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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

5.38%Q2 ’245.67%Q2 ’255.81%Q2 ’26+21%+12%

Non-interest income vs. expense

2.80%Q2 ’242.99%Q2 ’252.99%Q2 ’26+6%+3%

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 0.99%, up 29 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 1.42% of loans (-26 bps YoY), with net charge-offs at 0.36%.
  • 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 (quarter, annualized)

0.99%+29 bps YoY

Net Interest Margin (quarter, annualized)

3.76%+41 bps YoY

Efficiency Ratio (quarter, annualized)

65.34%-501 bps YoY

Tier 1 Leverage Ratio

9.61%+14 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.71%0.92%1.07%0.93%0.99%+29 bps
Return on Equity6.61%8.59%9.92%8.59%9.14%+253 bps
Net Interest Margin3.35%3.66%3.59%3.57%3.76%+41 bps
Efficiency Ratio70.35%64.76%66.41%65.01%65.34%-501 bps
Non-Interest Burden2.11%2.08%2.12%2.00%2.17%+7 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 / Loans0.17%0.07%0.70%0.10%0.36%+19 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