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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