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First National Bank in Philip

Philip, SD · Cert 3999 · Philip Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating in a single state3

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 operating in a single state (n=743 to 746). 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

64

Q2 2024Q2 2026peer median (50)

Asset Quality

81

Q2 2024Q2 2026peer median (50)

Profitability

71

Q2 2024Q2 2026peer median (50)

Liquidity

75

Q2 2024Q2 2026peer median

Efficiency

99

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 National Bank in Philip

Philip, SD · Cert 3999 · Philip Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

$458.4MAssets
$281.1MLoans
$400.6MDeposits
$51.6MEquity
Loan mix
79%RE $110.3M19%C&I $27.1M2%Consumer $2.3MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $330.7M17%Noninterest $69.9MQ2 2025Q2 2026

NIM

5.54%Q2 ’245.43%Q2 ’255.32%Q2 ’260%+8%

Non-interest income vs. expense

1.46%Q2 ’241.50%Q2 ’251.27%Q2 ’26+5%-16%

Market Position · Rapid City, SD · 2026 SOD (annual) · 2.0% share · #10 of 11 inst. · $0.1B of $3.9B

97.2% Haakon
16.3% Meade

Executive Summary

  • Earnings: ROA of 1.77%, up 29 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.05%, down 18 bps from a year ago.
  • Funding: loans stand at 70.18% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.77%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.40%+27 bps YoY

Efficiency Ratio (YTD, annualized)

34.98%-899 bps YoY

Tier 1 Leverage Ratio

12.05%-18 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.49%1.52%1.52%1.88%1.77%+29 bps
Return on Equity13.73%13.68%13.96%17.82%16.46%+273 bps
Net Interest Margin3.14%3.27%2.92%3.34%3.40%+27 bps
Efficiency Ratio43.97%44.18%44.26%31.87%34.98%-899 bps
Non-Interest Burden1.23%1.30%1.17%0.90%1.04%-19 bps
Growth
Asset Growth (YoY)12.55%8.04%18.47%10.13%13.19%+64 bps
Loan Growth (YoY)3.23%5.21%12.53%14.69%8.25%+501 bps
Deposit Growth (YoY)12.09%7.71%18.52%9.76%13.51%+143 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.44%1.41%1.40%1.37%1.37%-8 bps
Allowance Coverage of NPLsn/an/an/an/a3850.0xn/an/a
Capital
Tier 1 Leverage Ratio12.23%12.77%11.33%11.67%12.05%-18 bps
Total Risk-Based Capital16.59%16.40%16.85%16.77%16.46%-13 bps
Equity / Assets11.53%11.97%10.16%10.94%11.25%-28 bps
Liquidity & Funding
Loans / Deposits73.59%76.45%60.33%66.87%70.18%-342 bps
Liquid Assets / Assets5.23%1.24%20.62%13.36%7.88%+265 bps
CRE / Total Capitaln/a86.77%84.06%83.96%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 National Bank in Philip

Philip, SD · Cert 3999 · Peer group: banks under $1B in assets operating in a single state (n=743-746) · Philip Bcorp Inc.

National charter · OCC · 2 branches

Q2 2026

$458.4MAssets
$281.1MLoans
$400.6MDeposits
$51.6MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 99% of banks under $1B in assets operating in a single state (rank 10 of 746).
  • Widest gap: net interest margin trails 65% of banks under $1B in assets operating in a single state (rank 484 of 746).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.84%

Rank 75 of 746

Net Interest Margin

3.40%

Rank 484 of 746

Efficiency Ratio

34.98%

Rank 10 of 746

Equity / Assets

11.25%

Rank 300 of 746

Non-interest income vs. expense

$1.1M$5.9MINCOMEEXPENSE
Unfavorable gap of $4.8M · efficiency ratio beats 99% of banks under $1B in assets operating in a single state
Bank 34.98%Peer median 64.6%Q2 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.84%0.72%1.06%1.45%Beats 90%75 / 746
Return on Equity16.35%6.74%10.51%13.63%Beats 89%83 / 746
Net Interest Margin3.40%3.17%3.68%4.16%Beats 35%484 / 746
Efficiency Ratio34.98%55.74%64.58%75.47%Beats 99%10 / 746
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.07%Beats 86%107 / 743
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 75%192 / 743
Capital
Tier 1 Capital Ratio15.39%11.55%13.75%17.60%Beats 65%264 / 746
Total Risk-Based Capital Ratio16.46%11.71%14.33%18.43%Beats 66%250 / 746
Equity / Assets11.25%8.90%10.51%13.06%Beats 60%300 / 746
Liquidity & Funding
Loans / Deposits70.18%61.31%78.27%90.78%36th pctl480 / 746
Loans / Assets61.33%53.60%66.97%76.08%38th pctl466 / 746
Brokered Deposits / Depositsn/aNot reported for this institution