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First Montana Bank, Inc.

Missoula, MT · Cert 363 · First National Bcorp Inc.

State charter, Fed member · FED · 10 branches

Q2 2026

$530.3MAssets
$321.8MLoans
$437.9MDeposits
$52.4MEquity
Loan mix
84%RE $272.8M13%C&I $40.6M3%Consumer $10.2MQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $317.0M28%Noninterest $120.9MQ3 2024Q2 2026

Market Position · Missoula, MT · 2026 SOD (annual) · 1.5% share · #10 of 11 inst. · $0.1B of $4.0B

13.8% Silver Bow
27.3% Lincoln
42.8% Deer Lodge
1.5% Missoula

Executive Summary

  • Earnings: ROA of 1.07%, up 29 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.13% of loans (-20 bps YoY), with net charge-offs at 0.07%.
  • Capital: tier 1 leverage ratio of 10.15%, up 86 bps from a year ago.
  • Funding: loans stand at 73.49% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.07%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+35 bps YoY

Efficiency Ratio (YTD, annualized)

66.30%-115 bps YoY

Tier 1 Leverage Ratio

10.15%+86 bps YoY

NIM

4.44%Q2 ’244.64%Q2 ’254.74%Q2 ’26+11%+11%

Non-interest income vs. expense

2.32%Q2 ’242.33%Q2 ’252.79%Q2 ’26+4%+3%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.72%1.00%0.70%0.78%0.78%0.80%0.99%1.07%+29 bps
Return on Equity9.24%12.62%8.17%8.93%8.88%9.14%10.64%11.22%+229 bps
Net Interest Margin2.79%2.83%2.91%3.07%3.08%3.07%3.35%3.43%+35 bps
Efficiency Ratio70.26%63.61%66.57%67.45%68.62%68.35%68.64%66.30%-115 bps
Non-Interest Burden1.81%1.47%1.81%1.94%1.99%1.97%2.08%2.00%+6 bps
Growth
Asset Growth (YoY)4.02%-1.46%-3.29%-2.22%-3.98%-0.23%-4.70%-3.88%-166 bps
Loan Growth (YoY)3.96%-0.84%-5.66%-5.31%-4.75%-3.98%-1.34%-3.11%+220 bps
Deposit Growth (YoY)-0.82%1.84%3.91%2.03%3.83%4.44%-2.65%0.57%-147 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.20%0.63%0.33%0.20%0.18%0.16%0.13%-20 bps
Net Charge-Offs / Loans0.03%0.07%0.00%0.02%0.01%0.02%0.11%0.07%+5 bps
Allowance / Loans1.00%1.00%1.04%1.02%1.03%1.04%1.02%1.04%+3 bps
Allowance Coverage of NPLs2.6x4.9x1.6x3.1x5.1x5.9x6.2x8.2x+5.1x
Capital
Tier 1 Leverage Ratio8.56%8.87%9.07%9.29%9.33%9.32%9.90%10.15%+86 bps
Total Risk-Based Capital13.78%15.24%15.99%15.78%16.12%16.41%16.45%16.90%+112 bps
Equity / Assets7.86%8.50%8.67%8.89%8.89%9.08%9.61%9.88%+99 bps
Liquidity & Funding
Loans / Deposits80.05%78.76%74.98%76.27%73.43%72.41%75.99%73.49%-279 bps
Liquid Assets / Assets30.05%29.22%31.53%29.74%31.65%31.27%27.82%27.47%-227 bps
CRE / Total Capitaln/an/an/an/a350%342%332%n/an/a