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Turtle Mountain State Bank

Belcourt, ND · Cert 58586

State charter, non-member · FDIC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets (n=573 to 620). 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

48

Q2 2024Q2 2026peer median (50)

Asset Quality

14

Q2 2024Q2 2026peer median (50)

Profitability

83

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

92

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

Turtle Mountain State Bank

Belcourt, ND · Cert 58586

State charter, non-member · FDIC · 1 branch

Q2 2026

$114.1MAssets
$40.9MLoans
$99.8MDeposits
$14.0MEquity
Loan mix
33%RE $9.6M55%C&I $15.9M12%Consumer $3.6MQ2 2025Q2 2026
Deposit mix
41%Interest-bearing $40.5M59%Noninterest $59.3MQ2 2025Q2 2026

NIM

5.78%Q2 ’245.08%Q2 ’254.76%Q2 ’26-31%-13%

Non-interest income vs. expense

1.74%Q2 ’241.89%Q2 ’252.14%Q2 ’26+12%+7%

Executive Summary

  • Earnings: ROA of 1.83%, down 45 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 1.75% of loans (+168 bps YoY), with net charge-offs at 0.21%.
  • Capital: tier 1 leverage ratio of 12.85%, up 251 bps from a year ago.
  • Funding: loans stand at 41.02% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.83%-45 bps YoY

Net Interest Margin (YTD, annualized)

4.16%-63 bps YoY

Efficiency Ratio (YTD, annualized)

47.99%+821 bps YoY

Tier 1 Leverage Ratio

12.85%+251 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.28%2.24%2.20%1.44%1.83%-45 bps
Return on Equity24.22%22.88%21.77%12.17%15.24%-898 bps
Net Interest Margin4.79%4.96%5.04%4.09%4.16%-63 bps
Efficiency Ratio39.78%40.89%41.65%56.90%47.99%+821 bps
Non-Interest Burden1.65%1.76%1.82%2.15%1.77%+11 bps
Growth
Asset Growth (YoY)-9.79%-20.53%-6.50%-17.44%-13.83%-404 bps
Loan Growth (YoY)7.52%-1.25%-0.91%-4.28%2.96%-456 bps
Deposit Growth (YoY)-12.67%-23.56%-8.73%-20.41%-16.24%-357 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.00%0.00%0.40%1.75%+168 bps
Net Charge-Offs / Loans0.10%0.06%0.04%0.00%0.21%+11 bps
Allowance / Loans1.15%1.31%1.38%1.42%1.14%-2 bps
Allowance Coverage of NPLs15.3xn/an/a3.5x0.6x-14.7x
Capital
Tier 1 Leverage Ratio10.34%11.20%11.99%12.59%12.85%+251 bps
Total Risk-Based Capital10.34%11.20%11.99%12.59%12.85%+251 bps
Equity / Assets9.80%11.11%11.55%12.18%12.29%+250 bps
Liquidity & Funding
Loans / Deposits33.37%34.93%35.50%36.54%41.02%+765 bps
Liquid Assets / Assets51.32%48.97%46.15%43.29%36.42%-1,491 bps
CRE / Total Capitaln/a33.17%32.17%32.93%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

Turtle Mountain State Bank

Belcourt, ND · Cert 58586 · Peer group: banks under $1B in assets (n=573-620)

State charter, non-member · FDIC · 1 branch

Q2 2026

$114.1MAssets
$40.9MLoans
$99.8MDeposits
$14.0MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 92% of banks under $1B in assets (rank 50 of 620).
  • Widest gap: net charge-offs / loans trails 88% of banks under $1B in assets (rank 509 of 573).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.83%

Rank 88 of 620

Net Interest Margin

4.16%

Rank 118 of 620

Efficiency Ratio

47.99%

Rank 50 of 620

Equity / Assets

12.29%

Rank 205 of 620

Non-interest income vs. expense

$0.4M$2.5MINCOMEEXPENSE
Unfavorable gap of $2.0M · efficiency ratio beats 92% of banks under $1B in assets
Bank 47.99%Peer median 68.1%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.83%0.60%1.00%1.45%Beats 86%88 / 620
Return on Equity14.91%5.30%9.30%13.29%Beats 83%104 / 620
Net Interest Margin4.16%3.02%3.53%4.04%Beats 81%118 / 620
Efficiency Ratio47.99%58.35%68.08%79.37%Beats 92%50 / 620
Asset Quality
Nonperforming Loans / Loans1.75%0.09%0.47%1.27%Beats 16%482 / 573
Net Charge-Offs / Loans0.14%n/a0.01%0.06%Beats 12%509 / 573
Capital
Tier 1 Capital Ratio12.85%11.27%13.87%18.78%Beats 41%366 / 620
Total Risk-Based Capital Ratio12.85%11.69%14.57%19.67%Beats 37%393 / 620
Equity / Assets12.29%9.03%10.60%13.73%Beats 67%205 / 620
Liquidity & Funding
Loans / Deposits41.02%65.08%79.69%92.47%7th pctl546 / 585
Loans / Assets35.88%51.85%67.17%77.86%13th pctl537 / 620
Brokered Deposits / Depositsn/aNot reported for this institution