PackageTrendsPeer
Letter portraitLegal landscape

First Bank & Trust

Brookings, SD · Cert 3973 · Fishback Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets operating regionally3

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 $1B-$10B in assets operating regionally (n=176). 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

28

Q2 2024Q2 2026peer median (50)

Asset Quality

60

Q2 2024Q2 2026peer median (50)

Profitability

49

Q2 2024Q2 2026peer median (50)

Liquidity

77

Q2 2024Q2 2026peer median

Efficiency

47

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 Bank & Trust

Brookings, SD · Cert 3973 · Fishback Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

$4.8BAssets
$3.6BLoans
$4.2BDeposits
$539.4MEquity
Loan mix
72%RE $2.3B24%C&I $0.8B3%Consumer $0.1BQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $3.5B17%Noninterest $0.7BQ2 2025Q2 2026

NIM

4.90%Q2 ’245.18%Q2 ’255.28%Q2 ’26+18%+17%

Non-interest income vs. expense

2.54%Q2 ’242.59%Q2 ’252.55%Q2 ’26+310%+2%

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.1% share · #9 of 42 inst. · $1.1B of $1127.8B

66.9% Brookings
0.2% Minnehaha
51.6% Pipestone
54.4% Grant

Executive Summary

  • Earnings: ROA of 1.31%, up 43 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.42% of loans (+20 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.37%, up 33 bps from a year ago.
  • Funding: loans stand at 85.70% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.31%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+50 bps YoY

Efficiency Ratio (YTD, annualized)

58.97%-689 bps YoY

Tier 1 Leverage Ratio

10.37%+33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.88%0.96%1.02%1.30%1.31%+43 bps
Return on Equity8.30%8.94%9.39%11.72%11.72%+343 bps
Net Interest Margin2.97%3.08%3.11%3.45%3.47%+50 bps
Efficiency Ratio65.86%64.13%63.28%60.66%58.97%-689 bps
Non-Interest Burden1.72%1.71%1.69%1.78%1.74%+3 bps
Growth
Asset Growth (YoY)1.14%0.69%0.27%1.73%0.77%-36 bps
Loan Growth (YoY)-2.33%-2.86%-2.25%-0.72%2.54%+487 bps
Deposit Growth (YoY)6.68%2.93%3.20%4.25%2.77%-391 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.36%0.30%0.43%0.42%+20 bps
Net Charge-Offs / Loans0.03%0.06%0.07%0.05%0.02%-1 bps
Allowance / Loans1.24%1.25%1.24%1.26%1.25%+1 bps
Allowance Coverage of NPLs5.9x3.5x4.2x2.9x3.0x-2.9x
Capital
Tier 1 Leverage Ratio10.04%10.24%10.21%10.49%10.37%+33 bps
Total Risk-Based Capital10.04%10.24%10.21%10.49%10.37%+33 bps
Equity / Assets10.82%10.99%11.26%10.99%11.27%+45 bps
Liquidity & Funding
Loans / Deposits85.89%86.17%85.16%81.61%85.70%-19 bps
Liquid Assets / Assets15.01%15.08%13.88%16.63%12.61%-241 bps
CRE / Total Capitaln/a334%329%318%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 Bank & Trust

Brookings, SD · Cert 3973 · Peer group: banks $1B-$10B in assets operating regionally (n=176) · Fishback Financial Corp.

State charter, non-member · FDIC · 22 branches

Q2 2026

$4.8BAssets
$3.6BLoans
$4.2BDeposits
$539.4MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 66% of banks $1B-$10B in assets operating regionally (rank 60 of 176).
  • Widest gap: total risk-based capital ratio trails 93% of banks $1B-$10B in assets operating regionally (rank 163 of 176).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.31%

Rank 80 of 176

Net Interest Margin

3.47%

Rank 99 of 176

Efficiency Ratio

60.14%

Rank 94 of 176

Equity / Assets

11.27%

Rank 60 of 176

Non-interest income vs. expense

$39.1M$123.8MINCOMEEXPENSE
Unfavorable gap of $84.7M · efficiency ratio beats 47% of banks $1B-$10B in assets operating regionally
Bank 60.14%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.31%0.93%1.26%1.54%Beats 55%80 / 176
Return on Equity11.61%9.26%11.89%14.46%Beats 48%92 / 176
Net Interest Margin3.47%3.25%3.59%3.93%Beats 44%99 / 176
Efficiency Ratio60.14%52.79%59.55%67.66%Beats 47%94 / 176
Asset Quality
Nonperforming Loans / Loans0.42%0.30%0.64%1.32%Beats 64%64 / 176
Net Charge-Offs / Loans0.03%0.01%0.04%0.10%Beats 55%80 / 176
Capital
Tier 1 Capital Ratio10.37%11.15%12.72%14.15%Beats 11%157 / 176
Total Risk-Based Capital Ratio10.37%11.81%13.63%15.33%Beats 7%163 / 176
Equity / Assets11.27%9.16%10.35%11.80%Beats 66%60 / 176
Liquidity & Funding
Loans / Deposits85.70%80.94%89.73%97.21%38th pctl110 / 176
Loans / Assets74.65%69.25%75.12%80.82%48th pctl91 / 176
Brokered Deposits / Depositsn/aNot reported for this institution