PackageTrendsPeer
Letter portraitLegal landscape

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=581 to 629). 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

91

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 2026-10-11

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 $3.6MQ3 2024Q2 2026
Deposit mix
41%Interest-bearing $40.5M59%Noninterest $59.3MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets2.81%2.81%1.78%2.28%2.24%2.20%1.44%1.83%-45 bps
Return on Equity38.71%36.86%19.34%24.22%22.88%21.77%12.17%15.24%-898 bps
Net Interest Margin6.53%6.41%4.85%4.79%4.96%5.04%4.09%4.16%-63 bps
Efficiency Ratio31.51%32.02%49.90%39.78%40.89%41.65%56.90%47.99%+821 bps
Non-Interest Burden1.43%1.52%2.04%1.65%1.76%1.82%2.15%1.77%+11 bps
Growth
Asset Growth (YoY)-4.98%-21.71%-5.28%-9.79%-20.53%-6.50%-17.44%-13.83%-404 bps
Loan Growth (YoY)28.25%15.10%9.54%7.52%-1.25%-0.91%-4.28%2.96%-456 bps
Deposit Growth (YoY)-6.41%-23.51%-7.48%-12.67%-23.56%-8.73%-20.41%-16.24%-357 bps
Asset Quality
Nonperforming Loans / Loans1.35%0.00%0.00%0.08%0.00%0.00%0.40%1.75%+168 bps
Net Charge-Offs / Loans-0.02%-0.02%0.03%0.10%0.06%0.04%0.00%0.21%+11 bps
Allowance / Loans1.09%1.17%1.22%1.15%1.31%1.38%1.42%1.14%-2 bps
Allowance Coverage of NPLs0.8xn/an/a15.3xn/an/a3.5x0.6x-14.7x
Capital
Tier 1 Leverage Ratio10.35%10.82%10.53%10.34%11.20%11.99%12.59%12.85%+251 bps
Total Risk-Based Capital10.35%10.82%10.53%10.34%11.20%11.99%12.59%12.85%+251 bps
Equity / Assets7.67%9.44%8.98%9.80%11.11%11.55%12.18%12.29%+250 bps
Liquidity & Funding
Loans / Deposits27.04%32.70%30.38%33.37%34.93%35.50%36.54%41.02%+765 bps
Liquid Assets / Assets54.22%57.95%50.63%51.32%48.97%46.15%43.29%36.42%-1,491 bps
CRE / Total Capitaln/an/an/an/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 2026-10-11

Turtle Mountain State Bank

Belcourt, ND · Cert 58586 · Peer group: banks under $1B in assets (n=581-629)

State charter, non-member · FDIC · 1 branch

Q2 2026

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

Executive Summary

  • Strongest standing: efficiency ratio outperforms 91% of banks under $1B in assets (rank 56 of 629).
  • Widest gap: net charge-offs / loans trails 88% of banks under $1B in assets (rank 516 of 581).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

1.83%

Rank 90 of 629

Net Interest Margin

4.16%

Rank 127 of 629

Efficiency Ratio

47.99%

Rank 56 of 629

Equity / Assets

12.29%

Rank 214 of 629

Non-interest income vs. expense

$0.4M$2.5MINCOMEEXPENSE
Unfavorable gap of $2.0M · efficiency ratio beats 91% of banks under $1B in assets
Bank 47.99%Peer median 67.8%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.83%0.60%1.01%1.45%Beats 86%90 / 629
Return on Equity14.91%5.38%9.30%13.28%Beats 83%107 / 629
Net Interest Margin4.16%3.03%3.54%4.05%Beats 80%127 / 629
Efficiency Ratio47.99%58.35%67.79%79.08%Beats 91%56 / 629
Asset Quality
Nonperforming Loans / Loans1.75%0.09%0.46%1.20%Beats 15%494 / 581
Net Charge-Offs / Loans0.14%n/a0.01%0.06%Beats 12%516 / 581
Capital
Tier 1 Capital Ratio12.85%11.24%13.84%18.77%Beats 41%369 / 629
Total Risk-Based Capital Ratio12.85%11.58%14.43%19.66%Beats 37%398 / 629
Equity / Assets12.29%9.09%10.65%13.80%Beats 66%214 / 629
Liquidity & Funding
Loans / Deposits41.02%67.24%80.90%93.48%6th pctl557 / 594
Loans / Assets35.88%53.31%67.71%78.15%13th pctl547 / 629
Brokered Deposits / Depositsn/aNot reported for this institution