PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

7.03%Q2 ’247.41%Q2 ’257.14%Q2 ’26+3%-3%

Non-interest income vs. expense

2.53%Q2 ’242.79%Q2 ’252.62%Q2 ’26+12%-8%

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 2.18%, up 14 bps year over year; NIM at 5.42%.
  • Asset quality: problem loans at 3.85% of loans (+357 bps YoY), with net charge-offs at 0.01%.
  • 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 (quarter, annualized)

2.18%+14 bps YoY

Net Interest Margin (quarter, annualized)

5.42%-18 bps YoY

Efficiency Ratio (quarter, annualized)

47.13%-172 bps YoY

Tier 1 Leverage Ratio

14.83%-117 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.04%2.06%0.60%1.83%2.18%+14 bps
Return on Equity13.39%13.18%3.91%12.59%15.00%+160 bps
Net Interest Margin5.61%5.65%5.07%4.78%5.42%-18 bps
Efficiency Ratio48.85%51.11%73.57%49.86%47.13%-172 bps
Non-Interest Burden2.69%2.83%3.70%2.33%2.48%-20 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%-0.01%0.00%0.00%0.01%+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