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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

$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