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Trailwest Bank

Lolo, MT · Cert 23806 · Bitterroot Holding Co.

State charter, non-member · FDIC · 15 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

20

Q2 2024Q2 2026peer median (50)

Asset Quality

12

Q2 2024Q2 2026peer median (50)

Profitability

73

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

74

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

Trailwest Bank

Lolo, MT · Cert 23806 · Bitterroot Holding Co.

State charter, non-member · FDIC · 1 affiliate bank · 15 branches (18 in holding)

Q2 2026

$1.1BAssets
$895.4MLoans
$860.2MDeposits
$93.9MEquity
Loan mix
91%RE $793.3M7%C&I $63.3M2%Consumer $14.5MQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $656.3M24%Noninterest $203.9MQ2 2025Q2 2026

NIM

5.35%Q2 ’245.60%Q2 ’255.61%Q2 ’26+3%+7%

Non-interest income vs. expense

2.45%Q2 ’242.15%Q2 ’252.18%Q2 ’26-17%+11%

Market Position · Missoula, MT · 2026 SOD (annual) · 12.5% share · #4 of 11 inst. · $0.5B of $4.0B

11.0% Missoula
20.5% Ravalli
2.1% Flathead
100.0% Mineral

Executive Summary

  • Earnings: ROA of 1.38%, up 9 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 1.82% of loans (+174 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 8.62%, up 14 bps from a year ago.
  • Funding: loans stand at 104.09% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.38%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.82%+24 bps YoY

Efficiency Ratio (YTD, annualized)

52.01%-49 bps YoY

Tier 1 Leverage Ratio

8.62%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.29%1.39%1.48%1.36%1.38%+9 bps
Return on Equity15.67%16.86%17.80%15.94%16.19%+53 bps
Net Interest Margin3.58%3.71%3.72%3.87%3.82%+24 bps
Efficiency Ratio52.50%51.80%51.33%50.73%52.01%-49 bps
Non-Interest Burden1.64%1.69%1.70%1.79%1.81%+18 bps
Growth
Asset Growth (YoY)9.65%10.76%3.06%6.60%10.36%+71 bps
Loan Growth (YoY)8.65%11.74%15.33%16.45%10.71%+206 bps
Deposit Growth (YoY)12.05%13.21%2.43%6.48%11.54%-51 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.25%0.15%1.83%1.82%+174 bps
Net Charge-Offs / Loans0.02%-0.02%0.03%0.24%0.16%+14 bps
Allowance / Loans1.32%1.31%1.31%1.31%1.35%+4 bps
Allowance Coverage of NPLs17.7x5.2x9.0x0.7x0.7x-17.0x
Capital
Tier 1 Leverage Ratio8.48%8.68%8.64%8.80%8.62%+14 bps
Total Risk-Based Capital12.17%11.66%11.81%11.93%12.15%-2 bps
Equity / Assets8.41%8.45%8.49%8.61%8.49%+7 bps
Liquidity & Funding
Loans / Deposits104.87%108.01%107.78%106.37%104.09%-78 bps
Liquid Assets / Assets13.36%11.02%11.36%12.42%13.49%+13 bps
CRE / Total Capitaln/a385%386%387%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

Trailwest Bank

Lolo, MT · Cert 23806 · Peer group: banks $1B-$10B in assets operating in a single state (n=257-258) · Bitterroot Holding Co.

State charter, non-member · FDIC · 1 affiliate bank · 15 branches (18 in holding)

Q2 2026

$1.1BAssets
$895.4MLoans
$860.2MDeposits
$93.9MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 82% of banks $1B-$10B in assets operating in a single state (rank 46 of 258).
  • Widest gap: nonperforming loans / loans trails 91% of banks $1B-$10B in assets operating in a single state (rank 237 of 258).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.35%

Rank 95 of 258

Net Interest Margin

3.82%

Rank 70 of 258

Efficiency Ratio

52.01%

Rank 68 of 257

Equity / Assets

8.49%

Rank 223 of 258

Non-interest income vs. expense

$4.0M$23.9MINCOMEEXPENSE
Unfavorable gap of $19.9M · efficiency ratio beats 74% of banks $1B-$10B in assets operating in a single state
Bank 52.01%Peer median 60.3%Q4 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.35%0.93%1.23%1.54%Beats 63%95 / 258
Return on Equity15.94%9.26%11.84%14.74%Beats 82%46 / 258
Net Interest Margin3.82%3.16%3.49%3.88%Beats 73%70 / 258
Efficiency Ratio52.01%51.71%60.30%69.65%Beats 74%68 / 257
Asset Quality
Nonperforming Loans / Loans1.82%0.19%0.46%0.90%Beats 9%237 / 258
Net Charge-Offs / Loans0.14%0.01%0.02%0.07%Beats 15%220 / 258
Capital
Tier 1 Capital Ratio10.89%11.41%12.98%15.12%Beats 20%207 / 258
Total Risk-Based Capital Ratio12.15%12.10%13.91%16.08%Beats 26%192 / 258
Equity / Assets8.49%9.09%10.24%11.72%Beats 14%223 / 258
Liquidity & Funding
Loans / Deposits104.09%73.24%86.34%95.95%90th pctl26 / 258
Loans / Assets80.97%63.01%72.27%78.40%82nd pctl46 / 258
Brokered Deposits / Depositsn/aNot reported for this institution