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Beartooth Bank

Billings, MT · Cert 58199

FDIC · 1 branch

Q3 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2020, the quarter ended September 30, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

Beartooth Bank

Billings, MT · Cert 58199

FDIC · 1 branch

Q3 2020

$69.5MAssets
$52.0MLoans
$57.8MDeposits
$11.4MEquity
Loan mix
70%RE $25.6M27%C&I $10.0M2%Consumer $0.8MQ3 2019Q3 2020
Deposit mix
82%Interest-bearing $47.5M18%Noninterest $10.3MQ3 2019Q3 2020

NIM

4.67%Q3 ’185.01%Q3 ’194.13%Q3 ’20+6%-24%

Non-interest income vs. expense

2.84%Q3 ’182.78%Q3 ’192.44%Q3 ’20+0%-12%

Market Position · Billings, MT · 2020 SOD (annual) · 0.9% share · #9 of 12 inst. · $0.1B of $6.1B

Executive Summary

  • Earnings: ROA of 0.39%, down 67 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 12.71%, down 328 bps from a year ago.
  • Funding: loans stand at 90.02% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.39%-67 bps YoY

Net Interest Margin (YTD, annualized)

3.17%-102 bps YoY

Efficiency Ratio (YTD, annualized)

77.20%+1,060 bps YoY

Tier 1 Leverage Ratio

12.71%-328 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets1.06%1.07%0.52%0.54%0.39%-67 bps
Return on Equity6.29%6.47%2.95%3.03%2.24%-405 bps
Net Interest Margin4.19%3.90%3.57%3.77%3.17%-102 bps
Efficiency Ratio66.60%66.43%75.22%73.32%77.20%+1,060 bps
Non-Interest Burden2.74%2.55%2.52%2.78%2.40%-34 bps
Growth
Asset Growth (YoY)5.61%13.42%24.06%36.72%43.42%+3,781 bps
Loan Growth (YoY)-2.86%11.43%-1.01%25.59%41.31%+4,416 bps
Deposit Growth (YoY)5.14%14.62%20.62%35.53%44.54%+3,940 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%-0.07%-7 bps
Allowance / Loans2.12%1.95%0.02%0.03%0.10%-202 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio15.98%15.33%16.15%13.49%12.71%-328 bps
Total Risk-Based Capital20.21%18.96%19.66%15.72%14.54%-567 bps
Equity / Assets16.72%15.76%19.24%17.75%16.35%-36 bps
Liquidity & Funding
Loans / Deposits92.08%92.08%81.36%91.31%90.02%-206 bps
Liquid Assets / Assets0.34%0.29%0.28%0.24%0.21%-12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a