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First Western Federal Savings Bank

Rapid City, SD · Cert 31972

State savings bank · OCC · 1 branch

Q2 2026

$63.5MAssets
$58.6MLoans
$40.6MDeposits
$11.2MEquity
Loan mix
100%RE $57.0M0%C&I $0.0M0%Consumer $0.0MQ2 2025Q2 2026
Deposit mix
93%Interest-bearing $37.7M7%Noninterest $2.8MQ2 2025Q2 2026

NIM

7.26%Q2 ’247.88%Q2 ’257.77%Q2 ’26+20%+7%

Non-interest income vs. expense

2.58%Q2 ’242.82%Q2 ’252.66%Q2 ’26+9%-6%

Market Position · Rapid City, SD · 2026 SOD (annual) · 1.0% share · #11 of 11 inst. · $0.0B of $3.9B

Executive Summary

  • Earnings: ROA of 1.93%, up 34 bps year over year; NIM at 5.21%.
  • Asset quality: problem loans at 0.00% of loans (-16 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.08%, up 11 bps from a year ago.
  • Funding: loans stand at 144.42% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.93%+34 bps YoY

Net Interest Margin (quarter, annualized)

5.21%+35 bps YoY

Efficiency Ratio (quarter, annualized)

50.93%-698 bps YoY

Tier 1 Leverage Ratio

18.08%+11 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.59%1.21%1.75%1.70%1.93%+34 bps
Return on Equity9.00%6.84%10.36%10.24%11.21%+221 bps
Net Interest Margin4.87%4.81%4.52%4.73%5.21%+35 bps
Efficiency Ratio57.91%67.86%52.21%54.70%50.93%-698 bps
Non-Interest Burden2.82%3.27%2.36%2.58%2.66%-16 bps
Growth
Asset Growth (YoY)-2.99%-3.22%3.92%8.24%5.19%+818 bps
Loan Growth (YoY)-3.95%-2.97%-1.44%1.79%4.85%+881 bps
Deposit Growth (YoY)-8.24%-7.44%0.19%9.68%7.17%+1,541 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.00%0.00%0.00%0.00%-16 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.70%0.68%0.69%0.68%0.66%-3 bps
Allowance Coverage of NPLs4.4xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio17.97%17.82%16.56%16.51%18.08%+11 bps
Total Risk-Based Capital17.97%17.82%16.56%16.51%18.08%+11 bps
Equity / Assets17.78%17.56%16.35%16.81%17.67%-11 bps
Liquidity & Funding
Loans / Deposits147.61%140.79%127.37%129.45%144.42%-319 bps
Liquid Assets / Assets5.92%6.07%14.03%11.72%6.36%+44 bps
CRE / Total Capitaln/a28.05%30.34%27.54%n/an/a