Beats 3%722 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 64%266 / 743
Capital
Tier 1 Capital Ratio14.83%11.55%13.75%17.60%Beats 60%301 / 746
Total Risk-Based Capital Ratio14.83%11.71%14.33%18.43%Beats 54%342 / 746
Equity / Assets14.81%8.90%10.51%13.06%Beats 86%106 / 746
Liquidity & Funding
Loans / Deposits99.96%61.31%78.27%90.78%90th pctl78 / 746
Loans / Assets82.25%53.60%66.97%76.08%90th pctl75 / 746
Brokered Deposits / Depositsn/aNot reported for this institution