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Gate City Bank

Fargo, ND · Cert 27774

State savings bank · OCC · 46 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

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 (n=322 to 328). 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

11

Q2 2024Q2 2026peer median (50)

Asset Quality

32

Q2 2024Q2 2026peer median (50)

Profitability

33

Q2 2024Q2 2026peer median (50)

Liquidity

79

Q2 2024Q2 2026peer median

Efficiency

12

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

Gate City Bank

Fargo, ND · Cert 27774

State savings bank · OCC · 46 branches

Q2 2026

$4.0BAssets
$3.0BLoans
$3.6BDeposits
$373.7MEquity
Loan mix
76%RE $2.2B3%C&I $0.1B20%Consumer $0.6BQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $3.1B14%Noninterest $0.5BQ2 2025Q2 2026

NIM

3.95%Q2 ’244.41%Q2 ’254.55%Q2 ’26+17%+11%

Non-interest income vs. expense

3.98%Q2 ’243.87%Q2 ’253.68%Q2 ’26+2%-2%

Market Position · Fargo, ND-MN · 2026 SOD (annual) · 9.3% share · #3 of 32 inst. · $1.2B of $12.9B

9.2% Cass
11.0% Burleigh
12.8% Grand Forks
8.7% Ward

Executive Summary

  • Earnings: ROA of 0.85%, up 36 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.69% of loans (-3 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 9.85%, up 20 bps from a year ago.
  • Funding: loans stand at 83.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.85%+36 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+34 bps YoY

Efficiency Ratio (YTD, annualized)

74.56%-723 bps YoY

Tier 1 Leverage Ratio

9.85%+20 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.48%0.56%0.60%0.82%0.85%+36 bps
Return on Equity5.49%6.33%6.77%9.05%9.30%+381 bps
Net Interest Margin3.11%3.17%3.18%3.42%3.44%+34 bps
Efficiency Ratio81.79%80.30%80.09%75.24%74.56%-723 bps
Non-Interest Burden2.24%2.23%2.23%2.20%2.19%-5 bps
Growth
Asset Growth (YoY)4.28%3.75%5.68%5.72%7.81%+353 bps
Loan Growth (YoY)2.79%1.41%2.12%2.04%1.16%-163 bps
Deposit Growth (YoY)7.94%7.14%8.80%6.90%8.32%+37 bps
Asset Quality
Nonperforming Loans / Loans0.72%0.72%0.72%0.72%0.69%-3 bps
Net Charge-Offs / Loans0.14%0.14%0.13%0.18%0.16%+2 bps
Allowance / Loans0.67%0.69%0.69%0.70%0.70%+3 bps
Allowance Coverage of NPLs0.9x1.0x1.0x1.0x1.0x+0.1x
Capital
Tier 1 Leverage Ratio9.65%9.79%9.75%9.82%9.85%+20 bps
Total Risk-Based Capital9.65%9.79%9.75%9.82%9.85%+20 bps
Equity / Assets9.06%9.16%9.03%9.04%9.24%+18 bps
Liquidity & Funding
Loans / Deposits88.96%86.56%83.07%81.84%83.08%-588 bps
Liquid Assets / Assets5.06%6.84%7.17%7.28%4.39%-67 bps
CRE / Total Capitaln/a118.57%126.91%136.96%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

Gate City Bank

Fargo, ND · Cert 27774 · Peer group: banks $1B-$10B in assets (n=322-328)

State savings bank · OCC · 46 branches

Q2 2026

$4.0BAssets
$3.0BLoans
$3.6BDeposits
$373.7MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 49% of banks $1B-$10B in assets (rank 167 of 328).
  • Widest gap: total risk-based capital ratio trails 97% of banks $1B-$10B in assets (rank 319 of 328).
  • Overall: at or above the peer median on 0 of 9 directional measures.

Return on Assets

0.84%

Rank 261 of 328

Net Interest Margin

3.44%

Rank 167 of 328

Efficiency Ratio

74.56%

Rank 289 of 328

Equity / Assets

9.24%

Rank 239 of 328

Non-interest income vs. expense

$59.7M$147.5MINCOMEEXPENSE
Unfavorable gap of $87.8M · efficiency ratio beats 12% of banks $1B-$10B in assets
Bank 74.56%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.84%0.91%1.22%1.52%Beats 20%261 / 328
Return on Equity9.10%8.43%11.45%14.43%Beats 30%230 / 328
Net Interest Margin3.44%3.03%3.45%3.83%Beats 49%167 / 328
Efficiency Ratio74.56%51.61%59.56%67.53%Beats 12%289 / 328
Asset Quality
Nonperforming Loans / Loans0.69%0.24%0.51%1.03%Beats 38%201 / 322
Net Charge-Offs / Loans0.10%0.01%0.03%0.10%Beats 26%239 / 322
Capital
Tier 1 Capital Ratio9.85%11.75%13.15%15.47%Beats 4%316 / 328
Total Risk-Based Capital Ratio9.85%12.63%14.15%16.46%Beats 3%319 / 328
Equity / Assets9.24%9.15%10.33%12.01%Beats 27%239 / 328
Liquidity & Funding
Loans / Deposits83.08%76.63%87.92%95.36%39th pctl198 / 323
Loans / Assets74.21%65.18%74.15%79.98%50th pctl163 / 328
Brokered Deposits / Depositsn/aNot reported for this institution