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First National Bank of Bemidji, The

Bemidji, MN · Cert 5093 · First NB of Bemidji Esop&Trust

National charter · OCC · 3 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=311 to 317). 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

46

Q2 2024Q2 2026peer median (50)

Profitability

42

Q2 2024Q2 2026peer median (50)

Liquidity

1

Q2 2024Q2 2026peer median

Efficiency

74

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 2026-10-10

First National Bank of Bemidji, The

Bemidji, MN · Cert 5093 · First NB of Bemidji Esop&Trust

National charter · OCC · 3 branches

Q2 2026

$1.1BAssets
$548.6MLoans
$844.4MDeposits
$87.0MEquity
Loan mix
73%RE $340.6M21%C&I $99.6M6%Consumer $28.3MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $696.3M18%Noninterest $148.1MQ2 2025Q2 2026

NIM

4.39%Q2 ’244.25%Q2 ’254.55%Q2 ’26-3%+27%

Non-interest income vs. expense

1.70%Q2 ’241.66%Q2 ’251.54%Q2 ’26-7%-6%

Executive Summary

  • Earnings: ROA of 1.22%, up 56 bps year over year; NIM at 2.58%.
  • Asset quality: problem loans at 1.99% of loans (-76 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.14%, down 17 bps from a year ago.
  • Funding: loans stand at 64.97% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.22%+56 bps YoY

Net Interest Margin (YTD, annualized)

2.58%+54 bps YoY

Efficiency Ratio (YTD, annualized)

52.16%-1,564 bps YoY

Tier 1 Leverage Ratio

11.14%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.65%0.78%0.85%1.05%1.22%+56 bps
Return on Equity9.47%10.97%11.63%13.33%15.33%+586 bps
Net Interest Margin2.04%2.13%2.27%2.63%2.58%+54 bps
Efficiency Ratio67.80%63.53%58.98%53.41%52.16%-1,564 bps
Non-Interest Burden1.25%1.21%1.18%1.24%1.17%-8 bps
Growth
Asset Growth (YoY)4.85%6.08%7.04%10.75%10.13%+528 bps
Loan Growth (YoY)5.83%8.19%12.66%21.69%27.51%+2,168 bps
Deposit Growth (YoY)4.44%6.27%5.54%4.33%1.90%-253 bps
Asset Quality
Nonperforming Loans / Loans2.75%2.60%2.47%2.28%1.99%-76 bps
Net Charge-Offs / Loans0.02%0.02%0.04%0.00%0.00%-2 bps
Allowance / Loans0.74%0.73%0.72%0.71%0.65%-9 bps
Allowance Coverage of NPLs0.3x0.3x0.3x0.3x0.3x+0.1x
Capital
Tier 1 Leverage Ratio11.31%10.97%11.04%11.19%11.14%-17 bps
Total Risk-Based Capital11.31%10.97%11.04%11.19%11.14%-17 bps
Equity / Assets6.64%7.55%8.15%7.59%8.07%+143 bps
Liquidity & Funding
Loans / Deposits51.93%52.79%55.06%59.66%64.97%+1,305 bps
Liquid Assets / Assets4.10%3.11%0.46%0.24%0.26%-385 bps
CRE / Total Capitaln/a150.69%162.61%185.77%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 2026-10-10

First National Bank of Bemidji, The

Bemidji, MN · Cert 5093 · Peer group: banks $1B-$10B in assets (n=311-317) · First NB of Bemidji Esop&Trust

National charter · OCC · 3 branches

Q2 2026

$1.1BAssets
$548.6MLoans
$844.4MDeposits
$87.0MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 83% of banks $1B-$10B in assets (rank 56 of 311).
  • Widest gap: net interest margin trails 94% of banks $1B-$10B in assets (rank 297 of 317).
  • Overall: at or above the peer median on 3 of 9 directional measures.

Return on Assets

1.17%

Rank 172 of 317

Net Interest Margin

2.58%

Rank 297 of 317

Efficiency Ratio

52.16%

Rank 82 of 317

Equity / Assets

8.07%

Rank 296 of 317

Non-interest income vs. expense

$4.0M$16.7MINCOMEEXPENSE
Unfavorable gap of $12.7M · efficiency ratio beats 74% of banks $1B-$10B in assets
Bank 52.16%Peer median 59.7%Q3 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.17%0.93%1.22%1.51%Beats 46%172 / 317
Return on Equity14.54%8.63%11.43%14.48%Beats 75%79 / 317
Net Interest Margin2.58%3.06%3.45%3.83%Beats 6%297 / 317
Efficiency Ratio52.16%51.90%59.69%67.53%Beats 74%82 / 317
Asset Quality
Nonperforming Loans / Loans1.99%0.24%0.51%1.14%Beats 9%283 / 311
Net Charge-Offs / Loans0.00%0.01%0.04%0.12%Beats 83%56 / 311
Capital
Tier 1 Capital Ratio11.14%11.75%13.15%15.30%Beats 16%265 / 317
Total Risk-Based Capital Ratio11.14%12.63%14.21%16.26%Beats 10%286 / 317
Equity / Assets8.07%9.06%10.32%11.95%Beats 7%296 / 317
Liquidity & Funding
Loans / Deposits64.97%76.63%88.04%95.67%10th pctl280 / 312
Loans / Assets50.87%65.41%74.05%79.71%8th pctl291 / 317
Brokered Deposits / Depositsn/aNot reported for this institution