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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

$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