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First Federal Bank & Trust

Sheridan, WY · Cert 29537

State savings bank · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets (n=581 to 629). 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

51

Q2 2024Q2 2026peer median (50)

Asset Quality

8

Q2 2024Q2 2026peer median (50)

Profitability

32

Q2 2024Q2 2026peer median (50)

Liquidity

68

Q2 2024Q2 2026peer median

Efficiency

43

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 Federal Bank & Trust

Sheridan, WY · Cert 29537

State savings bank · OCC · 3 branches

Q2 2026

$621.1MAssets
$485.7MLoans
$551.9MDeposits
$66.3MEquity
Loan mix
82%RE $386.0M16%C&I $76.4M2%Consumer $7.2MQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $465.1M16%Noninterest $86.8MQ2 2025Q2 2026

NIM

5.17%Q2 ’245.21%Q2 ’255.15%Q2 ’26+41%+13%

Non-interest income vs. expense

2.46%Q2 ’242.54%Q2 ’252.63%Q2 ’26+18%-3%

Market Position · Billings, MT · 2026 SOD (annual) · 0.5% share · #12 of 13 inst. · $0.0B of $8.0B

37.1% Sheridan
0.5% Yellowstone

Executive Summary

  • Earnings: ROA of 0.68%, up 25 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 3.29% of loans (+16 bps YoY), with net charge-offs at 0.39%.
  • Capital: tier 1 leverage ratio of 11.05%, up 14 bps from a year ago.
  • Funding: loans stand at 88.01% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.68%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+38 bps YoY

Efficiency Ratio (YTD, annualized)

70.52%-904 bps YoY

Tier 1 Leverage Ratio

11.05%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.43%0.46%0.43%0.58%0.68%+25 bps
Return on Equity4.35%4.59%4.27%5.54%6.47%+212 bps
Net Interest Margin2.91%3.02%3.05%3.25%3.28%+38 bps
Efficiency Ratio79.56%78.68%80.56%69.38%70.52%-904 bps
Non-Interest Burden2.26%2.32%2.40%2.11%2.19%-7 bps
Growth
Asset Growth (YoY)0.46%-1.53%-0.31%2.00%0.76%+30 bps
Loan Growth (YoY)1.87%0.54%2.94%-0.28%-1.07%-294 bps
Deposit Growth (YoY)0.16%-2.10%-1.26%1.48%1.85%+169 bps
Asset Quality
Nonperforming Loans / Loans3.13%3.19%3.07%3.10%3.29%+16 bps
Net Charge-Offs / Loans0.10%0.22%0.17%0.58%0.39%+30 bps
Allowance / Loans1.41%1.36%1.34%1.35%1.37%-4 bps
Allowance Coverage of NPLs0.4x0.4x0.4x0.4x0.4x0.0x
Capital
Tier 1 Leverage Ratio10.91%11.05%11.12%11.07%11.05%+14 bps
Total Risk-Based Capital14.55%14.69%14.62%14.93%15.01%+46 bps
Equity / Assets10.01%10.45%10.58%10.34%10.68%+67 bps
Liquidity & Funding
Loans / Deposits90.61%89.62%91.30%86.20%88.01%-260 bps
Liquid Assets / Assets3.05%2.89%1.59%6.40%4.76%+171 bps
CRE / Total Capitaln/a294%295%287%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 Federal Bank & Trust

Sheridan, WY · Cert 29537 · Peer group: banks under $1B in assets (n=581-629)

State savings bank · OCC · 3 branches

Q2 2026

$621.1MAssets
$485.7MLoans
$551.9MDeposits
$66.3MEquity

Executive Summary

  • Strongest standing: total risk-based capital ratio outperforms 53% of banks under $1B in assets (rank 293 of 629).
  • Widest gap: nonperforming loans / loans trails 94% of banks under $1B in assets (rank 547 of 581).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.68%

Rank 448 of 629

Net Interest Margin

3.28%

Rank 398 of 629

Efficiency Ratio

70.52%

Rank 362 of 629

Equity / Assets

10.68%

Rank 313 of 629

Non-interest income vs. expense

$2.8M$16.8MINCOMEEXPENSE
Unfavorable gap of $14.0M · efficiency ratio beats 43% of banks under $1B in assets
Bank 70.52%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.68%0.60%1.01%1.45%Beats 29%448 / 629
Return on Equity6.39%5.38%9.30%13.28%Beats 30%443 / 629
Net Interest Margin3.28%3.03%3.54%4.05%Beats 37%398 / 629
Efficiency Ratio70.52%58.35%67.79%79.08%Beats 43%362 / 629
Asset Quality
Nonperforming Loans / Loans3.29%0.09%0.46%1.20%Beats 6%547 / 581
Net Charge-Offs / Loans0.21%n/a0.01%0.06%Beats 9%532 / 581
Capital
Tier 1 Capital Ratio13.76%11.24%13.84%18.77%Beats 49%319 / 629
Total Risk-Based Capital Ratio15.01%11.58%14.43%19.66%Beats 53%293 / 629
Equity / Assets10.68%9.09%10.65%13.80%Beats 50%313 / 629
Liquidity & Funding
Loans / Deposits88.01%67.24%80.90%93.48%65th pctl210 / 594
Loans / Assets78.21%53.31%67.71%78.15%75th pctl156 / 629
Brokered Deposits / Depositsn/aNot reported for this institution