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Hilltop National Bank

Casper, WY · Cert 19184 · Midland Financial Corp.

National charter · OCC · 7 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

23

Q2 2024Q2 2026peer median (50)

Asset Quality

44

Q2 2024Q2 2026peer median (50)

Profitability

65

Q2 2024Q2 2026peer median (50)

Liquidity

13

Q2 2024Q2 2026peer median

Efficiency

53

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

Hilltop National Bank

Casper, WY · Cert 19184 · Midland Financial Corp.

National charter · OCC · 7 branches

Q2 2026

$1.1BAssets
$660.2MLoans
$987.6MDeposits
$97.7MEquity
Loan mix
80%RE $480.3M18%C&I $105.5M2%Consumer $12.3MQ2 2025Q2 2026
Deposit mix
67%Interest-bearing $666.4M33%Noninterest $321.2MQ2 2025Q2 2026

NIM

3.53%Q2 ’243.96%Q2 ’254.22%Q2 ’26+10%+9%

Non-interest income vs. expense

2.34%Q2 ’242.47%Q2 ’252.69%Q2 ’26+6%+11%

Market Position · Casper, WY · 2026 SOD (annual) · 35.4% share · #1 of 9 inst. · $0.9B of $2.6B

35.4% Natrona
3.6% Converse
1.0% Laramie

Executive Summary

  • Earnings: ROA of 1.39%, up 11 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.28% of loans (+28 bps YoY), with net charge-offs at 0.14%.
  • Capital: tier 1 leverage ratio of 11.95%, down 19 bps from a year ago.
  • Funding: loans stand at 66.85% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.39%+11 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+28 bps YoY

Efficiency Ratio (YTD, annualized)

59.34%+27 bps YoY

Tier 1 Leverage Ratio

11.95%-19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.28%1.35%1.35%1.32%1.39%+11 bps
Return on Equity16.30%16.78%16.68%15.71%16.43%+12 bps
Net Interest Margin3.09%3.13%3.14%3.26%3.37%+28 bps
Efficiency Ratio59.07%58.13%59.03%61.52%59.34%+27 bps
Non-Interest Burden1.38%1.35%1.39%1.54%1.53%+15 bps
Growth
Asset Growth (YoY)3.39%0.76%21.89%6.48%13.04%+965 bps
Loan Growth (YoY)19.12%21.03%16.59%16.22%14.20%-492 bps
Deposit Growth (YoY)2.83%0.88%20.82%4.69%7.59%+476 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.66%0.21%0.27%0.28%+28 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.14%+13 bps
Allowance / Loans1.26%1.26%1.26%1.24%1.19%-6 bps
Allowance Coverage of NPLsn/a1.9x6.1x4.6x4.3xn/a
Capital
Tier 1 Leverage Ratio12.13%12.30%12.30%12.06%11.95%-19 bps
Total Risk-Based Capital12.13%12.30%12.30%12.06%11.95%-19 bps
Equity / Assets8.02%8.62%8.31%8.52%8.60%+58 bps
Liquidity & Funding
Loans / Deposits62.99%61.26%57.56%60.97%66.85%+387 bps
Liquid Assets / Assets0.97%3.71%10.65%4.54%1.17%+20 bps
CRE / Total Capitaln/a225%225%233%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

Hilltop National Bank

Casper, WY · Cert 19184 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Midland Financial Corp.

National charter · OCC · 7 branches

Q2 2026

$1.1BAssets
$660.2MLoans
$987.6MDeposits
$97.7MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 85% of banks $1B-$10B in assets operating in a single state (rank 38 of 258).
  • Widest gap: equity / assets trails 85% of banks $1B-$10B in assets operating in a single state (rank 219 of 258).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.41%

Rank 82 of 258

Net Interest Margin

3.37%

Rank 149 of 258

Efficiency Ratio

59.40%

Rank 123 of 257

Equity / Assets

8.60%

Rank 219 of 258

Non-interest income vs. expense

$13.5M$31.3MINCOMEEXPENSE
Unfavorable gap of $17.8M · efficiency ratio beats 53% of banks $1B-$10B in assets operating in a single state
Bank 59.40%Peer median 60.3%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.41%0.93%1.23%1.54%Beats 68%82 / 258
Return on Equity16.38%9.26%11.84%14.74%Beats 85%38 / 258
Net Interest Margin3.37%3.16%3.49%3.88%Beats 42%149 / 258
Efficiency Ratio59.40%51.71%60.30%69.65%Beats 53%123 / 257
Asset Quality
Nonperforming Loans / Loans0.28%0.19%0.46%0.90%Beats 64%94 / 258
Net Charge-Offs / Loans0.07%0.01%0.02%0.07%Beats 24%198 / 258
Capital
Tier 1 Capital Ratio11.95%11.41%12.98%15.12%Beats 31%177 / 258
Total Risk-Based Capital Ratio11.95%12.10%13.91%16.08%Beats 22%200 / 258
Equity / Assets8.60%9.09%10.24%11.72%Beats 15%219 / 258
Liquidity & Funding
Loans / Deposits66.85%73.24%86.34%95.95%15th pctl220 / 258
Loans / Assets58.13%63.01%72.27%78.40%16th pctl217 / 258
Brokered Deposits / Depositsn/aNot reported for this institution