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Yellowstone Bank, The

Laurel, MT · Cert 1978 · Yellowstone Holding Co.

State charter, Fed member · FED · 10 branches

Q2 2026

$1.3BAssets
$751.2MLoans
$1.1BDeposits
$169.7MEquity
Loan mix
89%RE $617.6M10%C&I $70.6M1%Consumer $9.2MQ3 2024Q2 2026
Deposit mix
74%Interest-bearing $831.6M26%Noninterest $290.1MQ3 2024Q2 2026

Market Position · Billings, MT · 2026 SOD (annual) · 11.1% share · #6 of 13 inst. · $0.9B of $8.0B

9.1% Yellowstone
73.5% Stillwater
16.2% Richland
1.4% Gallatin

Executive Summary

  • Earnings: ROA of 2.35%, up 6 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.01% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.33%, down 74 bps from a year ago.
  • Funding: loans stand at 66.97% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.35%+6 bps YoY

Net Interest Margin (YTD, annualized)

4.13%+2 bps YoY

Efficiency Ratio (YTD, annualized)

31.22%-155 bps YoY

Tier 1 Leverage Ratio

12.33%-74 bps YoY

NIM

5.22%Q2 ’245.73%Q2 ’255.70%Q2 ’26+31%+1%

Non-interest income vs. expense

1.25%Q2 ’241.43%Q2 ’251.37%Q2 ’26+11%-5%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.70%1.79%2.25%2.29%2.34%2.25%2.35%2.35%+6 bps
Return on Equity14.17%14.41%16.32%16.79%17.14%16.52%17.98%18.15%+137 bps
Net Interest Margin3.29%3.57%3.99%4.11%4.12%3.97%4.07%4.13%+2 bps
Efficiency Ratio37.49%37.65%32.52%32.76%32.00%35.97%30.33%31.22%-155 bps
Non-Interest Burden1.09%1.18%1.09%1.15%1.04%1.15%1.03%1.09%-6 bps
Growth
Asset Growth (YoY)17.14%-8.83%-9.59%-7.54%-3.50%7.88%6.04%5.04%+1,258 bps
Loan Growth (YoY)2.67%5.51%2.06%3.39%5.70%4.48%7.34%6.40%+301 bps
Deposit Growth (YoY)5.16%6.38%7.42%8.67%7.98%8.71%7.01%5.86%-282 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.14%0.29%0.00%0.14%0.45%0.32%0.01%+1 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%-0.01%0.00%0.00%0 bps
Allowance / Loans0.47%0.45%0.46%0.45%0.58%0.57%0.57%0.56%+11 bps
Allowance Coverage of NPLs2.9x3.3x1.6x138.9x4.1x1.3x1.8x42.7x-96.2x
Capital
Tier 1 Leverage Ratio12.24%13.49%12.88%13.07%13.32%13.28%12.16%12.33%-74 bps
Total Risk-Based Capital12.24%13.49%12.88%13.07%13.32%13.28%12.16%12.33%-74 bps
Equity / Assets12.75%14.35%13.23%13.37%13.55%13.61%12.51%12.67%-70 bps
Liquidity & Funding
Loans / Deposits67.91%68.02%65.27%66.63%66.47%65.37%65.47%66.97%+34 bps
Liquid Assets / Assets37.34%39.32%40.83%40.16%40.25%39.76%37.91%34.43%-573 bps
CRE / Total Capitaln/an/an/an/a258%252%284%n/an/a