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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 $0.0MQ3 2024Q2 2026
Deposit mix
93%Interest-bearing $37.7M7%Noninterest $2.8MQ3 2024Q2 2026

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 1.81%, up 38 bps year over year; NIM at 5.15%.
  • 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.

Return on Assets (YTD, annualized)

1.81%+38 bps YoY

Net Interest Margin (YTD, annualized)

5.15%+35 bps YoY

Efficiency Ratio (YTD, annualized)

52.79%-805 bps YoY

Tier 1 Leverage Ratio

18.08%+11 bps YoY

NIM

7.17%Q2 ’247.89%Q2 ’257.86%Q2 ’26+24%+7%

Non-interest income vs. expense

2.65%Q2 ’242.92%Q2 ’252.72%Q2 ’26+10%-7%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.03%1.10%1.29%1.43%1.35%1.45%1.70%1.81%+38 bps
Return on Equity6.32%6.72%7.60%8.30%7.81%8.47%10.24%10.71%+241 bps
Net Interest Margin3.99%3.88%4.49%4.80%4.76%4.41%4.73%5.15%+35 bps
Efficiency Ratio66.61%65.08%63.84%60.84%63.20%60.39%54.70%52.79%-805 bps
Non-Interest Burden2.66%2.52%2.86%2.92%3.01%2.66%2.58%2.72%-20 bps
Growth
Asset Growth (YoY)-3.44%-1.45%-5.48%-2.99%-3.22%3.92%8.24%5.19%+818 bps
Loan Growth (YoY)-3.96%-5.45%-5.85%-3.95%-2.97%-1.44%1.79%4.85%+881 bps
Deposit Growth (YoY)2.74%3.81%-1.15%-8.24%-7.44%0.19%9.68%7.17%+1,541 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.47%0.01%0.16%0.00%0.00%0.00%0.00%-16 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.66%0.68%0.69%0.70%0.68%0.69%0.68%0.66%-3 bps
Allowance Coverage of NPLs9.0x1.5x48.6x4.4xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio16.80%16.13%16.89%17.97%17.82%16.56%16.51%18.08%+11 bps
Total Risk-Based Capital16.80%16.13%16.89%17.97%17.82%16.56%16.51%18.08%+11 bps
Equity / Assets16.57%16.46%17.57%17.78%17.56%16.35%16.81%17.67%-11 bps
Liquidity & Funding
Loans / Deposits134.30%129.48%139.48%147.61%140.79%127.37%129.45%144.42%-319 bps
Liquid Assets / Assets6.46%9.51%6.12%5.92%6.07%14.03%11.72%6.36%+44 bps
CRE / Total Capitaln/an/an/an/a28.05%30.34%27.54%n/an/a