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Madison Valley Bank

Ennis, MT · Cert 19544 · Jackass Creek Land&Livestock

State charter, non-member · FDIC · 5 branches

Q2 2026

$263.7MAssets
$128.1MLoans
$238.6MDeposits
$23.6MEquity
Loan mix
92%RE $114.9M6%C&I $7.1M3%Consumer $3.2MQ2 2025Q2 2026
Deposit mix
69%Interest-bearing $163.5M31%Noninterest $75.1MQ2 2025Q2 2026

NIM

4.30%Q2 ’244.40%Q2 ’254.62%Q2 ’26+5%+12%

Non-interest income vs. expense

2.46%Q2 ’242.91%Q2 ’252.70%Q2 ’26+34%-8%

Market Position · Helena, MT · 2026 SOD (annual) · 1.9% share · #8 of 14 inst. · $0.1B of $2.9B

48.4% Madison
45.1% Jefferson
0.7% Gallatin

Executive Summary

  • Earnings: ROA of 0.84%, up 43 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 1.27% of loans (-10 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.24%, up 40 bps from a year ago.
  • Funding: loans stand at 53.72% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.84%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+38 bps YoY

Efficiency Ratio (YTD, annualized)

70.68%-1,418 bps YoY

Tier 1 Leverage Ratio

9.24%+40 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.42%0.50%0.55%0.73%0.84%+43 bps
Return on Equity5.09%6.08%6.55%8.57%9.75%+466 bps
Net Interest Margin3.17%3.19%3.25%3.54%3.55%+38 bps
Efficiency Ratio84.86%81.82%80.90%74.93%70.68%-1,418 bps
Non-Interest Burden2.65%2.57%2.59%2.59%2.43%-22 bps
Growth
Asset Growth (YoY)1.94%1.85%1.94%5.00%-1.05%-299 bps
Loan Growth (YoY)-2.36%-4.75%-0.95%-2.31%-1.01%+135 bps
Deposit Growth (YoY)3.83%1.88%1.33%9.81%1.25%-258 bps
Asset Quality
Nonperforming Loans / Loans1.37%1.07%1.25%1.52%1.27%-10 bps
Net Charge-Offs / Loans0.01%0.00%0.01%-0.03%-0.01%-2 bps
Allowance / Loans1.58%1.60%1.56%1.61%1.64%+6 bps
Allowance Coverage of NPLs1.1x1.5x1.3x1.1x1.3x+0.1x
Capital
Tier 1 Leverage Ratio8.85%8.82%8.74%9.26%9.24%+40 bps
Total Risk-Based Capital14.94%15.19%15.31%15.64%15.77%+83 bps
Equity / Assets8.13%8.32%8.86%8.18%8.95%+83 bps
Liquidity & Funding
Loans / Deposits54.94%51.04%54.69%49.07%53.72%-123 bps
Liquid Assets / Assets33.04%34.83%31.56%37.02%30.79%-226 bps
CRE / Total Capitaln/a262%267%256%n/an/a