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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 $28.3MQ3 2024Q2 2026
Deposit mix
82%Interest-bearing $696.3M18%Noninterest $148.1MQ3 2024Q2 2026

Executive Summary

  • Earnings: ROA of 1.39%, up 43 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 1.99% of loans (-76 bps YoY), with net charge-offs at 0.01%.
  • 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.

Return on Assets (quarter, annualized)

1.39%+43 bps YoY

Net Interest Margin (quarter, annualized)

2.62%+20 bps YoY

Efficiency Ratio (quarter, annualized)

50.97%-670 bps YoY

Tier 1 Leverage Ratio

11.14%-17 bps YoY

NIM

4.47%Q2 ’244.56%Q2 ’254.65%Q2 ’26+11%+8%

Non-interest income vs. expense

1.79%Q2 ’241.61%Q2 ’251.54%Q2 ’26-13%-8%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.82%0.83%0.35%0.96%1.01%1.04%1.05%1.39%+43 bps
Return on Equity12.21%11.50%4.91%14.01%14.23%13.29%13.33%17.69%+369 bps
Net Interest Margin2.24%2.17%1.66%2.42%2.48%2.74%2.63%2.62%+20 bps
Efficiency Ratio62.75%57.70%81.31%57.67%56.54%48.06%53.41%50.97%-670 bps
Non-Interest Burden1.26%1.10%1.27%1.24%1.23%1.12%1.24%1.14%-10 bps
Growth
Asset Growth (YoY)-1.34%0.61%1.51%4.85%6.08%7.04%10.75%10.13%+528 bps
Loan Growth (YoY)5.37%10.63%9.00%5.83%8.19%12.66%21.69%27.51%+2,168 bps
Deposit Growth (YoY)-1.50%0.14%2.22%4.44%6.27%5.54%4.33%1.90%-253 bps
Asset Quality
Nonperforming Loans / Loans2.72%2.75%2.83%2.75%2.60%2.47%2.28%1.99%-76 bps
Net Charge-Offs / Loans0.00%0.02%0.02%0.03%0.03%0.10%0.00%0.01%-2 bps
Allowance / Loans0.74%0.77%0.78%0.74%0.73%0.72%0.71%0.65%-9 bps
Allowance Coverage of NPLs0.3x0.3x0.3x0.3x0.3x0.3x0.3x0.3x+0.1x
Capital
Tier 1 Leverage Ratio11.04%11.53%11.26%11.31%10.97%11.04%11.19%11.14%-17 bps
Total Risk-Based Capital11.04%11.53%11.26%11.31%10.97%11.04%11.19%11.14%-17 bps
Equity / Assets7.49%6.98%7.08%6.64%7.55%8.15%7.59%8.07%+143 bps
Liquidity & Funding
Loans / Deposits51.86%51.58%51.14%51.93%52.79%55.06%59.66%64.97%+1,305 bps
Liquid Assets / Assets0.56%0.55%1.84%4.10%3.11%0.46%0.24%0.26%-385 bps
CRE / Total Capitaln/an/an/an/a150.69%162.61%185.77%n/an/a