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Pioneer State Bank

Deer Lodge, MT · Cert 29517

SI · FDIC · 2 branches

Q2 2026

$133.5MAssets
$93.3MLoans
$100.5MDeposits
$22.5MEquity
Loan mix
96%RE $88.4M2%C&I $2.3M1%Consumer $1.0MQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $87.0M13%Noninterest $13.5MQ2 2025Q2 2026

NIM

4.42%Q2 ’244.74%Q2 ’254.37%Q2 ’26+15%-16%

Non-interest income vs. expense

2.86%Q2 ’243.64%Q2 ’257.63%Q2 ’26+121%+115%

Executive Summary

  • Earnings: ROA of -3.50%, down 372 bps year over year; NIM at 2.71%.
  • Asset quality: problem loans at 0.59% of loans (+52 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 16.80%, down 20 bps from a year ago.
  • Funding: loans stand at 92.86% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

-3.50%-372 bps YoY

Net Interest Margin (quarter, annualized)

2.71%-51 bps YoY

Efficiency Ratio (quarter, annualized)

258%+15,200 bps YoY

Tier 1 Leverage Ratio

16.80%-20 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.22%-0.07%-0.06%-0.76%-3.50%-372 bps
Return on Equity1.35%-0.41%-0.41%-5.01%-21.94%-2,329 bps
Net Interest Margin3.22%3.18%3.06%3.06%2.71%-51 bps
Efficiency Ratio106.37%95.93%102.56%126.55%258%+15,200 bps
Non-Interest Burden3.44%3.05%3.15%3.93%7.39%+395 bps
Growth
Asset Growth (YoY)-0.14%5.40%6.85%9.32%18.01%+1,815 bps
Loan Growth (YoY)0.93%1.29%3.85%4.99%8.23%+730 bps
Deposit Growth (YoY)-0.32%7.17%8.96%12.35%16.76%+1,708 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.52%0.00%0.06%0.59%+52 bps
Net Charge-Offs / Loans0.01%-0.01%0.00%0.00%-0.01%-2 bps
Allowance / Loans1.27%1.25%1.25%1.27%1.20%-8 bps
Allowance Coverage of NPLs18.3x2.4xn/a21.6x2.0x-16.3x
Capital
Tier 1 Leverage Ratio17.00%16.64%16.05%15.68%16.80%-20 bps
Total Risk-Based Capital17.00%16.64%16.05%15.68%16.80%-20 bps
Equity / Assets16.28%15.52%15.40%14.95%16.87%+58 bps
Liquidity & Funding
Loans / Deposits100.18%96.14%97.88%96.41%92.86%-732 bps
Liquid Assets / Assets7.47%7.75%6.94%6.54%16.79%+932 bps
CRE / Total Capitaln/a44.10%48.15%54.41%n/an/a