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Dakota Heritage Bank

Hunter, ND · Cert 16231 · Hunter Holding Co.

State charter, non-member · FDIC · 11 branches

Q2 2026

$416.8MAssets
$346.9MLoans
$366.8MDeposits
$38.4MEquity
Loan mix
80%RE $157.0M11%C&I $22.3M9%Consumer $18.0MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $305.8M17%Noninterest $61.1MQ3 2024Q2 2026

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 0.3% share · #24 of 32 inst. · $0.0B of $12.9B

40.7% Red Lake
20.4% Traill
19.2% Wells
0.4% Cass

Executive Summary

  • Earnings: ROA of 1.54%, up 8 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 1.62% of loans (+103 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 9.83%, up 58 bps from a year ago.
  • Funding: loans stand at 94.55% of deposits as of Q2 2026.

Return on Assets (quarter, annualized)

1.54%+8 bps YoY

Net Interest Margin (quarter, annualized)

3.77%+7 bps YoY

Efficiency Ratio (quarter, annualized)

49.02%-118 bps YoY

Tier 1 Leverage Ratio

9.83%+58 bps YoY

NIM

5.72%Q2 ’245.86%Q2 ’255.71%Q2 ’26+1%+2%

Non-interest income vs. expense

2.08%Q2 ’241.92%Q2 ’251.94%Q2 ’26-7%-2%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.18%1.03%1.12%1.47%1.40%1.37%1.62%1.54%+8 bps
Return on Equity14.11%12.52%13.98%18.23%16.92%16.19%18.77%17.12%-111 bps
Net Interest Margin3.50%3.43%3.61%3.70%3.73%3.75%3.81%3.77%+7 bps
Efficiency Ratio55.25%59.78%52.09%50.19%48.36%56.73%46.62%49.02%-118 bps
Non-Interest Burden1.88%1.87%1.84%1.78%1.71%1.91%1.71%1.75%-4 bps
Growth
Asset Growth (YoY)13.33%6.52%14.07%13.20%8.35%10.76%4.04%2.35%-1,085 bps
Loan Growth (YoY)15.48%11.68%14.21%16.74%12.37%13.91%8.33%3.44%-1,331 bps
Deposit Growth (YoY)14.07%13.50%14.79%11.47%10.94%6.16%3.16%4.44%-703 bps
Asset Quality
Nonperforming Loans / Loans0.41%0.46%0.54%0.60%0.69%1.14%1.67%1.62%+103 bps
Net Charge-Offs / Loans0.02%0.02%-0.02%0.14%0.09%0.03%0.00%0.06%-8 bps
Allowance / Loans1.19%1.26%1.35%1.24%1.26%1.25%1.30%1.27%+4 bps
Allowance Coverage of NPLs2.9x2.7x2.5x2.1x1.8x1.1x0.8x0.8x-1.3x
Capital
Tier 1 Leverage Ratio9.24%9.16%9.31%9.26%9.18%9.26%9.49%9.83%+58 bps
Total Risk-Based Capital9.24%9.16%9.31%9.26%9.18%9.26%9.49%9.83%+58 bps
Equity / Assets8.31%8.10%7.94%8.14%8.38%8.49%8.82%9.21%+107 bps
Liquidity & Funding
Loans / Deposits95.07%91.26%85.29%95.47%96.29%97.93%89.57%94.55%-92 bps
Liquid Assets / Assets0.03%0.03%0.03%0.04%0.02%0.04%0.02%0.03%-1 bps
CRE / Total Capitaln/an/an/an/a91.61%93.63%91.88%n/an/a