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First Premier Bank

Sioux Falls, SD · Cert 6085 · United National Corp.

State charter, Fed member · FED · 13 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B 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 $1B-$10B in assets (n=313 to 319). 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

90

Q2 2024Q2 2026peer median (50)

Asset Quality

56

Q2 2024Q2 2026peer median (50)

Profitability

51

Q2 2024Q2 2026peer median (50)

Liquidity

39

Q2 2024Q2 2026peer median

Efficiency

60

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

First Premier Bank

Sioux Falls, SD · Cert 6085 · United National Corp.

State charter, Fed member · FED · 13 branches

Q2 2026

$3.6BAssets
$2.1BLoans
$2.9BDeposits
$493.3MEquity
Loan mix
36%RE $0.7B8%C&I $0.2B56%Consumer $1.1BQ2 2025Q2 2026
Deposit mix
71%Interest-bearing $2.1B29%Noninterest $0.8BQ2 2025Q2 2026

NIM

4.64%Q2 ’244.82%Q2 ’254.65%Q2 ’26+11%+1%

Non-interest income vs. expense

2.73%Q2 ’242.84%Q2 ’252.68%Q2 ’26+20%-7%

Market Position · Sioux Falls, SD-MN · 2026 SOD (annual) · 0.2% share · #5 of 42 inst. · $2.6B of $1127.8B

0.5% Minnehaha
11.5% Codington
0.0% Lincoln
23.9% Hamlin

Executive Summary

  • Earnings: ROA of 1.48%, up 12 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.10% of loans (-5 bps YoY), with net charge-offs at 0.19%.
  • Capital: tier 1 leverage ratio of 13.67%, down 25 bps from a year ago.
  • Funding: loans stand at 73.81% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.48%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.13%+4 bps YoY

Efficiency Ratio (YTD, annualized)

57.61%-302 bps YoY

Tier 1 Leverage Ratio

13.67%-25 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.36%1.39%1.37%1.39%1.48%+12 bps
Return on Equity10.01%10.15%10.48%11.14%11.49%+148 bps
Net Interest Margin3.09%3.13%3.04%3.14%3.13%+4 bps
Efficiency Ratio60.63%60.67%59.54%57.79%57.61%-302 bps
Non-Interest Burden1.25%1.27%1.20%1.21%1.16%-9 bps
Growth
Asset Growth (YoY)2.82%7.43%24.09%13.99%16.46%+1,364 bps
Loan Growth (YoY)2.96%3.09%1.42%0.71%-0.52%-347 bps
Deposit Growth (YoY)-0.64%3.67%21.49%9.17%13.29%+1,393 bps
Asset Quality
Nonperforming Loans / Loans0.15%0.16%0.12%0.14%0.10%-5 bps
Net Charge-Offs / Loans0.30%0.28%0.32%0.24%0.19%-11 bps
Allowance / Loans1.45%1.45%1.45%1.45%1.44%0 bps
Allowance Coverage of NPLs9.9x9.1x11.7x10.1x14.8x+4.8x
Capital
Tier 1 Leverage Ratio13.92%14.06%13.71%13.75%13.67%-25 bps
Total Risk-Based Capital20.23%20.33%21.03%21.36%21.18%+94 bps
Equity / Assets14.07%13.89%11.47%13.74%13.55%-52 bps
Liquidity & Funding
Loans / Deposits84.05%81.27%61.73%74.36%73.81%-1,024 bps
Liquid Assets / Assets7.55%12.17%29.62%14.11%10.50%+295 bps
CRE / Total Capitaln/a104.65%102.76%96.52%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

First Premier Bank

Sioux Falls, SD · Cert 6085 · Peer group: banks $1B-$10B in assets (n=313-319) · United National Corp.

State charter, Fed member · FED · 13 branches

Q2 2026

$3.6BAssets
$2.1BLoans
$2.9BDeposits
$493.3MEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 91% of banks $1B-$10B in assets (rank 30 of 319).
  • Widest gap: net charge-offs / loans trails 78% of banks $1B-$10B in assets (rank 245 of 313).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.53%

Rank 79 of 319

Net Interest Margin

3.13%

Rank 226 of 319

Efficiency Ratio

57.61%

Rank 128 of 319

Equity / Assets

13.55%

Rank 41 of 319

Non-interest income vs. expense

$57.9M$102.2MINCOMEEXPENSE
Unfavorable gap of $44.3M · efficiency ratio beats 60% of banks $1B-$10B in assets
Bank 57.61%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.53%0.91%1.21%1.53%Beats 75%79 / 319
Return on Equity11.31%8.49%11.44%14.57%Beats 48%167 / 319
Net Interest Margin3.13%3.06%3.43%3.81%Beats 29%226 / 319
Efficiency Ratio57.61%51.90%59.57%67.64%Beats 60%128 / 319
Asset Quality
Nonperforming Loans / Loans0.10%0.25%0.54%1.18%Beats 89%35 / 313
Net Charge-Offs / Loans0.14%0.01%0.04%0.12%Beats 22%245 / 313
Capital
Tier 1 Capital Ratio19.95%11.74%12.99%15.28%Beats 91%30 / 319
Total Risk-Based Capital Ratio21.18%12.61%14.01%16.23%Beats 91%29 / 319
Equity / Assets13.55%9.03%10.33%12.01%Beats 87%41 / 319
Liquidity & Funding
Loans / Deposits73.81%76.76%88.16%95.43%20th pctl252 / 314
Loans / Assets58.67%65.79%74.05%79.84%15th pctl272 / 319
Brokered Deposits / Depositsn/aNot reported for this institution