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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