PackageTrendsPeer
Letter portraitLegal landscape

First National Bank

Oldham, SD · Cert 25894 · Fulda Bcorp Inc.

National charter · OCC · 12 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating regionally3

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 under $1B in assets operating regionally (n=94). 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

96

Q2 2024Q2 2026peer median (50)

Asset Quality

6

Q2 2024Q2 2026peer median (50)

Profitability

83

Q2 2024Q2 2026peer median (50)

Liquidity

35

Q2 2024Q2 2026peer median

Efficiency

96

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

First National Bank

Oldham, SD · Cert 25894 · Fulda Bcorp Inc.

National charter · OCC · 12 branches

Q2 2026

$477.8MAssets
$367.3MLoans
$380.1MDeposits
$86.5MEquity
Loan mix
74%RE $229.4M6%C&I $19.1M20%Consumer $63.0MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $328.8M14%Noninterest $51.4MQ3 2024Q2 2026

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.0% share · #114 of 125 inst. · $0.0B of $253.2B

37.6% Murray
17.4% Jackson
0.4% Dakota
4.3% Fillmore

Executive Summary

  • Earnings: ROA of 2.18%, down 3 bps year over year; NIM at 7.43%.
  • Asset quality: problem loans at 2.01% of loans (-35 bps YoY), with net charge-offs at 4.56%.
  • Capital: tier 1 leverage ratio of 18.41%, up 334 bps from a year ago.
  • Funding: loans stand at 96.64% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

2.18%-3 bps YoY

Net Interest Margin (YTD, annualized)

7.43%-67 bps YoY

Efficiency Ratio (YTD, annualized)

45.73%+413 bps YoY

Tier 1 Leverage Ratio

18.41%+334 bps YoY

NIM

10.36%Q2 ’249.66%Q2 ’258.74%Q2 ’26-7%-8%

Non-interest income vs. expense

4.86%Q2 ’244.64%Q2 ’254.63%Q2 ’26-21%+22%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.85%1.20%2.18%2.20%2.14%2.08%2.26%2.18%-3 bps
Return on Equity6.82%9.54%16.26%16.02%15.15%14.53%13.78%12.82%-320 bps
Net Interest Margin8.61%8.51%8.17%8.10%8.16%8.09%7.46%7.43%-67 bps
Efficiency Ratio41.82%41.39%40.75%41.60%41.90%42.35%44.74%45.73%+413 bps
Non-Interest Burden1.87%1.75%1.47%1.57%1.59%1.66%1.80%1.92%+35 bps
Growth
Asset Growth (YoY)6.43%2.50%2.59%0.83%1.57%2.36%5.33%6.31%+548 bps
Loan Growth (YoY)2.68%1.78%5.09%2.81%-0.86%-0.74%0.89%3.15%+34 bps
Deposit Growth (YoY)4.48%3.36%2.62%0.33%1.24%-0.22%0.61%1.43%+110 bps
Asset Quality
Nonperforming Loans / Loans1.16%1.15%1.29%2.36%2.54%2.18%2.12%2.01%-35 bps
Net Charge-Offs / Loans7.52%7.30%6.66%6.94%6.50%6.05%4.94%4.56%-238 bps
Allowance / Loans8.57%8.06%7.74%7.17%7.15%6.87%6.47%6.27%-90 bps
Allowance Coverage of NPLs7.4x7.0x6.0x3.0x2.8x3.1x3.1x3.1x+0.1x
Capital
Tier 1 Leverage Ratio13.80%14.20%14.49%15.07%15.79%16.16%18.30%18.41%+334 bps
Total Risk-Based Capital18.61%18.92%19.15%19.74%20.59%20.73%24.01%24.12%+437 bps
Equity / Assets13.10%13.12%13.65%14.49%15.14%15.29%17.48%18.11%+362 bps
Liquidity & Funding
Loans / Deposits95.97%94.62%93.01%95.02%93.98%94.14%93.26%96.64%+161 bps
Liquid Assets / Assets4.89%4.82%6.14%3.84%5.30%3.90%7.09%2.61%-124 bps
CRE / Total Capitaln/an/an/an/a187.68%185.74%156.97%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

First National Bank

Oldham, SD · Cert 25894 · Peer group: banks under $1B in assets operating regionally (n=94) · Fulda Bcorp Inc.

National charter · OCC · 12 branches

Q2 2026

$477.8MAssets
$367.3MLoans
$380.1MDeposits
$86.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 99% of banks under $1B in assets operating regionally (rank 1 of 94).
  • Widest gap: net charge-offs / loans trails 99% of banks under $1B in assets operating regionally (rank 94 of 94).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

2.16%

Rank 3 of 94

Net Interest Margin

7.43%

Rank 1 of 94

Efficiency Ratio

45.73%

Rank 5 of 94

Equity / Assets

18.11%

Rank 2 of 94

Non-interest income vs. expense

$13.3M$22.8MINCOMEEXPENSE
Unfavorable gap of $9.4M · efficiency ratio beats 96% of banks under $1B in assets operating regionally
Bank 45.73%Peer median 62.4%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets2.16%0.82%1.19%1.46%Beats 97%3 / 94
Return on Equity11.95%7.85%11.84%14.03%Beats 53%44 / 94
Net Interest Margin7.43%3.42%3.81%4.18%Beats 99%1 / 94
Efficiency Ratio45.73%55.99%62.41%73.02%Beats 96%5 / 94
Asset Quality
Nonperforming Loans / Loans2.01%0.19%0.47%1.14%Beats 11%85 / 94
Net Charge-Offs / Loans2.56%0.00%0.02%0.05%Beats 1%94 / 94
Capital
Tier 1 Capital Ratio22.81%10.28%11.95%15.07%Beats 95%5 / 94
Total Risk-Based Capital Ratio24.12%10.31%12.59%15.88%Beats 95%5 / 94
Equity / Assets18.11%8.98%10.21%11.41%Beats 98%2 / 94
Liquidity & Funding
Loans / Deposits96.64%72.62%84.44%94.55%78th pctl21 / 94
Loans / Assets76.88%62.50%72.84%78.99%66th pctl32 / 94
Brokered Deposits / Depositsn/aNot reported for this institution