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Letter portraitLegal landscapeQuarterYTD

Bankfirst

Norfolk, NE · Cert 20130 · North Central Bcorp Inc.

State charter, non-member · FDIC · 14 branches

Q2 2026

$1.2BAssets
$730.1MLoans
$804.7MDeposits
$195.6MEquity
Loan mix
89%RE $519.7M10%C&I $60.3M1%Consumer $3.6MQ2 2025Q2 2026
Deposit mix
89%Interest-bearing $716.0M11%Noninterest $88.7MQ2 2025Q2 2026

NIM

6.59%Q2 ’246.22%Q2 ’256.07%Q2 ’26-2%+3%

Non-interest income vs. expense

1.67%Q2 ’241.60%Q2 ’251.54%Q2 ’26-4%-2%

Market Position · Sioux City, IA-NE-SD · 2026 SOD (annual) · 2.8% share · #11 of 28 inst. · $0.1B of $4.6B

16.4% Madison
25.6% Dakota
3.3% Platte
11.8% Monona

Executive Summary

  • Earnings: ROA of 1.92%, up 10 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.84% of loans (-160 bps YoY), with net charge-offs at 0.39%.
  • Capital: tier 1 leverage ratio of 15.31%, up 24 bps from a year ago.
  • Funding: loans stand at 90.73% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.92%+10 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+13 bps YoY

Efficiency Ratio (YTD, annualized)

36.28%-141 bps YoY

Tier 1 Leverage Ratio

15.31%+24 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.82%1.87%2.05%1.93%1.92%+10 bps
Return on Equity11.67%12.14%13.30%12.38%12.17%+50 bps
Net Interest Margin3.87%3.80%3.87%4.13%4.00%+13 bps
Efficiency Ratio37.69%36.82%35.77%36.50%36.28%-141 bps
Non-Interest Burden1.28%1.22%1.18%1.29%1.25%-3 bps
Growth
Asset Growth (YoY)4.51%4.34%6.54%9.27%4.94%+42 bps
Loan Growth (YoY)2.14%0.53%1.07%0.78%1.71%-43 bps
Deposit Growth (YoY)7.29%4.22%3.43%2.32%11.41%+412 bps
Asset Quality
Nonperforming Loans / Loans2.44%2.28%1.42%0.69%0.84%-160 bps
Net Charge-Offs / Loans0.62%0.41%0.60%-0.05%0.39%-23 bps
Allowance / Loans1.54%1.66%1.45%1.60%1.52%-3 bps
Allowance Coverage of NPLs0.6x0.7x1.0x2.3x1.8x+1.2x
Capital
Tier 1 Leverage Ratio15.07%14.22%14.67%15.25%15.31%+24 bps
Total Risk-Based Capital19.61%19.22%19.73%20.51%20.92%+131 bps
Equity / Assets15.55%14.91%15.37%15.77%16.14%+58 bps
Liquidity & Funding
Loans / Deposits99.38%96.20%99.90%97.13%90.73%-865 bps
Liquid Assets / Assets0.53%0.40%0.76%0.31%0.45%-9 bps
CRE / Total Capitaln/a170.28%170.51%167.02%n/an/a