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First Western Bank and Trust

Minot, ND · Cert 19123 · Westbrand Inc.

State charter, Fed member · FED · 19 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 regionally3

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 regionally (n=176). 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

21

Q2 2024Q2 2026peer median (50)

Asset Quality

19

Q2 2024Q2 2026peer median (50)

Profitability

33

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

29

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

First Western Bank and Trust

Minot, ND · Cert 19123 · Westbrand Inc.

State charter, Fed member · FED · 19 branches

Q2 2026

$2.4BAssets
$1.9BLoans
$2.0BDeposits
$258.7MEquity
Loan mix
78%RE $1.2B19%C&I $0.3B3%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $1.6B18%Noninterest $0.4BQ2 2025Q2 2026

NIM

5.20%Q2 ’245.56%Q2 ’255.66%Q2 ’26+22%+12%

Non-interest income vs. expense

2.74%Q2 ’242.93%Q2 ’252.93%Q2 ’26+8%+2%

Market Position · Minot, ND · 2026 SOD (annual) · 31.7% share · #1 of 14 inst. · $1.2B of $3.7B

33.9% Ward
10.4% Crow Wing
3.6% Burleigh
6.5% Douglas

Executive Summary

  • Earnings: ROA of 0.96%, up 28 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 1.42% of loans (-26 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 9.61%, up 14 bps from a year ago.
  • Funding: loans stand at 97.70% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.96%+28 bps YoY

Net Interest Margin (YTD, annualized)

3.62%+39 bps YoY

Efficiency Ratio (YTD, annualized)

65.18%-542 bps YoY

Tier 1 Leverage Ratio

9.61%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.68%0.76%0.84%0.93%0.96%+28 bps
Return on Equity6.41%7.15%7.86%8.59%8.86%+245 bps
Net Interest Margin3.23%3.35%3.36%3.57%3.62%+39 bps
Efficiency Ratio70.60%68.53%67.98%65.01%65.18%-542 bps
Non-Interest Burden2.02%2.03%2.03%2.00%2.06%+4 bps
Growth
Asset Growth (YoY)-0.03%1.69%3.97%5.55%6.31%+634 bps
Loan Growth (YoY)-0.44%1.86%3.51%6.02%6.89%+733 bps
Deposit Growth (YoY)-1.76%-3.39%0.00%3.74%4.28%+604 bps
Asset Quality
Nonperforming Loans / Loans1.68%1.72%1.43%1.44%1.42%-26 bps
Net Charge-Offs / Loans0.06%0.07%0.22%0.10%0.23%+16 bps
Allowance / Loans1.17%1.19%1.06%1.08%1.02%-14 bps
Allowance Coverage of NPLs0.7x0.7x0.7x0.8x0.7x0.0x
Capital
Tier 1 Leverage Ratio9.47%9.47%9.54%9.65%9.61%+14 bps
Total Risk-Based Capital11.39%9.47%9.54%9.65%9.61%-177 bps
Equity / Assets10.66%10.70%10.84%10.93%10.84%+18 bps
Liquidity & Funding
Loans / Deposits95.32%98.14%95.58%95.66%97.70%+238 bps
Liquid Assets / Assets1.64%1.10%1.72%1.16%1.54%-10 bps
CRE / Total Capitaln/a375%373%378%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

First Western Bank and Trust

Minot, ND · Cert 19123 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Westbrand Inc.

State charter, Fed member · FED · 19 branches

Q2 2026

$2.4BAssets
$1.9BLoans
$2.0BDeposits
$258.7MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 58% of banks $1B-$10B in assets operating regionally (rank 74 of 176).
  • Widest gap: total risk-based capital ratio trails 97% of banks $1B-$10B in assets operating regionally (rank 170 of 176).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.94%

Rank 131 of 176

Net Interest Margin

3.62%

Rank 85 of 176

Efficiency Ratio

66.29%

Rank 126 of 176

Equity / Assets

10.84%

Rank 74 of 176

Non-interest income vs. expense

$20.4M$69.2MINCOMEEXPENSE
Unfavorable gap of $48.8M · efficiency ratio beats 29% of banks $1B-$10B in assets operating regionally
Bank 66.29%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.94%0.93%1.26%1.54%Beats 26%131 / 176
Return on Equity8.71%9.26%11.89%14.46%Beats 20%140 / 176
Net Interest Margin3.62%3.25%3.59%3.93%Beats 52%85 / 176
Efficiency Ratio66.29%52.79%59.55%67.66%Beats 29%126 / 176
Asset Quality
Nonperforming Loans / Loans1.42%0.30%0.64%1.32%Beats 22%139 / 176
Net Charge-Offs / Loans0.13%0.01%0.04%0.10%Beats 16%148 / 176
Capital
Tier 1 Capital Ratio9.61%11.15%12.72%14.15%Beats 3%170 / 176
Total Risk-Based Capital Ratio9.61%11.81%13.63%15.33%Beats 3%170 / 176
Equity / Assets10.84%9.16%10.35%11.80%Beats 58%74 / 176
Liquidity & Funding
Loans / Deposits97.70%80.94%89.73%97.21%77th pctl40 / 176
Loans / Assets80.38%69.25%75.12%80.82%72nd pctl49 / 176
Brokered Deposits / Depositsn/aNot reported for this institution