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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 $1.1BQ3 2024Q2 2026
Deposit mix
71%Interest-bearing $2.1B29%Noninterest $0.8BQ3 2024Q2 2026

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 1.61%, up 25 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.10% of loans (-5 bps YoY), with net charge-offs at 0.15%.
  • 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.

Return on Assets (quarter, annualized)

1.61%+25 bps YoY

Net Interest Margin (quarter, annualized)

3.18%+5 bps YoY

Efficiency Ratio (quarter, annualized)

57.44%-356 bps YoY

Tier 1 Leverage Ratio

13.67%-25 bps YoY

NIM

4.70%Q2 ’244.89%Q2 ’254.72%Q2 ’26+10%+2%

Non-interest income vs. expense

2.72%Q2 ’242.93%Q2 ’252.76%Q2 ’26+23%-10%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.43%1.58%1.38%1.36%1.47%1.42%1.39%1.61%+25 bps
Return on Equity10.73%12.04%10.33%9.67%10.51%11.32%11.14%11.82%+215 bps
Net Interest Margin2.96%3.13%3.07%3.14%3.27%3.29%3.14%3.18%+5 bps
Efficiency Ratio60.70%56.31%60.24%60.99%60.76%56.36%57.79%57.44%-356 bps
Non-Interest Burden1.10%1.07%1.24%1.26%1.34%1.21%1.21%1.14%-12 bps
Growth
Asset Growth (YoY)5.48%11.59%-0.61%2.82%7.43%24.09%13.99%16.46%+1,364 bps
Loan Growth (YoY)3.58%2.82%2.85%2.96%3.09%1.42%0.71%-0.52%-347 bps
Deposit Growth (YoY)10.75%16.80%-0.87%-0.64%3.67%21.49%9.17%13.29%+1,393 bps
Asset Quality
Nonperforming Loans / Loans0.06%0.09%0.07%0.15%0.16%0.12%0.14%0.10%-5 bps
Net Charge-Offs / Loans0.28%0.29%0.26%0.34%0.26%0.42%0.24%0.15%-20 bps
Allowance / Loans1.44%1.46%1.46%1.45%1.45%1.45%1.45%1.44%0 bps
Allowance Coverage of NPLs25.4x16.4x20.5x9.9x9.1x11.7x10.1x14.8x+4.8x
Capital
Tier 1 Leverage Ratio13.36%13.33%13.92%13.92%14.06%13.71%13.75%13.67%-25 bps
Total Risk-Based Capital19.61%20.23%20.56%20.23%20.33%21.03%21.36%21.18%+94 bps
Equity / Assets13.66%12.70%14.02%14.07%13.89%11.47%13.74%13.55%-52 bps
Liquidity & Funding
Loans / Deposits81.73%73.95%80.61%84.05%81.27%61.73%74.36%73.81%-1,024 bps
Liquid Assets / Assets5.30%14.34%9.41%7.55%12.17%29.62%14.11%10.50%+295 bps
CRE / Total Capitaln/an/an/an/a104.65%102.76%96.52%n/an/a