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Bankwest, Incorporated

Pierre, SD · Cert 4009 · South Dakota Bancshares Inc.

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 assets3

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 (n=313 to 319). 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

11

Q2 2024Q2 2026peer median (50)

Asset Quality

43

Q2 2024Q2 2026peer median (50)

Profitability

34

Q2 2024Q2 2026peer median (50)

Liquidity

89

Q2 2024Q2 2026peer median

Efficiency

6

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

Bankwest, Incorporated

Pierre, SD · Cert 4009 · South Dakota Bancshares Inc.

State charter, non-member · FDIC · 22 branches

Q2 2026

$1.9BAssets
$1.4BLoans
$1.6BDeposits
$159.9MEquity
Loan mix
77%RE $825.1M11%C&I $113.8M12%Consumer $127.2MQ2 2025Q2 2026
Deposit mix
83%Interest-bearing $1.4B17%Noninterest $0.3BQ2 2025Q2 2026

NIM

5.74%Q2 ’245.56%Q2 ’255.64%Q2 ’26-7%+8%

Non-interest income vs. expense

3.68%Q2 ’243.66%Q2 ’253.82%Q2 ’26-3%+6%

Market Position · Rapid City, SD · 2026 SOD (annual) · 2.6% share · #9 of 11 inst. · $0.1B of $3.9B

40.2% Hughes
10.4% Davison
46.0% Gregory
67.2% Sully

Executive Summary

  • Earnings: ROA of 0.69%, up 27 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 2.76% of loans (-80 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 9.21%, up 3 bps from a year ago.
  • Funding: loans stand at 85.60% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.69%+27 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+27 bps YoY

Efficiency Ratio (YTD, annualized)

79.78%-136 bps YoY

Tier 1 Leverage Ratio

9.21%+3 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.42%0.51%0.63%0.65%0.69%+27 bps
Return on Equity5.43%6.56%7.94%7.92%8.39%+296 bps
Net Interest Margin3.39%3.41%3.47%3.57%3.66%+27 bps
Efficiency Ratio81.15%80.69%78.68%79.42%79.78%-136 bps
Non-Interest Burden2.58%2.58%2.54%2.64%2.73%+15 bps
Growth
Asset Growth (YoY)4.38%4.88%4.74%5.97%5.53%+115 bps
Loan Growth (YoY)11.87%12.67%10.75%7.42%8.20%-367 bps
Deposit Growth (YoY)6.64%3.22%5.08%8.75%10.65%+401 bps
Asset Quality
Nonperforming Loans / Loans3.56%3.49%1.54%2.16%2.76%-80 bps
Net Charge-Offs / Loans0.22%0.15%0.11%0.00%-0.03%-25 bps
Allowance / Loans1.09%1.06%1.06%1.09%1.08%-1 bps
Allowance Coverage of NPLs0.3x0.3x0.7x0.5x0.4x+0.1x
Capital
Tier 1 Leverage Ratio9.17%9.13%9.19%9.00%9.21%+3 bps
Total Risk-Based Capital11.03%11.05%11.17%11.66%11.57%+53 bps
Equity / Assets7.80%7.96%8.24%8.10%8.26%+46 bps
Liquidity & Funding
Loans / Deposits87.54%85.02%86.42%83.70%85.60%-194 bps
Liquid Assets / Assets2.18%1.72%1.63%1.61%1.51%-67 bps
CRE / Total Capitaln/a273%267%274%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

Bankwest, Incorporated

Pierre, SD · Cert 4009 · Peer group: banks $1B-$10B in assets (n=313-319) · South Dakota Bancshares Inc.

State charter, non-member · FDIC · 22 branches

Q2 2026

$1.9BAssets
$1.4BLoans
$1.6BDeposits
$159.9MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 80% of banks $1B-$10B in assets (rank 63 of 313).
  • Widest gap: nonperforming loans / loans trails 94% of banks $1B-$10B in assets (rank 296 of 313).
  • Overall: at or above the peer median on 2 of 9 directional measures.

Return on Assets

0.68%

Rank 277 of 319

Net Interest Margin

3.66%

Rank 110 of 319

Efficiency Ratio

80.52%

Rank 300 of 319

Equity / Assets

8.26%

Rank 290 of 319

Non-interest income vs. expense

$21.1M$74.2MINCOMEEXPENSE
Unfavorable gap of $53.0M · efficiency ratio beats 6% of banks $1B-$10B in assets
Bank 80.52%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.68%0.91%1.21%1.53%Beats 13%277 / 319
Return on Equity8.24%8.49%11.44%14.57%Beats 23%247 / 319
Net Interest Margin3.66%3.06%3.43%3.81%Beats 66%110 / 319
Efficiency Ratio80.52%51.90%59.57%67.64%Beats 6%300 / 319
Asset Quality
Nonperforming Loans / Loans2.76%0.25%0.54%1.18%Beats 6%296 / 313
Net Charge-Offs / Loans0.01%0.01%0.04%0.12%Beats 80%63 / 313
Capital
Tier 1 Capital Ratio10.58%11.74%12.99%15.28%Beats 9%290 / 319
Total Risk-Based Capital Ratio11.57%12.61%14.01%16.23%Beats 14%273 / 319
Equity / Assets8.26%9.03%10.33%12.01%Beats 9%290 / 319
Liquidity & Funding
Loans / Deposits85.60%76.76%88.16%95.43%44th pctl177 / 314
Loans / Assets72.79%65.79%74.05%79.84%45th pctl177 / 319
Brokered Deposits / Depositsn/aNot reported for this institution