Cavalier, ND · Cert 15478 · First Holding Co. Cavalier Inc.
State charter, non-member · FDIC · 9 branches
Q2 2026
Market Position · Grand Forks, ND-MN · 2026 SOD (annual) · 5.3% share · #9 of 21 inst. · $0.2B of $3.9B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.75% | 0.79% | 0.83% | 1.12% | 1.07% | 1.05% | 0.68% | 0.86% | -26 bps | |
| Return on Equity | 8.58% | 9.12% | 8.76% | 11.26% | 10.51% | 10.25% | 6.30% | 8.05% | -321 bps | |
| Net Interest Margin | 3.02% | 2.99% | 3.16% | 3.28% | 3.26% | 3.22% | 3.30% | 3.39% | +11 bps | |
| Efficiency Ratio | 64.85% | 64.59% | 64.71% | 62.03% | 62.20% | 62.08% | 68.97% | 65.82% | +379 bps | |
| Non-Interest Burden | 1.91% | 1.89% | 2.01% | 1.97% | 1.97% | 1.94% | 2.25% | 2.20% | +23 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.81% | 5.65% | 6.32% | 8.94% | 7.17% | 7.90% | 7.57% | 9.34% | +40 bps | |
| Loan Growth (YoY) | 6.32% | 7.37% | 13.18% | 11.68% | 10.10% | 9.38% | 9.32% | 11.62% | -5 bps | |
| Deposit Growth (YoY) | 5.62% | 5.68% | 4.05% | 4.81% | 1.74% | 0.65% | 6.37% | 8.16% | +336 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.72% | 1.70% | 1.74% | 0.27% | 0.18% | 0.19% | 0.18% | 0.13% | -14 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | -1 bps | |
| Allowance / Loans | 1.39% | 1.35% | 1.35% | 1.20% | 1.18% | 1.18% | 1.21% | 1.16% | -4 bps | |
| Allowance Coverage of NPLs | 0.8x | 0.8x | 0.8x | 4.4x | 6.6x | 6.3x | 6.9x | 8.6x | +4.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.93% | 8.84% | 10.70% | 10.85% | 10.80% | 10.69% | 10.60% | 10.50% | -35 bps | |
| Total Risk-Based Capital | 12.87% | 12.86% | 14.99% | 14.97% | 10.80% | 10.69% | 10.60% | 10.50% | -447 bps | |
| Equity / Assets | 8.95% | 8.49% | 10.49% | 10.73% | 10.86% | 10.76% | 10.78% | 10.54% | -20 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.62% | 77.57% | 80.22% | 84.85% | 86.16% | 84.29% | 82.44% | 87.56% | +271 bps | |
| Liquid Assets / Assets | 7.15% | 7.71% | 7.09% | 6.78% | 6.32% | 6.81% | 6.45% | 5.94% | -84 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 220% | 219% | 231% | n/a | n/a | |