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Pioneer Bank & Trust

Belle Fourche, SD · Cert 15562 · Belle Fourche Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets operating in a single state (n=257 to 258). 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

78

Q2 2024Q2 2026peer median (50)

Asset Quality

54

Q2 2024Q2 2026peer median (50)

Profitability

68

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

80

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

Pioneer Bank & Trust

Belle Fourche, SD · Cert 15562 · Belle Fourche Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$1.0BAssets
$548.8MLoans
$896.5MDeposits
$105.2MEquity
Loan mix
77%RE $380.9M21%C&I $106.8M2%Consumer $9.8MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $677.9M24%Noninterest $218.6MQ2 2025Q2 2026

NIM

4.15%Q2 ’244.66%Q2 ’254.85%Q2 ’26+39%+13%

Non-interest income vs. expense

1.78%Q2 ’242.00%Q2 ’252.15%Q2 ’26+39%+6%

Market Position · Rapid City, SD · 2026 SOD (annual) · 10.5% share · #4 of 11 inst. · $0.4B of $3.9B

10.7% Pennington
21.9% Lawrence
61.5% Butte
100.0% Harding

Executive Summary

  • Earnings: ROA of 1.50%, up 16 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.14% of loans (+13 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 11.61%, up 47 bps from a year ago.
  • Funding: loans stand at 61.22% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.50%+16 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+41 bps YoY

Efficiency Ratio (YTD, annualized)

50.14%-233 bps YoY

Tier 1 Leverage Ratio

11.61%+47 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.33%1.46%1.38%1.62%1.50%+16 bps
Return on Equity14.88%15.74%14.74%16.16%14.76%-13 bps
Net Interest Margin3.24%3.33%3.33%3.63%3.65%+41 bps
Efficiency Ratio52.48%50.92%55.79%51.27%50.14%-233 bps
Non-Interest Burden1.43%1.40%1.56%1.56%1.52%+9 bps
Growth
Asset Growth (YoY)-4.06%-3.42%6.50%2.97%5.29%+936 bps
Loan Growth (YoY)6.93%7.93%6.58%4.66%3.72%-322 bps
Deposit Growth (YoY)4.66%3.95%4.92%5.41%4.28%-37 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.14%0.03%0.01%0.14%+13 bps
Net Charge-Offs / Loans0.03%0.02%0.02%0.00%0.13%+10 bps
Allowance / Loans1.09%1.09%1.09%1.05%1.15%+6 bps
Allowance Coverage of NPLs128.4x7.6x33.2x91.5x8.1x-120.3x
Capital
Tier 1 Leverage Ratio11.15%11.36%10.91%11.30%11.61%+47 bps
Total Risk-Based Capital18.84%19.01%17.93%19.11%19.60%+76 bps
Equity / Assets9.51%10.10%9.70%10.33%10.42%+91 bps
Liquidity & Funding
Loans / Deposits61.55%63.82%59.27%63.06%61.22%-33 bps
Liquid Assets / Assets2.66%1.69%7.54%5.34%8.22%+556 bps
CRE / Total Capitaln/a229%226%223%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

Pioneer Bank & Trust

Belle Fourche, SD · Cert 15562 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Belle Fourche Bancshares Inc.

State charter, non-member · FDIC · 7 branches

Q2 2026

$1.0BAssets
$548.8MLoans
$896.5MDeposits
$105.2MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 91% of banks $1B-$10B in assets operating in a single state (rank 24 of 258).
  • Widest gap: net charge-offs / loans trails 74% of banks $1B-$10B in assets operating in a single state (rank 191 of 258).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.49%

Rank 71 of 258

Net Interest Margin

3.65%

Rank 96 of 258

Efficiency Ratio

50.14%

Rank 52 of 257

Equity / Assets

10.42%

Rank 121 of 258

Non-interest income vs. expense

$6.3M$21.5MINCOMEEXPENSE
Unfavorable gap of $15.2M · efficiency ratio beats 80% of banks $1B-$10B in assets operating in a single state
Bank 50.14%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.49%0.93%1.23%1.54%Beats 72%71 / 258
Return on Equity14.29%9.26%11.84%14.74%Beats 70%77 / 258
Net Interest Margin3.65%3.16%3.49%3.88%Beats 63%96 / 258
Efficiency Ratio50.14%51.71%60.30%69.65%Beats 80%52 / 257
Asset Quality
Nonperforming Loans / Loans0.14%0.19%0.46%0.90%Beats 81%51 / 258
Net Charge-Offs / Loans0.06%0.01%0.02%0.07%Beats 26%191 / 258
Capital
Tier 1 Capital Ratio18.59%11.41%12.98%15.12%Beats 90%26 / 258
Total Risk-Based Capital Ratio19.60%12.10%13.91%16.08%Beats 91%24 / 258
Equity / Assets10.42%9.09%10.24%11.72%Beats 53%121 / 258
Liquidity & Funding
Loans / Deposits61.22%73.24%86.34%95.95%8th pctl238 / 258
Loans / Assets54.36%63.01%72.27%78.40%10th pctl232 / 258
Brokered Deposits / Depositsn/aNot reported for this institution