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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=751 to 755). 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

63

Q2 2024Q2 2026peer median (50)

Asset Quality

81

Q2 2024Q2 2026peer median (50)

Profitability

71

Q2 2024Q2 2026peer median (50)

Liquidity

73

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 $2.3MQ3 2024Q2 2026
Deposit mix
83%Interest-bearing $330.7M17%Noninterest $69.9MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.44%1.48%1.39%1.49%1.52%1.52%1.88%1.77%+29 bps
Return on Equity12.87%13.52%13.25%13.73%13.68%13.96%17.82%16.46%+273 bps
Net Interest Margin3.15%2.86%2.95%3.14%3.27%2.92%3.34%3.40%+27 bps
Efficiency Ratio47.14%44.34%45.20%43.97%44.18%44.26%31.87%34.98%-899 bps
Non-Interest Burden1.33%1.14%1.18%1.23%1.30%1.17%0.90%1.04%-19 bps
Growth
Asset Growth (YoY)6.47%8.24%16.78%12.55%8.04%18.47%10.13%13.19%+64 bps
Loan Growth (YoY)8.41%1.06%3.22%3.23%5.21%12.53%14.69%8.25%+501 bps
Deposit Growth (YoY)5.00%8.32%17.50%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.47%1.57%1.57%1.44%1.41%1.40%1.37%1.37%-8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a3850.0xn/an/a
Capital
Tier 1 Leverage Ratio13.01%12.11%11.99%12.23%12.77%11.33%11.67%12.05%-18 bps
Total Risk-Based Capital16.76%18.09%17.94%16.59%16.40%16.85%16.77%16.46%-13 bps
Equity / Assets11.77%10.27%10.72%11.53%11.97%10.16%10.94%11.25%-28 bps
Liquidity & Funding
Loans / Deposits78.27%63.55%64.00%73.59%76.45%60.33%66.87%70.18%-342 bps
Liquid Assets / Assets2.55%18.88%15.48%5.23%1.24%20.62%13.36%7.88%+265 bps
CRE / Total Capitaln/an/an/an/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=751-755) · 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 12 of 755).
  • Widest gap: net interest margin trails 65% of banks under $1B in assets operating in a single state (rank 488 of 755).
  • Overall: at or above the peer median on 8 of 9 directional measures.

Return on Assets

1.84%

Rank 80 of 755

Net Interest Margin

3.40%

Rank 488 of 755

Efficiency Ratio

34.98%

Rank 12 of 755

Equity / Assets

11.25%

Rank 310 of 755

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 64.8%Q3 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.84%0.72%1.06%1.45%Beats 89%80 / 755
Return on Equity16.35%6.66%10.44%13.61%Beats 89%85 / 755
Net Interest Margin3.40%3.15%3.68%4.17%Beats 35%488 / 755
Efficiency Ratio34.98%55.75%64.78%75.61%Beats 99%12 / 755
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.42%1.05%Beats 86%110 / 751
Net Charge-Offs / Loans0.00%0.00%0.01%0.05%Beats 75%192 / 751
Capital
Tier 1 Capital Ratio15.39%11.56%13.81%17.74%Beats 64%270 / 755
Total Risk-Based Capital Ratio16.46%11.72%14.46%18.53%Beats 66%257 / 755
Equity / Assets11.25%8.93%10.56%13.13%Beats 59%310 / 755
Liquidity & Funding
Loans / Deposits70.18%62.43%78.62%91.00%34th pctl499 / 755
Loans / Assets61.33%54.70%67.27%76.55%36th pctl480 / 755
Brokered Deposits / Depositsn/aNot reported for this institution