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1st Financial Bank USA

Dakota Dunes, SD · Cert 1673

State charter, non-member · FDIC · 2 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

94

Q2 2024Q2 2026peer median (50)

Asset Quality

8

Q2 2024Q2 2026peer median (50)

Profitability

45

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

19

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

1st Financial Bank USA

Dakota Dunes, SD · Cert 1673

State charter, non-member · FDIC · 2 branches

Q2 2026

$1.4BAssets
$987.1MLoans
$1.1BDeposits
$227.9MEquity
Loan mix
41%RE $268.8M4%C&I $27.2M55%Consumer $355.9MQ2 2025Q2 2026
Deposit mix
99%Interest-bearing $1.1B1%Noninterest $0.0BQ2 2025Q2 2026

NIM

12.19%Q2 ’2412.05%Q2 ’2510.94%Q2 ’26-3%-10%

Non-interest income vs. expense

9.03%Q2 ’248.69%Q2 ’258.30%Q2 ’26+178%-5%

Market Position · Sioux City, IA-NE-SD · 2026 SOD (annual) · 0.3% share · #26 of 28 inst. · $0.0B of $4.6B

100.0% Ziebach
1.5% Union

Executive Summary

  • Earnings: ROA of 0.98%, down 41 bps year over year; NIM at 7.80%.
  • Asset quality: problem loans at 1.51% of loans (+22 bps YoY), with net charge-offs at 2.26%.
  • Capital: tier 1 leverage ratio of 16.34%, down 80 bps from a year ago.
  • Funding: loans stand at 90.29% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.98%-41 bps YoY

Net Interest Margin (YTD, annualized)

7.80%-86 bps YoY

Efficiency Ratio (YTD, annualized)

72.58%+295 bps YoY

Tier 1 Leverage Ratio

16.34%-80 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.39%1.38%1.19%1.05%0.98%-41 bps
Return on Equity8.27%8.18%7.08%6.22%5.90%-236 bps
Net Interest Margin8.67%8.53%8.39%8.13%7.80%-86 bps
Efficiency Ratio69.63%71.63%75.56%71.65%72.58%+295 bps
Non-Interest Burden5.00%5.13%5.50%4.90%4.75%-25 bps
Growth
Asset Growth (YoY)2.99%1.27%2.96%-0.85%7.39%+440 bps
Loan Growth (YoY)1.25%3.41%2.67%4.06%2.91%+166 bps
Deposit Growth (YoY)4.46%2.18%4.35%-0.44%9.88%+542 bps
Asset Quality
Nonperforming Loans / Loans1.29%1.19%1.51%1.36%1.51%+22 bps
Net Charge-Offs / Loans2.39%2.30%2.25%2.32%2.26%-12 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio17.14%16.88%16.85%16.98%16.34%-80 bps
Total Risk-Based Capital22.40%22.22%22.26%22.53%22.31%-9 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits96.41%96.46%92.74%94.80%90.29%-612 bps
Liquid Assets / Assets4.63%4.57%4.49%4.56%4.33%-31 bps
CRE / Total Capitaln/an/an/an/an/an/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

1st Financial Bank USA

Dakota Dunes, SD · Cert 1673 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258)

State charter, non-member · FDIC · 2 branches

Q2 2026

$1.4BAssets
$987.1MLoans
$1.1BDeposits
$227.9MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 99% of banks $1B-$10B in assets operating in a single state (rank 3 of 258).
  • Widest gap: net charge-offs / loans trails 98% of banks $1B-$10B in assets operating in a single state (rank 255 of 258).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.95%

Rank 188 of 258

Net Interest Margin

7.80%

Rank 3 of 258

Efficiency Ratio

73.07%

Rank 209 of 257

Equity / Assets

16.23%

Rank 13 of 258

Non-interest income vs. expense

$49.7M$116.1MINCOMEEXPENSE
Unfavorable gap of $66.4M · efficiency ratio beats 19% of banks $1B-$10B in assets operating in a single state
Bank 73.07%Peer median 60.3%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.95%0.93%1.23%1.54%Beats 27%188 / 258
Return on Equity5.88%9.26%11.84%14.74%Beats 10%232 / 258
Net Interest Margin7.80%3.16%3.49%3.88%Beats 99%3 / 258
Efficiency Ratio73.07%51.71%60.30%69.65%Beats 19%209 / 257
Asset Quality
Nonperforming Loans / Loans1.51%0.19%0.46%0.90%Beats 14%224 / 258
Net Charge-Offs / Loans1.44%0.01%0.02%0.07%Beats 2%255 / 258
Capital
Tier 1 Capital Ratio21.06%11.41%12.98%15.12%Beats 94%16 / 258
Total Risk-Based Capital Ratio22.31%12.10%13.91%16.08%Beats 94%15 / 258
Equity / Assets16.23%9.09%10.24%11.72%Beats 95%13 / 258
Liquidity & Funding
Loans / Deposits90.29%73.24%86.34%95.95%60th pctl103 / 258
Loans / Assets70.30%63.01%72.27%78.40%43rd pctl148 / 258
Brokered Deposits / Depositsn/aNot reported for this institution