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First Dakota National Bank

Yankton, SD · Cert 4028 · First Dakota Financial Corp.

National charter · OCC · 17 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=322 to 328). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer Standing

Trailing 9 quarters, through Q2 2026

Capital

18

Q2 2024Q2 2026Peer median (50)

Asset Quality

78

Q2 2024Q2 2026Peer median (50)

Profitability

79

Q2 2024Q2 2026Peer median (50)

Liquidity

33

Q2 2024Q2 2026Peer median (100)

Efficiency

65

Q2 2024Q2 2026Peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is a stronger peer standing, and the peer median is fixed at 50. Liquidity, Growth: closeness to the peer median, 100 at the median.

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 2026-10-12

First Dakota National Bank

Yankton, SD · Cert 4028 · First Dakota Financial Corp.

National charter · OCC · 17 branches

Q2 2026

$3.4BAssets
$2.9BLoans
$3.0BDeposits
$333.0MEquity
Loan mix
86%RE $2.3B13%C&I $0.3B1%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
87%Interest-bearing $2.6B13%Noninterest $0.4BQ2 2025Q2 2026

NIM

5.36%Q2 ’245.56%Q2 ’255.70%Q2 ’26+19%+10%

Non-interest income vs. expense

2.48%Q2 ’242.55%Q2 ’252.67%Q2 ’26+0%+2%

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.1% share · #8 of 42 inst. · $1.2B of $1127.8B

0.2% Minnehaha
56.8% Yankton
27.7% Davison
65.8% Brule

Executive Summary

  • Earnings: ROA of 1.68%, up 42 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.30% of loans (-9 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.40%, up 22 bps from a year ago.
  • Funding: loans stand at 97.03% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.68%+42 bps YoY

Net Interest Margin (YTD, annualized)

3.73%+33 bps YoY

Efficiency Ratio (YTD, annualized)

54.51%-241 bps YoY

Tier 1 Leverage Ratio

10.40%+22 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.26%1.32%1.38%1.49%1.68%+42 bps
Return on Equity13.50%14.02%14.60%15.54%17.36%+386 bps
Net Interest Margin3.41%3.41%3.40%3.62%3.73%+33 bps
Efficiency Ratio56.92%57.44%58.05%57.49%54.51%-241 bps
Non-Interest Burden1.47%1.49%1.51%1.56%1.50%+3 bps
Growth
Asset Growth (YoY)6.03%8.42%11.23%9.92%10.79%+476 bps
Loan Growth (YoY)8.72%13.35%13.49%14.03%11.83%+311 bps
Deposit Growth (YoY)5.01%7.18%8.17%9.46%8.15%+314 bps
Asset Quality
Nonperforming Loans / Loans0.40%0.37%0.36%0.39%0.30%-9 bps
Net Charge-Offs / Loans-0.02%-0.01%0.03%0.00%0.00%+2 bps
Allowance / Loans1.29%1.19%1.12%1.12%1.12%-17 bps
Allowance Coverage of NPLs3.2x3.2x3.1x2.9x3.7x+0.4x
Capital
Tier 1 Leverage Ratio10.18%10.27%10.05%10.18%10.40%+22 bps
Total Risk-Based Capital12.27%12.23%11.92%12.10%10.40%-187 bps
Equity / Assets9.51%9.69%9.49%9.68%9.82%+31 bps
Liquidity & Funding
Loans / Deposits93.84%95.22%96.56%95.05%97.03%+319 bps
Liquid Assets / Assets0.13%0.12%0.51%0.39%0.10%-3 bps
CRE / Total Capitaln/a397%402%403%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 2026-10-12

First Dakota National Bank

Yankton, SD · Cert 4028 · Peer group: banks $1B-$10B in assets (n=322-328) · First Dakota Financial Corp.

National charter · OCC · 17 branches

Q2 2026

$3.4BAssets
$2.9BLoans
$3.0BDeposits
$333.0MEquity

Executive Summary

  • Strongest standing: return on equity outperforms 88% of banks $1B-$10B in assets (rank 41 of 328).
  • Widest gap: total risk-based capital ratio trails 95% of banks $1B-$10B in assets (rank 311 of 328).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.64%

Rank 68 of 328

Net Interest Margin

3.73%

Rank 95 of 328

Efficiency Ratio

54.51%

Rank 115 of 328

Equity / Assets

9.82%

Rank 194 of 328

Non-interest income vs. expense

$39.1M$89.3MINCOMEEXPENSE
Unfavorable gap of $50.3M · efficiency ratio beats 65% of banks $1B-$10B in assets
Bank 54.51%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.64%0.91%1.22%1.52%Beats 79%68 / 328
Return on Equity16.68%8.43%11.45%14.43%Beats 88%41 / 328
Net Interest Margin3.73%3.03%3.45%3.83%Beats 71%95 / 328
Efficiency Ratio54.51%51.61%59.56%67.53%Beats 65%115 / 328
Asset Quality
Nonperforming Loans / Loans0.30%0.24%0.51%1.03%Beats 68%104 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 87%46 / 322
Capital
Tier 1 Capital Ratio10.40%11.75%13.15%15.47%Beats 8%302 / 328
Total Risk-Based Capital Ratio10.40%12.63%14.15%16.46%Beats 5%311 / 328
Equity / Assets9.82%9.15%10.33%12.01%Beats 41%194 / 328
Liquidity & Funding
Loans / Deposits97.03%76.63%87.92%95.36%79th pctl67 / 323
Loans / Assets84.72%65.18%74.15%79.98%90th pctl33 / 328
Brokered Deposits / Depositsn/aNot reported for this institution