Bellingham, MN · Cert 17062 · Bellingham Corp. the
State charter, non-member · FDIC · 1 branch
Q2 2026
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.61% | 1.14% | 0.08% | 0.16% | 0.22% | 0.15% | 0.20% | 0.15% | -1 bps | |
| Return on Equity | 6.88% | 12.16% | 0.92% | 1.77% | 2.27% | 1.52% | 1.92% | 1.31% | -46 bps | |
| Net Interest Margin | 1.88% | 3.07% | 1.81% | 1.71% | 2.12% | 1.99% | 1.92% | 1.99% | +28 bps | |
| Efficiency Ratio | 70.24% | 53.28% | 94.24% | 88.55% | 85.71% | 90.36% | 86.01% | 91.75% | +320 bps | |
| Non-Interest Burden | 1.11% | 1.63% | 1.70% | 1.51% | 1.82% | 1.79% | 1.65% | 1.85% | +34 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.11% | -6.67% | -0.13% | -6.53% | -7.96% | -2.34% | -8.66% | -5.36% | +118 bps | |
| Loan Growth (YoY) | -2.77% | -5.17% | -6.48% | -7.40% | -11.14% | -9.77% | -12.37% | -13.67% | -626 bps | |
| Deposit Growth (YoY) | -0.52% | -2.11% | 5.08% | -4.11% | -5.93% | -2.66% | -9.49% | -5.46% | -135 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.39% | 0.08% | 1.15% | 1.09% | 0.05% | 0.05% | 2.20% | 2.50% | +141 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 1.03% | 1.06% | 1.11% | 1.12% | 1.16% | 1.18% | 1.27% | 1.30% | +18 bps | |
| Allowance Coverage of NPLs | 0.7x | 14.0x | 1.0x | 1.0x | 22.6x | 24.5x | 0.6x | 0.5x | -0.5x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 13.35% | 13.94% | 13.17% | 13.40% | 14.48% | 14.29% | 14.26% | 14.81% | +140 bps | |
| Total Risk-Based Capital | 20.82% | 22.63% | 20.44% | 23.22% | 24.08% | 22.71% | 23.85% | 25.34% | +212 bps | |
| Equity / Assets | 9.14% | 9.58% | 8.79% | 9.25% | 10.12% | 10.23% | 10.39% | 11.72% | +247 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 67.61% | 65.96% | 59.61% | 64.44% | 63.87% | 61.15% | 57.71% | 58.84% | -559 bps | |
| Liquid Assets / Assets | 25.85% | 26.63% | 25.36% | 27.58% | 27.98% | 26.79% | 27.30% | 29.09% | +150 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 119.29% | 120.03% | 119.11% | n/a | n/a | |