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United Valley Bank

Cavalier, ND · Cert 15478 · First Holding Co. Cavalier Inc.

State charter, non-member · FDIC · 9 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 regionally3

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 regionally (n=94). 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

38

Q2 2024Q2 2026peer median (50)

Asset Quality

81

Q2 2024Q2 2026peer median (50)

Profitability

25

Q2 2024Q2 2026peer median (50)

Liquidity

83

Q2 2024Q2 2026peer median

Efficiency

38

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

United Valley Bank

Cavalier, ND · Cert 15478 · First Holding Co. Cavalier Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$751.6MAssets
$550.3MLoans
$628.5MDeposits
$79.2MEquity
Loan mix
81%RE $321.6M17%C&I $67.8M2%Consumer $9.6MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $544.2M13%Noninterest $84.3MQ2 2025Q2 2026

NIM

4.79%Q2 ’245.00%Q2 ’255.14%Q2 ’26+7%+3%

Non-interest income vs. expense

2.14%Q2 ’242.19%Q2 ’252.35%Q2 ’26+3%+12%

Market Position · Grand Forks, ND-MN · 2026 SOD (annual) · 5.3% share · #9 of 21 inst. · $0.2B of $3.9B

26.2% Pembina
11.0% Polk
45.2% Kittson
100.0% Mahnomen

Executive Summary

  • Earnings: ROA of 0.86%, down 26 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.13% of loans (-14 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.50%, down 35 bps from a year ago.
  • Funding: loans stand at 87.56% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.86%-26 bps YoY

Net Interest Margin (YTD, annualized)

3.39%+11 bps YoY

Efficiency Ratio (YTD, annualized)

65.82%+379 bps YoY

Tier 1 Leverage Ratio

10.50%-35 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.12%1.07%1.05%0.68%0.86%-26 bps
Return on Equity11.26%10.51%10.25%6.30%8.05%-321 bps
Net Interest Margin3.28%3.26%3.22%3.30%3.39%+11 bps
Efficiency Ratio62.03%62.20%62.08%68.97%65.82%+379 bps
Non-Interest Burden1.97%1.97%1.94%2.25%2.20%+23 bps
Growth
Asset Growth (YoY)8.94%7.17%7.90%7.57%9.34%+40 bps
Loan Growth (YoY)11.68%10.10%9.38%9.32%11.62%-5 bps
Deposit Growth (YoY)4.81%1.74%0.65%6.37%8.16%+336 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.18%0.19%0.18%0.13%-14 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans1.20%1.18%1.18%1.21%1.16%-4 bps
Allowance Coverage of NPLs4.4x6.6x6.3x6.9x8.6x+4.3x
Capital
Tier 1 Leverage Ratio10.85%10.80%10.69%10.60%10.50%-35 bps
Total Risk-Based Capital14.97%10.80%10.69%10.60%10.50%-447 bps
Equity / Assets10.73%10.86%10.76%10.78%10.54%-20 bps
Liquidity & Funding
Loans / Deposits84.85%86.16%84.29%82.44%87.56%+271 bps
Liquid Assets / Assets6.78%6.32%6.81%6.45%5.94%-84 bps
CRE / Total Capitaln/a220%219%231%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

United Valley Bank

Cavalier, ND · Cert 15478 · Peer group: banks under $1B in assets operating regionally (n=94) · First Holding Co. Cavalier Inc.

State charter, non-member · FDIC · 9 branches

Q2 2026

$751.6MAssets
$550.3MLoans
$628.5MDeposits
$79.2MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 82% of banks under $1B in assets operating regionally (rank 18 of 94).
  • Widest gap: net interest margin trails 79% of banks under $1B in assets operating regionally (rank 74 of 94).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

0.84%

Rank 70 of 94

Net Interest Margin

3.39%

Rank 74 of 94

Efficiency Ratio

66.98%

Rank 59 of 94

Equity / Assets

10.54%

Rank 41 of 94

Non-interest income vs. expense

$1.1M$17.4MINCOMEEXPENSE
Unfavorable gap of $16.3M · efficiency ratio beats 38% of banks under $1B in assets operating regionally
Bank 66.98%Peer median 62.4%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.84%0.82%1.19%1.46%Beats 26%70 / 94
Return on Equity7.96%7.85%11.84%14.03%Beats 27%69 / 94
Net Interest Margin3.39%3.42%3.81%4.18%Beats 21%74 / 94
Efficiency Ratio66.98%55.99%62.41%73.02%Beats 38%59 / 94
Asset Quality
Nonperforming Loans / Loans0.13%0.19%0.47%1.14%Beats 79%21 / 94
Net Charge-Offs / Loans0.00%0.00%0.02%0.05%Beats 82%18 / 94
Capital
Tier 1 Capital Ratio10.50%10.28%11.95%15.07%Beats 30%66 / 94
Total Risk-Based Capital Ratio10.50%10.31%12.59%15.88%Beats 28%68 / 94
Equity / Assets10.54%8.98%10.21%11.41%Beats 56%41 / 94
Liquidity & Funding
Loans / Deposits87.56%72.62%84.44%94.55%61st pctl37 / 94
Loans / Assets73.22%62.50%72.84%78.99%52nd pctl45 / 94
Brokered Deposits / Depositsn/aNot reported for this institution